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What is Dogecoin all about

What is Dogecoin all about

All-Time High • May 08 2021


All-Time Low • May 06 2015


Market Cap


Market Cap 24h

-602,948,615 -6.25%

Total Volume


All Time High Change


All Time Low Change


Dogecoin, despite actively pursuing status as a joke or meme cryptocurrency, is relatively well established having been created by IBM developer Billy Markus and Adobe data scientist Jackson Palmer in 2013. It was an alternative to Bitcoin, but it never took itself seriously and played into a burgeoning parody of the online cult around cryptocurrencies.

More recently, Dogecoin has been rocketed into the mainstream conversation as cryptocurrency fan Elon Musk has put his full social media weight behind the memecoin. He did this seemingly as a way to cut through the tensions of the cryptocurrency market and tribalism that exists in choosing different digital currencies.

The main driving factor behind its creation was to attract mainstream interest because of its light hearted nature, as Markus once explained. It seems that notion has been fulfilled with Musk, as well as Snoop Dogg, Gene Simmons and a host of other celebrities are all associated with it.

On a technical level, Dogecoin is an open-source cryptocurrency stemming from a fork of the Litecoin codebase while the Dogecoin community has earned a reputation for charitable contributions. It took off as a tipping system on sites like Reddit, where users would send each other small amounts of the coin to reward content creators.

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Dogecoin Profit Calculator

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Questions & Answers

DOGE Questions & Answers

What is the price of Dogecoin right now?

Osom expert

Current price of Dogecoin is 0.06798800 EUR.

What was the highest ever price of Dogecoin?

Osom expert

We saw the highest spike in the price of Dogecoin on 2021-05-08, at 0.60 EUR.

Is Dogecoin expected to increase in value in one month time?

Osom expert

Based on our price prediction algorithm we estimate that Dogecoin's cost will reach between €0 and €0.06993919 in 30 days.

How much will Dogecoin cost in three months?

Osom expert

On the basis of our short term prediction we suspect that the cost of Dogecoin will be between €0 and €0.06993919 3 months from now.

What will the Dogecoin price be in half a year?

Osom expert

There is a great deal of difficulty in predicting the long term, but using our short term price prediction we estimate that Dogecoin's price will reach anywhere between €0 and €0.06993919 6 months from now.

Do you know how popular Dogecoin is online?

Osom expert

2300795 individuals took part in discussing Dogecoin online on Reddit in the last 48 hours. Dogecoin's Twitter profile is followed by 3428248 people.

What can I use Dogecoin for?

Osom expert

Dogecoin has mostly been used as a way to tip online content creators and social media posters in recognition for their work. More recently, with its rising price, people have started holding the coin as an investment, and its popularity has led to some smaller merchants accepting the coin as payment.

Why is Dogecoin so popular?

Osom expert

Dogecoin was not created to necessarily solve or improve upon other cryptocurrencies, but rather use the hype of memes and cryptocurrency to become a popular phenomenon. This kept the coin in the minds of enthusiasts, but recently it has broken into the mainstream with more mainstream figures buying in.

Should I hold onto Dogecoin?

Osom expert

While Bitcoin and some other coins are made to accrue value, Dogecoin is designed as an inflationary coin and encourages users to spend it rather than see the value of their coins fall over time if it was simply stored for gains.

Is Dogecoin a real cryptocurrency?

Osom expert

Many people feel that because Dogecoin is based around a meme that it is not a real cryptocurrency. This is not true. The coin has its own blockchain that has its roots in Litecoin as it was forked from that Protocol in 2013.

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10 days Dogecoin price forecast

10 days Dogecoin price forecast

DayPrice PredictionChange

Long term Dogecoin price prediction

MonthPrice PredictionChange
July 220.02563481-62.3%
August 220-100%
September 220.00589209+Infinity%
October 220-100%
November 220-NaN%
December 220-NaN%
January 230-NaN%
February 230-NaN%
March 230-NaN%
April 230-NaN%
May 230-NaN%
June 230-NaN%

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