Removed $BTC as the weekend will give us a better altcoin performance. I replaced it with $DOGE - Ready for a big leg up considering Elon Musk satellite push and technical wave
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See the live Dogecoin price UK. Buy Dogecoin in the UK or add it to your Crypto Strategy.
DOGE GBP price chart / performance
Data Disclosure
From
Dec 1, 2023
To
Dec 8, 2023
Strategies with DOGE
Returns
Return (24h)
+2.62%
Return (7D)
+18.31%
Return (1M)
+32.40%
Return (1Y)
-0.99%
My Investment
Profit Taken
£0.00
0%
Profit/Loss
£0.00
0%
You Have:
Dogecoin (DOGE) History and Overview
Dogecoin (DOGE) became the most famous meme coin originating from an internet meme. It has since become one of the top ten cryptos by market cap. Dogecoin is a cryptocurrency that serves as a means of payment and a store of value.
Dogecoin is a fork of Bitcoin and uses a consensus algorithm called Auxiliary Proof of Work. DOGE is also very fast for a Proof of Work blockchain.
Dogecoin's value soared with the support of billionaires Mark Cuban and Elon Musk. As a result, many online sellers now accept DOGE as payment. Many crypto exchanges list DOGE, and it is highly speculative.
What gives Dogecoin its value?
Just like any other asset, it boils down to supply and demand. There's a massive supply, so demand had to skyrocket for the coin to gain value. And skyrocket it did, especially in early 2021. The price skyrocketed by 7,000% for several reasons.
One of the reasons was the influence of Reddit users. Another reason was the cryptocurrency boom. Additionally, Elon Musk's tweets, including his appearance on Saturday Night Live, also played a significant role in the price increase.
The social media frenzy around Dogecoin's rise fueled even more interest, creating a cycle of rising prices and attracting new investors. But be warned, it's still a very volatile investment.
Dogecoin was created as a joke by two friends from Reddit. These friends are Billy Marcus and Jackson Palmer. Interestingly, they had never met in person. They mashed up two internet favorites at the time: Bitcoin and a Shiba Inu meme that humorously misspelled "dog."
The Dogecoin website had more than one million visitors in its first month, which was unexpected. What's funny is that Dogecoin is a legit cryptocurrency with its own blockchain and mining system, much like Litecoin. The low cost and ample availability of it have attracted speculators who believe its worth will continue to rise.
In October of 2023, about 133 billion DOGE coins are in circulating supply.
How To Buy Dogecoin or Add it to your Strategy
The fastest, most convenient way to purchase Dogecoin is to purchase it on ICONOMI. We check Dogecoin live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Dogecoin by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Dogecoin is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Dogecoin, we recommend you read the next section, as copying might be a better approach.
Add Dogecoin to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Dogecoin in their structure.
Posts
Here you can read and comment on all posts made by Strategists about Dogecoin DOGE. See all Dogecoin price predictions in real time and make the best use of their crypto knowledge.
VEGA MATH INDEX
1 Dec, 2023
⚫️ Vega Math Index
⚫️ As of Dec 1, 2023
⚫️ Vega Math Index
The VMI is a Smart Beta Index designed to beat the performance of the Hugh Math Index with an additional risk premium of 24.81%.
The index components are selected within a cut-off point approximately 20% ±5% of the Hugh Math Index within the mathematical equation:
(Vega Math Index + Beta Math Index) >=90% of Hugh Math Index Standard
Vega Math Index = Hugh Math Index EX-Beta Math Index
⚫️ Quick Facts
▪️ Number of Constituents (38)
▪️ 11.3% of Total Market Cap (170.7bn)
▪️ 13.93% of Hugh Math Index Standard
▪️ Launch Date: Nov 26, 2022
▪️ Type: Passive - Smart beta index
▪️ Focus: Secret sauce "Statistical base"
▪️ M&J Global Style Box: Large - Blend
▪️ Weighting Method: The square root of market capitalization
▪️ Constituents selection: Quarterly in March, June, September, and December
▪️ Rebalancing: Monthly
▪️ Periodic review: Weekly
▪️ Benchmark: Hugh Math Index
⚫️ Key Highlights
▪️ Diversified and provides comprehensive coverage of the entire cryptocurrency market EX - MEGA.
▪️ The Vega Math Index is designed to be for passive copiers to participate in the cryptocurrency market on an objective basis, where you can use Buy and hold or use Dollar Cost Averaging (DCA) to reduce market risk or Buy the dips - sell the rips!
