Current Dogecoin (DOGE) Market Overview
DOGE to USD Exchange Rate: 1 DOGE = $0.078384
Market Capitalization: $10.98B
Circulating Supply: 140.34B DOGE
Total Supply: Unlimited (no cap)
24-Hour Trading Volume: $777.36M
7-Day Price Change: +10.84%
Today’s Price Range: $0.076714 – $0.078410
👉 Track real-time DOGE prices here
Market Analysis
The cryptocurrency market has experienced significant volatility recently. After recovering from a steep decline in previous weeks, Dogecoin now trades at $0.078384 with a daily range of $0.076714 – $0.078410. Despite fluctuations, DOGE maintains a 7-day upward trend of +10.84%.
DOGE Price Performance (USD)
| Time Frame | Price Change | Percentage Change |
|---|---|---|
| Today | +$0.00034 | +0.44% |
| 7 Days | +$0.0080 | +11.26% |
| 30 Days | +$0.014 | +21.49% |
| 3 Months | +$0.016 | +23.54% |
Dogecoin’s Monthly Price History
| Date | Closing Price | Opening Price | High | Low | Volume | Change |
|---|---|---|---|---|---|---|
| 2023-07-26 | $0.079988 | $0.081852 | $0.082251 | $0.079276 | 5.08B DOGE | -2.27% |
| 2023-07-25 | $0.081847 | $0.074200 | $0.083700 | $0.073638 | 5.29B DOGE | +10.31% |
| [Additional rows condensed for brevity] |
👉 Explore DOGE historical data
What is Dogecoin?
Dogecoin (DOGE), launched in December 2013, is a Scrypt-based cryptocurrency that ranks among the top digital currencies by user adoption. Key features include:
- Fast Transactions: 1-minute confirmation time vs Bitcoin’s 10 minutes
- Cultural Appeal: Strong tipping and charity community roots
- Inflationary Model: 5% annual inflation rate (decreasing over time)
- Security: Auxiliary mining protocol with ~1TH/s network power
Key Milestones
- 2015: Reached 1 million active addresses (5x Litecoin)
- Facebook approval for tipping apps (Doge Tipping App, Multicoin Tipping App)
- Consistently ranks among top 3 cryptocurrencies by real transaction volume
Top 10 Dogecoin Trading Platforms
- OKEx – Preferred by high-volume traders
- Huobi – Popular among retail investors
- Coinbase – Most internationally accessible
- BitMEX
- ZB Exchange
- Bitfinex
- Gate.io
- Binance
- MXC Exchange
- AOFEX
FAQ: Dogecoin Essentials
Q: Why has Dogecoin gained popularity?
A: Its low price, fast transactions, and strong community culture (tipping/charity) make it accessible and socially engaging.
Q: Is Dogecoin a good investment?
A: All cryptocurrencies carry risk. DOGE’s unlimited supply contrasts with Bitcoin’s capped model, affecting long-term value potential.
Q: Where can I spend Dogecoin?
A: Thousands of merchants accept DOGE, particularly in tech/gaming communities. Facebook tipping apps also enable microtransactions.
Q: How does Dogecoin mining work?
A: Unlike Bitcoin’s SHA-256, DOGE uses Scrypt algorithm allowing GPU mining. Auxiliary mining now secures the network.
Q: What’s Dogecoin’s inflation rate?
A: Currently ~5% annually, decreasing over time—designed to balance circulation growth with value stability.
Q: Can Dogecoin reach $1?
A: Market cap would need to exceed $140B (12x current value). Possible but requires massive sustained adoption.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry substantial risk.
“`