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  • Doge Coin DOGE
  • ( -0.52 % )
  • Rank #10
  • Coins

₹15.076

₹ 15.076

  • Rank #10
  • Coins

Market Cap

₹1.88 T 1.0026%

Circulating Supply

143882000000

Max Supply

--

Volume

₹189.92 B

All Time High :

₹53.62

All Time Low :

₹0.0055

Price change in 24H :

₹0.063641

24H High :

₹13.24

24H Low :

₹12.34


Dogecoin (DOGE) Price Live Chart


Dogecoin (DOGE)

Dogecoin (DOGE) is an open-source, peer-to-peer cryptocurrency. It is classified as an altcoin and went live in December 2013 with a Shiba Inu puppy as its logo. Dogecoin began as an impulse but quickly grew in popularity. By late 2017, it had joined the cryptocurrency bubble, which had dramatically raised the value of digital coins.

Dogecoin's loyal fans continue to trade it and use it to tip for content on Twitter and Reddit.

Dogecoin can be purchased and sold on digital currency exchanges. They have the option of storing their Dogecoin on an exchange or in a Dogecoin wallet.


Founders

Jackson Palmer, a product manager at Adobe Inc.'s Sydney, Australia, office, created Dogecoin in 2013 to mock the frenzy around cryptocurrencies. He purchased the domain dogecoin.com after receiving excellent response and interest on social media.

Billy Markus, an IBM software developer, wanted to build digital money but was having difficulty publicizing his efforts. Markus collaborated with Palmer to create the software that powers the Dogecoin.


Use Cases of Dogecoin 

Online Tipping: Dogecoin tipping began mostly on Reddit, a famous online forum where people post material and engage in debates. The Reddit Dogecoin community, known as /r/dogecoin, was instrumental in pushing the use of Dogecoin for tipping. Users might contribute tiny amounts of Dogecoin to others to demonstrate their gratitude for their articles or remarks. To initiate a tip, users often include a command in their comment or post that indicates their purpose for to tip. They may, for example, type "+/u/sodogetipbot 10 doge" to transmit 10 Dogecoins to another user. The "+/u/sodogetipbot" part of the command referred to the Reddit bot in charge of Dogecoin tips, and the quantity supplied reflected the number of Dogecoins sent. The Dogecoin tipping culture spread beyond Reddit and onto other social media sites such as Twitter and Twitch. Several bots and services have been developed to assist tipping with Dogecoin across different sites, making it more accessible to a larger audience.

Currency or Form of Payment: Using Dogecoin as a payment currency is comparable to using other cryptocurrencies. A Dogecoin wallet, which can be a software wallet installed on a computer or mobile device, or an online wallet supplied by a cryptocurrency exchange or wallet service, is required for users. The wallet generates a unique address for the user to use while receiving Dogecoin payments. Users only need to identify an online retailer or platform that accepts Dogecoin as a payment option to make a transaction with it. Dogecoin payment gateways have been implemented into the websites of many online businesses, particularly those that appeal to a tech-savvy or cryptocurrency-oriented audience. Users commonly initiate a transaction from their wallet when making a payment by inputting the merchant's given Dogecoin address and the amount to be paid. The wallet then sends a transaction to the Dogecoin network for verification and inclusion in the blockchain. The payment is considered complete once the transaction is confirmed, and the merchant receives the Dogecoin. 

Sports Betting: Users can deposit Dogecoins into their betting accounts at online sports betting companies that accept Dogecoin. This procedure normally entails creating a unique deposit address for the user's account. Users can send Dogecoins from their personal wallets to the supplied deposit address, and the cash will be credited to their betting account once the transaction is validated on the Dogecoin blockchain.

Users can put bets on many athletic events after depositing Dogecoins, including but not limited to football, basketball, soccer, tennis, and others. Betting systems often provide a variety of betting options, such as moneyline bets, point spreads, over/under bets, and prop bets. When a user wins a bet, the profits are usually credited to their Dogecoin betting account. Users can then opt to withdraw their winnings to their personal Dogecoin wallets or utilize them to place additional bets.

