Dogecoin (DOGE) Price

$0.17

Dogecoin (DOGE) Price Today

The live price of Dogecoin is $0.17 USD. In the past 24 hours, the trading volume of Dogecoin was $1.2B USD, with a change of -1.07%. The current live price of Dogecoin has changed by -6.72% from its 7-day high of $0.19 USD and by +5.39% from its 7-day low of $0.17 USD. With a circulating supply of $149,051,676,383.71 DOGE, the market cap of Dogecoin is currently $26.8B USD, marking a -0.09% change in the last 24 hours. Dogecoin currently ranks 8 by market capitalization.

Dogecoin (DOGE) Market Data

Market Cap

$26.7B

24h Volume

$1.2B

Circulating Supply

149B DOGE

Maximum Supply

Fully Diluted Market Cap

$26.7B

Liquidity Indicator

4.49%

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About Dogecoin (DOGE)

What Is Dogecoin (DOGE) and How Did It Start?

Dogecoin (DOGE) is a decentralized, peer-to-peer cryptocurrency that originated as a lighthearted satire of the burgeoning cryptocurrency market. Created by software engineers Billy Markus and Jackson Palmer, Dogecoin was officially launched on December 6, 2013. The name and Shiba Inu logo are based on a popular internet meme, reflecting its origins as a "joke" currency.

Despite its humorous beginnings, Dogecoin quickly developed a vibrant online community and gained traction as a digital currency. Its open-source code is based on Litecoin, utilizing a Scrypt-based proof-of-work algorithm. Unlike Bitcoin, which has a capped supply, Dogecoin has an unlimited supply, with approximately 10,000 new coins mined every minute.

Over the years, Dogecoin has been used for various purposes, including tipping content creators online, charitable donations, and even funding a lunar mission by SpaceX. Its popularity has been bolstered by endorsements from high-profile individuals, such as Elon Musk, and its active community.

What Is DOGE Coin Used for Today?

Dogecoin (DOGE) has evolved from its meme-inspired origins into a versatile cryptocurrency with various real-world applications. Today, DOGE is commonly used for:

1. Tipping Content Creators: DOGE facilitates microtransactions on platforms like Reddit and X, allowing users to tip others for valuable content.

2. Charitable Donations: The Dogecoin community has a history of supporting charitable causes, such as funding the Jamaican bobsled team's participation in the 2014 Winter Olympics and contributing to clean water projects.

3. Payments for Goods and Services: Some merchants accept DOGE as payment, including Tesla, which has accepted DOGE for select merchandise.

4. Investment Opportunities: Financial institutions like Grayscale have launched Dogecoin-focused funds, providing investors with exposure to DOGE as part of diversified crypto portfolios.

To trade DOGE on BingX's spot market, log in to your BingX account, navigate to the "Spot" section, and select the DOGE/USDT trading pair. From there, you can place market or limit orders to buy or sell Dogecoin directly.

How to Mine DOGE Coins on Dogecoin Network

Mining Dogecoin (DOGE) in 2025 remains a viable endeavor, especially with the right hardware and setup. Here's a comprehensive guide to help you get started:

1. Understand the Basics of Mining Dogecoin: Dogecoin uses a Proof-of-Work (PoW) system with the Scrypt algorithm. You can mine DOGE solo or via merged mining with Litecoin (LTC) for better efficiency.

2. Choose Mining Hardware: ASIC miners like the Antminer L3++ are best for DOGE mining. GPU mining is possible but less profitable.

3. Set Up a Wallet: Use a secure wallet like Dogecoin Core or a hardware wallet (e.g., Ledger) to store your mined DOGE.

4. Install Mining Software: Popular options include CGMiner, EasyMiner, and MultiMiner. Configure it with your wallet address and mining pool info.

5. Join a Dogecoin Mining Pool: Pools like Prohashing or Multipool offer better, more consistent rewards than solo mining.

6. Start Mining: Connect your hardware, run the mining software, and monitor performance. You’ll earn DOGE over time based on your hash rate and pool contribution.Mining profitability depends on your setup, power costs, and DOGE market price.

How Many Dogecoins Exist?

Dogecoin (DOGE) features a distinctive tokenomic model that sets it apart from many other cryptocurrencies. Unlike Bitcoin's capped supply of 21 million coins, Dogecoin has no maximum supply limit. It was initially designed with a cap of 100 billion coins, but this limit was removed in 2014 to allow for continuous issuance.

Dogecoin employs a PoW consensus mechanism, utilizing the Scrypt algorithm. This allows for merged mining with Litecoin, enabling miners to simultaneously mine both cryptocurrencies. Blocks are generated every 1 minute, with a fixed reward of 10,000 DOGE per block.

Dogecoin adds approximately 5 billion new coins to its circulating supply each year, equating to about 10,000 DOGE per minute. While the absolute number of new coins remains constant annually, the inflation rate decreases over time as the total supply grows. As of November 2024, the inflation rate stood at approximately 3.4%.

