About Dogecoin
Dogecoin started in 2013 as a joke but became one of the most widely held cryptocurrencies. It has no supply cap and its price is heavily influenced by social-media sentiment.
What moves the Dogecoin price
- Social-media attention and retail flows.
- Payment acceptance announcements.
- Overall risk appetite in crypto.
- Exchange liquidity.
From joke to top-10 coin
Dogecoin began as a light-hearted fork of the Litecoin and Bitcoin codebase, named after an internet meme. Its friendly community and tipping culture kept it alive, and celebrity endorsements and social-media attention later turned it into one of the largest cryptocurrencies by market value. Its price is driven far more by sentiment and attention than by technology or fees.
Inflation without a cap
Unlike Bitcoin, Dogecoin has no maximum supply. A fixed 10,000 DOGE is created with every block, which adds roughly 5 billion coins each year. Because that amount is fixed, the percentage inflation rate slowly falls as total supply grows. High concentration of coins in a few large wallets and leverage in perpetual futures add to volatility.
Key facts
| Launched | December 2013 |
|---|---|
| Consensus | Proof of Work (Scrypt), merge-mined with Litecoin |
| Block time | About 1 minute |
| Issuance | 10,000 DOGE per block, about 5 billion DOGE a year |
| Supply cap | None |
Crypto trades 24/7 on many exchanges, so prices vary slightly between venues.
Dogecoin FAQ
What moves the price of Dogecoin?
Social-media attention and retail flows. Payment acceptance announcements. Overall risk appetite in crypto. Exchange liquidity.
Does Dogecoin trade 24/7?
Yes. Dogecoin trades around the clock on many exchanges worldwide, so prices differ slightly between venues and liquidity is usually thinner at weekends.
Where does the Dogecoin data on this page come from?
The chart and technical gauge use the BINANCE:DOGEUSDT pair via TradingView; market cap, supply and 24-hour data come from CoinGecko and refresh about every 15 minutes.
Does Dogecoin have a maximum supply?
No. About 5 billion new DOGE are created each year, a fixed amount that represents a slowly falling percentage of supply.
Why is Dogecoin so volatile?
Its price depends heavily on social-media attention and speculative trading rather than on fee revenue or usage.