Charity and Fund Raising: Dogecoin has been widely used for charitable and fundraising endeavors, exploiting its community-driven nature and its supporters' generous spirit. The Dogecoin community, which is well-known for its charity efforts, has actively organized and participated in several fundraising projects, creating a positive influence in a variety of areas.

The Dogecoin community's response to the 2014 Winter Olympics fundraising drive is one such example. The Jamaican bobsled team's trip to the Olympics in Sochi, Russia, was sponsored by the community. This campaign received a lot of attention and demonstrated the potential of Bitcoin communities banding together for a good cause. Using Dogecoin for charity and fundraising often entails setting a public and transparent wallet address devoted to the purpose. Members of the Dogecoin community can then contribute their Dogecoins to the allocated wallet. To track the success of the fundraising campaign and maintain transparency, regular updates are frequently shared with the community. Because of its low transaction fees and quick confirmation times, Dogecoin has become an appealing alternative for charity endeavors, since more of the contributed monies can be sent towards the intended cause rather than being consumed by transaction expenses. The generous character of the Dogecoin community, as well as its participation in fundraising events, have played an important role in defining Dogecoin's perception as a cryptocurrency that has a good influence beyond financial transactions.


Dogecoin’s Libdogecoin

Libdogecoin, a C-library of the network's building blocks, was disclosed by core developer Michi Lumin a few weeks after the release of Dogecoin Core version 1.14.6.

Libdogecoin would enable developers to create Dogecoin-compliant products "without needing to worry about the deeper specifics of the crypto functions." This means that less technical individuals can readily design Dogecoin-compliant items.

The update will not give a "runnable" node facility because it is a pure library. Libdogecoin, on the other hand, will support a variety of programming languages, including Python, Node.js, and Ruby.


Elon Musk and Dogecoin

Musk's first major engagement with Dogecoin occurred in 2019 when he published a joking tweet referring to himself as the "CEO of Dogecoin." This tweet sparked a lot of excitement in the Dogecoin community and drew attention to the cryptocurrency.

Since then, Musk has continued to mention Dogecoin on numerous occasions via his massively popular Twitter account. His tweets have varied from amusing observations about the meme-like nature of Dogecoin to more direct messages of support and encouragement for the cryptocurrency. 

Musk's tweets and public support have frequently resulted in short-term price increases and increased trading volume for Dogecoin. However, cryptocurrency markets are extremely unpredictable, and price movements affected by Musk's comments should be taken with caution.

In addition, Musk's participation with Dogecoin goes beyond social media. He appeared on the television show "Saturday Night Live" in May 2021 and mentioned Dogecoin during his monologue. This event drew more attention to Dogecoin and helped it gain widespread acceptance. In addition to his personal interest in Dogecoin, Musk has been involved in cryptocurrency collaborations and partnerships. 

For example, SpaceX declared in 2021 that it will launch a satellite dubbed DOGE-1 to the moon in a mission totally funded by Dogecoin. This announcement reinforced Musk's and his companies' relationship with Dogecoin. Musk tweeted about the meme coin several times between 2019 and 2022, causing temporary price rises.

In June 2022, investor Keith Johnson filed a $258 billion lawsuit against Musk, accusing him of being involved in a pyramid scheme to control the price of DOGE.

Musk's lawyers responded, claiming "there is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion." 

Elon Musk issued a warning in May 2023 against investing one's life savings in Dogecoin and cautioned against going all-in on the cryptocurrency. During a virtual conference, he warned cryptocurrency investors, particularly Dogecoin supporters, not to stake the farm on the meme cryptocurrency.

While Musk's involvement with Dogecoin has undoubtedly increased its popularity and public awareness, the long-term value and sustainability of Dogecoin, like any cryptocurrency, are dependent on a variety of factors such as community adoption, technological development, and broader market trends. 


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21 hours 7 minutes 4 seconds ago

Dogecoin Whales on the Move: Significant Transfers and Market Speculation

According to on-chain data, 230 million DOGE were transferred from the wallet address “DDu … wKF” to the “DHQ… 3oU” wallet address, which is linked to the trading platform Robinhood. At the time of writing, the whale-level wallet address still holds over 2.8 billion DOGE, valued at $26 million, suggesting the investor is trying to reduce risk with some sales.