Understanding about Dogecoin as a cryptocurrency and digital payment platform, we explore many exciting things. The actual purpose behind its creation was to reach a broader demographic than conventional digital currencies. Dogecoin was first introduced as a 'joke currency' or 'meme coin' since the coin began as a meme-inspired joke on the internet. But Dogecoin has other uses too like you can conduct transactions with compatible vendors. However, it has gained popularity as a currency for tipping content creators on the internet.
Dogecoin is a popular crypto coin so that you can find currency conversion rates for this coin on almost every crypto exchange. These exchanges, including Bitcoinxchanger, offer Dogecoin value calculator to estimate your outcomes. This Dogecoin value calculator and how does it work? It uses a simple mathematical principle to calculate the ROI of Dogecoin. It brings you the historical Dogecoin price from the database and compares it with the current price for Dogecoin and calculate the profit or loss made on it.
It is a fantastic tool which does this simple calculation and gets the amount Dogecoin you would have got by investing x $'s on that day ($x/price of Dogecoin). It also calculates the current rate of that amount in USD (current Dogecoin price amount of Dogecoin purchased in the past). Now it calculates the return on investment (ROI) by dividing the amount in USD today by amount invested and multiplying it by 100.
Dogecoin in Market Capitaization
Dogecoin has been successful in reaching a total market capitalization of over $2 billion. Dogecoin enjoyed a tremendous rise in popularity through the years after its creation, mostly due to Reddit and various social media platforms, finally led to an incredible increase in price by the end of 2017 – the beginning of 2018.
The current price of Dogecoin on Dogecoin value calculator fluctuates around $0,002060; the total market capitalization is $252,556,102, which makes DOGE one of the top-30 most popular digital currencies as of December 2019. The circulating supply is 122,618,132,593 DOGE.