DOGE is Top Memecoin, How Much Dogecoin Total is in Circulation?

Bittime - Dogecoin (DOGE) is the first memecoin in the crypto industry. Regardless of how much Dogecoin is in circulation, currently DOGE is the largest meme coin in the world and occupies 7th position with a market cap of $47 billion US dollars based on CoinMarketCap data.

As the cryptocurrency world continues to develop in Indonesia and globally, many crypto assets are receiving special attention from investors, communities and even celebrities. One of the most prominent is Dogecoin. 

What Is Dogecoin?

Dogecoin is a cryptocurrency that was originally created as a joke but now has a significant role in the crypto ecosystem. With a solid community background and the support of well-known figures, Dogecoin has managed to survive in this highly competitive market.

Supply Dogecoin In Circulation

Unlike Bitcoin which has a maximum supply of 21 million coins, Dogecoin has no supply limit. Initially limited to 100 billion coins, the limit was removed in 2014, making it an inflationary currency. 

Every year, approximately 5 billion new Dogecoins are added to the market through mining, bringing the total supply of Dogecoins to date surpassing 132.7 billion. This creates a challenge to maintain its value in the long term due to potential oversupply.

A Brief History of Dogecoin

Dogecoin was launched in 2013 by Billy Markus and Jackson Palmer as a meme cryptocurrency with a Shiba Inu dog logo. 

Originally designed to be casual and user-friendly, Dogecoin managed to catch the attention of the public thanks to its low fees and fast transaction times. 

Based on Scrypt's Proof of Work (PoW) algorithm, Dogecoin can be mined using ordinary consumer hardware. Each new block takes about a minute to process.

Dogecoin Community Action

The Dogecoin community is known to be generous and they often raise funds for social causes. 

For example, the Dogecoin community once raised funds to support the Jamaican team in the 2014 Winter Olympics and a clean water supply project in Kenya. 

The Future of Dogecoin

Like other cryptocurrencies, Dogecoin's future depends heavily on adoption rates, market sentiment and global regulatory developments. Even though inflation challenges are in the spotlight, an active community and global recognition give Dogecoin a competitive edge. 

Since its inception, Dogecoin has proven that humor, accessibility, and innovation can create a tremendous impact in today's digital financial world.

FAQ 

What is Dogecoin (DOGE)?

Dogecoin is a cryptocurrency that was originally created as a joke but now has a significant role in the crypto ecosystem. Currently DOGE is in 7th position based on market cap.

Who Created Dogecoin?

Dogecoin was launched in 2013 by Billy Markus and Jackson Palmer as a meme cryptocurrency with a Shiba Inu dog logo. 

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Reference

CoinMarketCap, Dogecoin, accessed January 1, 2025.
Atomic Wallet, How Many Dogecoin are there, Accessed January 1, 2025.