# Dogecoin Price (DOGE/USD) | Today’s Price

Date range

Updated
All time high:

High (24H):

Low (24H):

Volume (24H):

Market cap:

39
-0.34%
Performance:

31

Trustworthiness:

50

The NextAdvisor Investability Score gives crypto investors a comprehensive view of a coin’s performance. We consider nine general factors covering nearly 30 unique data points — grouped by performance and trustworthiness — to score each coin between 0 and 100. For a dynamic and representative score, we use the top 85 cryptos by market cap as a basis for comparing performance.

Performance:

We measure a coin's performance based on the following:

Market Cap:

2

Liquidity: 0.05

8

Age: 8 years, 7 months

2

Volatility: 5.36%

91

Value Growth: -72.31%

6

Trustworthiness:

We measure trustworthiness based on the following 23 criteria:

Use Case: 14 / 100
• Clear purpose?
• How the coin works?
• Real-world utility?
• Initial coin distribution?
• Analysis to validate claims?
• Future project milestones?
• Previously hit milestones?
Transparency: 33 / 100
• Clear, accessible website?
• Founders publicly known?
• White paper?
• Free of major legal issues?
• Free of fraud accusations?
Availability: 86 / 100
• Coinbase
• Gemini
• eToro
• Kraken
• FTX
• Crypto.com
• Binance.US
Credibility: 67 / 100
• Multiple major investors?
• Reputable team?
• Robust online community?

### How to Use This Price Tracker

Cryptocurrency pricing data can help investors find opportunities in the market and make more informed investment decisions. NextAdvisor’s price tracker shows historical price, trading volume, market capitalization, and other important metrics for investors, especially those who are just starting to dip their toes into crypto investing.

While everyday investors probably don’t need every last bell and whistle to make informed investment decisions, there are some generally applicable key crypto metrics and indicators worth considering:

### Crypto Indicators and Metrics for Beginner Investors

Price: As with any investment, price is where it starts and ends for investors. Pricing is highly volatile in cryptocurrency, but viewed over time can give investors an idea of how a given coin’s value has gone up (or down) over time.

Market Capitalization: In general, the higher the value of the market cap the safer the investment. Market cap is the total value of a cryptocurrency, and is calculated by multiplying the price of the cryptocurrency with the number of coins in circulation. The amount of tokens or coins circulating can be viewed as an indicator of a coin’s demand.

Volume: Higher volume typically means a given cryptocurrency has more market liquidity, meaning more ability for investors to sell an investment when they want to realize a profit. It represents how much crypto is bought and sold over a period of time, typically 24 hours.

Dogecoin was created as a joke, but that hasn’t stopped it from rising to the top of the crypto charts.

It’s the infamous meme coin that took the internet by storm in 2021, though it’s been around for nearly a decade. Dogecoin (DOGE) was created in 2013 by two programmers, Billy Markus and Jackson Palmer, who set out to expose the silliness of the crypto craze by creating their own virtual money based on a meme about a talking Shiba Inu puppy.

Fast forward to 2022, the digital currency that was created as a joke is consistently among the top 10 cryptocurrencies by market cap. Its price skyrocketed by more than 1,600% last year, spurred in part by the meme stock frenzy and celebrity promotion from the likes of Tesla’s Elon Musk, rapper Snoop Dogg, and entrepreneur Mark Cuban.

“Dogecoin is endemic of the last two years of speculative mania in different asset classes, not just cryptocurrencies,” says Omar Qureshi, managing partner at High Tower Wealth Advisors. “Dogecoin was an extension of the Reddit and GameStop interest in sticking it to the system, and it just hasn’t had staying power.”

## How Does Dogecoin Work?

Like other cryptocurrencies, dogecoin runs on its own blockchain. It can used for sending payments to others or making purchases, but experts advise against it as it’s not a very effective store of value nor does it have any real use case.

Dogecoin was designed by copying code on Luckycoin, which is itself derived from Litecoin, another peer-to-peer cryptocurrency. Similar to bitcoin, dogecoin uses a proof of work consensus mechanism to validate every blockchain transaction, which requires a lot of computing power.

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