Dogecoin was issued on December 6, 2013, with an initial issuance price of $0.00026. The total amount of Dogecoin has been issued indefinitely, and the current circulation has exceeded 132.6 billion. Its creators aimed to create a light-hearted and fun cryptocurrency that responded to the seriousness of Bitcoin.
Dogecoin issuance price
Dogecoin was issued on December 6, 2013. The issuance price is $0.00026.
Issuance quantity
The initial issuance quantity of Dogecoin is 100 billion, and an additional 52.56 million Dogecoin is issued every minute. This pace of additional issuance continues at a fixed rate of 5 billion Dogecoins per year, with more than 132.6 billion Dogecoins currently issued.
Issue Background
Dogecoin was created by two software engineers, Billy Marcus and Jackson Palmer. Their goal at the time was to create a lightweight, fun cryptocurrency that responded to the seriousness and complexity of Bitcoin. Dogecoin, with its iconic Shiba Inu emoji as its mascot, quickly became popular online, becoming a popular online tip currency and community currency.
Dogecoin Price Trends Down
The last price of Dogecoin (DOGE) as of 28 August 2024, 11:00 is $0.09896. Trading volume in the last 24 hours was $653,979,279.66.
Price Trend
The price of Dogecoin fell by 6.24% in the past 24 hours. This decline was driven by weak overall market sentiment for cryptocurrencies. Bitcoin and other major cryptocurrencies have seen similar declines.
Influencing Factors
There are several reasons why the price of Dogecoin has fallen:
- Expected Fed rate hike
- Recession Fears
- Lack of Institutional Adoption
Future Trend
The future price trend of Dogecoin will depend on the overall cryptocurrency market Sentiment and the specific factors affecting the currency. If market sentiment improves, the price of Dogecoin may rebound. However, if the market remains depressed, the price of Dogecoin may continue to fall.
Investor Recommendation
Investors should carefully consider investing in Dogecoin in the current market environment. Potential investors should conduct thorough research on the currency and assess their own risk tolerance before making any decisions.
Short-term trend prediction
In the short term, the price of Dogecoin may continue to fluctuate. If market sentiment improves, prices may rebound, but if the market remains depressed, prices may continue to fall. :145,715,396,383.71 DOGE
Market value: USD 14,420,302,450.07
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