DOGE
Dogecoin
DOGE

Dogecoin price

in USD
Top market cap
$0.19768
-- (--)
USD
Market cap
$29.92B #7
Circulating supply
151.33B / 151.37B
All-time high
$0.74
24h volume
$2.70B
Rating
3.9 / 5
DOGEDOGE
USDUSD

About Dogecoin

Dogecoin (DOGE) is a widely recognized cryptocurrency that started as a playful internet meme but has grown into a vibrant community-driven asset. Built on blockchain technology, DOGE enables fast and low-cost peer-to-peer transactions, making it ideal for tipping, micro-payments, and charitable donations. Known for its approachable and lighthearted culture, Dogecoin has become a symbol of inclusivity and fun in the crypto world. Its widespread adoption by thousands of merchants globally underscores its real-world utility, while its strong community support ensures its relevance in the ever-evolving digital economy. Whether you're new to crypto or an experienced trader, DOGE offers a unique blend of innovation and accessibility worth exploring.
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Meme
Proof of Work
Official website
Github
Block explorer
CertiK
Last audit: Jun 8, 2021, (UTC+8)

Dogecoin’s price performance

46% better than the stock market
Past year
+56.72%
$0.13
3 months
-16.66%
$0.24
30 days
-25.76%
$0.27
7 days
-19.24%
$0.24
56%
Buying
Updated hourly.
More people are buying DOGE than selling on OKX
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Arjun (Octariun) Sethi
Arjun (Octariun) Sethi
The End of Denial: The IMF Finally Admits What Crypto Knew All Along The world’s financial system just blinked. When the head of the International Monetary Fund says fiat is going digital and urges countries to accept reality, that is not a policy tweak. It is the moment the establishment admits that the world has already changed. For years, global institutions treated crypto as a novelty or a risk. This week, they acknowledged it as part of the new financial reality. What we are seeing is the beginning of the end of denial. Money has always evolved in quiet revolutions. From paper to credit. From wires to APIs. From bank databases to open ledgers. The difference now is speed. Innovation in crypto, stablecoins, and open finance has accelerated faster than any regulatory regime or central bank could process. Governments are no longer setting the pace. They are reacting to a world where networks, not nations, are building the infrastructure of money. The IMF is trying to frame this transition as something they can manage, as if digital fiat is simply another upgrade or a technical evolution of central banking. But that framing misses the deeper shift happening beneath the surface. The change is not digital. It is architectural. The power to issue and control money is diffusing away from institutions and into open systems that anyone can build on. This is the real story. When fiat becomes code, the gatekeepers lose their monopoly on trust. The New Monetary Architecture Central bank digital currencies will come, and many of them will work. They will make payments faster, increase traceability, and expand inclusion in theory. But they will also introduce new forms of control. Programmable money means programmable policy. Every transaction becomes a policy instrument. That is a staggering level of power, and an equally staggering level of risk. If you care about freedom, privacy, or open markets, that power should make you uncomfortable. The future is not just about who builds digital money. It is about who controls its logic. The next great economic divide will not be between countries that have central bank digital currencies and those that do not. It will be between societies that build open digital systems that are interoperable, composable, and privacy preserving, and those that lock digital money into centralized databases with surveillance built in. Traditional finance is already feeling this tension. For decades, financial institutions could rely on a simple edge: regulation, custody, and distribution. That edge is eroding. As soon as users can hold sovereign digital cash directly, banks lose their monopoly on deposits. When stablecoins can move value across borders in seconds, the concept of international wire sounds like a relic. And when decentralized finance protocols can price, lend, and settle programmatically, the economic role of the bank as middleman starts to look optional. The incumbents will fight this, of course. They will talk about compliance, safety, and systemic risk, all of which are valid concerns. But the deeper reason for their resistance is that they sense what comes next: a world where financial intermediation is an algorithmic choice, not a legal privilege. From Institutions to Networks We are witnessing the separation of money and state, not through ideology but through infrastructure. For most of modern history, the state defined the rails of money. Now, networks do. Ethereum, Solana, Avalanche, Bitcoin. These are not currencies in the narrow sense. They are new jurisdictions of trust. They are opt in economies. Anyone can enter. No one can monopolize access. That is what the IMF is really reacting to. Not the existence of digital money, but the emergence of digital sovereignty that does not flow through them. This is also why meme coins matter more than their critics admit. They may look like jokes, like $DOGE, $DOG, or $MIM, but they are social experiments in value consensus. They demonstrate how money can form bottom up, through culture and community rather than decree. When millions of people agree that a meme token has value and it trades globally