Dogecoin Project Overview
Dogecoin (DOGE), often referred to as the "meme cryptocurrency," was launched on December 8, 2013. Built on the Scrypt algorithm, it quickly became the second-largest cryptocurrency by user base after Bitcoin.
Key Milestones:
- Explosive Growth: Dogecoin gained traction through Reddit, where its Shiba Inu mascot became a viral sensation.
- Fair Distribution: With no pre-mining, DOGE was distributed fairly, fostering a strong community culture around tipping and charity.
- User Adoption: By June 2015, Dogecoin boasted 160,000 client addresses—5x more than Litecoin—and 83,000 active addresses, surpassing Litecoin's 11,000.
- Social Media Presence: DOGE had 150,000 Twitter followers (1.7x Bitcoin's at the time) and Facebook engagement on par with Bitcoin.
👉 Discover how to trade DOGE with low fees
Dogecoin (DOGE) Token Details
| Attribute | Value |
|---|---|
| Token Symbol | DOGE |
| Withdrawal | Enabled |
| Chinese Name | 狗狗幣 (Dogecoin) |
| Deposit Status | Enabled |
| Launch Date | December 12, 2013 |
| Trading Status | Active |
| Initial Price | $0.000559 USD |
| Total Supply | 149,949,666,383.70526 DOGE |
Dogecoin-to-Fiat Calculator
Convert DOGE to fiat currencies effortlessly with real-time rates. Whether you're buying, selling, or tracking market trends, our tool provides instant results:
- Select DOGE or another cryptocurrency.
- Enter the amount.
- Choose your preferred fiat currency (USD, EUR, etc.).
Frequently Asked Questions (FAQs)
1. Is Dogecoin a good investment?
While DOGE started as a joke, its strong community and occasional price surges make it a speculative asset. Always research before investing.
2. Where can I buy Dogecoin?
DOGE is available on major exchanges like OKX, Binance, and Coinbase.
3. How does Dogecoin differ from Bitcoin?
- Algorithm: DOGE uses Scrypt; Bitcoin uses SHA-256.
- Supply: DOGE has an inflationary supply (5 billion new coins/year); Bitcoin is capped at 21 million.
4. Can I use Dogecoin for payments?
Yes! Many merchants accept DOGE for tipping, donations, and purchases.
5. What drives Dogecoin’s price?
Factors include social media trends (e.g., Elon Musk’s tweets), crypto market sentiment, and adoption updates.
6. How do I store Dogecoin safely?
Use hardware wallets (Ledger, Trezor) or reputable software wallets like Trust Wallet.
By leveraging Dogecoin’s unique blend of humor and utility, you can navigate its ecosystem with confidence. Whether trading, holding, or spending, DOGE remains a standout in the crypto world.