What is Dogecoin?
DOGEDogecoin is a proof-of-work cryptocurrency that began as a joke and became a widely held payment and tipping coin; it is mined together with Litecoin (merged mining).
The tokenDOGE is the coin itself, with a fixed number of new coins issued per block and no maximum supply.
Supply and what is still to come
How many coins exist, how many can, who holds the part not yet circulating and what the schedule releases.
- Circulating supply
- 156.7 billion DOGE
- Total supply
- 156.7 billion DOGEin existence, locked or not
- Maximum supply
- None fixedno fixed maximum
- Supply in 10 years
- 209.3 billion DOGEthe protocol's 10,000 DOGE per block, with blocks at the 1-minute target
A year in the market
Measured on the daily closes of our own US dollar price index.
- Return, past year
- −60.8%daily closes
- Volatility, past year
- 65%annualised, daily log returns
- Deepest fall from a peak, past year
- −62.1%daily closes
- Below its all-time high
- −89.9%high of $0.6898 on 7 May 2021
- Correlation with bitcoin
- 0.80daily returns, past year; 1 is lockstep
- Beta to bitcoin
- 1.18its usual move for a 1% move in bitcoin
Points to check
What our data shows that a holder should know. Each point is a measurement, not a rating.
- Price swings
Its daily moves were 1.5x as large as bitcoin's over the past year (volatility 65% against 44%).
- Distance from the high
It trades 90% below its all-time high daily close of $0.6898 (7 May 2021).
- Moves with bitcoin
Its daily returns had a correlation of 0.80 with bitcoin's over the past year, so it has added little diversification to a bitcoin holding.
Questions
What is Dogecoin?
Dogecoin is a proof-of-work cryptocurrency that began as a joke and became a widely held payment and tipping coin; it is mined together with Litecoin (merged mining).
What is DOGE used for?
DOGE is the coin itself, with a fixed number of new coins issued per block and no maximum supply.
Is Dogecoin's supply capped?
No fixed maximum (no fixed maximum); the total supply today is 156.7 billion DOGE.
Where is Dogecoin traded?
On 11 of the 11 exchanges we read: 9 list spot pairs against the dollar or a dollar stablecoin and 11 list perpetual futures. The token finder lists every pair.
Supply from our own nodes or the project’s published figures, prices from our own indexes, listings from the exchanges’ own instrument lists. Last update