with liquidity and demand, something profound is happening. Belief has decoupled from authority. Meme coins show how finance becomes culture and culture becomes finance. In that sense, they are not absurd. They are early. In traditional markets, value follows fundamentals. In digital markets, fundamentals follow networks. The memes come first. The infrastructure catches up. When the IMF looks at DOGE, they see volatility. What they should see is coordination. A new way for communities to express collective value at internet speed. In the same way that early social media turned users into publishers, meme coins turn communities into monetary networks. It is messy, irrational, and often speculative, but it is also real, and it is growing. The State Versus The Network Every era of money has a political philosophy embedded in it. Gold represented scarcity and sovereignty. Fiat represented the power of the state. Digital money represents the power of code and coordination. The next twenty years will be defined by how these forces reconcile. Central banks will issue digital currencies to preserve control. Private institutions will tokenize assets to preserve relevance. And open systems, the world of crypto, decentralized finance, and community driven projects, will keep pushing the boundaries of what is possible. The future will not be one system replacing another. It will be a negotiation between closed systems that optimize for control and open systems that optimize for freedom. In practice, that means the global financial system will look more like the internet: messy, modular, multi polar, and open at the edges. Nations that embrace that complexity will thrive. Those that resist it will fall behind. Just as the internet rewarded openness over gatekeeping, the new financial order will reward interoperability over control. Money wants to flow the way information does: freely, instantly, and globally. Every attempt to contain it will eventually fail. Why This Moment Matters The IMF’s statement is not revolutionary by itself. What makes it historic is the subtext: the establishment is admitting that digital money is no longer a question of if, but how. That changes everything. It forces countries to ask new questions. How do we maintain monetary sovereignty when value moves across networks faster than we can regulate it? How do we design digital money that respects privacy, transparency, and freedom at the same time? How do we compete when capital flows to the most efficient and open systems? These are existential questions. They will define which countries lead the next era of economic growth and which fade into irrelevance. For investors and builders, the message is clear: the rails are being rebuilt. This is not the time to chase short term tokens. It is the time to build infrastructure, governance, and identity layers that make digital finance scalable and trustworthy. The opportunity is not in predicting which meme coin pumps next. It is in building the middleware that allows trillions of dollars to move safely across open rails. The Path Forward Governments need to learn from the internet’s evolution. Openness did not destroy control. It redefined it. The nations that created flexible, innovation friendly frameworks became the economic hubs of the twenty first century. The same pattern will repeat with digital money. We need a design philosophy for money that acknowledges the reality of open systems. It should combine the stability and legal clarity of sovereign fiat with the innovation and inclusivity of crypto networks. It should enable composability without losing accountability, privacy without lawlessness, and programmability without political capture. The countries that understand this will attract talent, capital, and legitimacy. The ones that cling to control will watch as liquidity and influence migrate elsewhere. The Cultural Layer Money has always been cultural, but crypto made that explicit. The meme coins, NFTs, and on chain communities that seem unserious to regulators are actually pioneering the social foundations of a new economy. They are teaching people that value is something we can create together, not something handed down by authority. They are teaching us that financial participation can be joyful, creative, and collective. The IMF’s recognition of digital currencies is, in a way, an acknowledgment of that cultural victory. Institutions do not move this fast unless they have to. And now, they have to. The Future of Money Is Open When history looks back at this decade, it will see a clear turning point, the moment the institutions of the old world quietly conceded that the new one had already arrived. The question now is whether we will build digital money as an extension of the surveillance state or as a platform for open innovation. I believe the open path will win because open systems compound. They attract talent, energy, and trust. They grow like the internet, bottom up, unpredictable, unstoppable. Crypto is not just a new asset class. It is a new social contract. And now that even the IMF has acknowledged the shift, the real work begins: designing a financial system that deserves the trust it is about to inherit.
4.32K
14
PatriotTakes 🇺🇸
PatriotTakes 🇺🇸
Jack Ciattarelli campaigning with DOGE architect Vivek Ramaswamy
Gallery 1
6.71K
37
SONG 🌕 DOGE
SONG 🌕 DOGE
How many of these, like SHIB, NERIO, and WIF, have developed themselves by leveraging Dogecoin, while only Dogecoin itself truly empowers DOGE.
8.31K
16
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Dogecoin FAQ

