Dogecoin
DOGE
About Dogecoin
Dogecoin (DOGE) was created in 2013 as a lighthearted alternative to traditional cryptocurrencies like Bitcoin. The Dogecoin name and Shiba Inu logo are based on a meme. Unlike Bitcoin, which is designed to be scarce, Dogecoin is intentionally abundant — 10,000 new coins are mined every minute and there is no maximum supply.
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Dogecoin (DOGE) is an open-source, peer-to-peer digital asset inspired by the popular "doge" internet meme featuring a Shiba Inu dog. Created by Billy Markus and Jackson Palmer, Dogecoin was introduced in December 2013 as an alternative to Bitcoin, with the intention to reach a broader audience. Unlike Bitcoin, which was designed to be scarce, Dogecoin is intentionally abundant — with 10,000 new coins mined every minute and no maximum supply. The creators envisioned Dogecoin as a friendly digital asset, and this ethos is encapsulated in its unofficial tagline: "Do Only Good Everyday". Dogecoin operates on blockchain technology, a decentralized system that records transactions on a public ledger maintained by a network of computers or nodes. For most of its existence, Dogecoin (pronounced "dohj coin") was considered to be an amusing "memecoin" beloved by its community — but with relatively little value. That changed in 2021, when DOGE became one of the larger cryptocurrencies by market cap — with a total value that topped $80 billion in 2021, even though each individual coin is worth pennies.
Dogecoin operates on a technology called blockchain, similar to other digital assets. This technology is a decentralized system that records information on a public ledger maintained by a network of computers known as nodes. The altcoin also has a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be created.
Dogecoin was created in December 2013 by Billy Markus, a programmer from Portland, Oregon, and Jackson Palmer, a marketer from Sydney, Australia. The creators intended Dogecoin to be a friendly, light-hearted digital asset that would appeal to more than just the core Bitcoin audience. The Dogecoin logo, featuring a Shiba Inu dog, was inspired by the popular "doge" internet meme. In 2014, a non-profit foundation was formed to provide support and governance for the Dogecoin project. After several years of inactivity, the foundation was relaunched in 2021 with a renewed focus on supporting the Dogecoin ecosystem and promoting the future of the Dogecoin blockchain.
Like many prominent cryptocurrencies, including Bitcoin and Ethereum, Dogecoin is also secured by mining. Thousands of computers around the world compete to mine Dogecoin in order to share the millions of new coins added to the supply per day while also validating and processing network transactions. Early in Dogecoin's history, any computer could be useful for mining DOGE. As its popularity has surged, however, mining competition has increased, making it difficult for small-scale miners with regular hardware.
In 2021, Dogecoin experienced a significant price run-up as personalities like Mark Cuban, Snoop Dogg, and Elon Musk expressed their interest in Dogecoin. Musk even went so far as to joke, "The most entertaining outcome and the most ironic outcome would be that dogecoin becomes the currency of Earth in the future."
You can buy, sell, hold, send, and receive DOGE using Coinbase and several other financial technology companies.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Market
Portugal Market Stats
€21.3B
€458.2M
144.5B DOGE
88 days
#8
€0.68
Portugal Market performance
-0.37%
+0.89%
-8.48%
+2.93%
+23.62%
+122.32%
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Social
Some highlights about Dogecoin on social media
52,889 unique individuals are talking about Dogecoin and it is ranked #11 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Dogecoin has an average sentiment score of 3.1 out of 5. Finally, Dogecoin is becoming less newsworthy, with 25 news articles published about Dogecoin. This is a 10% decrease in news volume compared to yesterday.
On Twitter, people are mostly neutral about Dogecoin. There were 7.91% of tweets with bullish sentiment compared to 3.9% of tweets with a bearish sentiment about Dogecoin. 88.19% of tweets were neutral about Dogecoin. These sentiments are based on 32436 tweets.
On Reddit, Dogecoin was mentioned in 687 Reddit posts and there were 1242 comments about Dogecoin. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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