Dogecoin Price (AUD) Chart

DogeCoin price (AUD)

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DogeCoin is on the incline in the last 7 days

In the past 24 hours, the price of DogeCoin has increased by 3.2%. It's price has risen by 29.6% in the last 7 days. The current price per DOGE is $0.16 AUD. There is a current circulating supply of 137,104,256,384 DOGE.

What is Dogecoin (DOGE)

Dogecoin is a popular peer-to-peer, open-source cryptocurrency. The creation of Dogecoin was originally seen as a joke since the cryptocurrency referenced the once-popular internet meme of a Shiba Inu dog. Dogecoin was never designed to have any real-world utility, however, since its launch in 2013, DOGE has acquired a large community of supporters who believe it is the future of cryptocurrency.

Dogecoin (DOGE) is a form of digital currency used for peer-to-peer transactions of goods, services and other currencies (I.e Australian dollars). Reddit users can also use DOGE for “tipping” users that create or share great content.

The Dogecoin community believe that the coin’s cryptography and unlimited supply makes it faster and more adaptable than its main competitors, Bitcoin (BTC) and Litecoin (LTC).

To learn more about Dogecoin check out our guide to Dogecoin on Swyftx Learn

 

Dogecoin Price Chart Explained

The Dogecoin price chart can be used by traders to track the price of DOGE all the way back to its release in 2013. Users can view Dogecoin’s performance using custom timeframes and daily pricing candles.

Candlestick charts are a great tool for traders and investors to perform crypto technical analysis. Candlestick charts track an asset’s price movements based on a specific trading interval, whether it is hourly, daily or monthly.

To learn more, check out our guide to candlestick charts on Swyftx learn.

 

Who created Dogecoin (DOGE)

Dogecoin was created by American programmer, Billy Markus, who wanted to make a “joke currency.” Billy Markus worked alongside Jackson Palmer, an Australian product manager at Adobe. The pair began work on DOGE in early 2013 and launched the cryptocurrency in December of that year. Two weeks after Dogecoins launch the asset jumped 300% in price, once word spread rapidly across social media and Reddit. Within months Dogecoin’s market capitalisation had hit several million dollars.

Frequently Asked Questions

Why does Dogecoin have value?

The price of Dogecoin has seen dramatic appreciation since its original launch, becoming one of the highest ranking coins by market cap. The Dogecoin blockchain operates using a proof-of-work (PoW) consensus mechanism, just like Bitcoin Bitcoin.

 

DOGE’s core value is that it can produce blocks faster than Bitcoin, Dogecoin can process roughly 33 transactions Per Second (TPS), which is much higher than Bitcoin’s 5-7 TPS.

 

Dogecoin has amassed a widespread following with many believing DOGE is the future of crypto. Amongst these followers is Dogecoins biggest supporter, Elon Musk. Musk has favoured DOGE over any other asset, stating that its fast speeds, low fees and overall sustainability make it “the peoples crypto”. Whenever Elon Musk would tweet about DOGE, a huge price spike would follow.

What can Dogecoin be used for?

Dogecoin can be used like any other cryptocurrency. Swyftx users can buy, sell and trade Dogecoin (DOGE) on our trading platform and mobile application. Some online retailers accept DOGE in exchange for good and services. Tesla has recently allowed people to spend Dogecoin on merchandise from the Tesla store.

Where can I store Dogecoin?

When you trade DOGE with Swyftx, you can store your investments in your Dogecoin wallet. All Swyftx users have a crypto wallet integrated with their account, however, assets can also be transferred to a private wallet as well.

How is DOGE price determined?

DOGE price is determine the same way other cryptocurrencies and fiat currency like the Australian dollar (AUD) are determined. The current price of DOGE is influenced by supply and demand. When demand for people wanting to buy Dogecoin, DOGE price increases. Dogecoin price will fall if there is low demand for the asset.

 

The supply of DOGE also affects the assets price. When there is an excess of Dogecoin but low demand, DOGE price will fall. The price is likely to rise if demand exceeds supply.

Why use Swyftx?

How to invest
DogeCoin (DOGE)

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Create Account

To create an account you will be required to provide some personal details including: name, email and phone number. To activate your account, you’ll need to verify your ID by submitting a copy your identification (I.e. driver’s license or passport)

Add Funds

Once your account has been verified, you can deposit AUD via numerous payment methods including: credit or debit card, bank transfer, OSKO, PayID, POLi, crypto deposit.

Start Trading

Once the funds have cleared and are available in your account, you can buy Dogecoin in Australia on the Swyftx exchange.

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