Dogecoin (DOGE) / INR Overview
Current Price: ₹14.25 (-3.84% in 24 hours)
Market Cap: ₹2,136.78 Billion (0.75% of total crypto market)
24h Trading Volume: ₹92.38 Billion
Note: Prices are sourced from CoinMarketCap and may vary slightly on trading platforms.
What Is Dogecoin?
Dogecoin began in 2013 as a lighthearted spin on the Shiba Inu meme but quickly grew into a legitimate cryptocurrency. Created by Billy Markus and Jackson Palmer, it uses Litecoin’s "scrypt" algorithm and operates on a proof-of-work (PoW) system. Unlike Bitcoin, Dogecoin has no supply cap, making it an inflationary asset.
Key Features:
- Community-Driven: Widely used for tipping on social platforms like Reddit.
- Low Fees: Ideal for microtransactions.
- Cultural Icon: The Shiba Inu mascot fuels its popularity.
👉 Buy Dogecoin securely on ZebPay
Dogecoin’s Future Potential
Elon Musk’s public endorsement in 2021 boosted Dogecoin’s credibility. The Dogecoin Foundation’s relaunch that year added industry experts to its board, focusing on long-term growth:
- Funding Goals: Secure a 3-year runway for full-time development.
- Mass Adoption: Enhance transaction efficiency for broader use.
- Safety: Blockchain security makes it resistant to hacks.
Analysts view Dogecoin as a stable investment due to its high-profile support and community strength.
How to Buy Dogecoin in India
Follow these steps to invest:
- Sign Up: Register on ZebPay Exchange.
- Complete KYC: Upload ID proofs for verification.
- Deposit Funds: Load your wallet via bank transfer or UPI.
- Purchase DOGE: Buy instantly at market rates.
Why Choose ZebPay?
- 5M+ Users: Trusted since 2014.
- High Liquidity: Competitive pricing.
- User-Friendly: Intuitive interface for beginners.
👉 Start trading Dogecoin today
Market Data (Key Stats)
| Metric | Value |
|---|---|
| 52-Week Low | ₹5.51 |
| 52-Week High | ₹18.89 |
| All-Time High | ₹54.06 (2021) |
| Circulating Supply | 149.96 Billion DOGE |
| 7-Day Price Change | +3.98% |
FAQs
1. Is Dogecoin a good investment?
While volatile, its strong community and celebrity backing offer growth potential. Diversify your portfolio and invest cautiously.
2. How is Dogecoin different from Bitcoin?
Dogecoin has unlimited supply and faster transactions, whereas Bitcoin is deflationary with a 21-million cap.
3. Where can I store Dogecoin?
Use ZebPay’s built-in wallet or hardware wallets like Ledger for security.
4. Can I mine Dogecoin?
Yes, but it requires PoW mining hardware (often merged with Litecoin mining).
5. Why did Elon Musk support Dogecoin?
Musk praised its low-cost transactions and meme culture appeal, calling it the "people’s crypto."
Dogecoin combines humor with utility, making it a unique player in crypto. Always research before investing.
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