Dogs Of Elon (DOE) is a meme-based cryptocurrency launched in October 2021 on the Ethereum blockchain. While it operates within the expansive world of decentralized digital assets, DOE stands out due to its thematic ties to Elon Musk-inspired internet culture and meme coin trends. This guide explores the current price dynamics, market performance, technical analysis, and investor sentiment surrounding Dogs Of Elon — offering a comprehensive overview for both new and experienced crypto enthusiasts.
Current Price and Market Performance
As of the latest update, Dogs Of Elon (DOE) is trading at $0.0000960 USD, reflecting a +15.66% increase over the past 24 hours. Despite this recent surge, the coin remains highly volatile, with a 7-day gain of +57.38% and a monthly rise of +46.88%.
24-Hour and 52-Week Range
- 24h Low: $0.0000830
- 24h High: $0.0000960
- 52-Week Low: $0.0000400
- 52-Week High: $0.0145
The all-time high was recorded on December 30, 2021, when DOE reached $0.0646**, meaning today’s price is down by over **99%** from its peak. However, from its recent low of $0.0000400, the price has rebounded by approximately 140%**, indicating potential short-term momentum.
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Market Capitalization and Supply Overview
Dogs Of Elon currently holds a market cap of $14.5 thousand, ranking it around #6381 among all cryptocurrencies. This low market capitalization reflects limited adoption and trading activity.
- Circulating Supply: ~151 million DOE
- Total Supply: Estimated at ~1 billion DOE
- Fully Diluted Valuation (FDV): ~$96 thousand (based on total supply × current price)
Due to its small size and niche appeal, DOE falls under the meme token category, where sentiment and social media buzz often drive price movements more than fundamentals.
Trading Activity and Exchange Availability
DOE is listed primarily on Poloniex, one of the older cryptocurrency exchanges, with trading available against USDT. However, liquidity remains extremely thin:
- 24-Hour Trading Volume: $0 (no trades in the last day)
- 30-Day Average Daily Volume: ~$5.31
Low volume suggests that entering or exiting positions may be difficult without impacting the market price significantly. Investors should exercise caution due to potential slippage and illiquidity.
Wealth Distribution and Holder Insights
A critical factor in evaluating any cryptocurrency is how tokens are distributed across wallets. For Dogs Of Elon:
| Rank | Holdings | Percentage |
|---|---|---|
| Top 1–10 | 491M DOE | 49.13% |
| 11–100 | 381M DOE | 38.16% |
| 101–1000 | 117M DOE | 11.77% |
| Others | 9.4M DOE | 0.94% |
Over 87% of the total supply is held by the top 100 wallets, indicating a high concentration risk. Some of these may represent exchange wallets, but such centralization could lead to sudden price swings if large holders decide to sell.
There are currently 6,045 unique holders, with 47,552 recorded token transfers since launch — suggesting minimal ongoing transactional activity.
Historical Performance and ROI Analysis
Since its launch on October 15, 2021, Dogs Of Elon has experienced extreme volatility:
- First Recorded Price: $0.0598
- Current Price vs Initial: Down 99.84%
- An initial investment of $100 would now be worth just **$0.16**
Despite this long-term decline, short-term returns show bursts of activity:
- 3-Month ROI: +79.51%
- 6-Month ROI: -89.38%
- Max Drawdown: -99.95%
Volatility over the past three months stands at 167.12%, confirming that DOE is an ultra-high-risk asset unsuitable for conservative investors.
Technical Analysis: Short-Term Outlook
Based on daily price data, several technical indicators provide insight into current market sentiment:
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 61.18 | Neutral |
| Commodity Channel Index | 72.68 | Neutral |
| Williams %R (14) | -80.30 | Oversold |
| Ultimate Oscillator | 26.95 | Buy |
| EMA (10), (20), (30), (50) | All below current price | Buy signals |
| EMA (100), (200) | Above price | Sell signals |
While short-term moving averages suggest bullish momentum, longer-term EMAs indicate strong resistance above. The mixed signals reflect uncertainty — a common trait among low-cap meme coins driven by speculation.
Frequently Asked Questions (FAQ)
What is Dogs Of Elon (DOE)?
Dogs Of Elon is an Ethereum-based meme token inspired by internet culture and Elon Musk-related themes. It functions as a decentralized digital asset with no official affiliation to Elon Musk or Tesla.
Where can I buy Dogs Of Elon (DOE)?
DOE is traded on Poloniex against USDT. Due to extremely low volume and liquidity, purchasing or selling large amounts may significantly affect the market price.
What is the all-time high price of DOE?
The highest price DOE ever reached was $0.0646 on December 30, 2021.
How many Dogs Of Elon coins are there?
The circulating supply is approximately 151 million, with a total supply estimated at 1 billion tokens.
Is Dogs Of Elon a good investment?
Given its high volatility, minimal trading volume, and lack of utility or development updates, DOE carries substantial risk. It should only be considered by speculative traders with high-risk tolerance.
Why did DOE’s price increase recently?
Recent price spikes have been linked to rumors of an upcoming metaverse game and promotional events like Tesla giveaways — though none have been officially confirmed.
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Final Thoughts: Proceed with Caution
Dogs Of Elon exemplifies the speculative nature of meme coins — driven more by hype than technology or use case. While short-term traders might find opportunities in sudden price pumps, long-term value remains highly uncertain.
Investors should:
- Monitor wallet concentration and unusual transfer activity
- Stay updated on social media sentiment
- Use strict risk management when trading low-volume tokens
With no major developments reported recently and trading volume nearly flat, sustained growth appears unlikely without significant catalysts.
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