Cryptocurrency

Bitcoin vs Dogecoin: Top Cryptocurrencies Comparative Analysis 

DOGE vs BTC

Snapshot: 

  • What is Bitcoin?
  • What is Dogecoin?
  • Key Features of Dogecoin and Bitcoin
  • Bitcoin vs Dogecoin Comparison Table
  • BTC vs DOGE Price Comparison Table 2021
  • BTC vs DOGE: Should you invest in these popular cryptocurrencies?
  • How to invest in both Dogecoin(DOGE) and Bitcoin(BTC)

Bitcoin vs Dogecoin: What’s the Difference

What is Bitcoin?

Bitcoin (BTC) is the first of many digital crypto assets that we see today. It is a decentralised digital asset that was originally described in a white paper in 2008 by a person or a group of people commonly known as Satoshi Nakamoto. Nakamoto’s stated goal was to create “a new electronic cash system” that was “completely decentralised with no server or central authority.” Satoshi had a plan for peer-to-peer electronic cash that would not have properties of the fiat currency. The entire system of bitcoin functions due to the efforts put in by a group of people known as miners. It was in 2009 that the Bitcoin cryptocurrency was finally launched. 

The closing bitcoin price today is $42,352.12 (January 18, 2022) and it is the world’s largest cryptocurrency by market capitalization today. 

Additional Read: How to get started with investing in Bitcoin? 

What is Dogecoin?

Dogecoin (DOGE) is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. This popular dog-faced digital currency was created by Billy Markus and Jackson Palmer while being based out of Portland and Oregon, respectively. The crypto asset was forked from Litecoin in December 2013. 

Dogecoin’s creators had foreseen the asset as a fun, light-hearted crypto token that would have greater appeal beyond the core Bitcoin audience for the simple fact that it was based on a dog meme! The worldwide boom of the DOGE token took place when Tesla CEO Elon Musk posted several tweets on social media stating that Dogecoin is his favorite coin. 

Key Feature Differences between Bitcoin and Dogecoin 

The unique features of Bitcoin (BTC) are:

  • It is the first-ever crypto token to appear in the market, in 2009.
  • It has created a conceptual as well as technological shift leading to the next evolution of the Finance systems of the world as we know it.
  • Bitcoin pioneered the idea of money being sent and received across the globe without going through intermediaries such as banks and other financial institutions.

The unique features of Dogecoin (DOGE) are:

  • Dogecoin is the first of its kind. It opened up doors for a segment in the crypto space called Meme coins.
  • It has a loyal community who trade and use it as a tipping currency for social media content.
  • The token is based on Litecoin and uses the same PoW technology.

Additional Read: Best 5 Cryptocurrencies to watch out for in 2022

Bitcoin (BTC) vs Dogecoin (DOGE): Top Cryptocurrencies Table Comparison 

Comparison Basis Bitcoin (BTC) Dogecoin (DOGE)
Launch Date 2009 2013
Founders Satoshi Nakamoto  Billy Markus and Jackson Palmer
Blockchain Protocol Bitcoin Blockchain  Ethereum blockchain (REN project)
Token Type Native  Altcoin 
Use Case The first cryptocurrency, mainly used as a digital asset today.  Primarily a meme coin which can be used for the acquisition of goods and services.
Market Cap $793,636,561,027 $22,394,211,294.88
Circulation Supply 18,932,962 BTC 132,670,764,300 DOGE
Consensus Method Proof-of-work (PoW) Proof-of-work (PoW)

MarketCap* and Circulation Supply** as of January 2022

Source: CoinMarketCap

Additional Read: Dogecoin/Bitcoin (DOGE/BTC) Price Prediction 

BTC vs DOGE: Top Cryptocurrencies Price Comparison Table 2021 

Prices/Month BTC Average BTC (ATH) BTC (ATL) DOGE Average DOGE (ATH) DOGE (ATL)
January $35,297.35 $41,422.09 $29,172.60 $ 0.037 $ 0.071 $ 0.004
February $45,338.16 $58,124.36 $32,551.96 $ 0.053 $ 0.077 $ 0.030
March $53,044.17 $61,558.20 $44,530.14 $ 0.055 $ 0.062 $ 0.048
April $56,081.02 $64,662.73 $47,499.31 $ 0.23 $ 0.42 $ 0.05
May $46,126.17 $59,421.71 $32,830.63 $ 0.51 $ 0.74 $ 0.28
June $34,978.38 $40,618.93 $29,337.82 $ 0.29 $ 0.43 $ 0.16
July $35,693.08 $41,845.19 $29,540.96 $ 0.21 $ 0.26 $ 0.16
August $44,120.12 $50,236.23 $38,004 $ 0.27 $ 0.35 $ 0.19
September $46,971.96 $52,507.99 $41,435.93 $ 0.26 $ 0.32 $ 0.20
October $55,156.59 $66,675.80 $43,637.37 $ 0.26 $ 0.33 $ 0.20
November $61,231.19 $68,365.62 $54,096.75 $ 0.24 $ 0.29 $ 0.19
December $52,250.55 $58,576.84 $45,924.25 $ 0.18 $ 0.22 $ 0.15

Additional Read: BTC/USDT Technical Analysis & DOGE/USDT Technical Analysis 

BTC vs DOGE: Should you invest in these popular cryptocurrencies? 

The crypto ecosystem has seen a wholesome lot in 2021. With the numerous ATH and various dips, the crypto market has been a playground for investors and traders. Being the pioneer of the crypto space, OG Bitcoin is always a safe bet, as per various investors. Having numerous use cases, Bitcoin has always been the most popular crypto asset, along with the other native tokens like Ethereum, Litecoin, etc.

Dogecoin on the other hand was introduced to the crypto world as a sarcastic meme coin with no aim for contributing to real-world problems. The mention of the asset in various tweets by the infamous Elon Musk ultimately dragged it to be among the top crypto assets to look out for. Ever since its rise in popularity, Dogecoin has paved the way for various other meme coins. 

Both Bitcoin and Dogecoin have had their moment in paving the way for the crypto world in general and meme coins respectively. There is no denying the impact of both these assets on the crypto ecosystem. If you want to explore the mentioned assets, we have got you covered!

How to invest in both Bitcoin(BTC) and Dogecoin(DOGE)

Investing in crypto has never been simpler, safer, and more secure than with the CoinDCX app. It doesn’t matter whether you want to buy bitcoin or wish to trade Dogecoin or want to explore various other crypto assets. 

Here are the 4 simple steps to buy your first BTC or DOGE with CoinDCX. 

  1. Sign up on CoinDCX 
  2. Fill in the required details 
  3. Complete your KYC
  4. Buy Bitcoin or Dogecoin

Stay updated with the latest cryptocurrency news & updates on our Daily Crypto News section.

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Disclaimer: The above views, information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational/ educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, digital assets/ cryptocurrencies or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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