DOGE recorded its all-time high on May 8, 2021, when it reached $0.74. The all-time high is the highest price ever recorded for Dogecoin since its launch. At the time, the market capitalization of Dogecoin reached $82.43 billion.

Dogecoin has adopted an inflationary model, meaning that the DOGE supply is designed to increase over time. Therefore, there is no maximum hard cap on the supply of DOGE. Miners receive 10,000 DOGE tokens every minute, and 5 billion tokens are added to circulation annually. As of September 2022, over 132 billion DOGE tokens were in circulation.

Although DOGE was created with no vision for long-term growth or adoption, its community has focused on increasing its real-world usage over time. For example, DOGE can be used to purchase movie tickets, Tesla merchandise, or even tip Twitter users.

Like its peers that use the Proof of Work (PoW) mining algorithm, Dogecoin has been the subject of criticism for its substantial carbon footprint. The development team has since responded by announcing that the project will migrate its consensus model to the more environmentally-friendly Proof of Stake (PoS) consensus mechanism.

Easily buy DOGE tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include DOGE/USDT, DOGE/USDC.

You can also buy DOGE with over 99 fiat currencies by selecting the “Express buy” option. Other popular crypto tokens, such as Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for DOGE with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into DOGE, visit the OKX Crypto Converter Calculator. OKX’s high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Currently, one Dogecoin is worth $0.19768. For answers and insight into Dogecoin's price action, you're in the right place. Explore the latest Dogecoin charts and trade responsibly with OKX.
Cryptocurrencies, such as Dogecoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Dogecoin have been created as well.
Check out our Dogecoin price prediction page to forecast future prices and determine your price targets.

Dive deeper into Dogecoin

Dogecoin is a peer-to-peer cryptocurrency based on a Shiba Inu dog internet meme that went viral on social media. Dogecoin was originally created to poke fun at other cryptocurrency projects being launched at the time, but it quickly gained a devoted fan base that discovered and developed new use cases for the asset. DOGE is considered the first memecoin and the first dog coin.

Dogecoin claims to be significantly faster and less expensive than Bitcoin. For example, it can process approximately 33 transactions per second, compared to approximately five transactions per second on the Bitcoin network.

In 2014, members of the Dogecoin team started the Dogecoin Foundation, a non-profit to provide support, governance, advocacy, and trademark protection for the token.

While the native token, DOGE, was initially developed without any specific utility, its use as a digital currency has increased over the years. Reportedly, as of mid-2024, over 2,000 merchants across the world accepted DOGE as payment. To this day, Dogecoin has one of the most robust and vibrant online communities in the crypto space.

How does Dogecoin work?

Dogecoin uses a Proof of Work (PoW) consensus mechanism cloned from Litecoin's network. It uses the Scrypt mining algorithm to validate transactions.

Dogecoin, similar to Bitcoin and other cryptocurrencies and altcoins, can be created through mining. Mining Dogecoin is a way to both support the network and gain new DOGE tokens in the process. This computationally intensive process involves computers competing to solve complex mathematical problems to verify transactions and secure the blockchain network. When miners successfully solve these problems and contribute to the network's security, they're rewarded with DOGE.

