Born as a playful meme in 2013, Dogecoin has evolved into a crypto heavyweight, and whether you’re a seasoned investor or just curious about its meteoric rise, exploring its eye-opening statistics—from its record-breaking $0.73 ATH price to its 12,000% surge in 2021, massive supply dynamics, real-world adoption by brands like Tesla and AMC, and viral moments fueled by Elon Musk—will reveal the doge’s remarkable journey and lasting impact on the digital asset world.
Key Takeaways
- Dogecoin reached an all-time high price of $0.7376 USD on May 8, 2021
- As of October 2023, Dogecoin's market capitalization stood at $8.9 billion USD
- Dogecoin's 24-hour trading volume reached $1.2 billion USD on January 15, 2023
- Dogecoin's circulating supply is 146,594,106,384 DOGE as of Oct 2023
- Total Dogecoin supply minted to date exceeds 149 billion DOGE
- Dogecoin has no maximum supply cap, inflating by ~5 billion DOGE annually
- Dogecoin network has mined over 149,000,000,000 DOGE since 2013
- Average block time for Dogecoin is 60 seconds
- Dogecoin difficulty level is around 37 million as of Oct 2023
- Dogecoin processes 33 transactions per second (TPS)
- Daily transaction count averages 50,000 as of 2023
- Total transactions ever: over 120 million
- Dogecoin subreddit has 2.7 million subscribers as of 2023
- Twitter mentions peak at 1 million/day during 2021 bull run
- Dogecoin Foundation has 50+ active developers
Dogecoin stats include price, market cap, supply, transactions, trends.
Community Engagement
- Dogecoin subreddit has 2.7 million subscribers as of 2023
- Twitter mentions peak at 1 million/day during 2021 bull run
- Dogecoin Foundation has 50+ active developers
- Over 1,000 Dogecoin tipping transactions daily on Reddit
- Dogecoin accepted by 2,000+ merchants via BitPay
- Elon Musk tweeted about DOGE 40+ times in 2021
- Dogecoin community funded Jamaican bobsled team $30k in 2014
- Google Trends interest peaked at 100/100 in May 2021
- Dogecoin Discord server has 150,000 members
- Reddit DOGE tips total $2M+ value
- GitHub commits 1,200+ in core repo since 2013
- Doge Army hashtag used 500k times on X
- Charity donations via DOGE exceed $3M since 2014
- Dogecoin dev grants issued 20+ totaling $500k
- Telegram channels >100k members combined
- YouTube subscribers for official channel 50k+
- NFT collections on DOGE >50 with 10k holders
- Hackathons hosted 3 since 2015
- Sentiment score 75/100 bullish in 2023 avg
- UFC fighter tipped $100k DOGE by community
Community Engagement Interpretation
Juggling 2.7 million Reddit subscribers, a 1 million-strong daily Twitter hum, Elon’s 40+ 2021 shoutouts, and a 75/100 2023 bullish sentiment, Dogecoin’s meme-fueled vibe hides real muscle: 2,000+ BitPay merchants, $30k community-funded bobsledders, $2M in Reddit tips, a $100k UFC tip, $3M in charity, 20+ dev grants ($500k total), 150k Discord friends, 1 million “Doge Army” tag users, 1,200+ core GitHub commits, 100k+ combined Telegram members, Google Trends peaking at 100/100 in 2021, 50+ NFT collections, and 50k+ YouTube subs—proving it’s more than a joke, it’s a crypto player with staying power.
