Stuck in the Red Zone, Here's the Performance of Memecoin Dogecoin

Liputan6.com, Jakarta Dogecoin (DOGE) is a cryptocurrency based on the popular “doge” internet meme and features a Shiba Inu dog in its logo. Dogecoin is the world's largest meme coin crypto.

As reported by Coinmarketcap, this open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and forked from Litecoin in December 2013.

Dogecoin's creators envisioned it as a fun, light-hearted cryptocurrency that would appeal more to Bitcoin's core audience, as it is based on a dog meme.

Dogecoin is one of the top cryptos by market cap and the most popular meme coin in the world. As one of the cryptos that is in high demand by investors, DOGE's price movements are often watched.

Based on data from Coinmarketcap, Wednesday (3/7/2024) Dogecoin weakened 1.13 percent in the last 24 hours. The current price of Dogecoin is at Rp 1,994 with a trading volume of Rp 7.6 trillion in the last 24 hours.

Meanwhile, the current Coinmarketcap ranking is 9. Dogecoin has a market capitalization of around Rp 289 trillion. Until now, there has been a circulation of supply of 132.6 billion Dogecoins from the maximum supply not available.