About Dogecoin

What is the Dogecoin price today?

The DOGE price is currently $0.41. The price of Dogecoin is -3.37% 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 Dogecoin price prediction for 2025?

Dogecoin price predictions and forecasts are tricky, because crypto is such a fast-moving industry and new trends can explode very quickly.

However, you can use previous price trends, along with fundamental and technical analysis to make estimates about how Dogecoin might perform in the future.

For example, if you look at overall market trends in previous years, compared with how the Dogecoin price has risen or fallen in response, you can begin to understand how the Dogecoin market reacts to external pressures.

Alongside the DOGE price chart and updates to the Dogecoin technology, uptake, or development, these factors help you make a Dogecoin price forecast for the next few months and years.

What is the total supply of DOGE?

The circulating supply is 147,658,176,383.71 DOGE, out of a total maximum supply of 0.00 DOGE.

What is Dogecoin?

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?

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.

Who created Dogecoin?

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?

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?

You can buy Dogecoin on either a centralised cryptocurrency exchange (CEX) or decentralized exchange (DEX), depending on its availability. 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 trading platform.

Our guide on how & where to buy Dogecoin explains step-by-step exactly how to get started with a reliable crypto exchange, or via one of the most popular decentralized exchanges.

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?

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.