Dogecoin's blockchain network allows users to send DOGE to other users anywhere in the world without needing a financial intermediary to process the transaction. Transactions made over the network are permanently recorded and can't be erased or reversed. Dogecoin's network can process up to 40 transactions per second, making it faster than Bitcoin's. It also has much lower transaction fees than Bitcoin.

DOGE price and tokenomics

Dogecoin had a maximum supply of 100 billion tokens on launch, which later changed to an infinite supply. As a result, Dogecoin is inflationary, meaning its supply of circa 145 billion as of mid-2024 will only grow over time. New DOGE tokens are created through mining.

DOGE's circulating supply equals its total supply, indicating that all tokens are in the hands of users, with the development team holding no DOGE. Each year, 5 billion new DOGE tokens are created, giving the cryptocurrency an inflation rate of around 4% — a low figure compared to other inflationary currencies.

Dogecoin prices experience significant volatility, fueled by the inherent volatility of memecoins and the asset's close association with vocal, high-profile individuals such as Elon Musk.

DOGE experienced tremendous popularity and was one of the most trending tokens during the 2021 bull run, cementing its position as one of the top digital assets of the year. The Dogecoin price reached an all-time high of $0.74000 on May 8, 2021.

About the founders

Dogecoin was created by Billy Markus, an IBM software engineer, and Jackson Palmer, senior director of product management at Adobe.

Shiba dog memes had been shared on the internet for a while, and the popular meme drew attention to the token. According to Palmer, the meme supported the accessibility of cryptocurrencies at a time when Bitcoin was viewed as a shady technology linked to the dark web. Dogecoin sparked public interest in learning more about cryptocurrencies. In 2015, Palmer left the cryptocurrency world and denounced the way people were making money from crypto.

The Dogecoin Foundation is a non-profit organization dedicated to promoting the use and development of the Dogecoin network. While the foundation was initially formed in 2014, it has since undergone several changes and periods of inactivity. In 2021, members of the Dogecoin community revived the foundation and began working on a range of initiatives to improve the network's functionality and expand its user base.

In 2021, the foundation began working on a staking mechanism in partnership with Vitalik Buterin, one of the founders of the world's second-largest cryptocurrency by market capitalization, Ethereum.

The foundation has not officially worked with billionaire celebrity Elon Musk, but Musk's tweets and public statements about Dogecoin have helped to boost the token's popularity and price. Some members of the Dogecoin community have expressed hope that Musk will become more directly involved with the foundation in the future.

Dogecoin Foundation

Set up in 2014, the Dogecoin Foundation became inactive for a period and was eventually dissolved. In 2021, the foundation was relaunched with a board consisting of members of the core team and seasoned industry players, including Ethereum co-founder Vitalk Buterin, as advisors.

The foundation works to develop new features and maintain the project to improve its utility. February 10, 2024 saw the foundation launch its 2024 roadmap which outlines developments to enhance Dogecoin's existing projects and introduce new initiatives that strengthen the project. One major inclusion in the roadmap was the official adoption of RadioDoge, which seeks to expand Dogecoin's reach into under-served areas with unreliable or no internet connectivity. RadioDoge combines long-range RF protocols and the Starlink satellite network — operated by Elon Musk's SpaceX — to provide more reliable connectivity.

Dogecoin and Elon Musk

Celebrity entrepreneur and billionaire Elon Musk has often publicly displayed his strong interest in and support for Dogecoin. Musk, known to be an avid fan of memes, has endorsed the project several times, often sparking massive user interest and optimism, along with wild speculation. He usually takes to X — the platform he now owns — to express his positive views and hopes for the memecoin.

The "Dogefather," as he is called, began showing his support for Dogecoin in late 2020 in a post on X (then Twitter) and has continued to share his thoughts about Dogecoin ever since. Due to Musk's status and popularity, the DOGE price can fluctuate wildly whenever he mentions the token, adding to its already high volatility.

