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memecoin DOGE reached an all-time high of $0.731578 in May 2021. Since then, it has lost 87.7% of its value.
The coin ranks ninth in market capitalization among all cryptocurrencies, according to the CoinMarketCap aggregator. The DOGE capitalization at the time of writing the article was over $11.911 billion.
On September 16, 2022, after Ethereum transitioned to the Proof-of-Stake (PoS) algorithm, DOGE became the second largest cryptocurrency by market capitalization in the world on the Proof-of-Work (PoW) algorithm after bitcoin.
As of January 23, 2023, Dogecoin was trading at $0.09, with its price rising by 4.5% over the past day.