What Is the Dogecoin Price in the UK?

As of April 25th 2023, Dogecoin was worth £0.063. As with most cryptocurrencies, the price can be quite volatile.

The all-time high price was reached on May 8th, 2021, of £0.55 per coin, with the all-time low being back in May 2015, when it dropped to £0.000,070.

Best Places to Buy Dogecoin 2024:

• eToro
• Coinbase
• Robinhood
• Binance

Don’t invest in unless you’re prepared to lose all the money you invest.

The Best Price to Buy Dogecoin

Dogecoin has become one of the most popular up-and-coming cryptocurrencies in recent times.

While its price can still be quite volatile, many see it as a potentially great investment.

To know what your next steps should be, it is a great idea to know all about the Dogecoin price in the UK.

Here, we will bring you a detailed analysis of the price of Dogecoin on the UK market, including past, present, and future prices.

You’ll also receive a few tips on how to find the best price to buy Dogecoin.

Let’s get started!

What Is Dogecoin?

Dogecoin (also known as DOGE) is a digital currency launched in 2013 as a low-value alternative to bitcoin and similar popular altcoins.

Its creators, software engineers Billy Markus and Jackson Palmer, intended Dogecoin to be a meme coin. They were trying to create a payment system with the intention of poking fun at the speculations and the volatility of the crypto market in the early 2010s.

Dogecoin adopted the dog breed Shiba Inu as an official mascot after a meme featuring the same dog went viral.

However, since it has been popularized by Tesla CEO Elon Musk, Dogecoin has become a valuable and desirable asset.

As a cryptocurrency, Dogecoin moves on a digital platform using cryptography, which secures their transactions.

Instead of a central issuing facility, cryptocurrencies use a decentralized system to issue new assets and record transactions.

Dogecoin uses a peer-to-peer system based on the Scrpyt algorithm, which enables a seamless transaction and confirmation of the transaction.

At the time of Dogecoin’s launch, this was very different from the traditional blockchain technology that Bitcoin and other popular altcoins use.

There is no verification during payments, which allows anyone to buy and pay with a digital currency as long the platform they use supports this. However, this also means they aren’t regulated by financial authorities.

What Is the Current UK Dogecoin Price?

On April 25th, 2023, Dogecoin was worth £0.063. The value of DOGE has moved -6.96% in the last 24 hours, reaching a trading volume of £662,910,873.89.

With a market capitalization value of £879,851,776,9.68, Dogecoin is currently ranked number eight among all digital currencies.

Within the past seven days (between April 18th and April 25th), the Dogecoin price UK has moved between £0.072,969 and £0.063,014 on the open market, reaching the highest price of £0.075,646 and trading volume of £1,028,090,252 on April 20th.

In the past month (March 25th to April 25th), the open market value of DOGE went from £0.063027 to £0.063014, reaching the highest price of £0.077,359 on April 5th, and the lowest of £0.059,283 on March 29th.

During this period, the trading volume of Dogecoin fluctuated between £224,252,085 and £2,815,722,459.

During the year 2023 so far, the open market value of Dogecoin fluctuated between £0.055,328 and £0.079,429.

The lowest Dogecoin price in the UK was recorded on March 13th, 2023, while the highest was on February 5th, 2023.

Between January 1st, 2023, and April 25th, 2023, the trading volume of DOGE fluctuated between £153,161,691 and £2,815,722,459.

As you can see, the price of Dogecoin changes rapidly. Always check the current price of a cryptocurrency before trading.

Dogecoin’s Prices in the Past

Taking a broader look at the price of Dogecoin, we can see that the price of this coin was relatively stagnant for the first seven years after its creation.

At the time of its launch in December 2013, Dogecoin was worth £0.00,045 per coin and stayed around this number until December 2020.

There were some minor fluctuations in the coin’s price first in 2014 when Dogecoin trade volume suddenly eclipsed all digital currencies combined at the beginning of this year.

This was attributed to the attempt to popularize Dogecoin through charitable actions.

Soon after, in 2015, both founders left Dogecoin, leaving it in the hands of four part-time developers. During this time, Dogecoin’s price reached its all-time low (ATL) of £0.000,070 in May 2015.

In 2018, the price of DOGE saw a promising increase. However, due to the cryptocurrency crash that followed the same year, Dogecoin and all other digital currencies fell victim to the market collapse.

The subsequent resurgence was seen in late 2020, and the coin’s popularity exploded in January 2021 after being endorsed by Elon Musk after he became a fan of Dogecoin (and invested in it),

Musk started tweeting about the currency, causing it to rise to £0.026, which was about 339% of its starting value.

Musk announced that Tesla would accept Dogecoin as payment for certain services, further adding to the popularity of the coin.

He also mentioned it frequently while hosting Saturday Night Live, causing it to become mainstream and peak the interest of other celebrities.

On May 8th, 2021, the Dogecoin price UK soared to its all-time high (ATH) of £0.55 per coin. However, the commercial use of Dogecoin for business transactions outside Tesla remains unpopular.

