Dogecoin price

in USD
Top market cap
$0.2768
-$0.00634 (-2.24%)
USD
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Market cap
$41.81B #7
Circulating supply
150.98B / 151B
All-time high
$0.74
24h volume
$4.03B
3.9 / 5

About Dogecoin

Dogecoin (DOGE) is a cryptocurrency that started as a lighthearted meme but has grown into a widely recognized digital asset. Built on blockchain technology, DOGE enables secure, decentralized transactions without the need for intermediaries. Its primary purpose is to serve as a fast and low-cost payment method, making it popular for tipping, microtransactions, and online purchases. Beyond its playful origins, Dogecoin has cultivated a strong community and is increasingly accepted by merchants worldwide. With ongoing developments like DogeOS, which could introduce smart contracts and NFTs, DOGE is evolving from a meme into a versatile tool for payments and innovation. Explore Dogecoin to see how it combines fun with functionality.
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Meme
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Official website
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Block explorer
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Last audit: 8 Jun 2021, (UTC+8)

Disclosures

Dogecoin risk

This material is for informational purposes only and is not exhaustive of all risks associated with trading Dogecoin. All crypto assets are risky, there are general risks in investing in Dogecoin. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.

Investment Risk

The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.

Lack of Protections

Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.

Liquidity Risk

There is no guarantee that investments in crypto assets can be easily sold at any given time.

Complexity

Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.

Concentration Risk

Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.

Five questions to ask yourself

  1. Am I comfortable with the level of risk? Can I afford to lose my money?
  2. Do I understand the investment and could I get my money out easily?
  3. Are my investments regulated?
  4. Am I protected if the investment provider or my adviser goes out of business?
  5. Should I get financial advice?

Meme coins

Meme Coins are crypto assets whose value is driven by community sentiment and online trends. Risks linked to Meme coins include:

Market Risk

Cryptocurrency markets are known for their extreme price volatility, with values often experiencing rapid and unpredictable fluctuations.

Market Sentiment Risk

Cryptocurrency prices can be heavily influenced by market sentiment, news, and social media. FUD (fear, uncertainty, doubt) and FOMO (fear of missing out) can drive irrational price movements and create reputational risk.

Market Manipulation Risk

Due to the technological complexity, low volumes and the decentralised nature of cryptocurrencies, there is a risk of market manipulation by some market participants who can influence prices.

Enterprise Risk

There may be a lack of transparency in the construct of certain tokens or no audits performed on any part of the enterprise. Collateral pools, assets or proof of reserves may be opaque or unverifiable. Audit statements could be unreliable if from an untrusted source.

Model of Operation Risk

Cryptocurrencies may use intricate networks or business models that are not fully comprehensible to token holders, resulting in misinformed decisions.

Transparency Risk

Decentralized crypto projects can have founders / foundation / developers who may exert undue influence on the project outcome. These founders / foundation / developers may be anonymous which can lead to an increase in enterprise risk. Disagreements within the Founders / Foundation / Community can lead to events such as forks or dilution which could lead to diminishing the value of previously established assets. Network validators may prioritize their own interests, which may not always align with the overall health or decentralization of the network.

Dogecoin’s price performance

153% better than the stock market
Past year
+163.64%
$0.10
3 months
+72.75%
$0.16
30 days
+28.71%
$0.22
7 days
+3.91%
$0.27
52%
Buying
Updated hourly.
More people are buying DOGE than selling on OKX

