Learn what Dogecoin is in one article

Dogecoin is a decentralized cryptocurrency based on the image of the Shiba Inu, created in 2013 by Billy Marcus and Jackson Palmer. It does not belong to any specific country, but is a global digital currency maintained by a distributed network of nodes.

What is Dogecoin?

Dogecoin is a decentralized digital cryptocurrency featuring the iconic Shiba Inu image. It was created in 2013 by software engineers Billy Markus and Jackson Palmer.

Which country does Dogecoin belong to?

Dogecoin has no official country affiliation. It is a global cryptocurrency maintained by a network of nodes scattered around the world.

Dogecoin Current Price Overview

As of 10:00 on August 28, 2024, the price of Dogecoin (DOGE) is $0.098849444365868 USD, with a 24-hour trading volume of $647,817,111.29502 USD . The price of DOGE fell by 6.84888186% in the last 24 hours.

Factors affecting price movements

The recent decline in DOGE price may be due to the following factors:

• An overall correction in the cryptocurrency market
• Investors taking profits
• Tesla and SpaceX CEO Elon Musk’s negative comments on DOGE

Future Outlook

DOGE’s long-term prospects depend on a variety of factors, including overall cryptocurrency market trends, adoption rates, and support from big names like Musk. In the short term, the price of DOGE is likely to continue to fluctuate, but it is expected to maintain its status as a popular and well-known cryptocurrency.

Next Steps

For individuals looking to invest in DOGE, it is important to conduct proper research and understand the potential risks. Personal risk tolerance and financial goals should be considered before deciding to invest.

Short Term Forecast

In the short term, the price of DOGE is expected to continue to fluctuate, but should remain around current levels. As the overall sentiment in the cryptocurrency market improves, the currency may see some gains.

Indicators

• Current Price: 0.098849444365868 USD
• 24 Hour Volume: 647,817,111.29502 USD
• Price Change (24 hours): -6.84888186%
• Circulation volume: 145714606383.71 DOGE
• Circulation market capitalization: USD 14403807877.02

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