Dogecoin Called Oct 20, 2026 at $0.0812. Since then: 0% against bitcoin. Score today: 75 out of 100 under our published rule; meme coins are capped at Watch.
| Track record | +10 |
|---|---|
| Size (top 20) | +10 |
| Trading activity | +10 |
| Coins still to come | +10 |
| Distance from peak | −15 |
What would change it: It can't go above Watch under our rule. It would drop to Reject below 45. Every call is tracked on the Scorecard.
Research, not financial advice. A verdict rates the coin's health under a fixed rule; it is not a price prediction or advice for your situation. Crypto can lose most or all of its value.
What it is
Dogecoin started in December 2013 as a joke based on the Shiba Inu 'doge' internet meme, and has since become one of the most widely held cryptocurrencies. People use it for tipping, small payments and, above all, trading. It has a large online following, and its price often reacts to celebrity posts and social media more than to anything happening on the network.
Dogecoin is a proof-of-work coin built from Litecoin's code. Miners produce a block about once a minute. Since 2014 it has been 'merge-mined' with Litecoin, which means the same mining machines secure both networks at once. That gives Dogecoin much more protection than its own rewards would pay for. A small group of volunteer developers maintains the software, and the non-profit Dogecoin Foundation supports the project.
There is no supply cap. Every block pays a fixed 10,000 DOGE, which works out to roughly 5 billion new coins a year. Because that number never changes, the inflation rate slowly falls as a percentage of the growing total. The first U.S. spot Dogecoin ETF, from Grayscale, began trading on NYSE Arca in late 2025.
What can go wrong
- Supply grows by about 5 billion coins a year with no end date, so holders are steadily diluted unless demand keeps pace.
- The price is driven mainly by attention. Posts from a few high-profile figures have moved it sharply in both directions, and that support can vanish without warning.
- Development is handled by a small volunteer team with limited funding, so upgrades are slow, and much of the network's security comes from Litecoin miners.
- A large share of coins sits in a small number of addresses, many of them belonging to exchanges and custodians.
Scammers constantly impersonate famous Dogecoin fans with 'giveaway' posts that promise to send back double whatever you send. Real giveaways never ask you to send crypto first.
Safety checks
- Track recordGoodTrading since 2013, about 13 years. It has been through at least one full market cycle.
- Trading activityGood$434.6 million traded in the last 24 hours, 3.4% of its market value. That's enough activity that a normal-size order shouldn't move the price.
- Coins still to comeGood156.40 billion of 156.41 billion total coins are in circulation, so about 0% or less are still to be released. Little new supply is left to hit the market. There is no fixed maximum, so new coins can keep being created.
- Distance from its peakRed flagDown 89% from its all-time high of $0.7316 in May 2021. Most people who bought near the top have lost most of their money. A big drop doesn't make a coin cheap.
- Past yearFor context−59.1% over the past year, against −25.3% for bitcoin. It has done worse than simply holding bitcoin.
- Contract powersGoodThis is the native coin of its own network, not a token issued by a smart contract, so there's no owner key that can mint, freeze or tax it. Changes to the rules go through the network's upgrade process.
History of trouble and big events
- 2014: Dogecoin began merge-mining with Litecoin to strengthen its security.
- 2015: The block reward dropped to a permanent 10,000 DOGE in February.
- 2025: The first U.S. spot Dogecoin ETF launched in November.
Holding a token on a smaller network, or got sent one you don't recognize? Run its address through the free checker. Copycat tokens often borrow big names.