$DOGE
Fundamental Analysis
Market Cap and Ranking:
Dogecoin is ranked No. 7, with a market cap of $55.45B (≈ Rs15.41T). This high market cap indicates significant investor interest and liquidity.
Market Dominance: 1.79%, meaning it holds a notable position in the crypto market but is relatively small compared to Bitcoin or Ethereum.
Circulation Supply:
146.87B DOGE in circulation. As Dogecoin has no supply cap (unlike Bitcoin), inflationary pressures can dilute its value over time.
Historical Price:
All-Time High (ATH): $0.7375666 (≈ Rs205.05) on May 8, 2021, driven by retail and social media hype (e.g., Elon Musk's endorsements).
All-Time Low (ATL): $0.00008547 (≈ Rs0.023) on May 7, 2015, reflecting its early, overlooked phase.
Current price of $0.37922 is 48.6% below the ATH, which may attract long-term investors seeking a discounted entry.
Dogecoin launched on December 12, 2013, making it one of the oldest altcoins. Its longevity adds credibility compared to newer, unproven projects.