Dogecoin on socials

TechFlow
TechFlow
From the perspective of the treasury, which copycats are being paid for by companies in 2025?
Written by: 0xResearcher If the market is a thermometer of emotions, then "treasury allocation" is the voting device of enterprises. Who puts real money on the balance sheet and bets on which altcoins are often more reliable than the buzz of social media. In 2025, we will see more and more listed companies incorporating non-BTC and non-ETH tokens into their treasuries in public disclosures, such as FET and TAO in the AI track, HYPE and ENA in the new DeFi infrastructure, as well as payment veterans LTC and TRX, and even DOGE with a stronger community color. Behind these positions, there are both business synergies and asset diversification demands, which give ordinary investors a window to "see the direction of the wind": who buys, why they buy, and how to use them after buying. From these questions, it will be easier for you to distinguish between strong and weak narratives, and understand which copycats are being taken seriously by "institutionalized funds". Why look at the treasury allocation? Use "real money for the enterprise" to identify strong narratives. First, because it is more difficult to fake. Once a company writes tokens into financial reports or regulatory documents, it means that management has to explain the size of the position, accounting policies, custody and risks, which is more binding than "shouting slogans". Second, it is closer to "using and holding". In this treasury wave, many companies not only buy tokens, but also sign technical cooperation, introduce tokens as products or do on-chain staking income, such as Interactive Strength plans to purchase about $55 million in FET and cooperate with fetch.ai signs, Freight Technologies binds FET to logistics optimization scenarios, and Hyperion DeFi uses HYPE for staking and collaborates with Kinetiq Opening up the yield and collateral path, TLGY (proposed to be merged into StablecoinX) plans to establish an ENA treasury betting on Ethena's synthetic stability and yield structure. What these actions have in common is that tokens are not only prices, but also "certificates" and "fuel". Third, it provides an alternative path for ordinary investors. You can research tokens directly or gain "indirect exposure" by researching publicly traded companies that hold them. Of course, this is a double-edged sword: small market capitalization companies superimpose high-volatility tokens, and their stock prices often become "token agents", and the rise and fall will be more violent. If you take the path of "indirect exposure to stocks", position control and rhythm are particularly important. This trend is accelerating from the market context of 2025. On a macro level, the landing of spot crypto ETFs in the United States has increased risk appetite, and the strength of BTC and ETH has given altcoins a "point-to-surface" spillover window, and high-quality tracks have gained more attention. The attitude of the company is also changing: from "tentative holding" a few years ago to "strategic allocation", and even a new species of "crypto treasury as the main business" has emerged - some companies have taken the initiative to transform and clearly regard the construction and operation of crypto treasury as the main line business. At the disclosure level, companies are no longer satisfied with press releases, but more through regulatory documents, quarterly reports, and investor presentations to disclose position size, fair value, custody details, and risk control arrangements, and the verifiability of information is increasing. In short, the heat is back, the path is clearer, and the funds are starting to be more "serious". This also means that observing treasury dynamics is becoming a reliable window into the direction of the industry. Statistics on recent altcoin holdings of listed companies Three main lines of altcoins: AI, new DeFi and payment old coins AI track (FET, TAO): The key signal of this main line is "use and hold". Tokens in AI-native networks are often not simply speculative targets, but "tickets and fuel" for access and settlement: the call of intelligent agents, access to computing power and model markets, and network incentives all require endogenous use of tokens. The entry of enterprise treasury is often accompanied by technical cooperation and business integration, such as the formation of a closed loop in logistics optimization, computing power call or intelligent agent landing, so the speculative weight is relatively low and more strategic allocation. However, there are also uncertainties in this track: the combination of AI and blockchain is still in the verification stage, valuations may reflect future expectations in advance, and the long-term sustainability of the token economy (inflation/deflation mechanism, incentive model, fee recovery) still needs to be observed. New DeFi infrastructure (HYPE, ENA): This track is a combination of "efficiency + income". HYPE represents a performance-oriented DeFi infrastructure: it carries derivatives trading and staking derivatives through a high-performance chain, forming a capital cycle of "earning income + liquid staking and re-staking", providing an efficient utilization path for institutions and capital pools. The interest of corporate treasury is that it can not only bring on-chain governance and income, but also enhance liquidity and market stickiness through capital circulation. ENA's appeal is more focused on the design of synthetic stability and hedging returns. By combining staking derivatives and hedging strategies, Ethena attempts to create "dollar-like" stable assets and generate endogenous sources of income without relying on the traditional banking system. If this model can be connected with exchanges, custodians and payment sides, it may form a truly closed-loop "crypto dollar + yield" system. For corporate treasuries, this means holding a stable unit of account while also providing income and tools to hedge against volatility. However, the risks are also more complex: clearing security, robustness of smart contracts, and stability in extreme market conditions are all key points that require high-intensity audits and risk control. Source: X Payment and established market (LTC, TRX, DOGE): In contrast, this group of assets is more inclined to "worry-free bottom positions and payment channels". They have a longer history, stronger liquidity, and better infrastructure, so they are convenient to become a "cash-like" allocation for corporate treasuries, which can meet both long-term stores of value and payment scenarios. The efficiency advantages of LTC and TRX at the payment and settlement layers make them direct payment exposure for treasuries; DOGE, on the other hand, has unique value in light payments and topic communication with its community and brand spillover effects. Overall, the role of such assets is more robust and fundamental, but new growth stories are limited, and the future may be more under competitive pressure from stablecoins and L2 payment networks. Know what to buy, but also know how to look at it See the direction of the wind, but don't make simple analogies. Which token a company writes into its financial report is equivalent to voting with real money, which can help us filter out a lot of noise, but it is not a universal indicator. A more comprehensive observation framework looks at three levels at the same time: whether there is business collaboration (does the company really use this token), whether there is formal disclosure (written into regulatory documents, explaining how much was bought, how to keep it, and what are the risks), and whether the on-chain data can keep up (activity, transaction depth, and whether liquidation is stable). The true value of corporate treasury allocation lies not in providing investment advice, but in revealing the underlying logic of industry evolution - when traditional listed companies begin to allocate specific tokens on a large scale, this reflects the structural transformation of the entire crypto ecosystem from "pure speculation" to "value anchoring". From a macro perspective, this wave of treasury allocation marks the intersection of three important trends: the maturity of the regulatory environment - companies dare to disclose their crypto asset holdings in public documents, indicating that a compliance framework is being established; The materialization of application scenarios - no longer an abstract "blockchain revolution" but quantifiable business needs such as AI training, DeFi income, and cross-border payments. Institutionalization of capital structures – from retail led to corporate participation – means longer holding cycles and more rational pricing mechanisms. The deeper significance is that treasury allocation is redefining the essence of "digital assets". In the past, we used to think of cryptocurrencies as high-risk speculative tools, but as more and more companies use them as operational assets or strategic reserves, they begin to have attributes similar to foreign exchange reserves, commodity inventories, or technology licenses. This shift in perception may be more disruptive than any technological breakthrough.
KOOL CRYPTO NOYA
KOOL CRYPTO NOYA
Prediction 3 on @trylimitless DOGE goes down Outcome- Pending
Chase Blu
Chase Blu
#BTC Save your files, be responsible for your own judgments, and always remind yourself

