This cryptocurrency has been receiving much wow, many interest in the news lately. Initially launched as a joke in 2013, Dogecoin is now supported by a community of very active fans on social media. Its logo features the expressive Japanese dog breed Shiba Inu, best known for its appearance in one of the most famous internet memes. But while the DOGE is fully aware of its zany side, it’s not completely lacking in practicality.
Performance summary for DOGE/USD
View the annual performance of DOGE/USD, the cryptocurrency launched in 2013
More about Dogecoin
Dogecoin is a highly speculative investment, subject to significant volatility. Such volatility and, more generally, the price of DOGE have, in a recent past, been heavily influenced by communications (e.g. tweets) from well-known persons such as Elon Musk.
Only a few hundred people reportedly hold the majority of the available tokens, which means that the price of DOGE may be more prone to market abuse (in particular price manipulation) than other cryptocurrencies. The price of DOGE could fall to zero in a short period of time if certain persons stop supporting it. Transactions in DOGE may, by their nature, generate a substantial or total loss of the investment. Read more about the risks associated with cryptocurrencies in our Digital Assets Risk Disclosure.