Dogecoin (DOGE) / USD
$0.066121 9.55%up Dogecoin current price is $0.066121 with a marketcap of 8.77 B. Its price is 9.55% up in last 24 hours.
Dogecoin has its roots in Litecoin and was created as a humorous take or response to the famous and widely popular Shiba Inu (the Japanese dog) meme doing the rounds all over social media. Since then, it has adopted the Shiba Inu as its mascot and evolved into a widespread digital asset. The coin uses the cryptographic algorithms of ‘scrypt.’ Dogecoin is based on two main features: minimal costs and no curbs on the supply. It was founded in 2013 by Billy Markus and Jackson Palmer and is based on the proof-of-work (PoW) technology deployed by Litecoin. The crypto asset has gained a strong community since its inception. Many of its users employ the coinage as a tipping currency, especially for content based on social media, such as Reddit and Twitter. Dogecoin is dubbed as the more fun and versatile counterpart of Bitcoin. Since there is an unlimited supply, Dogecoins and they are part of ‘inflationary crypto assets.’ In comparison, Bitcoin has deflationary dynamics due to its capped supply. The coin developers primarily volunteer from within the Dogecoin network and form its dynamic society of miners. Owing to the connection between Litecoin and Dogecoin (both use the same PoW base), users who mine the former usually indulge in mining the latter, reducing efforts and increasing profits.
Future and potential of Dogecoin:
Elon Musk has publicly expressed his interest in Dogecoin in 2021, as he announced his work in improving the efficacy of transacting with the digital asset in conjunction with its developers. Musk has even gone as far as to claim that Dogecoin is his favorite crypto asset. Overall, Dogecoin is considered a safer crypto asset investment option due to its recognition by specific high-profile individuals and entities that have made its market cap soar. Like any other digital asset based on blockchain, it becomes almost impossible to hack from the security aspect. All this, combined with the seemingly extensive worldwide adoption rate, makes the crypto asset a stable opportunity. To further enhance the capability of Dogecoin, several industry veterans were added to its board when the foundation was re-launched in 2021. The restructuring was done to bring in varied perspectives on reaching the coin’s full potential and ensuring that the direction in which it is progressing is in line to facilitate mass adoption. A vital aim of Dogecoin is to raise funds that will help create a leeway of three years. During this term, a full-time and dedicated team will be employed for Dogecoin as a step-up from the current volunteer-driven community of workers. Industry experts deem this a positive move and expect the crypto asset foundation to bring about constructive changes in the coming years.
How to buy Dogecoin?
You can get started with just a few easy steps:
- Register on ZebPay crypto exchange, and create an account.
- As standard verification, upload your documents and complete the KYC process.
- Choose the amount of money you want to invest and load your virtual wallet.
- Buy Dogecoin with the deposited funds.
Why Buy Dogecoin With ZebPay?
- It is suggested to register on an exchange like ZebPay as they have been around right from the start of the crypto revolution in 2014 and have experience in better navigating the markets compared to the newer platforms.
- Market cap $8.77 B 0.91 % of Crypto Market
- Volume (24h) $811.56 M 310.22%
- 52 Week Low $0.049720
- 52 Week High $0.34
- All Time Low $0.000085
- All Time High $0.74
- Total Supply 132.67 B
- Max Supply n/a
- Circulating Supply 132.67 B
- CMC Rank 10
- 7D% Change 9.12%
- Returns YTD %