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Dogecoin FAQ

DOGE recorded its all-time high on May 8, 2021, when it reached $0.74. The all-time high is the highest price ever recorded for Dogecoin since its launch. At the time, the market capitalization of Dogecoin reached $82.43 billion.

Dogecoin has adopted an inflationary model, meaning that the DOGE supply is designed to increase over time. Therefore, there is no maximum hard cap on the supply of DOGE. Miners receive 10,000 DOGE tokens every minute, and 5 billion tokens are added to circulation annually. As of September 2022, over 132 billion DOGE tokens were in circulation.

Although DOGE was created with no vision for long-term growth or adoption, its community has focused on increasing its real-world usage over time. For example, DOGE can be used to purchase movie tickets, Tesla merchandise, or even tip Twitter users.

Like its peers that use the Proof of Work (PoW) mining algorithm, Dogecoin has been the subject of criticism for its substantial carbon footprint. The development team has since responded by announcing that the project will migrate its consensus model to the more environmentally-friendly Proof of Stake (PoS) consensus mechanism.

Easily buy DOGE tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include DOGE/USDT, DOGE/USDC.

You can also buy DOGE with over 99 fiat currencies by selecting the “Express buy” option. Other popular crypto tokens, such as Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for DOGE with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into DOGE, visit the OKX Crypto Converter Calculator. OKX’s high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Currently, one Dogecoin is worth $0.2768. For answers and insight into Dogecoin's price action, you're in the right place. Explore the latest Dogecoin charts and trade responsibly with OKX.
Cryptocurrencies, such as Dogecoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Dogecoin have been created as well.
Check out our Dogecoin price prediction page to forecast future prices and determine your price targets.

Dive deeper into Dogecoin

Dogecoin is a peer-to-peer cryptocurrency based on a Shiba Inu dog internet meme that went viral on social media. Dogecoin was originally created to poke fun at other cryptocurrency projects being launched at the time, but it quickly gained a devoted fan base that discovered and developed new use cases for the asset. DOGE is considered the first memecoin and the first dog coin.

Dogecoin claims to be significantly faster and less expensive than Bitcoin. For example, it can process approximately 33 transactions per second, compared to approximately five transactions per second on the Bitcoin network.