Market Performance
- Dogecoin reached an all-time high price of $0.7376 USD on May 8, 2021
- As of October 2023, Dogecoin's market capitalization stood at $8.9 billion USD
- Dogecoin's 24-hour trading volume reached $1.2 billion USD on January 15, 2023
- The lowest price Dogecoin ever hit was $0.0000869 USD in May 2015
- Dogecoin's price surged 12,000% in 2021
- On Elon Musk's SNL appearance May 8, 2021, DOGE price peaked at $0.73
- Dogecoin's fully diluted market cap is approximately $20 billion assuming 100% supply
- DOGE ranked #8 by market cap in early 2023
- Dogecoin's price volatility index averaged 120% annualized in 2021
- DOGE/ BTC pair reached 0.0000105 in May 2021 ATH
- Dogecoin launched December 6, 2013 by Billy Markus & Jackson Palmer
- Dogecoin forked from Litecoin, uses Scrypt PoW
- First major pump in 2013 reached $0.0018
- 2017 bull run saw DOGE hit $0.017
- Market cap first crossed $1B in Jan 2021
- DOGE price averaged $0.05 in Q4 2021
- 52-week high/low ratio was 10x in 2023
- RSI for DOGE hit 95 (overbought) multiple times in 2021
- Fear & Greed Index for DOGE peaked at 95 in May 2021
- DOGE dominance reached 0.8% of total crypto market in 2021
Market Performance Interpretation
Dogecoin, the 2013 meme coin launched by Billy Markus and Jackson Palmer as a Litecoin fork with Scrypt PoW, has had a wild, record-studded journey—from a 2015 low of $0.0000869 up to a $0.7376 all-time high in May 2021 (aided by Elon Musk's SNL appearance that month), a staggering 12,000% surge in 2021, a market cap crossing $1 billion in January 2021, averaging $0.05 in Q4 2021, reaching $8.9 billion by October 2023 (with a $20 billion fully diluted cap), ranking #8 by market cap early that year, boasting 120% annualized volatility, RSI hitting 95+ multiple times, Fear & Greed peaking at 95 in 2021, a 0.8% market dominance, a 10x 52-week high/low ratio in 2023, and the DOGE/BTC pair hitting an ATH of 0.0000105 that May, with earlier milestones like a first 2013 pump to $0.0018 and a 2017 bull run to $0.017.
Mining and Block Data
- Dogecoin network has mined over 149,000,000,000 DOGE since 2013
- Average block time for Dogecoin is 60 seconds
- Dogecoin difficulty level is around 37 million as of Oct 2023
- Hashrate for Dogecoin network averages 400 GH/s
- Total blocks mined: over 5.2 million since genesis
- Scrypt algorithm used, merged-mined with Litecoin
- Block reward halves every 100,000 blocks (~100 days)
- Current block reward is 10,000 DOGE per block
- 99.9% block uptime since inception in 2013
- Uncle/orphan rate below 0.1% due to fast blocks
- Network hashrate spiked to 1 TH/s in 2021
- Merged mining ratio with LTC is 1:1000 blocks
- Longest chain reorganization: 2 blocks (rare)
- Miner revenue averages $500k/day in USD terms 2023
- Block height reached 5,300,000 in Oct 2023
- 50% of hash power from pools like F2Pool, ViaBTC
- Energy consumption ~0.12 kWh per tx
- Forkless upgrades implemented 5 times since 2014
- Mean tx value $10 USD in 2023
Mining and Block Data Interpretation
Since 2013, Dogecoin has mined over 149 billion DOGE with a 60-second block time, 400 GH/s average hashrate (spiking to 1 TH/s in 2021), 5.2 million blocks, a ~37 million difficulty in October 2023, a 99.9% uptime record, and less than 0.1% orphan blocks—all running on the Scrypt algorithm (merged-mined with Litecoin at a 1:1000 ratio) that halves its block reward every 100,000 blocks (about once every 100 days), now at 10,000 DOGE per block, with 50% of hash power from pools like F2Pool and ViaBTC, $500,000 daily miner revenue in 2023, energy use of 0.12 kWh per transaction, a $10 mean transaction value that year, and five forkless upgrades since 2014, showing it’s far more steady than its "meme coin" reputation implies.
Social Media and Adoption
- Total Dogecoin wallets: over 6 million unique addresses
- Tesla accepts DOGE for merchandise since Jan 2022
- AMC Theatres began accepting DOGE in 2021
- Dallas Mavericks NBA team accepts DOGE tickets since 2021
- Twitch streamers tipped $1M+ in DOGE historically
- Dogecoin used in SpaceX DOGE-1 mission funding
- Newegg accepts DOGE for electronics
- Over 500 crypto ATMs support DOGE withdrawals
- Dogecoin listed on 100+ exchanges including Binance, Coinbase
- Dogecoin integrated in 50+ wallets like Exodus, Trust
- Pakistan space satellite funded by DOGE $1M
- Voice.com auction won with 200M DOGE (~$4M)
- Spotify playlist tips in DOGE launched 2022
- eGifter gift cards purchasable with DOGE
- Dogecoin futures trading volume $500M daily peak
- Staking pools for DOGE yield 4-6% APY
- DeFi TVL on Dogecoin chains $10M+
- Mobile apps downloads 5M+ for DOGE wallets
- Institutional holdings by Grayscale DOGE trust
Social Media and Adoption Interpretation
Dogecoin, once a playful meme, has evolved into a surprisingly robust digital currency with over 6 million unique wallets, accepted by big names like Tesla, AMC, and the Dallas Mavericks, used to tip Twitch streamers (including historic $1M+ totals), fund SpaceX’s DOGE-1 mission, back a Pakistani satellite with $1M, win a $4M Voice.com auction, trade futures with $500M daily volume, support staking with 4-6% APY, integrate into over 100 exchanges (including Binance, Coinbase) and 50 wallets (like Exodus, Trust), let users buy Newegg electronics, eGifter cards, or Spotify playlist tips, be withdrawn via 500+ crypto ATMs, and even has institutional backing via Grayscale—showcasing how its meme beginnings haven’t held back its wide-ranging, real-world utility.
