An Internet joke that may have gone too far, Dogecoin now makes up of the total value of the biggest 250 cryptocurrency coins as of . – 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 back in . The current price of Dogecoin is , which is than what it was just 1 month ago. All prices are quoted in Australian dollars.
The chart above is an index that compares the performance of both Dogecoin and Bitcoin over the last 90 days. An increase in the index from 100 to 110 would represent a 10 percentage point increase in the value of that coin. Bitcoin has by over the last 3 months while Dogecoin has by over the same period.
Over the last 24 hours, the price of Dogecoin has changed by , with a 24-hour low of and a high of . The number of Dogecoin currently in circulation is , with no maximum supply cap in place.
Dogecoin is the biggest cryptocurrency in terms of market capitalisation (total value in existence) and there is currently 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 $796 billion.
Over the last 24 hours, there has been worth of Dogecoin traded. The graph below depicts the volume of Dogecoin traded daily. This figure can be somewhat volatile, with being traded on one of its worst days and 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. If you are after more statistics on other cryptocurrencies, head to our cryptocurrency statistics page for everything crypto.
Patrick Tedesco is Finder's international insights analyst, digging through data to help Finder's audience understand new trends and make better decisions. Patrick has a Bachelors degree in Information Technology. Outside work, you'll find him on the basketball court or keeping up with the latest tech trends.
Every three months, Finder empanels a range of industry specialists to get a pulse on what the future holds for crypto. This is a summary of those findings.
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