Dogecoin Profile

DOGE
 Crypto
  

USD 0.06  0.0015  2.48%   

Market Performance
0 of 100
Odds Of Distress
Over 60
Dogecoin is trading at 0.062 as of the 26th of September 2022, a 2.48% increase since the beginning of the trading day. Dogecoin has more than 60 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Cryptocurrency ratings for Dogecoin are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of October 2020 and ending today, the 26th of September 2022. Click here to learn more.
Dogecoin is peer-to-peer digital currency powered by the Blockchain technology. More on Dogecoin

Moving together with Dogecoin

+0.75BTCBitcoinPairCorr
Dogecoin is an online market maker for p-2-p internet money denominated as Cryptocurrency. Dogecoin has been active in the last 3 months, and it is presently expressing a bullish sentiment. Cryptocurrencies such as Dogecoin are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Dogecoin are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Dogecoin Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Dogecoin's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Dogecoin or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Dogecoin generated a negative expected return over the last 90 days
Dogecoin has some characteristics of a very speculative cryptocurrency
Dogecoin has high historical volatility and very poor performance
Latest headline from Macroaxis: Thing to know about Dogecoin cryptocurrency
Thematic IdeaUSD Crypto Fund (view all)
Dogecoin is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 37 exchanges in multiple currencies. A Bitcoin clone that has reached success through clever marketing. Over the past years, thousands of new cryptocurrencies have been created but not many have instantly carved out a niche. Dogecoin has sponsored multiple high profile events such as Nascar teams and the winter Olympics - even so, there are few locations to use the coin - and instead, it has become a de facto internet tipping currency. The coin has produced 100 billion units by the end of 2014 and is now producing roughly 5 billion units per year.
AlgorithmScrypt
Coin TypeDogecoin
Proof TypePoW
IndustryFinancial and Insurance Activities
FINMAPayment
FCAExchange
AccessPermissionless
Collateralized AssetNo
SymbolDOGE
Difficulty5.92 Million
RatingC+
Technology Adoption RatingB-
Market Performance RatingE+
NameDOGE
Sponsoredfalse
Block Reward10,000
White PaperView
Block Time64.0
Is Tradingtrue
Algorithm Typescrypt
Net Hashes Per Second397.01 Trillion
Asset Launch Date2013-12-06
Full NameDogecoin (DOGE)
Asset Website Urlhttp://dogecoin.com/
Block Number4.4 Million
Platform Typeblockchain
Coin NameDogecoin
Total Coins Mined136.18 Billion
Dogecoin (DOGE) is traded on CRYPTO Exchanges. Dogecoin is peer-to-peer digital currency powered by the Blockchain technology.

Dogecoin's Exchanges and Markets

EXX FCoin ZBG Coinbase Kraken Poloniex BitMart Binance Korbit DigiFinex Kuna BCEX Bitkub Bleutrade Gemini Bgogo Bithumb LBank Liquid Nuex HitBTC Bitfinex Yobit ZB Catex Kucoin Hikenex Exmo Graviex Tidex Coinone P2PB2B Bibox CBX Bitso CoinEx BigONE

Dogecoin Target Price Odds Analysis

What are Dogecoin's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Dogecoin jumping above the current price in 90 days from now is about 80.39%. The Dogecoin probability density function shows the probability of Dogecoin crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Dogecoin has a beta of -0.6106 suggesting as returns on benchmark increase, returns on holding Dogecoin are expected to decrease at a much lower rate. During the bear market, however, Dogecoin is likely to outperform the market. Additionally, the company has an alpha of 0.352, implying that it can generate a 0.35 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 0.062HorizonTargetOdds Above 0.062
19.49%90 days
 0.06 
80.39%
Based on a normal probability distribution, the odds of Dogecoin to move above the current price in 90 days from now is about 80.39 (This Dogecoin probability density function shows the probability of Dogecoin Crypto Coin to fall within a particular range of prices over 90 days) .

Thing to know about Dogecoin (DOGE) cryptocurrency

DOGE crypto was developed by two software engineers, Jackson Palmer and Billy Marcus, in 2013. The name and Dogecoin's brand logo are based on a popular meme that featured the Shiba Inu dog. The primary purpose of developing the coin was to increase public awareness of the capabilities of blockchain. Through the collaboration of a massive online community, including Snoop Dogg, Mark Cuban, and Elon Musk, Dogecoin grew by 4,000% in 2021. The value of Dogecoin remained relatively stagnant since its inception but started to increase rapidly. The lowest price ever reached was $0.00008547.

