Dogecoin (DOGE) vs Tether (USDT) Comparison

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Cryptocurrencies have been gaining popularity over the years, and today there are thousands of digital currencies to choose from. Two popular cryptocurrencies that are often compared are Dogecoin (DOGE) and Tether (USDT). While both have their own unique features, they also have some similarities. In this review, we will compare DOGE and USDT across five categories: history, purpose, market capitalization, price stability, and adoption.

History

Dogecoin was created in 2013 by Billy Markus and Jackson Palmer as a joke, based on the popular "Doge" meme. It was initially intended to be a lighthearted alternative to Bitcoin, with faster transaction times and a more welcoming community. However, it gained unexpected popularity and has since become a serious digital currency that is widely used for transactions and as a store of value.
Tether, on the other hand, was launched in 2014 as a stablecoin. It was designed to provide a cryptocurrency that was pegged to the US dollar, providing stability and reliability to traders and investors. It has since become one of the most widely used stablecoins in the cryptocurrency market.

Purpose

Dogecoin is primarily used as a digital currency for transactions and as a store of value. It has a relatively fast block time of one minute, which allows for quick and efficient transactions. Dogecoin is also known for its low transaction fees, making it an attractive option for microtransactions.
Tether, on the other hand, was designed as a stablecoin that is pegged to the US dollar. Its primary purpose is to provide stability to traders and investors, allowing them to hedge against the volatility of other cryptocurrencies. Tether is also widely used for trading on cryptocurrency exchanges, as it provides a convenient way to move funds between different cryptocurrencies.

Market Capitalization

As of May 2023, Dogecoin has a market capitalization of approximately $25 billion, making it one of the top 10 cryptocurrencies by market capitalization. It has experienced significant growth over the years, especially in 2021, when it gained widespread attention due to support from celebrities like Elon Musk.
Tether, on the other hand, has a much larger market capitalization of approximately $50 billion, making it the third-largest cryptocurrency by market capitalization. This is due to its widespread use as a stablecoin, providing a reliable and stable asset for traders and investors.

Price Stability

One of the key features of Tether is its price stability. As a stablecoin pegged to the US dollar, the value of Tether is designed to remain relatively stable, with minimal fluctuations. This provides a reliable and stable asset for traders and investors, who can use Tether to hedge against the volatility of other cryptocurrencies.
Dogecoin, on the other hand, is known for its volatility. Its price can fluctuate significantly in a short period, making it a high-risk investment. While this can provide opportunities for high returns, it also carries a significant amount of risk.

Adoption

Dogecoin has gained significant adoption over the years, with many merchants accepting it as a form of payment. It has also gained widespread attention on social media, particularly on Twitter and Reddit, where it has a large and active community.
Tether, on the other hand, is primarily used for trading on cryptocurrency exchanges. While it does have some adoption as a form of payment, it is not as widely accepted as Dogecoin.

Company

User rating

4.7 / 5 7 user reviews 1.0 / 5 1 user review

Cryptogeek rating

3.8 / 5 3.8 / 5

Trust Score

How it works
4.13 / 5 3.01 / 5

About

Dogecoin (DOGE) was founded in the US in 2013 as a joke but quickly gained a large following. It became a popular cryptocurrency (DOGE) used for tipping the content creators (mainly on Reddit and Telegram). As the creators had no serious plans for their currency they didn't elaborate a roadmap and were not working on the improvement of their project too much. The founder of Dogecoin Jackson Palmer left the project in 2015.
Tether is a cryptocurrency launched in 2014. It is a so-called stablecoin currently leading by market capitalization. Although according to the initial idea, each Tether was backed by $1 (that was going to keep the price of Tether stable), the company not always managed to maintain this price (at some point in October 2018 the price dropped to $0.9 per one Tether). Tether succeeds in terms of market capitalization and its price is almost all the time is really close to $1.

