What is Dogecoin?

Dogecoin (DOGE) is a Layer-1 blockchain network currently ranked 11th by market capitalization across all crypto assets we track. As a Layer-1 network, DOGE provides settlement, consensus, and computation for a wider ecosystem of applications. The token plays a dual role: paying for transaction fees, and acting as the economic incentive securing the network.

Market position

At the current price of $0.0835, Dogecoin carries a market capitalization of $14.05B. Daily trading volume across exchanges sits at roughly $474.48M. That works out to a 24-hour turnover of about 3.38% of the float — consistent with healthy market activity for a mid-to-large cap asset.

Price action across timeframes

Over the past 24 hours, Dogecoin has moved -1.79%; over the past week, Dogecoin has moved -10.89%; over the past 30 days, Dogecoin has moved -6.93%; over the past year, Dogecoin has moved -48.36%.

Cycle position

Dogecoin is currently trading far below its all-time high (all-time high of $0.7529, -88.9% from peak). . From its all-time low of $0.00299900, current pricing represents a +2,685% recovery.

Supply & dilution

The circulating supply stands at 148,311,776,384 DOGE. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.

Volatility profile

Recent price action puts Dogecoin in the Moderate-volatility bucket. The asset shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the past 30 days, the 30-day move totals -6.93%, which traders should weigh against position sizing and stop-loss placement.

How to evaluate Dogecoin

A balanced read on DOGE typically considers three lenses:

  • Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
  • Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
  • Comparable assets — how is DOGE performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.

Project description

Dogecoin (DOGE) is a cryptocurrency that started as a joke featuring the Shiba Inu dog from the popular meme, but it has grown into a widely used digital currency for tipping, charity, and online transactions. Initially created for fun, Dogecoin has gained a large community and significant market presence. Source: CoinPaprika.com