Dezember 2013 veröffentlicht.[4][5] Obwohl ursprünglich als Spaß-Kryptowährung und Parodie auf Bitcoin und die schnell wachsende Anzahl an Komplementärwährungen gedacht, stieg der Wechselkurs von Dogecoin nach US-Dollars in den ersten zwei Wochen rasant. Am 19. Dezember 2013 erhielt man für 1.050 DOGE einen US-Dollar und an der Marktkapitalisierung gemessen, war Dogecoin mit 8,79 Millionen US-Dollar die neuntgrößte Kryptowährung.[6] Das Logo der Münze zeigt einen Shiba, auf dem „Doge“ basiert. Am 10. Januar 2014, nur rund vier Wochen nach der Veröffentlichung, waren bereits 25 % aller Dogecoins durch Mining erstellt.[7] Am 19. Januar 2014 sammelte die Dogecoin-Community Dogecoins im Wert von rund 30.000 US-Dollar für eine mögliche Olympiateilnahme von Jamaikas Bobteam.

6/9 dogecoin

At the current price per token of $0.08, their combined value stands at $11 billion. That means if the price were to soar to $1, the total value of all Dogecoin tokens would simply be $134 billion.

That’s a lofty figure and it would take the discovery of some serious utility for the meme cryptocurrency to reach such heights, but compared to its peer Shiba Inu, it’s not outside the realm of possibility.

There are currently 589 trillion Shiba Inu tokens in supply, so if that cryptocurrency hit $1 it would command a market valuation of $589 trillion.
That’s greater than the value of all the recorded wealth on Earth right now. Suddenly, $134 billion doesn’t sound so ridiculous.

How Dogecoin could get there

It’s clear that Tesla’s willingness to accept Dogecoin for minor goods hasn’t given the token the long-term lift many investors expected.

6/9 doge

2021 was a breakout year for cryptocurrencies, with blockbuster returns across the board that sent the cumulative value of the sector beyond $2.9 trillion at its peak.

But so far, 2022 has been the opposite, with that figure cut by more than half.

Controversial meme token Dogecoin(DOGE-0.82%) was among the best performers last year, clocking a 15,500% gain from its 2021 opening price to its all-time high of $0.74. But unfortunately for investors who bought in near the top, Dogecoin has lost 88% of its value, and trades at $0.08 as of this writing.

Elon Musk, the CEO of electric vehicle giant Tesla, sparked Dogecoin’s initial surge by accepting it as payment for company merchandise.

Now, he says his space exploration company, SpaceX, will also begin accepting the token soon.

Dogecoin 6/9 event

So, what really stands in the way of Dogecoin revisiting its all-time high, or even reaching $1?

Image source: Getty Images.

There are a few hurdles

Cryptocurrencies are broadly popular for their decentralized, unregulated nature, which has previously allowed holders to remain anonymous and, in some cases, escape tax obligations. But that could all change for U.S. citizens as soon as next year under a set of proposed laws that would require cryptocurrency brokers to report their clients’ trading activity to the IRS.

In addition, cryptocurrency exchanges could be bound by strict new compliance rules as the Securities and Exchange Commission (SEC) seeks to classify tokens as securities.

These changes will likely dampen the appeal of cryptocurrencies for many retail investors, in addition to driving up the cost of trading them.

Dogecoin 6/9/21

It’s therefore unlikely that expanding this initiative to SpaceX will make any meaningful difference. In fact, without broad-based adoption, Dogecoin is going to struggle to hold onto any gains it manages to generate.

Shiba Inu is trying to boost its price by instead burning tokens to remove them from circulation forever, reducing the overall supply and, in turn, lifting the value per token organically.

Unfortunately for holders, a rise in the price per token will be entirely offset by the loss incurred when their own tokens are burned in proportion, in theory, if the move works as intended.

The metaverse is one way Shiba Inu developers are facilitating the burn.

Dogecoin 6/9/2021

Februar 2015[21] pro JahrKein Limit

Siehe auch[Bearbeiten|Quelltext bearbeiten]

  • Liste von Kryptowährungen

Literatur[Bearbeiten|Quelltext bearbeiten]

  • Caspar Shaller: Internetwährung: „Many Money“ macht Ernst. In: Die Zeit. Nr. 4, 16. Januar 2014
  • Offizielle Dogecoin-Website
  • Github-Repository (englisch)
  • Medium-Repository (englisch)

Einzelnachweise[Bearbeiten|Quelltext bearbeiten]

  1. ↑
  2. ↑
  3. ↑Dogecoin Is Like Bitcoin, But Based on a Meme, and Almost Worthless.
    12. Dezember 2013, abgerufen am 29. Januar 2022 (englisch).
  4. ↑Dogecoin – very currency many coin – v1.10.0. Abgerufen am 29.

