What is Dogecoin (DOGE)?
A Unique Name: Isn’t it? Ever heard of it? Then right now is the moment to apprise yourself with it. It may seem like an anecdote, but that is how this special digital currency’s journey began initially. As per the data, Dogecoin bears this strange but especially attractive name, which became a mascot of a Japanese breed of Dog called Shiba Inu and hence “DOGE.” After that, this rapidly growing cryptocurrency became a famous name, “Dogecoin.”
Dogecoin is decentralized and completely secure. Actually, Dogecoin poses an accessible and viable alternative to Bitcoin. The unique, vibrant, Dogecoin community has allowed DOGE to achieve something of a cult following. Dogecoin is based on Luckycoin, which ultimately stems from Litecoin.
|Price Change 24h||+1.25%|
|Price Change 7d||+94.96%|
|Market cap||$ 78,745,706,148|
|Circulating Supply||129.50B DOGE|
|Trading Volume||$ 21,825,161,472|
|All time high||$ 0.6953|
|All time low||$ 0.00008547|
Dogecoin: History Can Get Interesting Too
Dogecoin was created just for sheer with the mascot of the aforementioned Japanese dog by programmer Billy Markus and marketer Jackson Palmer in December 2013. Palmer left the company in 2015, but Markus remains its lead developer even today. Although it’s cloaked in a humorous veneer, Dogecoin’s developers have insisted that they take the project and their responsibility to users seriously over the years. As evidence, the company would even embark on some notable experiments in cryptocurrency design. Indeed, DOGE has proved its mettle too.
Dogecoin (DOGE): What is in this Name?
One of the most popular uses for Dogecoin is “tipping” fellow internet-goers who generate or share great content. It bears more value primarily due to its user-friendly system. No smart training, no special expertise required. It is easily compatible with your computer, smartphone, or website. Dogecoin is similar to buying any goods in supermarkets through credit cards. The only thing where Dogecoin (DOGE) stands apart is that it is used with a wallet to buy goods or services or buy Dogecoin with Bitcoin or fiat currencies.
Dogecoin was designed to be a friendly, more approachable form of cryptocurrency that could reach users put off by the cold complexity of Bitcoin. Even its name is taken from a popular Internet meme. A choice feature of Dogecoin today is as a tipping service. Users will tip other users for posts or contributions that they believe deserve recognition. It is a more influential way rather than just “like” on any social media platform that encourages other users to read the review and definitely be fascinated to buy Dogecoin.
Dogecoin Community: Talk of the Town
The touchstone of any of the leading coins is the popularity and fan wave that spins around them. The same holds true for DOGE price, too, as the adoption rate for Dogecoin is quite high. This digital currency’s dynamic and staunch value weaves an aura of the entire fan community that puts their faith in it. It is no surprise that the whole fanbase or community predicts that it would soon skyrocket in terms of price. This constitutes the main infrastructure of this asset, as the real Dogecoin value lies in the confidence the buyers have and the community support it gets. Hence, its Dogecoin adoption rate has increased.
DOGE might be among some of the most significant and most agile communities in the cryptocurrency world. Not only is the activity restricted to trading, but also this group of Dogecoin communities is noted for its philanthropic contribution as well. As per the Dogecoin news update, the currency has to merit major projects that it tends to fund. Dogecoin has succeeded in sponsoring a NASCAR. The DOGE community uses its size to support good causes all over the crypto space.
- In 2014, the Dogecoin community raised $50,000 to help send the Jamaican Bobsled team to the Sochi Winter Olympics.
- For World Water Day (March 22, 2014), loyal Shibes raised $30,000 to help build clean-water wells in the Tana Valley, Kenya.
- Shibes have even tried NASCAR (North American Stock Car Auto Racing). In March 2014, Shibes paid $55,000 to sponsor a driver named Josh Wise. Wise raced in a Dogecoin NASCAR-themed car.
Jackson Palmer, a creator of Dogecoin, believes, “Dogecoin’s success demonstrates how far cryptocurrency strayed from its original goals: I have a lot of faith in the Dogecoin core development team to keep the software stable and secure, but I think it says a lot about the state of the cryptocurrency space in general that a currency with a dog on it, which hasn’t released a software update in over two years, has a $1B+ market cap.”
