Dogecoin (DOGE) - Information, Price, News and More
$0.16
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Dogecoin current price is $0.16 with a marketcap of $23.42 B. Its price is 0.74% up in last 24 hours.
If you would like to buy Dogecoin, some of the suggested exchanges for trading DOGE are: Binance (not for USA), KuCoin, Huobi Global and Poloniex.
What is Dogecoin (DOGE)?
Dogecoin is crypto's original memecoin. It is also the most recognizable and popular memecoin in a flood of many copies trying to cash in on its success. There are many knockoffs, but only one DOGE. It derives its name from 2013's Shiba inu meme. It was originally conceived by developer Jackson Palmer as satire, mocking the sudden emergence of often low quality blockchain projects littering the ecosystem all those years ago, and the exaggerated valuations these projects received at the time. Ironically enough, not much has changed in 2021, if anything, the amount of horrible cash-grab "projects" has even grown since.
At one point it was meant to become an online tipping medium to leave small appreciation gifts for reddit comments, YouTube videos and charity initiatives. Small individual token denomination used to support this utility perfectly, as one could donate entire tokens instead of just fractions without parting with a whole lot of money, but the price has since grown considerably.
Despite its satirical nature and meme origins, or perhaps even because of it, many people consider it a legitimate investment. Among them is Elon Musk, Dogecoins most renowned and outspoken supporter.
Latest Dogecoin News, Post and Articles:
Who Are the Founders of Dogecoin?
Dogecoin was created in 2013 by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Markus and Palmer have both since left the Dogecoin team to pursue other projects and employment.
What Makes Dogecoin Unique?
Memes, dogs and Elon Musk...
Dogecoin has the support of the one of the richest men in the world, Elon Musk, who loves innovation and... irony. He also loves memes. There are many knockoffs, but only one DOGE.
What Does Dogecoin Do?
So far its main achievement is making the original supporters wealthier than they were before... In the future however, it strives to become an actual digital currency used regularly in daily transactions all over the world.
Who Are the Natural Buyers of Dogecoin?
(other than those investing purely for speculative reasons and trading profit)
- 1: ...
- 2: ...
Dogecoin Supply, Circulation and Tokenomics?
The network has a large total token supply of more than 130B DOGE and no fixed limit, a deliberate tokenomics decision in order to keep the price of each individual token low. Because of that, DOGE does not have the same long term store-of-value appeal as some other tokens with fixed supply, but the blockchain functions efficiently within its own restrictions, and should once the growth slows down encourage monetary exchange, which could potentially make it a viable option as an actual currency instead of a typical store of value like Bitcoin (BTC).
The fixed inflation of 5 billion Doge minted yearly, which is paid out to miners for conducting transactions and securing the network, in 2021 corresponds to an annual inflation of about 3.85%, which is actually relatively low compared to many other inflationary cryptocurrencies. And with every year that goes by and the supply itself grows, the inflation percentage will further fall as the 5 billion new coins minted represent a smaller and smaller ratio of the total supply. By the time there's 200B coins (around 2035), the annual inflation will be about 2.5%. Once there's 300B coins (around 2055), the inflation becomes only ~1.67%.
Where Can You Buy Dogecoin (DOGE)?
Dogecoin is currently a top 6 cryptocurrency by market capitalization (depending on day to day swings can be higher), and more and more exchanges have added it to their trading pairs lately, including the historically more reserved and traditional ones. Some of the markets where Dogecoin trading is available are:
- Binance
- KuCoin
- Huobi Global
- Poloniex
- Coinbase Pro
- OKEx
- Kraken
Dogecoin Future
While many dislike Elon Musk's involvement in crypto, especially when he speaks against the coin they support, nobody can deny he is a driving force behind Doge's latest resurrection and also its potential to eventually become more than just a joke it was initially meant to be. I've always argued that whichever coin gets support of Amazon, eBay or even Facebook (in that order) will likely prevail as the main crypto currency of choice for many or at least have a nice future guaranteed. At the time, I did not consider Musk as a possible driving force behind a coin, seeing as Tesla alone is not big enough of a market, but clearly he brings more to the table than just that. He is an innovator and a dreamer, with a purse and following to match. While Doge might not have the direct backing of the likes of Amazon and eBay yet, having Elon Musk in your corner could prove to be the next best thing. Especially since it already has "the people".
We can’t dismiss the possibility of seeing Dogecoin eventually reach $1 through the power of memes and social media alone, seeing as marketing and word of mouth is very important for any new industry and/or product. For much more than that however, adoption and daily use as an actual currency will be the key. Until then, we can trust in Musk and the power of a good meme...
