Dogecoin | Whales Currently Hold 45.53% Of The Total DOGE Supply

The live Dogecoin price today is $0.074066 USD with a 24-hour trading volume of $418,186,529 USD.Get detailed Dogecoin price news, analysis and more on Memecoin Exchange.

Dogecoin is an open source peer-to-peer cryptocurrency that utilises blockchain technology, a highly secure decentralised system of storing information as a public ledger that is maintained by a network of computers.

Whales Currently Hold 45.53% Of The Total DOGE Supply

According to the data, whales currently hold 45.53% of the total DOGE supply worth more than 63 billion units.Should there be a further uptick in these whale accumulations, we can see a typical massive upsurge in DOGE’s price in the near term.Dogecoin is the current king of the meme coin industry, as it stands on the 9th rank in the list of top cryptocurrencies.

Dogecoin (DOGE) has formed a strong online community since its introduction, and captured the world’s attention when Tesla founder, Elon Musk, showed public support for it.Data from coin ranking site CoinMarketCap reveals that Dogecoin’s value currently stands at $10 billion.The current market cap of Dogecoin is $9,830,728,528.A high market capitalization implies that the asset is highly valued by the market.

According to market followers, Dogecoin’s market capitalization is currently worth US$12.71 billion, indicating its high value in the market. Dogecoin (DOGE) is ready to continue making strides in the cryptocurrency market.Dogecoin (DOGE) has stocks listed on top crypto platforms within the industry, including Binance, Coinbase, and Huobi Global. Dogecoin is a cryptocurrency that has a fast block time, unlimited supply, and a strong and friendly community.

Dogecoin has a number of unique features compared to other cryptocurrencies.Dogecoin has no limit on the number of coins that can be mined. Dogecoin (DOGE) transaction speeds and cheap transaction fees are two of its advantages, making Dogecoin (DOGE) a preferred alternative for micropayments and minor transactions.Dogecoin is also known for its friendly and welcoming community.

The Dogecoin community is active on social media and Reddit, and they are known for their charitable acts, such as raising funds for various causes, such as sending the Jamaican bobsled team to the Winter Olympics and building wells in developing countries.Each time Elon Musk mentions cryptocurrency adoption on Twitter, there is a significant surge in transactions and purchases of DOGE.

What is Dogecoin?

Dogecoin began as something of a joke, or a meme coin, poking fun at the perceived absurdity of cryptocurrency. Launched in 2014 by Jackson Palmer and Billy Markus, no one expected Dogecoin to become a legitimate cryptocurrency at the time of its creation.

Dogecoin is named such because of the viral “doge” meme that was incredibly popular online when Dogecoin was founded. The coin’s logo is the infamous doge image itself. A funny crypto based on a funny meme.