Dogecoin statistics Australia 2021
Essential Dogecoin statistics for any investor.
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An Internet joke that may have gone too far, Dogecoin now makes up 3% of the total value of the biggest 250 cryptocurrency coins as of June 2021. – which is no small feat.
Created back in 2013, only the smallest pockets of the Internet could see Dogecoin growing to what it is today. While its current value is not much compared to the crypto giants, Dogecoin's price has soared in price since its inception and peaked at $0.93 back in May 2021. The current price of Dogecoin is $0.40, which is 26% lower than what it was just 1 month ago. All prices are quoted in Australian dollars.
Over the last 24 hours, the price of Dogecoin has changed by -$0.018, with a 24-hour low of $0.39 and a high of $0.42. The number of Dogecoin currently in circulation is 129,980,499,848, with no maximum supply cap in place.
Dogecoin is the sixth biggest cryptocurrency in terms of market capitalisation (total value in existence) and there is currently $52 billion worth of Dogecoin out in the wild. Dogecoin surpassed a market cap of $100 billion for the first time in May 2021. Bitcoin, the most popular cryptocurrency, has a market cap of $874 billion.
Over the last 24 hours, there has been $3 billion worth of Dogecoin traded. The graph below depicts the volume of Dogecoin traded daily. This figure can be somewhat volatile, with $1 billion being traded on one of its worst days and $66 billion on one of its best.
The price of Dogecoin can also be very volatile with Elon Musk seen as the biggest contributor to major price swings. On 8 May 2021 he appeared on Saturday Night Live and spoke about Dogecoin, which caused the price to drop by 35%. While there are some excellent guides out there covering how to invest in Dogecoin, it would be wise to invest with caution.
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