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TürkçeThe Doge NFT Information
The Doge NFT represents a unique blend of internet culture and blockchain innovation, captivating collectors and fans alike. Its whimsical design and nostalgic appeal have sparked a surge of interest, making it a standout in the vibrant world of non-fungible tokens. As the Doge meme continues to resonate, the NFT serves as a testament to the evolving nature of digital art and community engagement in the crypto space.
The Doge NFT coin, symbolized as DOG, has carved out a niche in the crowded cryptocurrency market since its inception. With its eye-catching branding and connection to the popular Dogecoin community, it has attracted a diverse set of users and investors. In this article, we will explore the advantages and disadvantages of The Doge NFT coin, its past performance, and what the future may hold for this unique digital asset.
Historical Performance and Market Overview
The Doge NFT coin has experienced considerable volatility since its launch. At its all-time high (ATH) on September 3, 2021, the coin reached a price of $0.04176505. However, it has since witnessed a significant decline, currently trading at around $0.00637857, marking a staggering drop of approximately 84.73% from its ATH. Conversely, the coin also had an all-time low (ATL) of just $0.0000002 on August 11, 2023, highlighting a potential for growth that could entice new investors.
As of the latest update, The Doge NFT coin boasts a market cap of approximately $95 million, with a circulating supply of around 14.93 billion DOG coins out of a total supply of 16.97 billion. The trading volume over the last 24 hours stands at approximately $2.79 million, further indicating a considerable level of trading activity within the community.
Pros of The Doge NFT Coin
One of the main advantages of The Doge NFT coin is its strong community backing, primarily derived from the popular Dogecoin culture. This community-driven aspect often boosts coin visibility and fosters a sense of loyalty among users. Additionally, the coin's connection to non-fungible tokens (NFTs) has also created a unique market for digital art and collectibles, which aligns with the growing trend of NFTs in the cryptocurrency sector.
Another benefit is the low entry cost for potential investors. With a current price of $0.00637857, The Doge NFT coin is accessible to a wide range of investors, including those who may not have the resources to invest in more established coins like Bitcoin or Ethereum.
Cons of The Doge NFT Coin
On the flip side, The Doge NFT coin faces several challenges. Its significant decline from its ATH raises concerns about its sustainability and long-term value. The high volatility associated with meme coins often poses a risk for investors looking for stability. Furthermore, the project's dependence on community sentiment can lead to rapid price fluctuations influenced by social media trends and market speculation.
Additionally, while the NFT market is expanding, the competition within this space is fierce. Other NFT projects and platforms may overshadow The Doge NFT coin, making it difficult for the coin to maintain its relevance. This increased competition could hinder its growth potential and affect investor confidence.
Future Outlook
The future of The Doge NFT coin remains uncertain, but there are potential paths for development. If the community continues to grow and innovate, there is a chance that the coin could regain some of its lost value. Moreover, as NFTs gain further traction across various industries, The Doge NFT coin could leverage its branding to attract more users.
Looking ahead, the strategic partnerships, potential platform enhancements, and community-driven initiatives will play pivotal roles in determining the coin's trajectory. Investors should remain cautious but optimistic, keeping an eye on market trends and community activities to gauge the viability of The Doge NFT coin in the ever-evolving cryptocurrency landscape.
In conclusion, The Doge NFT coin presents both opportunities and challenges. Its unique position within the NFT space and strong community ties offer a compelling case for its potential despite the inherent risks associated with meme-driven cryptocurrencies.
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General Information |
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Title
The Doge NFT
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Symbol
dog
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Whitepaper
-
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Website
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Community
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Last Updated
2024-11-19 23:59
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Price Data |
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Current Price $
0.00722452
$
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High 24h
0.00791319
$
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Low 24h
0.00618421
$
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Price Change 24h
0.0010403
$
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Price Change % 24h
16.82191
%
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Market Data |
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Market Cap
107702529
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Total Volume
4231176
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Market Cap Change 24h
15586218
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Market Cap Change % 24h
16.92015
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
14931612637.897
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Total Supply
16969696969
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Max Supply
16969696969
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Historical Data |
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All Time High (ATH)
0.04176505
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ATH Change %
-82.69429
%
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ATH Date
2021-09-03 21:53
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All Time Low (ATL)
2.0E-7
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ATL Change %
3613768.22812
%
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ATL Date
2023-08-11 12:46
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