DOGE Price Today

Dogecoin price today is $0.067390632280 with a 24-hour trading volume of $375,909,234. DOGE price is down -0.4% in the last 24 hours. It has a circulating supply of 130 Billion DOGE coins and a total supply of ∞.

If you are looking to buy or sell Dogecoin, Dcoin is currently the most active exchange.

What was the highest price for Dogecoin?

Dogecoin hit an all time high of $0.731578 on May 08, 2021 (about 1 year).

What was the lowest price for Dogecoin?

Dogecoin had an all time low of $0.000086903757 on May 06, 2015 (about 7 years).

What was the 24 hour trading volume of Dogecoin?

The 24 hour trading volume of Dogecoin is $375,909,234.

Where can Dogecoin be traded?

You can trade Dogecoin on Dcoin, BKEX, and Coinbase Exchange.

Popular trading pairs for Dogecoin in the market includes DOGE/USD, DOGE/CAD, DOGE/EUR, DOGE/PHP, DOGE/INR, and DOGE/IDR.

What is Dogecoin (DOGE)?

Dogecoin is a cryptocurrency that was created on December 6th, 2013 based on the popular “Doge” Internet meme and features a Shiba Inu on its logo.

The codebase of the project was a fork of Litecoin, in which most of the same features such hash hashing algorithm were inherited, with the only difference of branding and large inflationary supply.

Introduced as a “joke currency”, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter.

As of 30 June 2015, the 100 billionth Dogecoin had been mined.

Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience.
Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.

The developers of Dogecoin haven’t made any major changes to the coin since 2015.
This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community.

That raises another key issue: adoption. The endorsement of Musk and his companies is positive; Dogecoin is still holding onto a tenfold gain since the Tesla merchandise announcement. But that one deal hasn’t been enough to arrest the strong downtrend since the hype wore off, exacerbated by the fact that only 2,058 merchants accept the token as payment, worldwide.

It’s worth noting, though, that another one of those merchants is the global luxury fashion brand Gucci.

The bottom line is that if consumers can’t spend Dogecoin every day to buy their favorite goods and services, then this will remain a barrier to the widespread adoption the token needs to generate meaningful price gains from here.

Reaching $1 is unlikely, but not impossible

There are approximately 134 billion Dogecoin tokens in circulation right now.

Juni 2022, an der Marktkapitalisierung gemessen, die zehntgrößte Kryptowährung.[6]

Unterschiede zu Bitcoin[Bearbeiten|Quelltext bearbeiten]

Ebenso wie Litecoin verwendet Dogecoin scrypt in seinem Proof-of-Work-Algorithmus. Im Unterschied zu den Litecoins beträgt die Dauer zum Erstellen eines neuen Blocks 1 Minute (Litecoins: 2,5 Minuten).

Der größte Unterschied im Vergleich zu anderen Kryptowährungen ist jedoch die immense Zahl an Münzen, die generiert werden können. Während Bitcoin und Litecoin auf insgesamt 21 Millionen respektive 84 Millionen Münzen limitiert sind, war Dogecoin auf ursprünglich 100 Milliarden Münzen ausgelegt.

Am 2.

Dogecoin investors took to Twitter Wednesday to try to push the value of the meme-based cryptocurrency to $1 in value.

Why are Dogecoin investors trying to reach $1 now?

Social media users tweeted their beliefs in Dogecoin using the hashtag #DogeCoinTo1Dollar, which was one of the top trending hashtags Wednesday morning.

The recent push began after Dogecoin saw a more than 30% spike in value. The jump came shortly after Tesla CEO Elon Musk tweeted a meme with the Dogecoin dog — a Shiba Inu dog — on social media.

Another reason for the spike is that Coinbase Pro announced Tuesday that Dogecoin will soon be made available on its assets exchange platform, where trading is allowed.

  • Doge will be available for trading on Coinbase Pro — a digital assets exchange website — beginning at 10 a.m.

Similar Posts:

Leave a comment