In 2014, members of the Dogecoin team started the Dogecoin Foundation, a non-profit to provide support, governance, advocacy, and trademark protection for the token.

While the native token, DOGE, was initially developed without any specific utility, its use as a digital currency has increased over the years. Reportedly, as of mid-2024, over 2,000 merchants across the world accepted DOGE as payment. To this day, Dogecoin has one of the most robust and vibrant online communities in the crypto space.

How does Dogecoin work?

Dogecoin uses a Proof of Work (PoW) consensus mechanism cloned from Litecoin's network. It uses the Scrypt mining algorithm to validate transactions.

Dogecoin, similar to Bitcoin and other cryptocurrencies and altcoins, can be created through mining. Mining Dogecoin is a way to both support the network and gain new DOGE tokens in the process. This computationally intensive process involves computers competing to solve complex mathematical problems to verify transactions and secure the blockchain network. When miners successfully solve these problems and contribute to the network's security, they're rewarded with DOGE.

Dogecoin's blockchain network allows users to send DOGE to other users anywhere in the world without needing a financial intermediary to process the transaction. Transactions made over the network are permanently recorded and can't be erased or reversed. Dogecoin's network can process up to 40 transactions per second, making it faster than Bitcoin's. It also has much lower transaction fees than Bitcoin.

DOGE price and tokenomics

Dogecoin had a maximum supply of 100 billion tokens on launch, which later changed to an infinite supply. As a result, Dogecoin is inflationary, meaning its supply of circa 145 billion as of mid-2024 will only grow over time. New DOGE tokens are created through mining.

DOGE's circulating supply equals its total supply, indicating that all tokens are in the hands of users, with the development team holding no DOGE. Each year, 5 billion new DOGE tokens are created, giving the cryptocurrency an inflation rate of around 4% — a low figure compared to other inflationary currencies.

Dogecoin prices experience significant volatility, fueled by the inherent volatility of memecoins and the asset's close association with vocal, high-profile individuals such as Elon Musk.

DOGE experienced tremendous popularity and was one of the most trending tokens during the 2021 bull run, cementing its position as one of the top digital assets of the year. The Dogecoin price reached an all-time high of $0.74000 on May 8, 2021.

About the founders

Dogecoin was created by Billy Markus, an IBM software engineer, and Jackson Palmer, senior director of product management at Adobe.

Shiba dog memes had been shared on the internet for a while, and the popular meme drew attention to the token. According to Palmer, the meme supported the accessibility of cryptocurrencies at a time when Bitcoin was viewed as a shady technology linked to the dark web. Dogecoin sparked public interest in learning more about cryptocurrencies. In 2015, Palmer left the cryptocurrency world and denounced the way people were making money from crypto.

The Dogecoin Foundation is a non-profit organization dedicated to promoting the use and development of the Dogecoin network. While the foundation was initially formed in 2014, it has since undergone several changes and periods of inactivity. In 2021, members of the Dogecoin community revived the foundation and began working on a range of initiatives to improve the network's functionality and expand its user base.

In 2021, the foundation began working on a staking mechanism in partnership with Vitalik Buterin, one of the founders of the world's second-largest cryptocurrency by market capitalization, Ethereum.

The foundation has not officially worked with billionaire celebrity Elon Musk, but Musk's tweets and public statements about Dogecoin have helped to boost the token's popularity and price. Some members of the Dogecoin community have expressed hope that Musk will become more directly involved with the foundation in the future.

Dogecoin Foundation

Set up in 2014, the Dogecoin Foundation became inactive for a period and was eventually dissolved. In 2021, the foundation was relaunched with a board consisting of members of the core team and seasoned industry players, including Ethereum co-founder Vitalk Buterin, as advisors.

The foundation works to develop new features and maintain the project to improve its utility. February 10, 2024 saw the foundation launch its 2024 roadmap which outlines developments to enhance Dogecoin's existing projects and introduce new initiatives that strengthen the project. One major inclusion in the roadmap was the official adoption of RadioDoge, which seeks to expand Dogecoin's reach into under-served areas with unreliable or no internet connectivity. RadioDoge combines long-range RF protocols and the Starlink satellite network — operated by Elon Musk's SpaceX — to provide more reliable connectivity.