Dogecoin (DOGE): Do Not Be a Pickpocket
Dogecoin (DOGE) price has immense potential. With the kind of fame rising, the presence of Dogecoin is vast in comparison to other competitors. Of course, a major reason for this is the significant advantages stated hereinabove. Using Dogecoin needs no special training under expert guidance. Most friendly to use, it brings real value for its users. It is now easy to bag your Dogecoin. So, usage of Dogecoin means power in the hands of the user.
Install the Dogecoin Wallet for easy and secure transactions and storage. Track the price of Dogecoin, convert it to any cryptocurrency, and keep your money safe even if you forget your private keys or lose your phone. The Dogecoin wallet powered by Freewallet combines all of the best features of cryptocurrency wallets. It is the most suitable, free app for any user, regardless of whether they are an experienced miner, crypto newbie, or trader. Outstanding security DOGE wallet is a digital hosted storage, which will give your assets the highest level of security available.
Your DOGE will be safe even if you lose your phone, as you can lock your account and retrieve your password. There are immense security packed features to be harvested too:
- PIN code lock
- 2-factor authentication
- Fingerprint Login
- Email confirmation for each transaction
In addition to protecting user accounts, Freewallet protects its own vault. A majority of protected currencies are stored offline in cold storage, ensuring their safekeeping.
What’s more? Users can refill their balance with almost any cryptocurrency and send it to almost any altcoin address. Transactions between users are free. In case you have a finger in trading, you can use an integrated cryptocurrency exchange to convert DOGE to almost any other coin.
Easy and comfortable to use, Dogecoin Wallet is a completely Free App with a friendly and beautiful interface. Download the app and login with your Email as username, Facebook, Google, or mobile phone number. Share your address via Twitter, Facebook, email, etc. Track Dogecoin’s real-time price charts and your balance in fiat currencies, check users’ transaction details via direct links to DOGE block explorers.
Excellent Support Dogecoin wallet is supported by 24/7 customer support and service. The app is available in a number of different languages, including Chinese, German, French, Spanish, Russian, and many more. The groundbreaking features facilitate users to open an account in 3 simple steps:
- Step 1: Get A Wallet.
- Step 2: Get Some Dogecoin.
- Step 3: Use Your Dogecoin.
- Last but not least, stay tuned—step 4.
You may want to store your crypto Dogecoin on the mobile wallet. This provides ease in navigation and is equipped with all the salient features you require, what’s more! It is downloadable on your Android and Apple devices and is FREE!
Dogecoin (DOGE): The Ingredient Weave
The main thing that separates Dogecoin from most other altcoins of the cryptocurrency market is inflation, rather than deflationary cryptocurrency. Bitcoin and many other cryptocurrencies are so formulated that they have a hard supply cap of currencies. The potential problem with this is that once the cap is reached, it may no longer be profitable for miners to continue to sustain the system. This leads to a rise in enormous high fees to encourage miners or very delayed or tardy transaction processes as there would be no objection to process network transactions.
A government or bank is a centralized institution that can physically print its own money. In contrast, coins, like Bitcoin, Dogecoin, etc., take a decentralized approach to produce new tokens, and its community creates DOGE. As conveyed hereinbefore, Auxiliary Proof of Work (POW) forms the basis behind the functioning of DOGE, enabling miners to process Dogecoin transactions by using their computing power to solve complicated equations. Once the equation is solved, a new block is added to the Dogecoin network, and the miner is rewarded with DOGE.
This reward system works as a two-pronged strategy. One, it encourages miners to allow computing power to complete transactions on the Dogecoin blockchain, and two, it regulates the creation of new DOGE, which is then distributed by miners.
Dogecoin Price Forecast: The Trends and Spirals: Bears and Bulls
When markets don’t make any sense, when fundamentals no longer seem to matter, it becomes clear the rules are being rewritten or even thrown out the window. We could be in the creative destruction phase that will give way to a new wave of innovation. And in that wave, new types of assets could have a respectable place in portfolios.
Meanwhile, however, the untethered nature of current price logic is disconcerting and a reminder that creative destruction can be vicious to those caught in the transition. Uncertainty is not good for trust, and a lack of trust is not good for progress. No wonder, unlike all cryptocurrencies, Dogecoin value too was susceptible to the high and lows of market value, i.e., price fluctuations.
As per the technical analysis, Dogecoin (DOGE) might too come in the baggage of volatility, so you need to watch out for your investment. You need to read the cryptocurrency price forecast and be alert. There is a fair Dogecoin future even though the history of storms and tempests in the cryptocurrency market exchanges. It would not be an exaggeration to say that it has notwithstanding endured all hailstorms despite coming off as a winner.
