Dogecoin
Last updated | 4 hours ago |
Price per DOGE in USD | $ 0.26497745574795 |
Price per DOGE in Bitcoin | 0 |
Volume over the last 24 hours | $ 1,442,507,048 |
Market cap in USD | $ 39,216,635,995 |
Change in % over the last hour | -0.18641142 |
Change in % over the last 24 hours | 5.61704834 |
Change in % over the last 7 days | -0.99112643 |
DOGE specifications
Name | Dogecoin |
Symbol | DOGE |
Minable | Yes |
Algorithm | Scrypt |
Prooftype | PoW |
Coin description
Dogecoin started as a meme-inspired cryptocurrency but has since gained popularity due to its active community and practical use cases. It operates on a proof-of-work consensus mechanism similar to Litecoin, utilizing the Scrypt hashing algorithm. Despite its origins, Dogecoin has been used for tipping content creators online and supporting charitable causes, demonstrating its versatility beyond just being a digital currency.
Dogecoin Community-Driven Success Stories
One of Dogecoin's strengths lies in its supportive and humorous community, which has funded initiatives ranging from sponsoring sports teams to raising money for clean water projects. For example, the community once raised over $50,000 worth of Dogecoin to send the Jamaican bobsled team to the Winter Olympics. Such efforts highlight the positive impact that a passionate community can have when rallying around a shared cause.
While Dogecoin lacks some of the advanced features of newer cryptocurrencies, its simplicity and widespread adoption have kept it relevant in the crypto space. Its inflationary supply model, which releases a fixed number of new coins each year, contrasts with Bitcoin's deflationary approach. This design choice encourages spending rather than hoarding, aligning with Dogecoin's original vision of being a fun and accessible cryptocurrency for everyday transactions. Keywords like Dogecoin tipping culture and inflationary cryptocurrency are frequently associated with this coin.