Dogecoin Price

Follow the Dogecoin price in euro, dollar and pound

In the above widget, you can find the current Dogecoin price in US dollars, Euros, and British Pound. The current view of the chart is the monthly view. You can change the time frame of the chart view by changing the time in the top right corner. You can choose 1D, 7D, 1M, 3M, 6M, and 1Y time frame.

If you need the price information for a specific time interval, then you can change the current dates in the top left corner to your desired dates. You can find the trading volume of the coin at the bottom of the widget.

DOGE price in euros, dollars and pounds

Are you looking for information related to the Dogecoin price in one place? Great. We provide you mainstream information about the price in the widget below. You can find the value of the coin in three different currencies. The difference in daily, monthly, and weekly prices can be seen in the same widget. Also, if you are interested in the market cap and trading volume then you can check it below. More information about the open and close price, highest and lowest price in the last 24 hours is available in the table.

Note: There can be a difference of a few dollars and euros in prices, because the price data is provided by two different companies.

The history of Dogecoin’s price

Dogecoin has been around since December 2013. The cryptocurrency was created by a member of the Adobe Systems’ marketing team Jackson Palmer and American programmer Billy Markus. The duo named the currency based on a famous meme of that time. They wanted to approach a broader audience and kept the currency a fun project for the community. The whole project is based on a joke.

Even in the initial days, the Dogecoin price gained a significant rise and touched a market capitalization of $8.79 million. It is fairly good capitalization for a new project. Things kept going well for the cryptocurrency and at the end of 2014, the market capitalization reached a massive $61 million.

The fundamental vision of the company was to provide a user-friendly platform to person transactions easily. There’s nothing about innovation in technology, solving real world problems or adding something new to the market. This is the power of simplicity.

The block time of Dogecoin is 1 minute and roughly 5.26B coins are added every year to the circulation. If you look at the circulation of coins, it is close to 125.5 million.

The Dogecoin team knows how to divert attention to them so, they always find a way to do that. Dogecoin raised 25,000 US dollars to support Jamaican team that qualified for Olympic games and could not afford the traveling cost. This news caused the Dogecoin price to rise by 50%.

In July 2020, Elon Musk tweeted a Dogecoin meme, and the Dogecoin value increased by 20%. This is because of a single tweet by the futuristic and innovative guy Elon Musk. In the same month, a random guy asked to pump the price to price to $1. This did not happen, but the price increased to $0.005 a coin, due to a single TikTok. The pump and dump of DOGE are due to the low liquidity. If the currency had a higher liquidity, then it was a lot harder to influence the price.

The Dogecoin price remained in the range of $0.0001 – $0.0004 for a little less than two years between 2015 and 2017. The DOGE value jumped in mid-2017 when it traded at $0.0037 a whopping 251% increase in a single month.

The all-time high price was recorded in 2017 at $0.0175 which is 1442% higher than its price a couple of months earlier.

Dogecoin never went away from its meme culture and some booms in the past happened due to the same culture and its followers. This makes the conversations fun and light, and that what its creators set out to do.

Dogecoin historical prices

Here you can find all the relevant information related to the historical Dogecoin price. You can find the weeklong change in price, trading volume and percentage of change in the price of DOGE in the table below to get a better understanding of the performance of the coin in the market.

How is the Dogecoin price established?

For any product or asset, price is established through its supply and demand. Generally, assets with a higher price have higher demand in the market and those with the lower price does not have much demand in the industry, but the supply is more than required. Majority of the time the price pump happened due to a low supply of circulating coins in the market. If there is enough liquidity on exchanges, then it becomes difficult to manipulate the price with forceful purchase and sale of the tokens suddenly.

Despite the real risks, investors are not backing out of investing in digital currencies. There have been other projects that could not raise a fraction of the money what cryptocurrencies managed to do. Many celebrities are promoting and participating in cryptocurrencies’ offerings. For instance, Floyd Mayweather and rapper The Game have already recommended various coins.

The reputation of coin matters a lot in establishing a price, reputation is formed when there are strong security measures are in place, and no hacks or scam incidences happend on the platform.

Dogecoin price prediction

It is impossible to predict the future. However, some analysts can guess the price somewhat close to reality based on reliable data and by interpreting market behavior and patterns. Though, if you hear someone telling you that certain cryptocurrency will touch a specific price in 1 month, then be aware he/she might be misleading you. There is no way to predict the value of cryptocurrencies because these are volatile assets. The price can change without leaving much tracing pattern and can be influenced by factors that are impossible to predict.

What do you need to take into account with the Dogecoin price?

Not only Dogecoin, but all cryptocurrencies are very risky. There are many assets in various markets that are not as much risky as digital currencies. If you are looking for some stable investments, then better invest in something else. By investing in cryptocurrencies you can lose all the money that you have invested, as well as you can earn a huge profit. So, make sure you have all the required and accurate information before you invest in any cryptocurrency.

Caution: Do not invest in cryptocurrencies more than you can afford to lose. You will find many stories of people losing money in cryptocurrencies. It is not a good investment for risk-averse people.

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