Dogecoin Data: Statistics and Insights350

Dogecoin, the popular cryptocurrency known for its Shiba Inu mascot, has gained significant traction in recent years. Here are some key data and insights about Dogecoin:

Network Statistics

Block Height: 1,441,708 (as of March 6, 2023)

Difficulty: 23.90 TH/s

Hash Rate: 298.62 MH/s

Supply: 132.67 billion DOGE

Circulating Supply: 132.67 billion DOGE

Max Supply: None

Price and Market Data

Price (as of March 6, 2023): $0.09194

Market Cap: $12.15 billion

Trading Volume (24h): $442.3 million

All-time High: $0.7376 (May 8, 2021)

All-time Low: $0.000183 (February 6, 2014)

Transaction Data

Average Transaction Fee: $0.0003

Average Transaction Time: 1 minute

Total Transactions: Over 910 million

Community and Adoption

Dogecoin Community: Highly active and passionate community with millions of followers on social media

Merchant Acceptance: Increasingly accepted by businesses and individuals for payments

Charitable Donations: Dogecoin has been used for numerous charitable causes, including raising funds for COVID-19 relief

Behind the Scenes

Founder: Billy Markus and Jackson Palmer (developed as a joke in 2013)

Consensus Mechanism: Proof-of-Work

Block Time: 1 minute

Halving Schedule: No halving schedule, new coins produced at a constant rate

Investment Considerations

Volatility: Dogecoin is highly volatile, with significant price fluctuations

Meme-based: Its value is largely influenced by social media sentiment and community support

Limited Use Cases: Compared to other cryptocurrencies, Dogecoin has fewer practical use cases

Regulatory Risk: Government regulations could potentially impact the value and legality of Dogecoin

Conclusion

Dogecoin is a fascinating cryptocurrency that has captured the attention of many. Its strong community, low transaction fees, and playful mascot have been driving factors behind its success. However, investors should be aware of its volatility and limited use cases before making any investment decisions. As with any cryptocurrency, it is important to research thoroughly and invest responsibly.

2024-12-21

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