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Dogecoin
Dogecoin (DOGE) is a type of digital crypto currency, utilizing peer-to-peer transactions, mining and other technological feats into a modern day asset. Use this page to follow news and updates regarding Dogecoin price, create alerts, follow analysis and opinion and get real time market data. Find here all you need to know about the cryptocurrency Dogecoin.
Investing.com
0.174085
+0.005059(+2.99%)
Real-time Data
Day's Range
0.171290
0.175064
52 wk Range
0.080549
0.483816
Day's Range
0.1712900.175064
52 wk Range
0.0805490.483816
- Bid/Ask
- -
- Vol (24H)
- 1.04B
- Market Cap
- 25.96B
- Day's Range
- 0.17129-0.175064
- 52 wk Range
- 0.080549-0.483816
- Max Supply
- -
- Circulating Supply
- DOGE148.43B
- Rank
- 9
Type:Currency
Group:Minor
Base:Dogecoin
Second:US Dollar
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FAQ
How To Buy Dogecoin
To buy Dogecoin (DOGE), start by choosing a reputable cryptocurrency exchange that supports DOGE, such as Binance, Coinbase, Kraken, KuCoin, or Robinhood. Once you've selected a platform, create an account and then deposit funds into your account using fiat currency (e.g., GBP, USD, or EUR) via a supported payment method. Some exchanges also allow you to trade Dogecoin using cryptocurrencies like Bitcoin or Ethereum.
After funding your account, locate Dogecoin (DOGE) on the exchange and select the desired trading pair, such as DOGE/USD or DOGE/BTC. Enter the amount you wish to purchase and place a market or limit order. Once the transaction is complete, the Dogecoin will appear in your exchange wallet. For added security, transfer your DOGE to a personal wallet, such as a hardware wallet or trusted software wallet like Trust Wallet or Ledger, to protect your investment from potential exchange vulnerabilities.
You can also buy Dogecoin via peer-to-peer platforms or by using a cryptocurrency ATM.
After funding your account, locate Dogecoin (DOGE) on the exchange and select the desired trading pair, such as DOGE/USD or DOGE/BTC. Enter the amount you wish to purchase and place a market or limit order. Once the transaction is complete, the Dogecoin will appear in your exchange wallet. For added security, transfer your DOGE to a personal wallet, such as a hardware wallet or trusted software wallet like Trust Wallet or Ledger, to protect your investment from potential exchange vulnerabilities.
You can also buy Dogecoin via peer-to-peer platforms or by using a cryptocurrency ATM.
What Is Dogecoin (DOGE)?
Dogecoin (DOGE) is a cryptocurrency that started as a lighthearted parody of Bitcoin but has since evolved into a widely recognised digital asset.
Unlike Bitcoin, Dogecoin does not have a capped supply, meaning there is no limit to how many DOGE can be created. This makes it an inflationary currency, which is often used for tipping content creators, charitable donations, and microtransactions. Its low cost and accessibility have contributed to its popularity, particularly among retail investors and social media communities.
While originally created as a joke, Dogecoin has seen significant attention and price surges, often driven by endorsements from public figures like Elon Musk and Mark Cuban. Today, it continues to be a popular cryptocurrency for both practical use and speculative trading.
Discover more about cryptocurrency and how it works in our Investing Academy.
Unlike Bitcoin, Dogecoin does not have a capped supply, meaning there is no limit to how many DOGE can be created. This makes it an inflationary currency, which is often used for tipping content creators, charitable donations, and microtransactions. Its low cost and accessibility have contributed to its popularity, particularly among retail investors and social media communities.
While originally created as a joke, Dogecoin has seen significant attention and price surges, often driven by endorsements from public figures like Elon Musk and Mark Cuban. Today, it continues to be a popular cryptocurrency for both practical use and speculative trading.
Discover more about cryptocurrency and how it works in our Investing Academy.
How To Mine Dogecoin
To mine Dogecoin (DOGE), you’ll need the right hardware, software, and a strategy for contributing to the blockchain. Dogecoin uses the Scrypt algorithm, which is less resource-intensive than the Bitcoin mining process. You can choose between three mining methods: solo mining, where you mine independently but need powerful hardware; pool mining, where you join a group of miners and share rewards for a steady income; and cloud mining, where you rent mining power from a provider, reducing the need for hardware but incurring fees.
For mining hardware, a GPU (Graphics Processing Unit) or an ASIC miner optimised for Scrypt is recommended for efficiency. Once you have the hardware, install mining software such as CGMiner, EasyMiner, or MultiMiner to connect to the blockchain or a mining pool. If you opt for a mining pool, reliable options like AikaPool, Prohashing, or Multipool allow you to earn rewards more frequently by sharing computing power with other miners.
You’ll also need a Dogecoin wallet to store your earnings securely. Once your hardware, software, and wallet are set up, you can begin mining. Consider factors like electricity costs, hardware capabilities, and the current market value of DOGE to evaluate the profitability of mining Dogecoin.
