Dogecoin price in UK: historical data and facts

“​​The most entertaining outcome and the most ironic outcome would be that dogecoin becomes the currency of Earth in the future.” Elon Musk

December 2013 saw the launch of the world's most popular memecoin. It took 8 years for Dogecoin to reach ATH and show that it's here to stay.

On November 2024 Dogecoin exchange rate rose by more than 160% in one week ($0.42 in momentum, a new high from mid-May 2021.) According to CoinmarketCap the capitalization at this moment reached $61 bln. This growth can be explained by the growth of bitcoin at the same time.

On 11 November 2024, digital gold on Coinbase exceeded $91,000 ($91,203.83). The new bullish trend was linked to Donald Trump's re-election as president and his support for BTC.

Now, many experts believe that Dogecoin has developed a bull flag, and the breakout of the flag could send $DOGE to $0.22.

Some traders even expect the token to hit $1 in the current cycle.

On the 14th of April, DOGE whales invested $128 million in the memecoin. Such investments don't happen without a reason, which means we're probably on the verge of some big price moves.

Furthermore, there are many positive trends accompanying Dogecoin in 2025. Nasdaq has filed a second application for 21Shares' Dogecoin ETF.

Given the odds of approval in 2025, Dogecoin ETFs are likely to become a reality this year. Bloomberg analysts Eric Balchunas and James Seyffart say there's a 75% chance.

Dogecoin history

On 20 April, the crypto community will celebrate Dogeday, the unofficial day of the Dogecoin token. This is one of the most popular memecoins in the world.

Dogecoin is an open-source peer-to-peer cryptocurrency. This altcoin was launched in December 2013 and forked from Litecoin. The huge support from Elon Musk became the springboard for DOGE's popularity around the world. Celebrities such as Snoop Dogg and Mark Cuban are also owners of Dogecoin (DOGE).

On 20 December 2020, Musk first tweeted about Dogecoin with the words "One Word: Doge."

After that, the price and volume of Dogecoin began to rise rapidly. On the 20th of December, the price was 0.02 GBP, and the volume was 93 mln. On the 23rd, the price rose to 0.03 GBP, and the volume almost doubled to 176 mln GBP.

Dogecoin uses the Scrypt (pronounced ess-crypt) algorithm and has an unlimited supply. This means you can buy and hold as much Dogecoin as you want.

Dogecoin market cap, ATH and price prediction

At the moment, Dogecoin is in the top 10 of cryptocurrencies by market capitalization. The current market cap of Dogecoin is £19.38 bln.

In November 2024, Dogecoin's market capitalization surpassed that of Porsche to reach £44.5 billion.

"Dogecoin's resilience comes from a combination of community enthusiasm, a low entry barrier and speculative appeal," said international blockchain expert Andy Lean.

You can check Dogecoin (DOGE) trading volume and current price at CoinMarketCap, CoinGecko and Buycoin.online (in the exchange section).

Four ETF providers have filed with the US Securities and Exchange Commission (SEC) to launch Dogecoin funds: Bitwise, Grayscale, 21Shares and Osprey Funds. And it's likely that all of them will be approved by the SEC.

So it is becoming clear that the coin's popularity is on the rise this year.

How much is $500 worth of Dogecoin right now?

Right now (April 2025) $500 is worth about 2865 Dogecoin. Some experts state that if Dogecoin can secure a monthly close above $0.20, it could pave the way for a rally towards its all-time high of $0.74.

If the SEC approval is real, then Dogecoin is poised for a big pump in the near future.

What was Dogecoin's all-time high?

Dogecoin's all-time high is £0.52. The ATH was reached on 8 May 2021.

What will 1 Dogecoin be worth in 2030?

It is difficult to predict the price fluctuation of any coin in the crypto segment due to the high volatility of the market. However, we can observe some trends that may be crucial for understanding the Dogecoin (DOGE) price movement in the near future.

15% of the total supply of Dogecoin (DOGE) was last moved 6-12 months ago. This was reported by Glassnode.

So everything bought before November/December is still held by users. Experts are pretty sure that the current growth of the asset's price is due to the support of investors from the spot market.

Despite the fact that Dogecoin (DOGE) is a memecoin, it has utility. Many companies accept DOGE, including Elon Musk's SpaceX and the Dallas Mavericks.

In addition, the Dogecoin Foundation's corporate entity, House of Doge, said it had launched a Dogecoin-based reserve with an initial purchase of 10 million DOGE, equivalent to about $1.85 million at the time of writing. This move must demonstrate the efficiency and convenience of the asset as a means of payment.

All these facts contribute to the future potential and price growth of Dogecoin.