Dogecoin
Last modified on 11. October 2020
Quick Facts
The user known as Dogecoin introduced Dogecoin on 8 December 2013 via bitcointalk.org. coinmarketcap.com began the tracking of real-time trading data in January 2014.
Quarterly Averages
This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.
Trading Volume & Market Capitalization
For example, the average trading volume of Dogecoin during the first trimester of 2019 was nearly US$ 17.5 m per day. Over the same time frame in 2018, this figure came to nearly US$ 35.3 m. The trading volume dropped by 50.4 percent accordingly.
For the first trimester of 2019, the average market capitalization equated to nearly US$ 243 m. In the same period of 2018, this figure came to nearly US$ 727 m. Market capitalization dropped down accordingly by 66.6 percent.
Trading Price
The all-time high of Dogecoin in 2018
The price of the Dogecoin currency reached a high in January 2018 at US$ 0.018773. At this trading price, the coin reached a market capitalization of over US$ 1.9 billion. This put Dogecoin in the ballpark of certain other digital currencies, such as BitShares, Populous, Dentacoin, Binance Coin and Status, among others.
Dogecoins all-time high compared to Bitcoin and the most renowned companies worldwide
Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 277 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 890 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 108 billion.
- Dogecoin (DOGE): 1.9 bn US dollars
- Bitcoin (BTC): 277 bn US dollars
- Apple (AAPL): 890 bn US dollars
- VW (VWAGY): 108 bn US dollars
- Date: 7 January 2018
March 2019: an interesting date following the big cryptocurrency crash
On 1 March 2019, the price of Dogecoin stood at US$ 0.002020 with a market capitalization of over US$ 236 million. In comparison with the highest trading price described above, this represents a retracement down to approximately 10.8 percent.
Around that time, Ethereum dropped to about 9.7 and Bitcoin to approximately 19.5 percent of their all-time-high trading prices.
More Details
The Dogecoin is a native coin and is generated through mining. It has no maximum number of coins, unlike TRON, for example. Those interested in the source code should also take a look at the GitHub page.
Block height and other real-time metrics around current Dogecoin transactions can be traced through this block explorer.
Further information about Dogecoin, including the white paper and other links to source code, community forums and social media accounts can be found on http://dogecoin.com.
Markets
EUR
A large market for buying or selling Dogecoin in EUR is Kraken. There are additional platforms where you can buy or sell Dogecoin, including LiteBit.eu and Bittylicious.
USD
Two large markets for buying or selling Dogecoin in USD are Kraken and Binance. There are additional platforms where you can buy or sell Dogecoin, including ZB.COM, BitForex and HitBTC, among others.
BTC
A large market for buying or selling Dogecoin in BTC is Binance. There are additional platforms where you can buy or sell Dogecoin, including VCC Exchange, HitBTC and Coinsbit, among others.
Social Links
You can contact the Dogecoin team directly by going to the following social media channel:
1. This figure changes to 0.2235 percent when taking Bitcoin out of the equation.