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Dogecoin price usd
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Dogecoin soon earned a devoted following. Those who were interested in cryptocurrency but were not too serious about its alleged revolutionary potential were the first to flock to this memecoin. People who liked this breed of Japanese dogs also bought this memecoin. Anyone willing to casually engage with cryptocurrency also participated in the Dogecoin culture. Dogecoin rates A wallet is necessary for people wanting to use, trade, or hold Dogecoin. You can pick a wallet
Dogecoin price in usd
Dogecoin first hit the crypto market in December 2013 trading at around $0.00026 per coin. It had a volatile start, almost quadrupling to a tenth of a cent within a couple of days before falling back down below $0.00026 in the first week of 2014. Around the middle of January, DOGE price shot up by 600% in under a week, peaking at $0.0021. Prices crashed to about half that level in the first week of February, and after retesting $0.0019 a few days later, DOGE gradually declined until it hit a low of $0.0001 in mid-August. Following a brief upsurge to $0.0004 a month later, prices fell again and DOGE ended the year at less than half that price. Can Dogecoin Reach $1? Cryptocurrencies work using a technology called blockchain. They are tokens that can be used as a form of payment in exchange for online goods and services. They carry a pre-determined store value of their own, just like any other fiat currency like the US dollar or the Indian rupee. Cryptocurrencies are digitally mined, where very sophisticated computers solve extremely complex computational mathematics problems. Their mining is painstaking, costly and only sporadically rewarding.
About Dogecoin (DOGE)
DOGE price, however, couldn't sustain the $0.01+ level for long and tanked with the rest of the crypto market thereafter. Dogecoin's price witnessed a prolonged lull for almost 3 years as the hype around memecoin waned. Is Dogecoin a dead coin ? Dogecoin’s price is currently $0.09 (USD). Read more on DOGE price analysis, comparisons, and historical pricing data below.