Although Musk’s appearance on Saturday Night Live hasn’t managed to push the price of Dogecoin to new heights, it caused quite the hype.

That said, after Musk’s appearance on the show, the value of Dogecoin plummeted by more than 75% in less than two months.

At the beginning of April 2023, Musk caused further volatility in the Dogecoin market by changing the Twitter logo to the image of the Dogecoin meme.

Soon after the logo was the all too familiar blue bird was replaced by the image of Shiba Inu, Dogecoin prices spiked more than 30%.

Musk also shared a meme about the change with his Twitter followers.

Although the meme dog appeared only for some Twitter users, it was enough to temporarily drive the price of Dogecoin to £0.077,359 on April 5th.

What to Expect From the Future Dogecoin Price?

Given the 15% rise in the first quartal of this year, crypto market analysts predict a steady increase in Dogecoin prices in the next couple of years.

Although Dogecoin currently has a bearish sentiment (with the 7th-day prediction showing a slight decline), this is prone to change.

Experts project Dogecoin to reach a price of £0.15 per coin in 2025, while by 2030, they expect a bullish price of £0.52 per coin.

The first positive movement is predicted for May 5th, 2023, with the price moving to £0.079 (+23.98%).

The average price of Dogecoin in 2023 is expected to be around £0.081 and £0.12 in 2024.

It’s easy to ask what is a good price to buy Dogecoin, but we can never know for sure.

What Is a Good Price to Buy Dogecoin?

Determining the best price to buy Dogecoin can be challenging.

Here is a short overview of how to know when to buy Dogecoin, with tips to consider when trying to figure out whether it is worth buying this coin.

Learn About Dogecoin and Crypto Coins

Your first step in determining the best price for buying Dogecoin is to research and understand how this and other cryptocurrencies work.

Each digital currency is different and has a diverse market volatility.

However, learning their basic workings will enable you to comprehend how to track prices and see whether they’re worth buying.

Understand Price Volatility

Each crypto asset is subject to a certain level of price volatility which (in the case of digital currencies like Dogecoin) is high.

This means that the price fluctuations measured by the day-to-day percentage difference in its price are not negligible.

High price volatility makes it harder to determine when to buy or sell Dogecoin.

Consider Coin Platforms and Their Possible Fees

Each platform offering crypto coin investment and trading has its own fee structure. For example, some won’t require a minimum deposit but have high trading and withdrawal fees.

Other exchanges also have inactivity fees and are only recommended for regular traders.

Make sure you look into the prices of the different platforms to find the one that best suits your needs.

Here are some of the best to consider:

Founded in 2007, eToro is a popular online trading platform offering access to various financial assets, including cryptocurrencies like Dogecoin.

In the UK, users can buy Dogecoin on eToro's platform by simply signing up, depositing funds, and navigating to the cryptocurrency section to execute their trades.

eToro provides a user-friendly interface and allows UK residents to invest in Dogecoin easily alongside other assets.

To find out more, read our eToro review.

76% of retail investor accounts lose money when trading CFDs with eToro. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take two mins to learn more.

Coinbase is a reputable cryptocurrency exchange that caters to beginners and experienced traders alike. It supports Dogecoin and offers a simple and intuitive platform for buying, selling, and storing cryptocurrencies.

Coinbase: Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take two mins to learn more.

Robinhood is a commission-free trading platform that has gained popularity for its user-friendly mobile app. It offers Dogecoin along with other cryptocurrencies, making it accessible to beginners.

Binance is one of the largest and most popular cryptocurrency exchanges worldwide.

It offers a wide range of cryptocurrencies, including Dogecoin, and provides a user-friendly trading interface.

Know the Investment Risk

Every investment carries its own risks, but with cryptocurrencies, this is even more critical to consider.

Dogecoin and other digital coins aren’t regulated by most financial authorities, which means you’re investing at your own risk.

Familiarize yourself with the risks before buying and trading a cryptocurrency to avoid losing large amounts of money and increase your chances of gaining returns.

Choose How Much You Want to Invest

Your capital also plays a crucial part when determining what price you want to buy Dogecoin.

Beginners are advised to go in small and slowly increase their invested capital as they learn the ins and outs of crypto trading.

The risks of a volatile coin like this are rather sizable. Even if you’re familiar with the basics and have a large capital to invest, it’s not recommended to buy huge amounts of Dogecoin at once.

Frequently Asked Questions

Final Thoughts

Despite being intended as a low-value alternative to popular digital coins, Dogecoin has quickly become very popular and incredibly valuable.

Market movement predicts further increases in the prices of this coin, with the tendency to become even more valuable than some altcoins.

However, its prices are volatile, and it can be hard to determine when to buy it.

Researching cryptocurrencies and Dogecoin and understanding price volatility is crucial for making a sound decision regarding Dogecoin trading and investment.

You should also consider the options and fees of the platform you are planning to use, along with how much you’re willing to invest.

WikiJob does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.