Project Safety Score: 65%
Updated 4 minutes agoDogecoin is an open-source digital currency created in 2013 by software engineers Billy Markus and Jackson Palmer. It serves as a peer-to-peer medium for fast payments and digital tipping, and is managed by a decentralized group of volunteers and the non-profit Dogecoin Foundation. The network operates as a fork of LuckyCoin, which is itself a fork of Litecoin, using a proof of work consensus mechanism with the Scrypt algorithm for efficient mining.
Dogecoin has an uncapped supply, allowing new coins to be generated indefinitely, which helps maintain low transaction fees and support network longevity. Its unique technical feature includes merged mining, enabling miners to secure Dogecoin alongside other Scrypt-based networks. In March 2026, a joint SEC and CFTC framework classified Dogecoin as a digital commodity, placing it in the same asset category as gold or oil.
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Track record score 73 out of 100.
Dogecoin has a solid track record with a presence of over 12 years and no regulatory actions against it. However, there have been two historical incidents logged, which slightly temper its overall score. Additionally, there are two concerns raised during research, which may warrant further scrutiny for potential risks.
Economic design score 75 out of 100.
The economic design of Dogecoin scores well, reflecting a fully circulating total supply. However, it lacks a hard supply cap, which introduces potential inflation risks in the long term. This aspect suggests that while current circulating supply is robust, the absence of a cap could impact value sustainability over time.
Developer health score 51 out of 100.
Dogecoin's developer health score is moderate, with a notable number of GitHub stars and forks, indicating developer interest. However, there have been no recent commits in the past four weeks, raising questions about ongoing project activity and development momentum. This could imply reduced developer engagement or focus.
Network security score 72 out of 100.
The network security of Dogecoin demonstrates a mature foundation, supported by its long chain age of 12.4 years. While it maintains a substantial market cap, the score is tempered by two historical incidents that have been recorded, reflecting some vulnerabilities in its history. This factor suggests a need for cautious evaluation of its long-term security.
Social behavior score 44 out of 100.
Dogecoin's social behavior score indicates limited visibility and engagement, especially in social analytics. While the sentiment around the project is predominantly positive, there are allegations and concerns related to potential scams. The audience data for verified social accounts is also restricted, highlighting possible limitations in community interaction and outreach.
Adoption liquidity score 74 out of 100.
Reflecting healthy liquidity, Dogecoin features a robust daily trading volume and an extensive number of exchange listings, with a good portion being regarded as trustworthy. This indicates strong market interest and accessibility for traders, contributing positively to its adoption potential despite the medium market cap tier.
Overall, while Dogecoin presents a number of attractive features, including established presence and liquidity, it also faces significant risks such as its lack of a supply cap and past incidents. Prospective investors should weigh these factors carefully against the inherent volatility often associated with cryptocurrency assets.
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Prior: IBMKnown for creating Dogecoin as a market parody.
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Prior: AdobeCo-created Dogecoin and has a background in technology and marketing.
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0.9
Elon Musk, SpaceX, and Tesla were sued for $258 billion in an alleged Dogecoin 'pyramid scheme'.Forbes · source ↗
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hack 2014-05-11Attack on Dogecoin vault prompted shutdown of Doge Vault site, where many users stored their holdings. Data was destroyed, and it's unclear if Dogecoins were stolen. ↗
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exploit 2014-06-19Hackers illicitly mined approximately 500 million Dogecoins by exploiting security flaws in Synology NAS servers, affecting thousands of users. ↗
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Forbes · 2022-06-16
- ✓Strong community support and active development
- ✓High liquidity and widespread recognition
- ✗Project has a history of hacks or exploits
- ✗Multiple chain incidents on record
- ✗No recent code commits
- ✗No hard cap on total token supply
- ✗Public scam allegations have been raised
- ✗Unlimited supply leading to potential inflation
- ✗High concentration of holdings among a few large holders
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