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Dogecoin (DOGE)

Dogecoin (DOGE)

The price of Dogecoin is $0.09, a +2.75% change over the last 7 days. Learn more about Dogecoin’s price history, how it works, and how to invest.

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Updated: Aug 31, 2023
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Overview
Markets
Historical Data
Price Statistics
Dogecoin price today
24h Change $0.000967222466
24h Low $0
24h High $0
Market Cap $12.32B
Trading Volume (24h) $334.69M
Market Dominance 1%
Market Rank #10
Circulating Supply 143.21B
Max Supply -

Dogecoin markets

Spot Derivatives OTC
# Source Pairs Price +2% Depth -2% Depth Volume Updated
1
EXMO EXMO
DOGE/USD $0.08615 $806.68 $26.53 609 Recently
2
Tokocrypto Tokocrypto
DOGE/BTC $0.08651 $7,854.28 $11,463.21 2,041 Recently
3
WazirX WazirX
DOGE/USDT $0.08679 $5,456.13 $5,125.37 1,675 Recently
4
Tokocrypto Tokocrypto
SHIB/DOGE $9.82 $32,489.63 $34,792.91 1,523 Recently
5
Phemex Phemex
DOGE/USDC $0.08660 $4,591.01 $4,569.39 28,827 Recently
6
EXMO EXMO
DOGE/BTC $0.08651 $292.25 $353.42 6,746 Recently
7
EXMO EXMO
DOGE/EUR $0.08619 $15,844.85 $13,333.95 9,166 Recently
8
WazirX WazirX
DOGE/INR $0.09011 $6,838.65 $2,133.42 33,731 Recently
9
Bitso Bitso
DOGE/USD $0.08652 $18,454.00 $14,647.94 28,616 Recently
10
Tokocrypto Tokocrypto
DOGE/IDR $0.08659 $14,104.28 $29,941.82 15,421 Recently
1
Kine Protocol (Polygon) Kine Protocol (Polygon)
DOGE/USD $0.08285 - - 13,115,770 Recently
2
BYDFi BYDFi
DOGE/USDT $0.08658 - - 3,605,430 Recently
3
WEEX WEEX
DOGE/USDT $0.08659 - - 21,168,484 Recently
4
BTCC BTCC
DOGE/USDT $0.08655 - - 86,456,572 Recently
5
Tapbit Tapbit
DOGE/USDT $0.08656 - - 8,803,651 Recently
6
BYDFi BYDFi
DOGE/USD $0.08661 - - 445,074 Recently
7
BitForex BitForex
DOGE/USDT $0.08810 - - 6,866,790 Recently
8
TruBit Pro Exchange TruBit Pro Exchange
DOGE/USDT $0.08661 - - 5,818,442 Recently
9
BIKA BIKA
DOGE/USDT $0.08159 - - 3,913,317 Recently
10
CoinCatch CoinCatch
DOGE/USDT $0.08658 - - 39,674,248 Recently
No data found
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About Dogecoin

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Resources

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What is the Dogecoin price today?

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The DOGE price is currently $0.09. The price of Dogecoin is +10.47% over the last 30 days. You can use the live Dogecoin chart to track the DOGE/USD price in real time above, or compare the Dogecoin value today to its past performance using the Dogecoin price history tab at the top of this page.

What is the total supply of DOGE?

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The circulating supply is 143,210,366,383.71 DOGE, out of a total maximum supply of 0.00 DOGE.

What is Dogecoin?

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Dogecoin is a cryptocurrency that was created as a light-hearted imitation of Bitcoin. It can be used to make payments or to transfer money online, but is most popular with traders who buy and sell it in order to speculate on changes in the price.

Like Bitcoin, Dogecoin uses a blockchain to track the movement of coins rather than requiring a central authority, like a bank, to process transactions. Control over the network is held by the people who own the coins, a concept that’s known as decentralisation.

The name and logo of the Dogecoin cryptocurrency come from an internet meme that was popular in 2013, when it was set up. That meme features a Japanese breed of dog, Shiba Inu, which has become the star of the Dogecoin logo, while the name is a deliberate misspelling of the word ‘dog’.

How does Dogecoin work?

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Like all cryptocurrencies, Dogecoin works by tracking the movement of coins on a publicly visible blockchain. This means that Doge changes hands between users without the need for a centralised intermediary such as a bank.

In terms of the specifics of how Doge works, the coin uses scrypt technology to verify transactions on its blockchain. This is a simpler function than the SHA-256 algorithm used by Bitcoin and means that mining on the Doge network is less energy-consuming.

If you’re feeling a little lost and are not 100% sure what terms like ‘mining’ mean, taking our free cryptocurrency courses will help you get your head around the basics of crypto.

Who created Dogecoin?

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Two software engineers by the name of Billy Markus and Jackson Palmer. They essentially created it as a joke, and built a fully-functioning cryptocurrency with no purpose after meeting each other on the online message board, Reddit.

For most of its existence, Dogecoin was worth virtually nothing. It was simply used as a means for tipping people, and paying someone fractions of a penny for a good tweet was part of the joke. Over time, however, it has evolved to become a more genuine cryptocurrency.

Neither Markus nor Palmer are involved in the project these days. They handed over the reins all the way back in 2014 and Palmer in particular has distanced himself from it. He’s become an outspoken critic of the industry and was particularly scathing of the boom that made Dogecoin a household name in 2021.

A brief history of Dogecoin?

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Dogecoin was founded in 2013 but was only known to a hardcore online community for most of that time. Below we cover the most important points of its rise from those humble beginnings into an internet phenomenon.

  • The cryptocurrency was launched in December 2013 and there were over a million visitors to the Dogecoin.com website in the first month.
  • The first Dogecoin bubble formed within just a few weeks. In the middle of December 2013 the coin’s price went up 300% in three days, before almost immediately crashing back down again.
  • In 2014, both co-founders left the project, passing control to “some very competent core devs” who have been in charge ever since, according to Markus.
  • In the same year, Dogecoin users donated more than $30,000 to help send the Jamaican bobsleigh team to the Winter Olympics in Sochi.
  • Throughout the course of its existence there have been many deliberate attempts from different online communities to artificially push the price of the coin up. TikTok, Reddit, and Twitter users have all tried since 2020 alone.
  • A significant part of Dogecoin’s fame is down to Elon Musk. The Tesla CEO began tweeting about – and apparently putting his money into – the coin in 2020, with each post inexorably leading to a spike in the price.
  • In 2021, Dogecoin experienced its most steep and sustained rise so far. Led by Musk and an army of casual investors, its price went above $0.50 for the first time in May, a remarkable increase of 20,000% compared to the start of the year.
  • Later the same year SpaceX, the aerospace transportation company that’s owned by Musk, announced it would be launching a trip to the moon funded entirely by Dogecoin.

Where can I buy Dogecoin?

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You can buy Dogecoin on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in Dogecoin?

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The simplest way to invest in Dogecoin is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

James Knight
Editor of Education
James is the lead editor of education for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and… read more.

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