Dogecoin's latest price today 20230214 Dogecoin DOGE historical price trend chart

Dogecoin's price has fluctuated drastically, with notable surges in 2017 and 2021 driven by market demand and support from Elon Musk.

Feb 10, 2025 at 03:13 am

Dogecoin's Latest Price Today (2023-02-14) and Historical Price Trend Chart

Key Points

• Dogecoin's current price: $0.0873
• Dogecoin's 24-hour trading volume: $245 million
• Dogecoin's market cap: $11.4 billion
• Dogecoin's highest historical price: $0.7376 (May 8, 2021)
• Dogecoin's all-time low: $0.000217 (January 27, 2015)

Historical Price Trend Chart

Dogecoin's historical price trend chart shows a volatile trajectory with several major price surges and drops.

• Early Days (2014-2017): Dogecoin's price remained relatively stable, hovering around $0.001.
• 2017 Bull Run: Dogecoin experienced its first major price surge in 2017, reaching a peak of $0.0168 (January 7, 2018).
• 2018 Market Crash: The cryptocurrency market crash in 2018 caused Dogecoin's price to plumme, dropping to a low of $0.0024 (December 15, 2018).
• 2020 Growth: Dogecoin's price started to recover in 2020, driven by increased interest from retail investors and social media buzz.
• 2021 Bull Run: Dogecoin experienced another major price surge in early 2021, reaching a record high of $0.7376 (May 8, 2021).

Factors Influencing Dogecoin's Price

Dogecoin's price is influenced by a variety of factors, including:

• Supply and Demand: Like other cryptocurrencies, Dogecoin's price fluctuates based on supply and demand.
• Market Sentiment: Positive or negative market sentiment can drive short-term price movements.
• Elon Musk: Tesla and SpaceX CEO Elon Musk has been a vocal supporter of Dogecoin, and his tweets have often caused significant price swings.
• Adoption and Use Cases: The adoption of Dogecoin for payments and other use cases can increase its demand and price.
• Regulations and Laws: Cryptocurrencies, including Dogecoin, are subject to regulations and laws, which can impact their price.

Steps to Buy Dogecoin

If you are interested in buying Dogecoin, you can follow these steps:

1. Choose a Cryptocurrency Exchange: Several reputable cryptocurrency exchanges support Dogecoin trading. Examples include Binance, Coinbase, and Kraken.
2. Create an Account: Open an account with the chosen exchange and complete the required verification process.
3. Add Funds: Deposit funds into your exchange account using a bank transfer, credit card, or debit card.
4. Buy Dogecoin: Place a buy order for Dogecoin in your exchange account. Specify the amount of Dogecoin you want to purchase and the price you are willing to pay.
5. Store Your Dogecoin: Once your purchase is complete, store your Dogecoin in a secure wallet.

Other Cryptocurrencies to Consider

Besides Dogecoin, there are several other cryptocurrencies with significant market caps and popularity. These include:

Bitcoin (BTC): The original cryptocurrency, Bitcoin is the dominant asset in the crypto market.
Ethereum (ETH): An open-source platform that supports smart contracts and decentralized applications.
Binance Coin (BNB): The native token of the Binance exchange, BNB offers various benefits and use cases.

FAQs

What is Dogecoin and why is it popular?

Dogecoin is a decentralized, peer-to-peer cryptocurrency created as a joke in 2013. It has become popular due to its low price, large supply, and support from the Dogecoin community.

Is Dogecoin a good investment?

The value of Dogecoin is highly volatile and subject to market fluctuations. While it has experienced significant price surges in the past, it is important to invest cautiously and be prepared for potential losses.

Where can I buy Dogecoin?

You can buy Dogecoin on cryptocurrency exchanges such as Binance, Coinbase, and Kraken. Ensure you choose a reputable exchange with a strong security track record.

How do I store Dogecoin?

You can store Dogecoin in a secure cryptocurrency wallet. Popular wallet options include hardware wallets, software wallets, and mobile wallets.