What coin is doge and what is the total circulation?
- WBOYOriginal
- 2024-07-30 16:47:021057browse
Dogecoin is an open source cryptocurrency whose logo is a Shiba Inu and was launched in 2013. Unlike cryptocurrencies such as Bitcoin, Dogecoin does not have a fixed total issuance and its circulating supply can increase over time, and as of March 2023, it was approximately 132 billion coins.
What is Dogecoin?
Dogecoin is an open source peer-to-peer cryptocurrency whose logo is a Japanese Shiba Inu. Launched in 2013, Dogecoin was initially seen as a joke coin to Bitcoin, but over time it gained mainstream recognition.
Total circulation of Dogecoin
Dogecoin does not have a fixed total circulation. Unlike most cryptocurrencies such as Bitcoin, Dogecoin’s supply is not limited. This allows the circulating supply of Dogecoin to increase over time. As of March 2023, the circulating supply of Dogecoin is approximately 132 billion coins.
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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