Dogecoin Profile

DOGE
 Crypto
  

USD 0.07  0.0006  0.87%   

Market Performance
0 of 100
Odds Of Distress
Over 54
Dogecoin is trading at 0.0692 as of the 9th of August 2022, a 0.87 percent increase since the beginning of the trading day. Dogecoin has 54 percent odds of going through some form of financial distress in the next two years and has generated negative returns to 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 10th of July 2022 and ending today, the 9th of August 2022. Click here to learn more.
Dogecoin is peer-to-peer digital currency powered by the Blockchain technology. A Bitcoin clone that has reached success through clever marketing. Over the past year well over a hundred new cryptocurrencies have been created but not many have instantly carved out a niche. More on Dogecoin

Moving together with Dogecoin

0.88BTCBitcoinPairCorr
0.92LTCLitecoinPairCorr
0.68XMRMoneroPairCorr
0.9BCHBitcoin CashPairCorr
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 reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Dogecoin's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Dogecoin or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Dogecoin generated a negative expected return over the last 90 days
Dogecoin has high historical volatility and very poor performance
Dogecoin has some characteristics of a very speculative cryptocurrency
Latest headline from www.cnbc.com: Bitcoin dips, Binance.US delists AMP token, and hackers steal 200 million from Nomad - CNBC
Exchanges
Bgogo Bibox BigONE Binance BitMart Bitfinex Bitlish Bitsane Bleutrade CBX Catex CoinEx Coinbase Cryptopia DigiFinex EXX FCoin Graviex HitBTC IDAX Kraken Kucoin Kuna LBank Liquid P2PB2B Poloniex TradeSatoshi ZB ZBG Zecoex CryptoExchangeWS OpenLedger Bitkub Bithumb Coinone Korbit Exmo ExtStock Yacuna BitFlip CCEDK BTER Bitso CCEX Gemini Yobit Abucoins BCEX BTC38 BitGrail Coinse Hikenex InstantBitex Nuex Tidex TuxExchange XS2
AlgorithmScrypt
Coin TypeDogecoin
Proof TypePoW
TechnologyBlockchain
Current Block Number4.3 M
Average Time To Mine a Block63.0
Current Network Hashes per Second347089.3 B
Total Coins Mined135.6 Billion
Latest Block Reward10 K
Dogecoin (DOGE) is traded on CRYPTO Exchange. Dogecoin is peer-to-peer digital currency powered by the Blockchain technology. A Bitcoin clone that has reached success through clever marketing. Over the past year well over a hundred 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.Blockchain data provided by: Blockchair (Main Source), DogeChain (Backup), and WhatToMine (Block Reward and Time only)Discord | Facebook

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 62.2%. 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 0.832 suggesting as returns on the market go up, Dogecoin average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Dogecoin will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Dogecoin is significantly underperforming DOW.
  Odds Below 0.0692HorizonTargetOdds Above 0.0692
37.69%90 days
 0.07 
62.20%
Based on a normal probability distribution, the odds of Dogecoin to move above the current price in 90 days from now is about 62.2 (This Dogecoin probability density function shows the probability of Dogecoin Crypto Coin to fall within a particular range of prices over 90 days) .
Dogecoin is peer-to-peer digital currency powered by the Blockchain technology. A Bitcoin clone that has reached success through clever marketing. Over the past year well over a hundred 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 hasproduced 100 billion units by the end of 2014 and is nowproducing roughly 5 billion units per year.Blockchain data provided byBlockchair,DogeChain, andWhatToMineDiscord Facebook

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

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Dogecoin Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Dogecoin price patterns.
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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 expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. 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 portfolio.

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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
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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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Tools for Dogecoin Crypto Coin

When running Dogecoin price analysis, check to measure Dogecoin's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital 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 action to predict the probability of Dogecoin's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Dogecoin's price. Additionally, you may evaluate how the addition of Dogecoin to your portfolios can decrease your overall portfolio volatility.
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