Type

coin token

Founding Date

2013 No data

Country

International International

Languages

No data No data

Team

Public Public

Protocol

No data No data

Current price (USD)

0.2027 0.9993

All-time high (USD)

0.0188 1.2100

Price change (24h)

11.45 -0.06

Volume (24h)

373538421.48477 1213364308.07398

Hashrate

180000 No data

Max Supply

No data 9479177442.00000

Total supply

No data No data

Circulating Supply

99999999999.99999 99999999999.99999

Transaction speed / Block time

33 30

Transaction fee

No data No data

Mining profitability

No data No data

Algorithm

Scrypt No data

Proof type

PoW No data

Fully premined

No data No data

Smart contract address

No data No data

Total coins mined

125408835593.31000 6037847550.67736

Is trading

yes yes

Block reward

0.000000000000 0.000000000000

Block time

No data No data
Company
User rating User rating 4.7 / 5 7 user reviews User rating 1.0 / 5 1 user review
Cryptogeek rating Cryptogeek rating 3.8 / 5 Cryptogeek rating 3.8 / 5
Trust Score How it works Trust Score 4.13 / 5 Trust Score 3.01 / 5
About
Dogecoin (DOGE) was founded in the US in 2013 as a joke but quickly gained a large following. It became a popular cryptocurrency (DOGE) used for tipping the content creators (mainly on Reddit and Telegram). As the creators had no serious plans for their currency they didn't elaborate a roadmap and were not working on the improvement of their project too much. The founder of Dogecoin Jackson Palmer left the project in 2015.
Tether is a cryptocurrency launched in 2014. It is a so-called stablecoin currently leading by market capitalization. Although according to the initial idea, each Tether was backed by $1 (that was going to keep the price of Tether stable), the company not always managed to maintain this price (at some point in October 2018 the price dropped to $0.9 per one Tether). Tether succeeds in terms of market capitalization and its price is almost all the time is really close to $1.
Type Type coin Type token
Founding Date Founding Date 2013 Founding Date No data
Country Country International Country International
Languages Languages No data Languages No data
Team Team Public Team Public
Protocol Protocol No data Protocol No data
Current price (USD) Current price (USD) 0.2027 Current price (USD) 0.9993
All-time high (USD) All-time high (USD) 0.0188 All-time high (USD) 1.2100
Price change (24h) Price change (24h) 11.45 Price change (24h) -0.06
Volume (24h) Volume (24h) 373538421.48477 Volume (24h) 1213364308.07398
Hashrate Hashrate 180000 Hashrate No data
Max Supply Max Supply No data Max Supply 9479177442.00000
Total supply Total supply No data Total supply No data
Circulating Supply Circulating Supply 99999999999.99999 Circulating Supply 99999999999.99999
Transaction speed / Block time Transaction speed / Block time 33 Transaction speed / Block time 30
Transaction fee Transaction fee No data Transaction fee No data
Mining profitability Mining profitability low Mining profitability No data
Algorithm Algorithm Scrypt Algorithm No data
Proof type Proof type PoW Proof type No data
Fully premined Fully premined No data Fully premined No data
Smart contract address Smart contract address No data Smart contract address No data
Total coins mined Total coins mined 125408835593.31000 Total coins mined 6037847550.67736
Is trading Is trading yes Is trading yes
Block reward Block reward 0.000000000000 Block reward 0.000000000000
Block time Block time No data Block time No data

Social

Website

dogecoin.com tether.to

Twitter

@dogecoin @Tether_to
Website Website dogecoin.com Website tether.to
Twitter Twitter @dogecoin Twitter @Tether_to

Advantages

Strong and friendly community Popularity Integration to numerous platforms -

Disadvantages

The tech side is quite weak -

Rating

User rating User rating 4.7 / 5 7 user reviews User rating 1.0 / 5 1 user review
Cryptogeek rating Cryptogeek rating 3.8 / 5 Cryptogeek rating 3.8 / 5
Advantages Advantages Strong and friendly community Popularity Integration to numerous platforms Advantages -
Disadvantages Disadvantages The tech side is quite weak Disadvantages -

Dogecoin (DOGE) user rating is 4.7, based on 7 user reviews. Tether (USDT) user rating is 1.0, based on 1 user reviews.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
Trust Score: 4.13 / 5 Write review
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Dogecoin (DOGE) features

At the moment Dogecoin (DOGE) price is 0.2027. Its 24h volume is 373,538,421.48477. 24h price change is 11.45.

The circulating supply is 100,000,000,000.0.

Dogecoin (DOGE) hash rate is 180000. Dogecoin (DOGE) transaction speed/block time is 33. Block reward is 0.0.