⚫️ Overall Crypto Strategy Composition(%)
▪️ Coins (67.57%)
▪️ Tokens (32.43%)
⚫️ Top 10 Holdings(48.45% of Total Assets)
$BNB (8.71%)
$SOL (7.29%)
$ADA (5.45%)
$DOGE (4.89%)
$LINK (4.18%)
$AVAX (4.07%)
$MATIC (3.92%)
$DOT (3.9%)
$SHIB (3.26%)
$UNI (2.78%)
⚫️ Sector Weightings(%)
▪️ Blockchain Infrastructure(72.11%)
▪️ DeFi(13.7%)
▪️ Meme(8.15%)
▪️ Blockchain Service(3.3%)
▪️ GameFi(2.75%)
🔵 To copy this crypto strategy
https://www.iconomi.com/asset/VMINDEX
⚫️ Disclaimer
▪️ The results do not constitute investment advice or recommendation, are provided for informational purposes only, and are not an offer to buy or sell any crypto assets.
▪️ Past performance is not a guarantee of future results.
▪️ Investing involves risks, including the possibility of losing capital.
Vega Math Index
Math-Based Investing
2 people like this
HUGH MATH INDEX
1 Dec, 2023
⚫️ Hugh Math Index
⚫️ As of Dec 1, 2023
⚫️ Hugh Math Index
The HMI is a broad-based Index for the cryptocurrency market designed to measure the overall growth of the cryptocurrency market by tracking the performance of a large of crypto assets picked to represent the broader cryptocurrency market.
⚫️ Quick Facts
▪️ Number of Constituents (40)
▪️ 76.82% of Total Market Cap (1160.3bn)
▪️ 94.68% of Hugh Math Index Standard
▪️ Launch Date: Jul 28, 2021
▪️ Type: Passive - Broad-based index "Benchmark"
▪️ Focus: The broader cryptocurrency market
▪️ M&J Global Style Box: Large - Blend
▪️ Weighting Method: The square root of market capitalization
▪️ Constituents selection: Quarterly in March, June, September, and December
▪️ Rebalancing: Monthly
▪️ Periodic review: Weekly
▪️ Benchmark: Total Market Cap
⚫️ Key Highlights
▪️ Diversified and provides comprehensive coverage of the entire cryptocurrency market.
▪️ The Hugh Math Index is designed to be for passive copiers to participate in the cryptocurrency market on an objective basis, where you can use Buy and hold or use Dollar Cost Averaging (DCA) to reduce market risk or Buy the dips - sell the rips!
⚫️ Overall Crypto Strategy Composition(%)
▪️ Coins (80.08%)
▪️ Tokens (19.92%)
⚫️ Top 10 Holdings(64.62% of Total Assets)
$BTC (24.38%)
$ETH (14.2%)
$BNB (5.35%)
$SOL (4.48%)
$ADA (3.35%)
$DOGE (3.00%)
$LINK (2.57%)
$AVAX (2.5%)
$MATIC (2.41%)
$DOT (2.39%)
⚫️ Sector Weightings(%)
▪️ Blockchain Infrastructure(58.49%)
▪️ Currency(24.38%)
▪️ DeFi(8.41%)
▪️ Meme(5.01%)
▪️ GameFi(1.69%)
▪️ Blockchain Service(2.03%)
🔵 To copy this crypto strategy
https://www.iconomi.com/asset/HUGHMATH
⚫️ Disclaimer
▪️ The results do not constitute investment advice or recommendation, are provided for informational purposes only, and are not an offer to buy or sell any crypto assets.
▪️ Past performance is not a guarantee of future results.
▪️ Investing involves risks, including the possibility of losing capital.
Hugh Math Index
Math-Based Investing
2 people like this
@ICONOMI
29 Nov, 2023
$DOGE surpassed five million wallet addresses with a balance. This growth aligns with an unprecedented surge in user activity, evidenced by over 168,000 active addresses in the last day - the highest since March 2022.
While the total number of addresses with a balance paints a positive picture, it's crucial to address concerns regarding ownership concentration. A staggering 71% of Dogecoin holders are hodlers, indicating a community leaning towards long-term investment. However, it's noteworthy that less than 5,000 addresses control over 80% of DOGE's supply, a factor that raises questions about potential market manipulation.
4 people like this
@ICONOMI
29 Nov, 2023
Dogecoin's transaction activity has recently seen a significant spike, surpassing even Bitcoin (BTC) and Ethereum (ETH).
In terms of market value, $DOGE has experienced a 14% increase in its market capitalization, reaching almost $11 billion. However, amidst these positive developments, cautionary notes have been sounded.
4 people like this
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