However, due to the pandemic, digital currencies have witnessed a massive volatility phase, and the Dogecoin is no exception. The overall crypto market capitalization has marked significant change, including Dogecoin’s market cap too. However, to be optimistic for Dogecoin technical analysis, it is important that we know the fluctuations in Dogecoin future price might be affected based on the short-term & the long-term price prediction.
In the last year, Dogecoin price action marked drastic changes along with its market capitalization. As per the recent price prediction, Dogecoin price has hit a new highs after significant bullish rally. The recent Dogecoin price fluctuations have surprised investors and traders.
In fact, the Dogecoin price forecast has been the cynosure of the media. The rapt attention garnered by the price of Dogecoin (DOGE) is primarily due to its change. The saga of price forecast that got woven around it had a surge in value, going to a market cap of over 8.0 billion dollars. These speculations has incited new investors to look for greener pastures in Dogecoin investment.
Now answering about the Dogecoin (DOGE) price forecast, how much the coin will be worth by the end of this year could be answered as the price of Dogecoin might hover around the $1 mark, where the maximum expected price might be $1. The minimum expected Dogecoin price would be around $0.9. It is likely to cross the $0.8 mark soon as the coin is constantly breaking the all time high, as this is the year of cryptocurrencies.
Dogecoin Price Chart
Dogecoin Price History
As per the last year, Dogecoin price prediction for why is Dogecoin going up from well-known analysts, DOGE is a profitable investment for the long-term (more than 5 years). Even Elon Musk has commented positively about Dogecoin on Twitter. As per the short-term 2020 Dogecoin predictions, the coin was about to breach $0.003. However, the currency has reflected moderately positive momentum and crossed $0.044.
Today, the Dogecoin price has marked a new all-time high. DOGE/USD has gained by almost 50% in the past 24 hours and by 150% in the past seven days. Its total market cap has surged to more than $85 billion and is now the fourth-biggest digital currency in the world. At the press time, the price of Dogecoin to USD trades around $0.66, and it is predicted that the coin will conquer new heights with in-between temporary plunges along with its market capitalization. And as per the present scenario, Dogecoin DOGE price might touch the $1 mark by the end of 2021.
However, one has not entirely to rely on rumors surrounding Dogecoin. Else there could be a possibility of massive loss. You need to monitor the price trends of Dogecoin very closely and astutely decide whether and when & where to buy Dogecoin to benefit from the right opportunity.
Dogecoin could be one of the few cryptocurrencies capable of being used as a practical currency rather than simply as a speculative asset. It has a circulating supply of 129,461,434,269 DOGE. Dogecoin price today is $0.66 with a 24-hour trading volume of $51,594,024,376.
According to Wallet Investor Dogecoin price predictions, traders can see positive momentum in the Dogecoin to USD price trend in the upcoming weeks. As per the common technical analysis and Dogecoin price prediction from Wallet Investor, a long-term increase is expected. The price prognosis for 2026 is $0.945. With 5-years investment in DOGE/USD, the revenue is expected to be around +86.33%.
Making a longer-term DOGE price prediction involves many factors for your investment. The Dogecoin DOGE asset price can touch a new all-time high. It is not enough just to review the Dogecoin price prediction or technical analysis for future investment. This is where the fundamental and technical analysis of DOGE comes into play.
Dogecoin Price Prediction for 2021
As per Dogecoin price prediction 2021, CryptoNewsZ data indicates that the DOGE price has stagnated for the past 1 year. The price of Dogecoin has been showing a tremendous growth over the last few days, recently Dogecoin price hits new all-time of $0.6953. Due to continuous celebrity support and also recently listed on eToro, it is predicted to continue significant growth in terms of price in the upcoming months.
As per the one-year Dogecoin forecast, the DOGE price is predicted to cross $1 by the end of 2021. The predicted high for 2021 might be around $1.07, and on the downside, the low might be around $0.91.
Dogecoin Price Prediction for 2022
Dogecoin price is expected to trade with bullish momentum and head towards $0.9 towards the end of 2022. As per the Dogecoin price prediction 2022, the price of Dogecoin (DOGE) might trade above $1 by the end of year. The predicted high for 2022 might be around $1.22, and on the downside, the low might be around $0.96.
