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As the cryptocurrency market continues to prosper, Dogecoin, as one of them, has attracted widespread attention. This digital currency called Dogecoin was born from an Internet joke and has now become a dark horse in the market. Dogecoin uses a similar technical architecture to Bitcoin, but Dogecoin has faster transaction confirmation times and a large issuance. It is a decentralized cryptocurrency based on Litecoin technology. Due to its fun and friendly With the community atmosphere and widespread communication, investors are wondering how much does Dogecoin cost now? We are very concerned about it. The current market price of Dogecoin is US$0.07822. Next, the editor of the currency circle will introduce this issue to you in detail.

## How much is a Dogecoin now?

Dogecoin is currently worth $0.07822 per coin. Dogecoin was born on December 8, 2013. Based on the Scrypt algorithm, it is the second largest virtual currency in the world after Bitcoin in terms of user count. After the Dogecoin system was launched, due to the help of reddit, the traffic developed explosively. In just two weeks, Dogecoin has launched dedicated blogs and forums, and as of June 9, 2015, its market value reached 100 million.

Since there is no pre-mining, Dogecoin is distributed fairly, charity and reward culture are deeply popular, and user development is astonishingly rapid. On June 9, 2015, the number of Dogecoin client addresses was 1.6 million, more than 5 times that of Litecoin; the number of active client addresses , Bitcoin is 196,000, Dogecoin is 83,000, Litecoin is 11,000, foreign Twitter followers are more than 150,000 users, which is 1.7 times that of Bitcoin and 6 times that of Litecoin. The number of Facebook likes is the same as that of Bitcoin, far exceeding Litecoin.
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The daily real trading volume has long been among the top three virtual currencies. This is still an achievement before joining the big platform. The greatest value in the enterprise Internet era is the huge number of users. It took one year for the Dogecoin user base to reach one-third of the number of Bitcoin users. One, four times that of Litecoin, Dogecoin has its own core culture, and it has a good cultural background-
Tipping culture has a good humanistic background - charity culture, and a good popularity prospect - grassroots culture.

Dogecoin will mine 100 billion in the first year, and 5 billion will be mined every year thereafter, with no upper limit. That is to say, one year later, the inflation rate will remain at 5% per year and continue to decrease. After 20 years, the annual inflation rate will be only 2.5%. This is more in line with the development of currency. More than 90 billion Dogecoin has been mined, and it will be halved again around October 2 in five days. By then, the inflation rate will be lower than Bitcoin.

## A comprehensive introduction to DOGE/Dogecoin

Dogecoin is a cryptocurrency that was first coined on December 6, 2013 by Billy Markus and Jackson
Founded by Palmer. It was originally created as a fun parody and tease to draw more attention to digital currencies. Dogecoin’s iconic icon is a Japanese Shiba Inu
Inu) dog avatar, this icon is also derived from a popular dog meme on the Internet.

Dogecoin is built on blockchain technology, similar to Bitcoin and other mainstream cryptocurrencies. It uses the Scrypt algorithm for mining and transaction confirmation. Due to its unique community and wide spread, Dogecoin started to gain more and more attention, becoming a real cryptocurrency and not just a joke or imitation.

Community: Dogecoin’s community is very active and has always emphasized friendliness and optimism. Community members actively participate in various charity activities and fundraising actions, which is also a feature that distinguishes Dogecoin from other cryptocurrencies.

Supply: Unlike Bitcoin, which has a total supply capped at 21 million, Dogecoin’s total supply is unlimited. Currently, the supply of Dogecoin has far exceeded 100 billion.

Mining: Like many other cryptocurrencies, Dogecoin can be generated through mining. Mining refers to calculating complex mathematical problems to ensure the security and verification of transactions, and then obtaining a certain number of Dogecoins as a reward.

Dogecoin’s value in the market has always been very volatile, as it has experienced many wild swings in price. Despite this, it remains one of the top cryptocurrencies by market capitalization. Although Dogecoin had no clear practical use initially, its acceptance gradually grew. Some merchants and service providers are beginning to accept Dogecoin as a payment method, and some are using it for small tips and donations.

The above article is all the answers given by the currency circle editor to the question of how much Dogecoin is now. The price of Dogecoin, like other digital currencies, is constantly fluctuating. Due to the high volatility of the market, the price of Dogecoin may rise or fall significantly in a short period of time. Therefore, investors should always pay attention to the market conditions. In addition, when investing in Dogecoin or other digital currencies, rational decision-making is crucial. Investors should know their investment goals, risk tolerance and investment period, allocate funds reasonably, and control risks. Although Dogecoin has relatively high High visibility and community activity, but the risk factors cannot be ignored.