This predictable and diminishing inflation rate is considered by proponents, including Elon Musk, as a feature that supports Dogecoin's utility as a transactional currency. The inflationary model is designed to encourage spending rather than hoarding, aligning with Dogecoin's original intent as a fun and accessible digital currency for everyday transactions.

Is Dogecoin a Good Investment?

Dogecoin (DOGE) offers several advantages as a cryptocurrency investment. Despite being a memecoin, its strong community support, low transaction fees, and fast processing times make it ideal for microtransactions, tipping, and everyday use. Over the years, it has evolved from a meme coin into a widely recognized asset, gaining traction through grassroots initiatives and endorsements from high-profile figures like Elon Musk.

From an investment standpoint, Dogecoin presents speculative potential due to its price volatility and growing interest from institutions. Products like the Grayscale Dogecoin Trust and merchant adoption by companies like Tesla signal increasing legitimacy and utility. However, DOGE remains a high-risk asset, and investors should consider market trends and personal risk tolerance before buying.

What Is a DOGE Payment?

A Dogecoin (DOGE) payment refers to the transfer of DOGE tokens from one digital wallet to another as a means of settling transactions for goods or services. This process is facilitated by the Dogecoin blockchain, which ensures secure and efficient peer-to-peer transfers. Due to its low transaction fees and rapid processing times, Dogecoin is well-suited for everyday transactions, including tipping content creators, purchasing merchandise, and donating to charitable causes.

To make a Dogecoin payment, users typically scan a QR code or input the recipient's wallet address into a compatible crypto wallet. The transaction is then broadcasted to the Dogecoin network, where it is confirmed and recorded on the blockchain. An increasing number of merchants accept DOGE directly, and platforms like BitPay facilitate DOGE payments both online and in physical stores.

How to Store Dogecoins

Storing your Dogecoin (DOGE) securely is crucial, and there are various wallet options to suit different needs:

1. Hardware Wallets (Cold Storage): Devices like Ledger Nano X and Trezor Safe 5 offer offline storage, providing robust protection against online threats.

2. Software Wallets (Hot Wallets): Applications such as Trust Wallet and Exodus Wallet are user-friendly and support multiple cryptocurrencies, including DOGE.

3. Exchange Wallets: For those seeking a convenient solution, BingX provides a secure environment to store and trade DOGE. The platform employs a triple verification method for withdrawals, including fund password, Google Authenticator code, and SMS verification, enhancing the safety of your assets. Additionally, BingX supports DOGE deposits and withdrawals, allowing for seamless transactions.

What Is the Future of Dogecoin (DOGE)?

Dogecoin's (DOGE) value is influenced by a mix of market forces, social sentiment, and its underlying supply model. As an inflationary cryptocurrency, Dogecoin adds about 5 billion new coins annually, which affects long-term supply dynamics. This constant issuance means sustained demand is necessary to support DOGE price growth. DOGE often mirrors trends in the broader crypto market—when Bitcoin and Ethereum surge, the Dogecoin price tends to follow due to increased investor confidence and liquidity.

Another major price driver is social media and celebrity influence. Endorsements from figures like Elon Musk have triggered dramatic price spikes in the past, highlighting DOGE to USD price's sensitivity to hype and online trends. The DOGE coin price also benefits from increased real-world utility, such as merchant adoption and payment integration, which can drive organic demand. Additionally, active community engagement and even small-scale development updates can help sustain investor interest and boost long-term sentiment.

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Dogecoin (DOGE) Price Converter

DOGE to USD

1 DOGE = $ 0.17

DOGE to VND

1 DOGE = ₫ 4,662.71

DOGE to EUR

1 DOGE = € 0.15

DOGE to TWD

1 DOGE = NT$ 5.79

DOGE to IDR

1 DOGE = Rp 3,012.38

DOGE to PLN

1 DOGE = zł 0.67

DOGE to UZS

1 DOGE = so'm 2,315.60

DOGE to JPY

1 DOGE = ￥ 25.57

DOGE to RUB

1 DOGE = ₽ 14.83

DOGE to TRY

1 DOGE = ₺ 6.89

DOGE to THB

1 DOGE = ฿ 5.98

DOGE to UAH

1 DOGE = ₴ 7.45

DOGE to SAR

1 DOGE = ر.س 0.67

Dogecoin Price Converter

How to Buy Dogecoin (DOGE)

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Create a free BingX account using your email or phone number, set a strong password, and complete identity verification (KYC) by submitting your personal details and a valid photo ID.

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Choose a payment method—bank account, card, or more—to deposit funds into your BingX account.

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Now that your account is funded, you can seamlessly trade Dogecoin DOGE and other cryptocurrencies while exploring BingX’s diverse trading features!

How to Buy DOGE Guide

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Disclaimer:

Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.

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Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.

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Disclaimer:

By accessing and using this platform, you agree to comply with our Terms of Use.

For more detailed information, please refer to our Risk Disclosure Statement.