DOGE Price from Initial Release, All-Time High (ATH), and Year-over-Year Progression

Jakarta, Pintu News – Dogecoin is one of the most popular cryptocurrencies that was originally launched as a joke based on Shiba Inu memes. However, since its release in December 2013, DOGE has managed to capture the attention of the market and crypto community, even becoming one of the digital assets with a large market capitalization.

This article summarizes Dogecoin’s price journey from its initial launch, its highest price, to its year-on-year movements.

Dogecoin Initial Release Price

Dogecoin was first released in December 2013 at a price of around $0.0002993 or the equivalent of IDR4.86 (exchange rate IDR16,239/USD). At the time, DOGE was only known in a small community focused on online tipping and crypto-based charitable donations. Trading volume was minimal, and its market capitalization barely counted against larger assets like Bitcoin or Ethereum .

Although it was originally created for entertainment purposes only, the DOGE community has grown rapidly due to its friendly and accessible nature. This gives Dogecoin a unique appeal compared to other cryptocurrencies.

Dogecoin’s All-Time High Price

DOGE recorded an all-time high on May 8, 2021, at around $0.7376, equivalent to IDR 11 , 964.85. This surge was largely fueled by public support from high-profile figures such as Elon Musk, who frequently mentions Dogecoin on social media.

This rise also came amidst the crypto market boom in 2021, where many altcoins set new records. However, after that peak, the price of DOGE experienced a sharp correction following the overall market trend.

Dogecoin Price Movement from Year to Year

• 2013 – 2016: The price of DOGE remained relatively stable below $0.001 (IDR 16.23). This period is known as the early accumulation phase, where DOGE was used mainly for tips on online forums.
• 2017: The first big spike occurred, DOGE briefly broke $0.01 (IDR162.39) as the crypto market entered a bull run phase.
• 2018 – 2020: The price moves sideways with a range of $0.002 – $0.004 (Rp32.48 – Rp64.95).
• 2021: The phenomenal year of DOGE, breaking $0.73 (IDR 11,964.85) and entering the top 10 cryptocurrencies by market capitalization.
• 2022 – 2023: The price dropped significantly following the bear market, briefly in the range of $0.05 – $0.09 (IDR 811.95 – IDR 1,461.51).
• 2024: DOGE was volatile, rising to $0.40 (IDR6,495.60) before correcting.
• 2025 (Current): DOGE ‘ s price stands at $0.2413 or around Rp3,918.47 with a market capitalization of $36.31 billion and a 24-hour trading volume of around $2.39 billion.

Factors Affecting Dogecoin Price

Some of the factors that affect the price of DOGE include:

1. Public Support: Figures like Elon Musk have a huge influence on market sentiment.
2. Crypto Market Trends: Bitcoin (BTC) movements are often referenced by altcoins including DOGE.
3. Real World Usage: The adoption of DOGE for payments by a number of merchants increases its utility value.
4. Liquidity and Community: DOGE’s large and active community helps maintain its popularity.

Dogecoin Historical Events & Their Impact on Price

1. 300% Surge Post Release (December 2013)

Dogecoin was officially launched on December 6, 2013 and immediately recorded a price increase of nearly 300% in just three days. However, a sharp correction followed due to mining exploits, sending the price down by around 80%.

2. Pump & Dump Reddit (January 2021)

GameStop’s “short squeeze” phenomenon sparked the Reddit community to elevate Dogecoin, driving its price up over 800% in a short period of time. This action attracted global media attention and expanded DOGE’s user base.

3. Elon Musk’s “Doge” tweet (February 2021)

On February 4, 2020, Elon Musk wrote the single word “Doge” on Twitter. Within four days, the price of DOGE surged by more than 120%, demonstrating the power of public figures’ influence on the crypto market.

4. “Doge Barking at the Moon” (April 2021)

An Elon Musk tweet with the image “Dog Barking at the Moon” saw the price of DOGE rise by more than 100% in just a few hours. It became one of the most viral moments in DOGE history.

5. Record Market Capitalization $88 Billion (2021)

At the peak of the 2021 bull run, DOGE’s market capitalization reached around $88 billion, making it one of the largest crypto assets at the time before eventually dropping to the $53 billion range by early 2025.

Conclusion

From a starting price of just €4.86 to a peak of nearly €12,000, Dogecoin’s journey proved that even an asset born as a joke can become a global phenomenon. Despite its high volatility, DOGE remains one of the crypto assets that attracts investors’ attention thanks to its strong community and unique appeal.

Also Read: 7 Crypto Predictions for 2030

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinMarketCap. Dogecoin (DOGE) Price History. Accessed August 11, 2025.
• CoinCodex. Dogecoin Price History and Market Data. Accessed August 11, 2025.
• Wikipedia. Dogecoin. Accessed August 11, 2025.
• Wikipedia. GameStop Short Squeeze. Accessed August 11, 2025.
• CoinMarketCap Academy. Elon Musk’s History in Crypto: The Good, the Bad and the Doge. Accessed August 11, 2025.
• ScienceDirect. The influence of social media on cryptocurrency prices: Evidence from Elon Musk’s tweets. Accessed August 11, 2025.
• Investopedia. Is Dogecoin a Scam, Security, or a Commodity? Accessed August 11, 2025.