Musk has not only expressed favorable views on the project but has even taken steps to promote it. For example, he heralded the acceptance of Dogecoin by Tesla, the world's largest automaker – a company he runs. Another of his companies, SpaceX, also announced that it would fund a rideshare mission to the moon entirely in Dogecoin, making the mission the first of its kind.

Meanwhile, Musk has crowdsourced ideas for the development of Dogecoin and even promised to work with Dogecoin's development team to improve the blockchain. His actions could also be said to have inspired other famous celebrities and influential people, such as Mark Cuban and Snoop Dogg, to support Dogecoin.

Musk's actions, however, have not been welcomed by all. He has often been accused of manipulating Dogecoin with his comments, a claim echoed by Dogecoin co-founder Jackson Palmer, who left the project in 2015.

What is Dogecoin's GigaWallet project

The Dogecoin team has often reiterated its commitment to making sure that Dogecoin has utility beyond just being a popular meme. As such, they've embarked on several projects to improve the usefulness of the memecoin. One such project is GigaWallet, which aims to build an enterprise-grade service that merchants can easily adopt to accept and process Dogecoin transactions.

What is the Dogecoin Standard

The Dogecoin Standard refers to the specifications and rules that define how the cryptocurrency operates, including its consensus algorithm, block time, mining reward, and other technical details. It's the foundation that allows the Dogecoin network to function as a decentralized and secure system for transferring value.

What Is Dogecoin's Libdogecoin

Libdogecoin is an open-source software library that provides developers with the tools and resources they need to build decentralized finance (DeFi) applications and services that interact with the Dogecoin network, without the need for them to have extensive knowledge of how Dogecoin works. It's essentially a collection of programming code and libraries that simplify the process of building new software that uses the Dogecoin Standard. With Libdogecoin, developers can easily write code that interacts with the Dogecoin network, creating new applications that allow users to send and receive Dogecoin, manage their wallets, and interact with other users on the network.

DOGE adoption by Tesla, SpaceX, and the Dallas Mavericks

The 2021 bull market brought a surge of interest to Dogecoin, and high-profile examples of the asset's adoption. In March 2021, billionaire Mark Cuban announced that the Dallas Mavericks NBA team would accept DOGE for ticket and product purchases. In just two days, the Mavericks processed a record-breaking 20,000+ transactions in DOGE.

Then, during January 2022, automaker Tesla began accepting DOGE payments for merchandise in its store, as announced a month earlier by CEO Elon Musk. The price of DOGE spiked 11 percent before the feature went live. Musk also announced in 2022 that Tesla's supercharging station in Santa Monica would accept DOGE. What's more, the entrepreneur declared that aerospace company SpaceX will begin accepting DOGE payments for their merchandise, and will fund a mission to the moon called DOGE-1 with DOGE. Several notable companies, like AMC, have followed suit in their acceptance of Dogecoin.

Latest Dogecoin news

March 2024 saw the DOGE price surge to its highest level since December 2021 following speculation the token would be integrated with X. Fueling the move was commentary around X's payment division being awarded new licences in the U.S., which led some to suggest this would open the door to crypto payments on the platform. In the same month, Dogecoin overtook blockchain platform Cardano to become the ninth biggest cryptocurrency by market cap.

In May 2024, Donald Trump announced that he'd begin accepting cryptocurrencies including Dogecoin as political donations, as the Republican presidential nominee signalled his support of digital assets. SHIB, XRP, and BTC were also among the tokens accepted by the Trump campaign towards his election bid. In July 2024, a Bloomberg article spotlighted how migrants in Venezuela have turned to cryptocurrencies including Dogecoin for remittance transfers, citing the low transactions fees involved.

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Market cap
$29.92B #7
Circulating supply
151.33B / 151.37B
All-time high
$0.74
24h volume
$2.70B
Rating
3.9 / 5
DOGEDOGE
USDUSD
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