How much does one Dogecoin cost? Dogecoin price history at a glance

As of March 8, 2023, the price of one Dogecoin is approximately $0.08. Dogecoin was created in 2013 and its historical price ranges from $0.0002 in 2013 to a high of $0.74 in 2021. Factors affecting the price of Dogecoin include cryptocurrency market trends, support from major companies, social media attention, supply and demand, and regulatory changes.

How much does one Dogecoin cost?

As of March 8, 2023, the price of one Dogecoin is approximately $0.08 (8 cents).

A glance at the historical price of Dogecoin:

Dogecoin was founded in 2013, and its historical price is as follows:

• 2013: About $0.0002
• 2017: About $0.002
• 2018: About $0.003
• 2019: ~$0.004
• 2020: ~$0.006
• 2021: up to $0.74 The price of Dogecoin is affected by a variety of factors, including:
• Overall cryptocurrency market trends:
When the cryptocurrency market rises, Dogecoin tends to rise as well.

Support from major companies like Tesla and SpaceX: Elon Musk’s positive words about Dogecoin have boosted its price.

Social Media and Pop Culture Attention:

Dogecoin has gained widespread attention on platforms like TikTok and Reddit, driving up its price.
• Supply and Demand:
Dogecoin’s supply is not limited, which may affect its price volatility.
• Regulatory changes:
Regulatory changes for cryptocurrencies may also affect the price of Dogecoin.
Dogecoin (DOGE) price update
• As of 12:00 on August 28, 2024, the price of Dogecoin is $0.099586, 24 hours Transaction volume was $656 million.
• Recent Volatility

Dogecoin price is down 5.89% in the past 24 hours. The price fluctuations are mainly due to:

Weak market sentiment:

The overall cryptocurrency market has been on a downward trend recently.

Dogecoin supply increases: Dogecoin is generating 10,000 new coins every minute, which increases supply and puts pressure on price.

Future Outlook
• The future price trend is difficult to predict, but the following factors may affect Dogecoin:
• Regulatory Developments:
Clarity regarding cryptocurrency regulations could boost market sentiment.

Institutional Adoption: The participation of more institutional investors will bring more liquidity and potential price increases.

Community Engagement:

Dogecoin’s strong community base will likely continue to provide support for the price.
Recommendations
• Investors should invest with caution and conduct their own research before investing. It is recommended to have a long-term investment strategy as it can help withstand market fluctuations.
• Short-Term Forecast

In the short term, Dogecoin price is likely to continue to be influenced by market sentiment and increased supply.

Indicators

Price: 0.099586 USD24 hour trading volume: 656 million USD

Circulation volume: 1,457,156,963,833.71 DOGE

Market capitalization: US$14.511 billion

The above is the detailed content of How much does one Dogecoin cost? Dogecoin price history at a glance. For more information, please follow other related articles on the PHP Chinese website!