What currency is Dogecoin? The total circulation of Dogecoin and the introduction of online exchanges

Dogecoin is a cryptocurrency based on the Scrypt algorithm, named after its symbol is the Shiba Inu. Unlike other cryptocurrencies, Dogecoin has no issuance cap, meaning its supply can be increased indefinitely, making it easier to acquire and use. Currently, Dogecoin is listed on exchanges such as Binance, Coinbase, Kraken, Huobi and OKEx, allowing users to buy, sell and store Dogecoin.

Dogecoin: is a popular cryptocurrency

Total circulation: unlimited

Dogecoin is a decentralized cryptocurrency based on the Scrypt algorithm, founded in 2013 by Co-created by Jackson Palmer and Billy Markus. It is named after its symbol is the Shiba Inu (Doge).

Unlike cryptocurrencies such as Bitcoin, Dogecoin has no issuance cap, meaning its supply can be increased indefinitely. This is designed to increase the accessibility of Dogecoin, making it easier to obtain and use.

Online exchanges

Dogecoin is listed on multiple exchanges, including:

• Binance
• Coinbase
• Kraken
• Huobi
• OKEx

These exchanges allow users to buy and sell Dogecoin, and store it in a digital wallet.

Dogecoin (DOGE) Latest Price Changes

Currently, the price of Dogecoin (DOGE) is $0.085 USD. The asset’s price has dropped significantly by more than 21% in the past 24 hours. Despite this, Dogecoin still maintains a healthy market capitalization of $12.39 billion.

Factors for Price Movements

Dogecoin’s recent price drop may be due to the following factors:

• Overall downturn in the cryptocurrency market
• Rising interest rates leading to sell-off in risky assets
• Tesla suspends acceptance of Dogecoin as Car Payment Method

Future Price Trend Analysis

The future price trend of Dogecoin is uncertain. Cryptocurrency markets continue to be affected by interest rate and regulatory risks. However, Dogecoin’s status as a well-known meme coin and its connection to Elon Musk may continue to attract investors.

It is recommended that

• investors exercise caution and invest according to their own risk tolerance.
• Consider investing in Dogecoin as part of a wider investment portfolio.
• Monitor cryptocurrency market news and updates as they may affect prices.

Short-term trend forecast

In the short term, Dogecoin may continue to face downward pressure. However, if market sentiment improves or there is positive news, prices could rebound.

Indicator

• Current price: $0.085
• 24-hour trading volume: $1.955 billion
• Market cap: $12.39 billion
• Circulation volume: 145.4 billion
• Total supply: 145.4 billion

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