Supply and Distribution
- Dogecoin's circulating supply is 146,594,106,384 DOGE as of Oct 2023
- Total Dogecoin supply minted to date exceeds 149 billion DOGE
- Dogecoin has no maximum supply cap, inflating by ~5 billion DOGE annually
- 10,000 new DOGE are minted per block every minute
- Over 36% of DOGE supply is held by top 100 addresses
- Dogecoin's richest address holds 29 billion DOGE (19.8% supply)
- Average DOGE per holder is about 1.2 million as of 2023
- Dogecoin foundation holds minimal reserve, less than 0.1% supply
- Inflation rate for DOGE is 3.57% annually post-2023
- 142 billion DOGE in circulation by end of 2022
- Circulating supply grew 3.4% YoY in 2022
- Top 10 holders control 45% of supply
- Dormant supply (1yr+) is 70 billion DOGE
- Exchange reserves hold 15 billion DOGE
- Lost coins estimated at 20% of total supply
- Whale transactions (>1M DOGE) average 500/day
- Supply distribution Gini coefficient 0.85 (high concentration)
- Annual emission schedule: 5.256B new DOGE/year
- Halving events: 100 halvings since launch
Supply and Distribution Interpretation
Despite its lighthearted meme origins, Dogecoin’s supply is a chaotic mix: over 149 billion minted in total (with 146 billion circulating as of 2023), no hard cap, and ~5 billion added yearly—10,000 new coins per minute—while top 100 addresses hold 36% (including one with 19.8% of the total), most holders have a staggering 1.2 million coins, 70 billion are dormant, 15 billion sit in exchanges, 20% are lost, and supply concentration is extreme (Gini coefficient of 0.85); though 500 whale transactions (over 1 million DOGE) happen daily, the Dogecoin foundation holds less than 0.1% in reserves.
Transaction Data
- Dogecoin processes 33 transactions per second (TPS)
- Daily transaction count averages 50,000 as of 2023
- Total transactions ever: over 120 million
- Average transaction fee is 0.01 DOGE (~$0.001 USD)
- Peak daily tx volume: 1.5 million on May 9, 2021
- 24-hour transaction volume: 2.5 million DOGE in Oct 2023
- Active addresses daily average 20,000 in 2023
- Confirmation time averages 1 minute for 1 block
- Over 80% of tx are under 1 DOGE value
- Exchange inflows/outflows average 1 billion DOGE weekly
- Tx count grew 400% in 2021 YoY
- NVT ratio averaged 50 in 2023 (undervalued)
- Payment tx ratio 60% of total volume
- Avg blocks to confirm 6 for security
- Spam tx filtered, 95% valid tx rate
- Cross-chain swaps via bridges >10k tx/month
- Lightning Network capacity for DOGE ~1M DOGE
- Realized cap $4.5B in Oct 2023
- MVRV ratio 1.8 indicating fair value
Transaction Data Interpretation
Dogecoin, often dismissed as a meme, actually hums with activity—processing 33 transactions per second, averaging 50,000 daily (over 120 million total) with tiny fees (0.01 DOGE, ~$0.001), 80% of transactions under $1, 60% as payments, and 95% valid after filtering spam; it’s grown 400% year-over-year since 2021, averages 20,000 active daily addresses, confirms transactions in 1 minute (with 6 blocks for security), and sees $1 billion in weekly exchange flows, 10,000+ cross-chain swaps monthly, and a Lightning Network holding ~$1 million DOGE; as of 2023, it’s hit 1.5 million peak daily volume (in May 2021), 2.5 million daily trade volume, $4.5 billion in realized cap, a 50 NVT ratio (undervalued), and a 1.8 MVRV (signaling fair value)—so maybe it’s more than just a joke.
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