Is Dogecoin worth investing in since the price is so low for cryptocurrency?

How much is 1 Dogecoin in US Dollar?

Dogecoin (DOGE) is a blockchain-based peer-to-peer cryptocurrency which was created in December 2013, as a tongue-in-cheek riposte to Bitcoin, and the crypto world generally. Its branding featured a likeness of a Shiba Inu dog from a ‘Doge’ meme that was popular at the time. By January 2014, it had quickly and unexpectedly generated a large community following and had reached a market capitalization of $60 million.

In 2013, Pantera launched its first crypto fund and, as of late 2018, was one of the largest institutional owners of cryptocurrencies. The fund has delivered a more-than-24,000% return for investors since its debut.

doge coin usd

The altcoin surged about 2% over the past 24 hours, trading at $0.002 at press time. Dogecoin reached its all time high price during the cryptocurrency boom across the winter of 2017 to 2018. On January 7, 2018, Dogecoin was trading at $0.017491, a staggering 1,442% up on where it was trading a couple of months earlier. Its original creators, Billy Markus and Jackson Palmer, wanted to create a cryptocurrency that wasn’t as stuffy or boring as Bitcoin.

The Winklevoss twins are focused on building an ecosystem to attract institutional investors and day traders to the cryptocurrency. To that end, they launched Gemini, the world’s first regulated exchange for cryptocurrencies. The exchange is used to set Bitcoin spot prices for futures contracts at the Chicago Board Options Exchange (CBOE). Once a regular of the top 25 coins list by market capitalization, Dogecoin has slightly edged down to be ranked the 32 biggest cryptocurrency at press time, according to Coin360.

Their investments in cryptocurrency-related companies range from exchanges and investment firms, such as Polychain Capital and Bitstamp, to coin trading services, such as Augur. Bitcoin is a digital asset and payment system with a market capitalization of around $180 billion as of September 2019.

Unfortunately, it was swiftly followed by a correction that saw Doge’s price drop to $0.002873. A notable decrease from its early quarter high, but still 38-percent up on where it opened the quarter.

Dogecoin (DOGE)

They wanted to create a digital coin that was fun, in the hope that it would appeal to a much broader audience than conventional cryptocurrencies like Bitcoin. It is easy to buy or swap DOGE coins on many exchanges. When purchasing crypto it is important to seize the moment of the best rates as the cryptocurrency market continuously fluctuates.

Born as an Internet meme, Dogecoin demonstrates how a simple joke may increase in value and reach a $300M market capitalization. We’ve collected facts about the Dogecoin success story and provided DOGE price prediction. Bitcoin has been around now for more than a decade and has gaining increased attention and adoption, yet Amazon.com still does not accept the cryptocurrency as payment. Dan Morehead is the founder of Pantera Capital, the world’s first investment focused exclusively on cryptocurrencies.

On the last day of Q1, Dogecoin was trading at $0.002075; over the next four days its price rose to $0.003854. This upward trend was seen across numerous cryptocurrency markets.

It is considered by many to be one of the most successful digital currencies ever created. 2) Basic Attention Token (BAT) is another functional type of tokens based on the Ethereum blockchain. Developers offer a various concept of interaction for all network participants. Browser users pick to choose ads or not and can monitor the token’s price in real-time via Brave. The token has a very active and massive affiliate program, has the support of the Tor browser and DuckDuckGo search engine.

  • There are a lot of theories about why Amazon refuses to accept cryptocurrencies.
  • The price of bitcoin is more volatile than the price of many other government currencies accepted by Amazon, so there could be some challenge in pricing products.

Will Dogecoin hit $1?

Over the last 30 days, the price of DOGE has stayed within the range of $0.0035 to $0.0024. Before the end of this year, the price of Dogecoin has what it takes to move as high as $0.009 and $1. If it doesn’t hit $1 by the end of 2019, it will hit this level by the first quarter of 2020.

Its logo is a dog, that’s their friendly mascot which also makes them so much more likable among the social media crowd. It is a Shiba Inu, a Japanese breed of dog that shot to fame as an internet meme and represents the Doge crypto.

Elon Musk Dogecoin – Dogecoin Price Prediction 2019 – Dogecoin Latest Update – Dogecoin News Today – Dogecoin To Surge After Price Correction

How much is Dogecoin worth in USD?

1 Dogecoin is 0.001890 US Dollar. So, you’ve converted 1 Dogecoin to 0.001890 US Dollar.

Even if DOGE has lost some of its April gains, the Elon Musk Dogecoin hype allowed the project to get extra visibility. Cryptocurrency exchanges are websites where you can buy and sell cryptocurrencies.

There are a lot of theories about why Amazon refuses to accept cryptocurrencies. The price of bitcoin is more volatile than the price of many other government currencies accepted by Amazon, so there could be some challenge in pricing products. The uncertainty about future cryptocurrency regulation might also scare the ecommerce giant, as might the difficulty processing returns considering Bitcoin’s wild price fluctuations.

Litecoin News Today – Litecoin’s Price May Not Surge Significantly Anytime…

doge coin usd

You can always check the Dogecoin cross-rate to other cryptocurrencies on our website. For example, Zcash and BitcoinCash – both coins mirrored the Bitcoin price graph. Here at Changelly, we treat Dogecoin (DOGE) cryptocurrency with respect, as DOGE is the perfect example of what can be achieved if a cryptocurrency has strong community support.

As the price of cryptocurrencies rallied, Dogecoin recorded gains against the USD rising above the resistance at $0.0030. The surge in the price of Dogecoin wasn’t surprising as the cryptocurrency has proven itself a worthy project in the space. On the first day of April, the Dogecoin community dragged Elon Musk into a April fools joke in which he became the new CEO of Dogecoin. Right after he claimed it, the price of Dogecoin went to the moon.

You can buy and sell Dogecoin on most crypto exchanges. The exchanges that have the highest Dogecoin 24-hour trading volumes are Bit-Z and Bittrex. Trading in cryptocurrencies comes with significant risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks. Several federal agencies have also published advisory documents surrounding the risks of virtual currency. For more information see the Robinhood Crypto Risk Disclosure, the CFPB’s Consumer Advisory, the CFTC’s Customer Advisory, the SEC’s Investor Alert, and FINRA’s Investor Alert.

Dogecoin is a peer to peer, decentralized and digital currency that allows you to send money online easily. Dogecoin was initiated as a joke, but who knew it would become so significant in the crypto world. The Doge cryptocurrency is even used by retailers to accept payments.