Dogecoin is a cryptocurrency based on the popular "Doge" Internet meme and features a Shiba Inu on its logo. Dogecoin is a Litecoin fork. Introduced as a "joke currency" on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.
Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.
The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.
To purchase Dogecoin, it involves downloading a crypto wallet, setting up a crypto exchange account and then trading away for your desired crypto currency. Once we have set up an account with a DOGE currency exchange and deposited some funds, you are ready to start trading.
Where is Dogecoin available for purchase?
You can exchange DOGE tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Dogecoin is Binance, notably the DOGE/FDUSD pair, which saw a trading volume of $ 225,00 MLN. in the past day. Additionally, OKX and HTX are popular alternatives for trading tokens.
What is the highest value Dogecoin (DOGE) has ever reached?
Dogecoin (DOGE) reached its peak price at 0.7315 $ on 08 May 2021, approximately 4 years ago ago. Presently, the current price is -57.13% lower than this all-time high.
What is the historical minimum price for Dogecoin (DOGE)?
The minimum price reached for Dogecoin (DOGE) was 0.0000869 $, documented on 06 May 2015, more than 10 years ago. In comparison, the current price is 360,751.55%, it above this historical low.
What is the fully diluted valuation of Dogecoin (DOGE)?
The fully diluted valuation (FDV) of Dogecoin (DOGE) stands at $ 46,26 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of DOGE tokens. The realization of this FDV might take several years depending on the emission schedule of DOGE tokens.