DOGECOIN NEWS, ANALYSIS AND FORECAST
Latest Dogecoin News
Dogecoin Technical overview
Latest Dogecoin Analysis
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Ripple ticks higher as selling pressure eases amid whale net outflows
Ripple edges higher near $1.30 on Wednesday, building on a broader crypto market recovery wave. The uptick comes amid the US midterm elections, in which the Democratic Party has clinched victory in the Senate and is on track to gain control of Congress.
Crypto Today: Bitcoin, Ethereum, XRP extend advance as US Dollar slides on Democrats' US midterm victory
Bitcoin trades above $78,000 on Wednesday as risk-on sentiment improves in the broader cryptocurrency market. Ethereum mirrors BTC’s recovery outlook, hovering above $2,300. Ripple similarly exchanges hands above $1.28, marking two consecutive days of gains.
Pi Network Price Forecast: Bullish breakout hopes fade as PI approaches record lows
Pi Network (PI) is trading in the red on Wednesday, hovering around $0.0755, with a downside risk toward the $0.0704 record low. The retail activity in the derivatives market declines as PI futures Open Interest plunges to nearly $7.50 million.
Bitcoin: Binance security breach and hawkish Fed push BTC lower
Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.
Crypto Today: Bitcoin, Ethereum, XRP tilt toward breakout on risk-on sentiment
Bitcoin (BTC) kicked off October on a strong note, with the price breaking above $116,000 on Wednesday. Despite a market-wide expectation that September is usually a bearish month for cryptocurrencies, BTC posted gains of 5.31%.
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XRP
What is Dogecoin?
Dogecoin (DOGE) is a cryptocurrency based on a popular internet meme in 2013 featuring a Shiba Inu dog.
The meme coin functions similarly to other cryptocurrencies like Bitcoin and Litecoin but with additional features, including increased throughput, cheaper transaction fees and an unlimited supply, sealing its inflationary status. DOGE has a circulating supply of 149.9 billion and a market capitalization of $25.4 billion, making it the ninth-largest cryptocurrency by market capitalization as of July 8, 2025.
Dogecoin's uniqueness comes from a robust online community that features key influential figures, including Tesla and SpaceX CEO Elon Musk, rapper Snoop Dogg and popular investor Mark Cuban.
A turning point in Dogecoin's history is its momentous rise in H1 2021, ignited by a group of traders on the social media platform Reddit. Members of the WallStreetBets subreddit – the same group responsible for the GameStop short squeeze – heavily traded DOGE, sparking over a 4,000% increase in its price to $0.731.
Within the next year, DOGE crashed heavily to $0.059, shedding 90% of its market capitalization following the crypto bear market in 2022. However, the cryptocurrency has recovered some of the lost value.
The success of Dogecoin gave rise to a crypto market category known as meme coins, which features thousands of cryptocurrencies with similar characteristics. As of June 8, 2025, the meme coin sector is worth over $59.2 billion in market capitalization.
When was Dogecoin created?
Dogecoin was founded in late 2013 by software developers Billy Markus and Jackson Palmer as a light-hearted joke to make fun of Bitcoin and other cryptocurrencies. The coin's logo featured a popular meme at the time, the picture of Kabosu – a Shiba Inu dog – and a deliberately misspelled word "doge" describing the dog.
Palmer is credited with purchasing the Dogecoin.com domain and creating the meme coin's logo, while Markus designed its protocol by tweaking Litecoin’s code, which is a Bitcoin fork.
Since its inception, Dogecoin has experienced several ups and downs, including wallet hacks and price crashes. However, its community has helped it thrive through major fundraisers, including donating $50,000 to sponsor the Jamaican Bobsled team to the Sochi Winter Olympics and raising $50,000 to sponsor NASCAR Sprint Cup Series driver Josh Wise.
Dogecoin vs Shiba Inu
Dogecoin is considered the first meme coin and runs on its own native blockchain network, which uses the scrypt hash function. DOGE transactions are processed via a proof-of-work consensus mechanism where miners solve cryptographic problems with dedicated hardware.
Similar to Bitcoin, the first miner to solve the cryptographic problem earns the right to validate transactions and receive DOGE rewards. However, unlike Bitcoin's deflationary design, DOGE has an unlimited supply.
On the other hand, Shiba Inu (SHIB) is an ERC-20 token – also based on the Shiba Inu dog – that runs on the Ethereum blockchain. Hence, SHIB doesn't have its own blockchain network and could be affected by technical hurdles encountered by the Ethereum blockchain.
SHIB has a fixed supply of 1 trillion and is touted as the "Dogecoin killer" by its community. The Shiba Inu community launched the Shibarium Layer 2 blockchain network on Ethereum to improve the scalability and performance of Shiba Inu ecosystem activities.
DOGE ranks as the largest meme coin with a market capitalization of $25.4 billion, while SHIB follows behind with a market cap of $6.9 billion as of July 8, 2025.