What currency is DOGEKING? One article will help you understand DOGEKING currency

DOGEKING is a cryptocurrency based on the Ethereum blockchain that aims to be a more practical and community-driven alternative. It has a similar mascot to DOGE, low transaction fees, deflation mechanism, and a wide range of use cases. The DOGEKING community is actively involved in project development, and its use cases include payments, community funding, governance, and collections. Future plans include staking functionality, DEX integration, and more partnerships.

DOGEKING Currency Introduction

DOGEKING What is it?

DOGEKING is a cryptocurrency based on the Ethereum blockchain, inspired by the DOGE (Dogecoin) cryptocurrency. It aims to be a more practical and community-driven cryptocurrency.

Features:

• Mascot similar to DOGE: DOGEKING adopts Shiba Inu as its mascot, similar to DOGE.
• Community Driven: The DOGEKING community actively participates in the decision-making and development of the project.
• Low Transaction Fees: Thanks to the Ethereum blockchain, DOGEKING’s transaction fees are relatively low.
• Deflation Mechanism: The project contains a deflation mechanism that will reduce the number of tokens in circulation over time.
• Wide range of use cases: DOGEKING can be used to pay for goods and services, fund community events, and make governance decisions.

Technical Details:

• Blockchain: Ethereum
• Token Symbol: DOGKING
• Total Supply: 1000 Trillion
• Consensus Mechanism: Proof of Work ( PoW)

Community and use cases:

DOGEKING community is active and enthusiastic, and they actively participate in the development and promotion of the project. The community has organized various events such as online gatherings, charity events and community polls.

DOGEKING’s use cases continue to expand, including:

• Payments: can be used to purchase goods and services, such as e-commerce and brick-and-mortar stores.
• Community Grants: Support community initiatives, events and projects.
• Governance: Community members holding tokens can participate in project decisions.
• Collection: As a digital collectible, it has potential value.

Future Development:

The DOGEKING team plans to implement the following updates in the future:

• Staking Feature: Allows token holders to earn rewards by staking their tokens.
• DEX Integration: Integrate with decentralized exchanges to increase the liquidity of tokens.
• More Partnerships: Build partnerships with businesses and organizations to expand DOGEKING’s use cases.

Dogecoin (DOGE) Price Analysis

As of 12:00 Jul 25, 2024, the price of Dogecoin (DOGE) is $0.1229 USD. The 24-hour trading volume is $895.6 million and the price is down 6.37% in the past 24 hours.

Recent Movements

The price of Dogecoin has recently been affected by the following factors:

• Market Sentiment Swings: The entire cryptocurrency market has been unstable recently, and Dogecoin has also been affected.
• Financing Rate Decline: The financing rate for borrowing Dogecoin has dropped, reducing the amount of speculation that drives up prices.
• Decreased User Activity: Dogecoin’s on-chain activity, such as the number of transactions and active wallets, has declined.

Future Expectations

The future price movement of Dogecoin is difficult to predict, but it may be helpful to consider the following factors:

• Community Support: Dogecoin has an active online community, which may Continue to support it.
• Limited Utility: Dogecoin has limited utility, which may inhibit its widespread adoption.
• CHANGING MARKETS: Cryptocurrency markets are volatile by nature and the price of Dogecoin may be affected by external factors.

Recommendations for Action

It is important for investors to carefully consider their risk tolerance and investment objectives before making any trading decisions. Dogecoin is a high-risk asset and it is not recommended to invest more than you can afford to lose.

Short-Term Forecast

In the short term, the trend of Dogecoin is likely to continue to fluctuate, with fluctuations depending on the movements of the larger market. However, drastic price changes are not expected.

Indicator

• Current price: 0.1229 USD
• 24 hour trading volume: 895.6 million USD
• Market cap: 178.5 billion USD
• Circulation volume: 145255646383.71
• Maximum supply: None
• Total supply: 145255646383.71

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