What coin is Dogecoin? Detailed introduction to the Dogecoin online trading platform and total amount

Dogecoin is a decentralized digital currency launched in 2013 with the Shiba Inu as its symbol. It was designed as a satire but subsequently gained a following and became a popular digital property. Dogecoin is issued indefinitely and there is no hard cap to limit its quantity. It is listed on exchanges such as Coinbase and Binance, and its total supply is 129 billion coins. Known for its meme value and active community, Dogecoin is widely used for tips, rewards, and online payments.

What is Dogecoin?

Dogecoin is a decentralized digital currency launched in December 2013 with the Shiba Inu as its symbol. It was originally designed as a satire to criticize the cryptocurrency hype, but has since gained a following and become a popular digital asset.

Dogecoin is listed on the trading platform

Dogecoin has been listed on the following trading platforms:

• Coinbase
• Binance
• Kraken
• Gemini
• eToro

Total Dogecoin supply

Doge The total supply of coins is 129 billion and they are issued indefinitely. This means there is no hard cap on the number of Dogecoins and new Dogecoins can be mined continuously.

Details

Dogecoin was created by Billy Markus and Jackson Palmer. It is based on Bitcoin’s open source code, but has several key differences:

• Shorter block times: Dogecoin block time is 1 minute, while Bitcoin block time is 10 minutes.
• Lower Transaction Fees: Dogecoin transaction fees are generally much lower than Bitcoin transaction fees.
• Unlimited Supply: Dogecoin has no hard cap, meaning new Dogecoin can be mined continuously.

Dogecoin is widely known for its meme value and active community. It is widely used for tipping, tipping, and online payments. Dogecoin’s value has fluctuated significantly over time, but it remains one of the most popular digital currencies in the cryptocurrency market.

Dogecoin Price Trends Down

The last price of Dogecoin (DOGE) as of 28 August 2024, 11:00 is $0.09896. Trading volume in the last 24 hours was $653,979,279.66.

Price Trend

The price of Dogecoin fell by 6.24% in the past 24 hours. This decline was driven by weak overall market sentiment for cryptocurrencies. Bitcoin and other major cryptocurrencies have seen similar declines.

Influencing Factors

There are several reasons why the price of Dogecoin has fallen:

• Expected Fed rate hike
• Recession Fears
• Lack of Institutional Adoption

Future Trend

The future price trend of Dogecoin will depend on the overall cryptocurrency market Sentiment and the specific factors affecting the currency. If market sentiment improves, the price of Dogecoin may rebound. However, if the market remains depressed, the price of Dogecoin may continue to fall.

Investor Recommendation

Investors should carefully consider investing in Dogecoin in the current market environment. Potential investors should conduct thorough research on the currency and assess their own risk tolerance before making any decisions.

Short-term trend prediction

In the short term, the price of Dogecoin may continue to fluctuate. If market sentiment improves, prices may rebound, but if the market remains depressed, prices may continue to fall. :145,715,396,383.71 DOGE

Market value: USD 14,420,302,450.07

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