Dogecoin Price DOGE

#10

$0.10

-10.61%

Buy Now

Price Information

1 Year Change

-67.12%

All Time High

$0.75 -86.45%

Volume 24h

1.6 B $ 14.23%

Market Cap

15.2 B $ -10.61%

Buy Now

Price Alert

Create a price alert and never miss the best entry time again

Set Price Alert

About Dogecoin

DOGE Price Pulse: What’s Moving It?

Dogecoin (DOGE) is currently priced at $0.11, marking a 7.77% decline over the past 24 hours. With a market capitalization of approximately $15.98 billion, Dogecoin remains one of the more prominent cryptocurrencies in terms of value despite recent volatility. The price swings of DOGE are often influenced by a combination of market sentiment, broader crypto trends, and social media buzz.

Several factors contribute to Dogecoin’s price pulse. Investor enthusiasm driven by celebrity endorsements and community support has historically played a significant role. Additionally, fluctuations in Bitcoin and Ethereum prices often ripple through altcoins like DOGE. Regulatory news, technological developments, and macroeconomic factors such as interest rate changes and inflation can also impact Dogecoin’s performance.

DOGE Price Catalysts: Bull Case & Bear Case

Bull Case: Dogecoin’s strong community backing and widespread brand recognition fuel optimism among investors. The coin’s relatively low price per token makes it an accessible entry point for new crypto investors, potentially driving demand. Upcoming improvements or updates to the Dogecoin network, increased merchant adoption, or renewed social media interest could further boost its value. Additionally, a bullish crypto market overall generally benefits Dogecoin as investors seek alternative coins for diversification.

Bear Case: Conversely, Dogecoin faces challenges that could pressure its price downward. Its lack of unique technological features compared to other cryptocurrencies raises questions about its long-term utility and sustainability. The drop of 7.77% in the last 24 hours may reflect profit-taking or a broader market sell-off impacting altcoins disproportionately. Negative regulatory announcements or reduced hype from influencers could also diminish its appeal. Furthermore, Dogecoin’s inflationary supply model might contribute to downward price pressure if demand does not keep up.

Frequently asked questions

Why is Dogecoin going down right now?

Dogecoin's recent decline of 7.77% can be attributed to several factors including broader market volatility in cryptocurrencies, profit-taking by investors, and a reduction in social media hype or promotional activity. Additionally, regulatory uncertainties and negative news in the crypto sector may also be impacting investor sentiment towards DOGE.

What is Dogecoin’s current price?

Dogecoin is currently priced at approximately $0.11 per token.

How big is Dogecoin’s market capitalization?

Dogecoin’s market capitalization is around 15.98 billion US dollars.

What drives Dogecoin’s price movements?

Dogecoin’s price movements are influenced by market sentiment, social media activity, broader cryptocurrency market shifts, regulatory news, and macroeconomic factors.

Is Dogecoin a good investment right now?

Whether Dogecoin is a good investment depends on your risk tolerance and investment goals. It has strong community support but also faces challenges such as high volatility and limited technological uniqueness. Investors should conduct thorough research and consider market conditions before investing.

Can social media impact Dogecoin’s value?

Yes, social media plays a critical role in Dogecoin’s price. Celebrity endorsements and viral online trends have historically caused significant price movements for DOGE.

Popular Dogecoin Exchanges

View All

KuCoin is one of the world's top ten largest cryptocurrency exchanges, allowing you to buy, sell, and trade 700+ crypto assets.

eToro is a multi asset social trading platform. Its standout feature is copy trading, letting you mimic successful investors. User-friendly and regulated, it’s great for both beginners and experienced traders.

Rating:

3.2

Reviews:

Bitpanda is a European neobroker on a mission to democratize the complex world of investing. With low fees, 24/7 trading and real-time settlement, Bitpanda empowers users to shape their financial futures - on their own terms.

Rating:

2.8

Reviews:

Cryptomus offers a secure, user-friendly platform for buying, selling, and managing crypto, with P2P trading, staking (up to 20% APR), and mobile access for seamless transactions.

Rating:

4.9

Reviews:

Bitget, founded in 2018 during a crypto downturn, is a global exchange focused on user-centric innovation. With roots in traditional finance, its team saw blockchain’s potential early on. Today, Bitget aims to make crypto trading more accessible while promoting long-term industry growth.

Neverless is a new crypto trading platform created by former Revolut executives. It’s fully regulated in Europe and aims to make crypto more accessible by offering commission-free trading, competitive pricing, and support for over 700 cryptocurrencies. Users can also earn high yields on their assets and quickly buy crypto using Apple Pay or Google Pay.

WhiteBIT is a centralized crypto exchange offering spot, margin trading & staking, with a strong focus on security & compliance. It was founded in 2018 and is registered in Lithuania, although it operates globally.

Crypto.com is a global cryptocurrency platform that lets users buy, sell, and trade digital assets. It offers a secure wallet, a crypto-backed Visa card, staking, DeFi services, and various financial products designed to make crypto accessible for everyday use.

Rating:

2.9

Reviews:

Binance is the world’s leading blockchain ecosystem, with a product suite that includes the largest digital asset exchange. Their mission is to be the infrastructure provider for crypto in tomorrow’s world.

Rating:

3.4

Reviews:

Wirex is a digital payments platform that bridges crypto and traditional finance, letting users buy, hold, and spend both fiat and digital currencies with a single card.