Dogecoin

Get Dogecoin (DOGE) all time high price, historical charts, latest news and other information.

Dogecoin has been on the decline ever since it hit its all-time high back in May of 2021. This was at the height of the bull market when billionaire Elon Musk was at his peak of shilling the meme coin. Since then though, the digital asset has not fared as well. It has hit one of the worse declines that have seen it lose almost 90% of its all-time high. Interestingly, its investors are not faring as bad as one would think considering such a decline.
53% Remain In Profit
For some, investing in a meme coin such as Dogecoin can be likened to gambling. This is why a lot of holders have been advised to take their profits. Nevertheless, there are millions who continue to hold and believe in the meme coin. For a large portion of these investors, it is still paying off almost a year after the all-time high as their holdings still see them in profits.
Related Reading | Survey Shows 40% Of Americans Want Metaverse Gym Memberships
A total of 53% of all investors are still in profit according to data from IntoTheBlock. This means that even though Dogecoin is down 88.23% from its all-time high, it is still one of the most profitable ventures for investors, mainly those who had gotten in earlier. This figure puts it ahead of the leading cryptocurrency Bitcoin, whose investors are only 51% in profit, and slightly below Ethereum, which still sees 59% of all investors in profit.

DOGE market cap trending at $11.5 billion | Source: Market Cap Doge on TradingView.com
An important distinction is a fact that those in profit are those that have usually held their tokens for more than one year. This puts them at a buying price much lower than the current price. For shorter-term holders, they are either currently in the neutral territory (1%), or in loss (46%).
Optics For Dogecoin
Dogecoin price has now fallen below 10 cents after holding above this level for the longest time. This puts it among some of the highest losers among the largest coins in the last year. As a meme coin, it usually relies on hype for any significant movement and since that has been scarce, the digital asset has had a hard time holding its value.
Related Reading | Shiba Inu Holdings Of Ethereum Whales Decline Almost 50%
This recent downtrend has put it below the 50-day moving average. It paints an all-around bearish picture for both the short and long-term given that its ability to stay above this point would have been an indicator that a recovery was in play. Instead, it looks like the digital asset is headed for more losses before the market enters the next bull cycle.
Dogecoin is trading at $0.087 at the time of this writing. It remains the largest meme coin with a market cap of $11.5 billion.
Featured image from MarketWatch, chart from TradingView.com
Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… 


Dogecoin has been on the decline ever since it hit its all-time high back in May of 2021. This was at the height of the bull market when billionaire Elon Musk was at his peak of shilling the meme coin. Since then though, the digital asset has not fared as well. It has hit one [&#8230;]

bitcoinist.com

Majority Remain In Profit Even As Dogecoin Is Down 88% From ATH

A popular crypto analyst is naming the top five most decentralized cryptocurrencies.
In a new video, Coin Bureau host Guy tells his 2.05 million subscribers that Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC) and Monero (XMR) are the most decentralized cryptos.

“There are five layers of decentralization in cryptocurrency: the developer layer, the coin or token layer, the infrastructure layer, the blockchain layer and the external layer. I’ll start by saying that there’s no crypto project that scores perfectly on all five criteria but the top spot seems to belong to Bitcoin. 
This is because there are dozens of individuals and institutions building on Bitcoin. BTC supply is broadly distributed, there is no shortage of infrastructure available to interact with the Bitcoin blockchain and the Bitcoin blockchain has over 15,000 full nodes. 
The only thing Bitcoin is missing is true decentralization at the external layer, but this is where every cryptocurrency fails and I suspect not everyone would agree that this even counts as a layer.
In any case, according to a survey of various crypto experts by Cointelegraph last November, there aren’t any cryptocurrencies that come close to matching Bitcoin’s overall decentralization.”
He says Ethereum, Monero, Litecoin and Dogecoin follow Bitcoin and are still lacking in some aspects of decentralization. In the case of Monero, the privacy coin also faces regulatory issues.
“Ethereum and Monero seem to be the runners-up but as I discussed earlier, Ethereum’s decentralization still seems to be lacking on some layers. As for Monero, XMR is constantly at risk of getting delisted from centralized exchanges due to unreasonable crypto regulations.
 There’s also Litecoin and, to some extent, Dogecoin, to consider but we all know these cryptocurrencies are also lacking decentralization at some layers, to put it mildly.”
The analyst says that it is still too early to identify the other most decentralized cryptocurrencies, but he sees the possibility of Cardano (ADA), Polkadot (DOT) and Solana (SOL) being included in the list.
“By now, you’ll have noticed that most of the more decentralized cryptocurrencies have been around for a while and many believe that it’s ultimately time that has allowed Bitcoin to decentralize so much. What this means is that it might still be too soon to say what the most decentralized cryptocurrencies are, but I have a feeling that Cardano, Polkadot and possibly even Solana will be the next runners-up.
At this rate, it looks like we will only find out for sure when the regulators come around and given the exponential rate of crypto adoption, it’s only a matter of time before they come unlocking.”

