What is Dogecoin (Doge)?

Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency established in 2013. Investors can purchase Dogecoin through cryptocurrency exchanges including Coinbase, Binance, and Kraken. As of April 2023, Dogecoin had a market capitalization of $11.4 billion. 4

Is Dogecoin based on Litecoin?

Dogecoin was originally based on Litecoin and was launched in 2013. Primarily designed to provide a light-hearted means of communicating the basic function of cryptocurrency to mainstream audiences, Dogecoin is based on the “Doge” Shiba Inu meme. DOGE price is updated and available in real time on Binance. What is Dogecoin Used For?

How much has Dogecoin changed this year?

So far this year, Dogecoin has a change of 9.96%. Dogecoin is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS). Doge is the native cryptocurrency of dogecoin, a parody cryptocurrency based on a viral internet meme of a Shiba Inu dog.

Is Dogecoin a deflationary coin?

Dogecoin is considered an "iinflationary coin," while cryptocurrencies like Bitcoin are deflationary because there's a ceiling on the number of coins that will be created. Every four years, the amount of Bitcoin released into circulation via mining rewards is halved, and its inflation rate is halved along with it until all coins are released.