Dogecoin cryptocurrency

Low: 0.0000 on 01/01/1970 Dogecoin price chart Another reason behind its current success is said to be a Reddit group called SatoshiStreetBets, where members built up an enthusiasm for the cryptocurrency in a manner similar that led to the rise of GameStop earlier this year. The group’s name refers to Satoshi Nakamoto, the screen name of the person or group of persons behind Bitcoin.

The current Dogecoin price today is €0.0852. In the last 24 hours, the Dogecoin price has risen by ▲ 2.84%, this is a value rise of €0.002417 euros. Currently, there are 142,331,236,383.705 DOGE in circulation with a market value of €12,287,205,304.00 euros. All values are updated live and in real-time on our price chart. Features that affect price of Dogecoin right now In July 2020, the price of Dogecoin spiked following a TikTok trend aimed at getting Dogecoin to $1.

One of the most important factors in DOGE’s previous price action has been social media. The sudden upward spike Dogecoin experienced in July 2020 was the result of a TikTok trend that aimed to push the coin’s price up to $1. The price of DOGE also reacted favourably when it was tweeted about by celebrities – most notably Tesla CEO Elon Musk and Snoop Dogg. Advertise With Us The Relative Strength Index (RSI) for Dogecoin stands at 28, indicating that the asset is currently in the oversold territory, which often precedes a potential upward price movement.

Dogecoin tokens first entered circulation at the tail end of 2013. Our historical Dogecoin chart data shows that the price of DOGE was $0.000204 on December 15, 2013. Since then, the memecoin has experienced a turbulent ride consisting of immense price swings. Case in point, in the first seven days, the price of Dogecoin rallied by over 650% to $0.001520 only to plunge by 80% in the next week. A Look Into the Digital Dogecoin Wallet Article h2:first-childarticle > div > p:first-childLike Litecoin, Dogecoin is secured using proof-of-work (PoW) consensus via the Scrypt algorithm. Dogecoin operates on a one-minute block time.