I
Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox 

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines



 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



Featured Image: Shutterstock/IvaFoto/MrArtHit/Natalia Siiatovskaia
The post Bitcoin, Ethereum, Dogecoin and Two Additional Altcoins Are the Most Decentralized Crypto Assets: Coin Bureau appeared first on The Daily Hodl.


A popular crypto analyst is naming the top five most decentralized cryptocurrencies. In a new video, Coin Bureau host Guy tells his 2.05 million subscribers that Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC) and Monero (XMR) are the most decentralized cryptos. “There are five lay...

dailyhodl.com

Bitcoin, Ethereum, Dogecoin and Two Additional Altcoins Are the Most Decentralized Crypto Assets: Coin Bureau

Billy Markus, co-founder of the popular memecoin Dogecoin (DOGE), said the great majority of cryptocurrency projects in the industry are nothing but scams and garbage with no real value to offer.
Markus: 95% of Crypto Projects are Scams
In a recent tweet, the Dogecoin creator argued that 95% of cryptocurrencies are worthless as they have succeeded in destroying the reputation of the entire industry.
According to Markus, top traditional financial players and most mainstream internet users have labeled the entire digital asset landscape as “garbage” and a scam because of the existence of bad players and projects within the space.

the reason why people think crypto is 95% scams and garbage and most crypto people are assholes is because crypto is 95% scams and garbage and most crypto people are assholes
let’s change that. it starts with you – what you support, and how you behave.
— Shibetoshi Nakamoto (@BillyM2k) May 16, 2022

Markus’ tweet comes in the wake of the catastrophic failure of the Terra ecosystem. The project’s woes started when UST depegged from $1, bringing LUNA down with it. All efforts by the Luna Foundation Guard (LFG) to defend the digital asset’s peg proved futile as the project subsequently crashed, leaving investors scratching their heads in losses.
Crypto Twitter Responds
Knowing that his statement would be controversial, Markus added, “Also note that the only people who are gonna react triggered and lash out to this tweet are the scammers and assholes.”
The tweet, as expected, sparked a heated debate among members of the crypto community on Twitter. While some users were in support of his opinions, others accused him of lacking self-awareness, considering that he had co-founded the memecoin that spurred the creation of hundreds of useless copycats.
In reply, Markus pointed out that the most popular memecoin, DOGE, was created as “satire” to ridicule the state of the crypto market and the prevalence of pointless projects in the industry. He further emphasized that he prefers quality over quantity.
DogeFather Elon Musk Reacts
Elon Musk, CEO of Tesla and the self-proclaimed DogeFather, reacted quite differently from others. The billionaire, known for affecting the market with his DOGE posts, found Markus’ tweet very funny and replied with a rolling on-the-floor laughing emoji.
Musk is one of Dogecoin’s biggest influencers, and his electric car company announced in January it was enabling DOGE payments for some of its merchandise.


The Dogecoin co-founder sparked a heated debate on Twitter after saying that about 95% of crypto projects are scams.

cryptopotato.com

Dogecoin Co-Founder Says 95% of Crypto Projects Are Scams, Elon Musk Reacts

Shiba Inu and Dogecoin have been in one of the most bitter rivalries that the crypto space has ever seen. Not only do they compete in terms of returns but also in terms of community. Both digital assets have seen their communities grow tremendously in the last year. However, Dogecoin has always been in the lead, especially in terms of Twitter followers. This may not be the case for much longer as SHIB continues to close the gap.
SHIB Followers Reach 3.33 Million
The rate at which Shiba Inu has seen its followership growth on Twitter has been nothing short of incredible. The project which is barely a year old at this point has become one of the most recognizable names in the crypto industry. This has translated to millions of followers on its official Twitter page.
Related Reading | Dogecoin Co-Founder Says The Meme Coin Was Created By A Stupid Person
However fast the growth of Shiba Inu followers on Twitter has been, it has always remained one step behind that of its rival, Dogecoin. Nevertheless, with time, SHIB has begun to cover the gap that separated them. 
It recently surged above 3,332,470 million followers on Twitter. Now, Dogecoin is only sitting at 3,356,541 million followers on the social media platform. This means that SHIB is now only about 20,000 followers away from being on equal footing with the coin on the social media site, and perhaps even surpassing it. 

