What is Dogecoin? Dogecoin issuance price, total amount and white paper introduction

Dogecoin is a cryptocurrency known for its Shiba Inu symbol that was originally created as a satirical coin but gained unexpected popularity. The characteristics of its white paper include: 1. Unlimited quantity; 2. Fast transaction time; 3. Low transaction fees; 4. Active participation in charity.

What is Dogecoin?

Dogecoin is a cryptocurrency known for its iconic Shiba Inu symbol. Founded in 2013 by Billy Marcus and Jackson Palmer, it was originally intended as a satirical coin but unexpectedly gained huge popularity.

Issuance price:

• $0.0002

Total amount:

• Unlimited supply

White paper introduction:

Dogecoin’s white paper uses a light-hearted, humorous approach to describe its goals and Technical details. It states the following:

• Unlimited quantity: There is no cap on the supply of Dogecoin, meaning new Dogecoins can be created indefinitely.
• Fast transaction times: Dogecoin transaction confirmation times are very fast, usually only a few seconds.
• Low transaction fees: Dogecoin’s transaction fees are low or even negligible.
• Charitable Uses: The Dogecoin community is actively involved in philanthropic efforts to raise funds for various causes.

The Dogecoin white paper emphasizes that its main goal is not to replace Bitcoin or other cryptocurrencies, but to provide a fun, easy-to-use and socially responsible digital 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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