How Dogecoin Works

Dogecoin is based on blockchain technology which functions similarly to most cryptocurrencies. It uses a secure and distributed digital ledger to store and record all the transactions made on the network. The network utilizes cryptography to keep all transactions secure. Dogecoin employs the 'proof-of-work' mining concept, in which miners use supercomputers to process and record all transactions made on the network. The process involves solving complex mathematical problems to execute transactions. Miners are paid by Dogecoins, which they can either keep in their crypto wallets or sell on the cryptocurrency exchanges.

Dogecoin may be used to make purchases and payments. However, it is not a stable store of value because it is extremely inflationary by design. This is primarily because there is no limit on the total number of DOGE that can be produced through mining. The coin has a block time of 60 seconds which makes it faster than Bitcoin and Litecoin. This feature enables it to process more transactions per second than its competitors while remaining energy efficient at the same time. It has become popular because it's easy to set up and use as well as being cheap on electricity usage, so anyone can become an instant miner if they have access to a computer with internet access.

How to Buy Dogecoin

You can buy Dogecoin on several cryptocurrency exchanges. Therefore, start by creating an account with a crypto exchange that accepts Dogecoins. Then you can fund the account with either U.S. dollars or other digital currencies.

Another way is to buy a crypto wallet that provides you with private keys that allows you to keep your Dogecoins out of the cryptocurrency exchange. A cryptocurrency wallet increases security in an event of a hack or an attack on the crypto exchange.

Dogecoin as an Investment

One of the challenges facing crypto adoption is scalability; DOGE has never had this problem. DOGE has never had issues with network breakdown and slow transaction speeds. This is what keeps Dogecoin at the forefront of other cryptocurrencies. Another reason why so many people are looking into investing in it is that it has been growing rapidly in value over the past few years. Since long-term value growth and adoption are connected, Dogecoin appears to be a wise crypto investment, especially for those with a long-term perspective on the crypto market. Dogecoin is also used on Reddit, Twitter, and other social media platforms to send money to friends or strangers. It's also popular with developers who use blockchain to build tools and applications used in their projects.

Dogecoin Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Dogecoin market risk premium is the additional return an investor will receive from holding Dogecoin long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Dogecoin. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Dogecoin's alpha and beta are two of the key measurements used to evaluate Dogecoin's performance over the market, the standard measures of volatility play an important role as well.

Dogecoin Technical Analysis

When it comes to investing in cryptocurrency, such as Dogecoin, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Dogecoin, which is currently traded at 0.062, shows everything you need to know about Dogecoin market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Dogecoin, to determine its price movements. However, the Dogecoin's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Dogecoin's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Dogecoin's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Dogecoin Price Ceiling Movement function is a real number to the largest previous price integer.
.

Dogecoin Against Markets

Picking the right benchmark for Dogecoin crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Dogecoin crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Dogecoin is critical whether you are bullish or bearish towards Dogecoin at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Dogecoin without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

Did you try this?

Run Insider Screener Now

   

Insider Screener

Find insiders across different sectors to evaluate their impact on performance
All  Next Launch Module

How to invest in Dogecoin

You need to understand the risk of getting into digital currencies such as DOGE before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Dogecoin in four ways:

Buy DOGE through an exchange

Get yourself a crypto wallet before embarking on your Dogecoin journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Dogecoin. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Dogecoin through an exchange

You don't have to buy a full token when starting out since DOGE is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Dogecoin through a broker

If you don't want to store your Dogecoin Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in DOGE through an exchange-traded fund (ETF)

You can also invest in DOGE through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Dogecoin in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Continue to Investing Opportunities. Note that the Dogecoin information on this page should be used as a complementary analysis to other Dogecoin's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Other Tools for Dogecoin Crypto Coin

When running Dogecoin price analysis, check to measure Dogecoin's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Dogecoin is operating at the current time. Most of Dogecoin's value examination focuses on studying past and present price actions to predict the probability of Dogecoin's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Dogecoin's coin price. Additionally, you may evaluate how adding Dogecoin to your portfolios can decrease your overall portfolio volatility.
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go