What currency does Dogecoin belong to? Which exchanges can I buy Dogecoin on?
Dogecoin is a decentralized meme coin that can be traded on numerous exchanges, including Binance, Coinbase, Kraken, Robinhood, Gemini, Bittrex, Poloniex, and KuCoin.
Dogecoin currency type
Dogecoin is a decentralized cryptocurrency that belongs to the meme coin category. Memecoins are cryptocurrencies created based on popular culture or jokes and are often highly speculative.
Dogecoin Exchange
Dogecoin can be traded on multiple exchanges including:
- Binance
- Coinbase
- Kraken
- Robinhood
- Gemini
- Bittrex
- Poloniex
- KuCoin
These exchanges all offer trading pairs between Dogecoin and other cryptocurrencies and fiat currencies.
Dogecoin (DOGE) Latest Price Changes
Currently, the price of Dogecoin (DOGE) is $0.085 USD. The asset’s price has dropped significantly by more than 21% in the past 24 hours. Despite this, Dogecoin still maintains a healthy market capitalization of $12.39 billion.
Factors for Price Movements
Dogecoin’s recent price drop may be due to the following factors:
- Overall downturn in the cryptocurrency market
- Rising interest rates leading to sell-off in risky assets
- Tesla suspends acceptance of Dogecoin as Car Payment Method
Future Price Trend Analysis
The future price trend of Dogecoin is uncertain. Cryptocurrency markets continue to be affected by interest rate and regulatory risks. However, Dogecoin’s status as a well-known meme coin and its connection to Elon Musk may continue to attract investors.
It is recommended that
- investors exercise caution and invest according to their own risk tolerance.
- Consider investing in Dogecoin as part of a wider investment portfolio.
- Monitor cryptocurrency market news and updates as they may affect prices.
Short-term trend forecast
In the short term, Dogecoin may continue to face downward pressure. However, if market sentiment improves or there is positive news, prices could rebound.
Indicators
- Current Price: $0.085
- 24-Hour Trading Volume: $1.955 Billion
- Market Cap: $12.39 Billion
- Circulation: 145.4 Billion
- Total Supply: 145.4 Billion
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