Dogecoin and Elon Musk

Celebrity entrepreneur and billionaire Elon Musk has often publicly displayed his strong interest in and support for Dogecoin. Musk, known to be an avid fan of memes, has endorsed the project several times, often sparking massive user interest and optimism, along with wild speculation. He usually takes to X — the platform he now owns — to express his positive views and hopes for the memecoin.

The "Dogefather," as he is called, began showing his support for Dogecoin in late 2020 in a post on X (then Twitter) and has continued to share his thoughts about Dogecoin ever since. Due to Musk's status and popularity, the DOGE price can fluctuate wildly whenever he mentions the token, adding to its already high volatility.

Musk has not only expressed favorable views on the project but has even taken steps to promote it. For example, he heralded the acceptance of Dogecoin by Tesla, the world's largest automaker – a company he runs. Another of his companies, SpaceX, also announced that it would fund a rideshare mission to the moon entirely in Dogecoin, making the mission the first of its kind.

Meanwhile, Musk has crowdsourced ideas for the development of Dogecoin and even promised to work with Dogecoin's development team to improve the blockchain. His actions could also be said to have inspired other famous celebrities and influential people, such as Mark Cuban and Snoop Dogg, to support Dogecoin.

Musk's actions, however, have not been welcomed by all. He has often been accused of manipulating Dogecoin with his comments, a claim echoed by Dogecoin co-founder Jackson Palmer, who left the project in 2015.

What is Dogecoin's GigaWallet project

The Dogecoin team has often reiterated its commitment to making sure that Dogecoin has utility beyond just being a popular meme. As such, they've embarked on several projects to improve the usefulness of the memecoin. One such project is GigaWallet, which aims to build an enterprise-grade service that merchants can easily adopt to accept and process Dogecoin transactions.

What is the Dogecoin Standard

The Dogecoin Standard refers to the specifications and rules that define how the cryptocurrency operates, including its consensus algorithm, block time, mining reward, and other technical details. It's the foundation that allows the Dogecoin network to function as a decentralized and secure system for transferring value.

What Is Dogecoin's Libdogecoin

Libdogecoin is an open-source software library that provides developers with the tools and resources they need to build decentralized finance (DeFi) applications and services that interact with the Dogecoin network, without the need for them to have extensive knowledge of how Dogecoin works. It's essentially a collection of programming code and libraries that simplify the process of building new software that uses the Dogecoin Standard. With Libdogecoin, developers can easily write code that interacts with the Dogecoin network, creating new applications that allow users to send and receive Dogecoin, manage their wallets, and interact with other users on the network.

DOGE adoption by Tesla, SpaceX, and the Dallas Mavericks

The 2021 bull market brought a surge of interest to Dogecoin, and high-profile examples of the asset's adoption. In March 2021, billionaire Mark Cuban announced that the Dallas Mavericks NBA team would accept DOGE for ticket and product purchases. In just two days, the Mavericks processed a record-breaking 20,000+ transactions in DOGE.

Then, during January 2022, automaker Tesla began accepting DOGE payments for merchandise in its store, as announced a month earlier by CEO Elon Musk. The price of DOGE spiked 11 percent before the feature went live. Musk also announced in 2022 that Tesla's supercharging station in Santa Monica would accept DOGE. What's more, the entrepreneur declared that aerospace company SpaceX will begin accepting DOGE payments for their merchandise, and will fund a mission to the moon called DOGE-1 with DOGE. Several notable companies, like AMC, have followed suit in their acceptance of Dogecoin.

Latest Dogecoin news

March 2024 saw the DOGE price surge to its highest level since December 2021 following speculation the token would be integrated with X. Fueling the move was commentary around X's payment division being awarded new licences in the U.S., which led some to suggest this would open the door to crypto payments on the platform. In the same month, Dogecoin overtook blockchain platform Cardano to become the ninth biggest cryptocurrency by market cap.

In May 2024, Donald Trump announced that he'd begin accepting cryptocurrencies including Dogecoin as political donations, as the Republican presidential nominee signalled his support of digital assets. SHIB, XRP, and BTC were also among the tokens accepted by the Trump campaign towards his election bid. In July 2024, a Bloomberg article spotlighted how migrants in Venezuela have turned to cryptocurrencies including Dogecoin for remittance transfers, citing the low transactions fees involved.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$41.81B #7
Circulating supply
150.98B / 151B
All-time high
$0.74
24h volume
$4.03B
3.9 / 5
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