For mining hardware, a GPU (Graphics Processing Unit) or an ASIC miner optimised for Scrypt is recommended for efficiency. Once you have the hardware, install mining software such as CGMiner, EasyMiner, or MultiMiner to connect to the blockchain or a mining pool. If you opt for a mining pool, reliable options like AikaPool, Prohashing, or Multipool allow you to earn rewards more frequently by sharing computing power with other miners.
You’ll also need a Dogecoin wallet to store your earnings securely. Once your hardware, software, and wallet are set up, you can begin mining. Consider factors like electricity costs, hardware capabilities, and the current market value of DOGE to evaluate the profitability of mining Dogecoin.
How Does Dogecoin (DOGE) Work?
Dogecoin (DOGE) is a decentralised cryptocurrency that operates on its own blockchain, enabling peer-to-peer transactions without the need for intermediaries. Built as a fork of Litecoin, Dogecoin uses the Scrypt algorithm for its proof-of-work (PoW) consensus mechanism. This algorithm is less energy-intensive than Bitcoin's, allowing faster block times—approximately 1 minute per block—and lower transaction fees.
Dogecoin's network processes and validates transactions through a network of miners who solve complex mathematical problems to add new blocks to the blockchain. In return, miners are rewarded with DOGE, which encourages them to maintain the network's security and efficiency. Unlike Bitcoin, Dogecoin has no maximum supply cap, meaning it is an inflationary cryptocurrency with over 5 billion new DOGE introduced annually. This design helps maintain liquidity but also affects scarcity, making it less of a store of value and more of a transactional currency.
Primarily, Dogecoin is used for tipping content creators, charitable donations, and low-cost transactions. Its fast, efficient blockchain and active community have contributed to its widespread adoption for everyday payments and microtransactions, while its inflationary nature ensures a steady supply for ongoing use.
Dogecoin's network processes and validates transactions through a network of miners who solve complex mathematical problems to add new blocks to the blockchain. In return, miners are rewarded with DOGE, which encourages them to maintain the network's security and efficiency. Unlike Bitcoin, Dogecoin has no maximum supply cap, meaning it is an inflationary cryptocurrency with over 5 billion new DOGE introduced annually. This design helps maintain liquidity but also affects scarcity, making it less of a store of value and more of a transactional currency.
Primarily, Dogecoin is used for tipping content creators, charitable donations, and low-cost transactions. Its fast, efficient blockchain and active community have contributed to its widespread adoption for everyday payments and microtransactions, while its inflationary nature ensures a steady supply for ongoing use.
Which Dogecoin Wallet Should I Use?
The best Dogecoin wallet depends on your needs for security, accessibility, and ease of use. For maximum security, hardware wallets like Ledger Nano X or Trezor store your Dogecoin offline and are ideal for long-term investors or large holdings. Desktop wallets such as the official Dogecoin Core Wallet or Exodus Wallet provide strong security and are suitable for managing DOGE on a computer, with the Dogecoin Core Wallet also allowing users to run a full node. For convenience, mobile wallets like Trust Wallet or Coinomi let you store and manage DOGE on the go. Alternatively, exchange-based wallets on platforms like Binance or Coinbase are useful for active traders but less secure than personal wallets.
Always enable two-factor authentication and back up recovery keys to safeguard your DOGE.
Always enable two-factor authentication and back up recovery keys to safeguard your DOGE.
Who Created Dogecoin (DOGE)?
Dogecoin was started in 2013 by software engineers Billy Markus and Jackson Palmer. DOGE was inspired by the popular “Doge” meme featuring a Shiba Inu dog. According to the founders, Dogecoin was conceived as a fun, light-hearted cryptocurrency that would enable greater appeal than the Bitcoin audience, given its link to the popular dog meme.
Despite its humorous origins, Dogecoin gained traction due to its active community, low transaction fees, and fast transaction times compared to Bitcoin.
Despite its humorous origins, Dogecoin gained traction due to its active community, low transaction fees, and fast transaction times compared to Bitcoin.
How To Sell Dogecoin
To sell Dogecoin, first choose a cryptocurrency exchange or platform that supports DOGE. If your DOGE is stored in a private wallet, transfer it to the exchange by depositing it into your account. Once your Dogecoin is in the exchange wallet, navigate to the trading section and select the appropriate trading pair, such as DOGE/USD, DOGE/EUR, or DOGE/BTC. Enter the amount of Dogecoin you want to sell and choose between a market order, which sells instantly at the current market price, or a limit order, which allows you to set your desired selling price.
After completing the transaction, the proceeds will be credited to your exchange account. From there, you can withdraw the funds to your bank account if selling for fiat currency, or transfer them to another wallet if you converted DOGE to another cryptocurrency. Always verify withdrawal details to avoid errors and ensure you comply with any platform-specific fees or limits.
After completing the transaction, the proceeds will be credited to your exchange account. From there, you can withdraw the funds to your bank account if selling for fiat currency, or transfer them to another wallet if you converted DOGE to another cryptocurrency. Always verify withdrawal details to avoid errors and ensure you comply with any platform-specific fees or limits.
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
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