SHIB price at $0.000011 | Source: SHIBUSD on TradingView.com
This number has put it ahead of the likes of Ethereum, Solana, and Cardano. All of which are beloved projects in the space. It now sits at 4th place n the list of top 10 cryptocurrencies by Twitter followers as of the time of this writing. 
Shiba Inu Celebrates Vitalik Donation
On May 13th, Shiba Inu officially marked one year after Ethereum founder, Vitalik Buterin, had made the largest donation to a charitable cause using cryptocurrency. The founder who had received trillions of tokens from the SHIB team had promptly donated more than $1 billion worth of tokens, 50 trillion SHIB at the time, to the India COVID Relief Fund.

Today, we celebrate the anniversary of the record-setting crypto charitable donation that @VitalikButerin made in $SHIB. We are honored to be a part of such an impactful act of generosity. pic.twitter.com/StvKD8fRdf
— Shib (@Shibtoken) May 14, 2022

What made this remarkable was not only the sheer value of the donation but what it would do for SHIB’s credibility going forward. The donation by Buterin using the meme coin had sparked significant curiosity in the minds of crypto investors who had then begun to seek out the altcoin.
Related Reading | Data Shows Top Coins Among Most Hated Crypto, But Not Dogecoin
This would mark the beginning of one of the largest bull rallies in the crypto space. From this simple act of generosity, Buterin had been able to help people affected by COVID in India, which was being ravaged by the virus at the time, and also kickstart one of the largest cryptocurrencies in the space.
Featured image from Coinpedia, chart from TradingView.com


Shiba Inu and Dogecoin have been in one of the most bitter rivalries that the crypto space has ever seen. Not only do they compete in terms of returns but also in terms of community. Both digital assets have seen their communities grow tremendously in the last year. However, Dogecoin has always b...

Shiba Inu Closes Gap With Rival, Dogecoin, As Followers Surpass 3.33 Million

Tesla and Spacex CEO Elon Musk says that dogecoin has potential as a currency. However, his Twitter buyout deal has been put on hold “pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.”

Elon Musk Says Dogecoin Has Potential as a Currency
Tesla CEO Elon Musk has made another bullish statement about the meme cryptocurrency dogecoin (DOGE) despite massive sell-offs across the crypto market.
Musk affirmed that dogecoin “has potential as a currency.” His tweet was in response to a comment by dogecoin co-creator Billy Markus, who said that the reason he likes the meme cryptocurrency is because “it knows it is stupid.”

The Tesla CEO’s tweet reiterated his earlier statement that DOGE is the best crypto for transactions. In contrast, he said bitcoin is better suited as a store of value. Musk, who is known in the crypto community as the Dogefather, also said that dogecoin is “the people’s crypto.”
A longtime supporter of DOGE, Musk tweeted in April 2019: “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” The Tesla boss also revealed that he personally owns dogecoin in addition to bitcoin and ether.

Musk’s Twitter Deal Is on Hold
The Tesla boss has offered to buy Twitter for about $44 billion, which the social media company accepted. Since then, he has been discussing various ways to improve the platform.
However, Musk announced Friday that his Twitter buyout deal has now been put on hold, tweeting:
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users
Nonetheless, he added that he is “Still committed to [the] acquisition.”
One of the biggest problems he’s trying to solve concerns cryptocurrency spam bots. Musk called it the “single most annoying problem on Twitter.” Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has suggested using dogecoin as a solution to solve the Twitter spambot problem. Musk responded by saying it is “not a bad idea.” He also indicated that dogecoin might be accepted for the Twitter Blue service.
What do you think about Elon Musk’s dogecoin comment and his Twitter deal being put on hold? Let us know in the comments section below.



























Tesla and Spacex CEO Elon Musk says that dogecoin has potential as a currency. However, his Twitter buyout deal has been put on hold &#x201C;pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.&#x201D; Elon Musk Says Dogecoin Has Potential as a...

Dogecoin price	$0.085229
Low - High 24H	$0.083898 - $0.086126
Market cap	$11.20B
Volume 24H	$256.12M
All time high	$0.731578 -88.46% May 8th 2021
All time low	$0.000087 97051.50% May 6th 2015
Genesis date	N/A

Recently viewed

Trending

Dogecoin (DOGE)

Performance

Dogecoin News

Quick stats