Dogecoin Price Prediction for 2023
As per experts the price prediction of Dogecoin (DOGE) might continue the gradual upward trend. And as per our forecast data, by the end of 2023, it would be able to cross the $1.4. The predicted high for 2023 might be more than $1.45, and on the downside, the low might be around $1.12.
Dogecoin Price Prediction for 2024
As per the DOGE price prediction for 2024, the price might reach $1.70 by the end of 2024. As per our prediction & price forecast, the predicted high for 2024 might be around $1.74, and on the downside, the low might be around $1.40.
Dogecoin Price Prediction for 2025
As per our Dogecoin price prediction 2025, the coin might be able to touch the $2 price mark on the upside, while on the downside, it might fall up to $1.5. As per our DOGE price prediction & forecast update, the currency price might trade around $1.96 by the end of 2025.
A custom algorithm based on deep learning also gives powerful insights for your investment that help us decide if DOGE could be a good portfolio addition for the future. These predictions take several variables into account, such as volume changes, price changes, market cycles, similar currencies. The future price increase of DOGE/USD is predicted around $1 after 1 year, according to our long-term price prediction Dogecoin.
Will Dogecoin ever hit $1?
According to current trend, it looks like Dogecoin price will cross $1 before the end of this year. There could also be some new features getting added time and again to Dogecoin that allow you to plan a better payment method. These kinds of announcements tend to lead to an increase in a cryptocurrency’s value.
Given the pandemic scenario, you could expect abrupt Dogecoin market changes with lots of peaks and troughs. On a medium- to long-term price analysis, Dogecoin has been on a general upward trend, like many other cryptocurrencies. With intermittent stony paths, the mainstream indication for traders is that Dogecoin has been a very active performer.
However, it is a good opportunity for beginner to experienced traders that they should bet on Dogecoin price reach 1 US dollar. Even Dogecoin’s creator, Jackson Palmer, has expressed his concern about the forces driving Dogecoin’s success as per his statement quoted above. In January, he argued that, while Dogecoin is technically sound, it shows that traders aren’t doing their due diligence.
The Dogecoin price prediction 2030 certainly looks promising as the digital currency displays fairly strong fundamentals for future investment. Partnerships and collaborations will add more value to the retail chains, leading to improved cryptocurrency adoption and predictions. The positive Dogecoin price predictions for the next decade forecasts that DOGE price might reach the $3 mark.
It can’t be ignored as the fact that Dogecoin offers the advantages of being a fixed inflationary currency, which makes it synonymous with real-world fiat currency. This unique characteristic allows Dogecoin users not to hoard the assets tangibly and bank on more liquidity since they actively trade and use their currencies.
However, it is to be seen that more and more people are becoming aware and at the same time vulnerable about their investments as markets too are becoming more and more competitive. Some faith riders have poured in their confidence in coins and ride high stallions. With a lot of money driving the crypto market wave and developments, Dogecoin’s future may see a surge in its current price.
Who would have known otherwise that, what started as an internet meme, will soon dominate the entire crypto world? Don’t you think by keeping Dogecoin safe in your wallet, you are exactly securing your future too. Have your Dogecoins always with you?
Dogecoin (DOGE): Frequently Asked Questions
Is it worth investing in Dogecoin?
Yes, Dogecoin is one of the best investment options for the long term as per the recent optimism after Elon Musk’s tweets influence the DOGE/USD price.
What will Dogecoin be worth in 2030?
The year 2030 will be best for Dogecoin according to major forecasts. Also it’s too early to say about Dogecoin forecast for 2030 at this moment, but according to the current trend, it looks like it’s definitely going to reach between $1.9 to $2.3.
Where and how to buy Dogecoin?
To buy Dogecoin, you have multiple options like Dogecoin wallets, cryptocurrency exchanges, PayPal, exchange with other coins, etc.
How much is Dogecoin worth in 2025?
Over the next 5 years, Dogecoin is likely to breach its recent high of around $1. It has the potential to cross $1.5 if it doesn’t come across any conflicts. CryptoNewsZ’s Dogecoin price prediction suggests that the DOGE price will record positive momentum in the long-term.
How to mine Dogecoin (DOGE)?
There are two ways to mine Dogecoin, by yourself or in a Dogecoin mining pool. The major advantage of solo mining is that miners will get the whole reward while it has its drawback of waiting time for transaction confirmation. On the other side, in the Dogecoin mining pool, waiting time is less compared to solo mining. Dogecoin mining differs from other cryptocurrencies in terms of Mining difficulty. It can go up or down depending on how many miners are there.