Find the best USD/DOGE exchange rate for Oct 20, 2020

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Dogecoin to US Dollar Exchange Rate

Live Rate

= $ 0.0025

Refreshing in: 60s | Tue, Oct 20, 06:39PM GMT

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Dogecoin: The original “joke currency” with potential for growth

After an incredible growth rate of 490% in 2017, the prospects for Dogecoin in 2018 should be watched carefully.

A $1,000 investment in Dogecoin one year ago would have netted $490,000 in profit. That amount equals a 490% increase. The question is, are the conditions right for a similar percentage gain in 2018?

At the beginning of 2018, Dogecoin (DOGE) was trading at $0.009, cooling off from its record high of just over $0.01. For any trader, it’s important to remember that in the year 2017, there was a 30-time increase in global cryptocurrency market capitalization. This means that for the well-schooled buyer, DOGE may be one of the cryptocurrencies to watch out for in 2018.

As the DOGE community says, “DOGE isn’t the end of cryptocurrencies… It’s the beginning.” With confidence like that, it’s easy to see how the daily trading volume in DOGE has increased.

In January 2017, the average daily trading volume was $188,000. By Christmas Day 2017, at the height of a recent bull run, DOGE recorded a whopping $162 million worth of trades.


DOGE has turned into a bull

For what was initially intended to be a “joke currency”, DOGE has performed well and was valued at just over $0.09 at the start of 2018. Numerous Twitter feeds looking for the next cryptocurrency bull run under $0.01 consistently point to DOGE.

The question with DOGE is: What is its value based on? Being a joke currency, does it have a chance of being a genuine form of money? Obviously, there’s some demand for DOGE since there are miners willing to process the transactions, but whether people are using it as a currency or simply for speculative trading is hard to know.

Given that there’s a maximum of 100 billion units of DOGE, and that those units have already been mined into existence, all the transactions that are taking place on the DOGE blockchain are being conducted for a fee.

If the profitability of mining DOGE falls away, will it still have some use as a currency? It’s not clear when or if that will happen, but this is a key development that buyers should be aware of.

Compare cryptocurrency wallets

Name Product Wallet type Supported Cryptocurrencies Price (USD) Disclaimer
Ledger Nano X Wallet
Hardware
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH, NEO, ETC, ZEC, XTZ, WAVES, DOGE, VET & 1,000+ more
$119
The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than its big brother, the Nano S.
Ledger Nano S Wallet
Hardware
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA & 1,330+ more
$59
Securely store some of the world's leading cryptocurrencies on the Ledger Nano S hardware wallet.
Guarda Wallet
Desktop Client, Mobile, Web
BTC, ETH, XRP, BCH, EOS, XVG, LTC, ADA, XLM, DASH & 60+ more
Free download
A multi-platform wallet with a user-friendly interface designed to store, manage, transfer and receive digital assets.
Atomic Wallet
Desktop Client
BTC, LTC, ETH, TRX, DGB, QTUM, XLM, ZEC, XRP, BCH and 150+ more
Free download
Store, buy and sell 130+ cryptocurrencies using Atomic Wallet's in-built atomic swap exchange.
TREZOR One Wallet
Hardware
BTC, ETH, XRP, BCH, LTC, LINK, XLM, HT, USDC, DASH & 1280+ more
$55
TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.
TREZOR Model T Wallet
Hardware
BTC, ETH, XRP, USDT, BCH, LTC, EOS, XTZ, LINK, XLM & 1380+ more
$170
The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing.
Sugi Wallet
Sugi Wallet
Hardware, Mobile
BTC, ETH, LTC, XRP, BCH, ERC20
$71
A NFC cryptocurrency wallet card with a mobile app that supports major cryptos and select ERC20 tokens.
CoolWallet S Wallet
Hardware, Mobile
BTC, BCH, XRP, ETH, LTC, ZEN, ICX, JOY, ZPR, LEO & 30+ more
$99
A mobile hardware wallet for iPhone or Android designed to offer wireless bluetooth transactions and cold storage.
KeepKey Wallet
Hardware
BTC, BCH , DASH, DOGE, ETH, LTC, NMC
$49
Protect your digital assets from hackers with the virus- and malware-proof KeepKey hardware wallet.
Jaxx Liberty wallet
Desktop Client, Mobile, Web
BTC, ETH, DASH, ETC, BCH, REP, LTC, ZEC, RSK, DGE, ICN, GNT, GNO, DGD, BCAP, CVC, STX, POE, MCI, QTUM, CFI, ART, PAY & 55+ more
Free download
A relatively new wallet on the market, Jaxx offers multi-platform support for seven different cryptocurrency assets.
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Where to buy, sell and exchange cryptocurrency

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Electronic Funds Transfer,Wire transfer,Osko,PayID,Ethana Custody
USD, EUR, GBP, JPY, CAD, CHF, AUD

43
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Credit card,Cryptocurrency
USD, JPY, RUB, EUR

387
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Credit card,Debit card
USD, EUR, GBP, AUD, CAD, CHF, HKD, JPY, PHP, ZAR & 30+ more

146
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
AdvCash,Cryptocurrency,Payeer,Perfect Money,Capitalist
USD, RUB

1427
cryptocurrencies

Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
Huobi Cryptocurrency Exchange
Cryptocurrency
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+MORE

234
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
AdvCash,Bank transfer,Cryptocurrency,Debit card,Payeer
USD, EUR, GBP, RUB, PLN, TRY, UAH, KZT

53
cryptocurrencies

A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options.
ShapeShift Cryptocurrency Exchange
Cryptocurrency
-

51
cryptocurrencies

Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
Bitit Cryptocurrency Marketplace
Cash,Credit card,Debit card,Neosurf,Bank transfer (SEPA)
EUR, USD, JPY, DKK, GBP, SEK, NOK, TRY & 5+ more

50
cryptocurrencies

Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
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Market rate for common transfer amounts DOGE to USD

Dogecoin (DOGE) US Dollars (USD)
Đ1 0
Đ100 0
Đ500 0
Đ1000 0
Đ1500 0
Đ2500 0
Đ5000 0

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