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Decided Dogecoin is a good investment? You can buy DOGE on Coinbase! Others see Dogecoin as a highly speculative and risky investment, much more than Bitcoin or Ethereum. Despite Musk's support for the currency, none of his companies have publicly invested in Dogecoin as yet,unlike Bitcoin. Dogecoin (DOGE) Like most cryptocurrencies (not including stablecoins, for example), Dogecoin is not backed by any assets or cash flow. That means its price is determined solely by what other people are willing to pay for it. That’s in sharp contrast to a stock, where long-term price appreciation is driven by the performance of the underlying business. The appreciation of Dogecoin relies on speculators being even more optimistic, or what’s called the “greater fool theory of investing.” The live Dogecoin price today is $0.132535 USD with a 24-hour trading volume of $441,646,728 USD. We update our DOGE to USD price in real-time. Dogecoin is down 1.96% in the last 24 hours. is 13, with a live market cap of $17,583,524,062 USD. It has a circulating supply of 132,670,764,300 DOGE coins and the max. supply is not available.