The live Dogecoin price today is $0.077051 USD with a 24-hour trading volume of $463,655,204 USD.Get detailed Dogecoin price news, analysis and more on BitcoinLFG.
Dogecoin is an open source peer-to-peer cryptocurrency that utilises blockchain technology, a highly secure decentralised system of storing information as a public ledger that is maintained by a network of computers.
More Than 54% Of Addresses Holding DOGE Are In Profit
Almost 54% of addresses holding the meme coin are in profit at the moment. This figure corresponds to a total of 2.33 million addresses, leaving just about 41% in loss.This metric makes it evident that despite the gloom covering the industry in the past three months, the addresses that held onto their DOGE are largely being rewarded.According to blockchain data, there are currently 590 Dogecoin addresses that contain at least $1,000,000 worth of DOGE.
Moreover, there are 73 Dogecoin addresses that contain more than $10 million and 8 addresses that contain over $1 billion.At the time of writing, 14 addresses hold more than 1 billion DOGE coins, most of which belong to exchanges. Interestingly, the largest number of addresses hold 1 to 10 DOGE, with more than 1.1 million individual addresses. The price of Dogecoin (DOGE) has steadily increased over the years, and it is anticipated that Dogecoin (DOGE) will continue to dominate the memecoins.
Dogecoin has remained a popular tipping coin. With its status as the first meme coin and the support of influential figures, it currently ranks among the top 10 largest cryptocurrencies by market capitalisation.Dogecoin (DOGE) continues to hold a large presence in the crypto market.Dogecoin (DOGE) has formed a strong online community since its introduction, and captured the world’s attention when Tesla founder, Elon Musk, showed public support for it.Data from coin ranking site CoinMarketCap reveals that Dogecoin’s value currently stands at $10 billion.
Dogecoin is a cryptocurrency that has a fast block time, unlimited supply, and a strong and friendly community.Dogecoin has a number of unique features compared to other cryptocurrencies.Dogecoin has no limit on the number of coins that can be mined. Dogecoin (DOGE) transaction speeds and cheap transaction fees are two of its advantages, making Dogecoin (DOGE) a preferred alternative for micropayments and minor transactions.
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Dogecoin is also known for its friendly and welcoming community. The Dogecoin community is active on social media and Reddit, and they are known for their charitable acts, such as raising funds for various causes, such as sending the Jamaican bobsled team to the Winter Olympics and building wells in developing countries.Each time Elon Musk mentions cryptocurrency adoption on Twitter, there is a significant surge in transactions and purchases of DOGE.
What is Dogecoin?
Dogecoin began as something of a joke, or a meme coin, poking fun at the perceived absurdity of cryptocurrency. Launched in 2014 by Jackson Palmer and Billy Markus, no one expected Dogecoin to become a legitimate cryptocurrency at the time of its creation.Dogecoin is named such because of the viral “doge” meme that was incredibly popular online when Dogecoin was founded. The coin’s logo is the infamous doge image itself. A funny crypto based on a funny meme.
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