At the moment the number of coins mined is 125,408,835,593.31. Mining profitability is low.

Dogecoin (DOGE) Cryptogeek user rating is 4.7, based on 7 user reviews.

Tether (USDT) features

Tether (USDT) price is 1.9993. Its 24h volume is 1,213,364,308.74. 24h price change is 0.6.

Tether (USDT) max supply is 9,479,177,442.0. The circulating supply is 100,000,000,000.0.

Tether (USDT) transaction speed/block time is 30. Block reward is 0.0.

At the moment the number of coins mined is 6,037,847,551.6774.

Tether (USDT) Cryptogeek user rating is 1.0, based on 1 user reviews.

Some basic rules

When trading cryptocurrency, you should take into account the following rules:

Keep track of emotions

Put emotions aside and do not try to run after prices - the time will come and your token will go up. In a bull market, each asset has its finest hour.

Beware of hype

Transparency in the cryptocurrency market is a scarce commodity. Be on the lookout for everything you hear critically, and think about the possible reasons for the newsmaker before spreading the news.

Study the topic yourself, taking into account other people's opinions. Take the news critically. People name different reasons for the recent decline in the cryptocurrency market - these are :baseCompany futures, the Chinese New Year, the loss of interest in :baseCompany, and the downside game by large players ... However, it is possible that the whole thing is false news.

Don't be taken in by false news

An important lesson: do not believe the news, study the topic yourself.

Apply investments diversification strategy and risk management

Diversification is one of the oldest and most important concepts for an investor. Here's how to do it.

  1. Low risk, high market capitalization: 40% of your portfolio. These are the safest and most stable investments, 10 leading tokens. Popular options: :baseCompany, :compareCompany, Neo, and so on. These tokens most likely have a great future, and in the event of market volatility, they will be least affected.
  2. An average risk, average market capitalization: 30% of the portfolio. These are promising and developing projects with great growth potential from the top 50. Popular options: VeChain (VEN), ICON (ICX), Omisego (OMG), and so on.
  3. High risk, low market capitalization: 30% of the portfolio. Here we are talking about active trading and highly profitable instruments, and constant attention is required. This category may include, for example, Red Pulse (RPX) and Internet Node Token (INT).

Lesson: never put all your eggs in one basket.

Do not store tokens on exchanges

Lesson: while tokens are stored on the exchange, do not consider them as yours.

Cryptocurrencies have been gaining popularity over the years, and today there are thousands of digital currencies to choose from. Two popular cryptocurrencies that are often compared are Dogecoin (DOGE) and Tether (USDT). While both have their own unique features, they also have some similarities. In this review, we will compare DOGE and USDT across five categories: history, purpose, market capitalization, price stability, and adoption.

History

Dogecoin was created in 2013 by Billy Markus and Jackson Palmer as a joke, based on the popular "Doge" meme. It was initially intended to be a lighthearted alternative to Bitcoin, with faster transaction times and a more welcoming community. However, it gained unexpected popularity and has since become a serious digital currency that is widely used for transactions and as a store of value.
Tether, on the other hand, was launched in 2014 as a stablecoin. It was designed to provide a cryptocurrency that was pegged to the US dollar, providing stability and reliability to traders and investors. It has since become one of the most widely used stablecoins in the cryptocurrency market.

Purpose

Dogecoin is primarily used as a digital currency for transactions and as a store of value. It has a relatively fast block time of one minute, which allows for quick and efficient transactions. Dogecoin is also known for its low transaction fees, making it an attractive option for microtransactions.
Tether, on the other hand, was designed as a stablecoin that is pegged to the US dollar. Its primary purpose is to provide stability to traders and investors, allowing them to hedge against the volatility of other cryptocurrencies. Tether is also widely used for trading on cryptocurrency exchanges, as it provides a convenient way to move funds between different cryptocurrencies.

Market Capitalization

As of May 2023, Dogecoin has a market capitalization of approximately $25 billion, making it one of the top 10 cryptocurrencies by market capitalization. It has experienced significant growth over the years, especially in 2021, when it gained widespread attention due to support from celebrities like Elon Musk.
Tether, on the other hand, has a much larger market capitalization of approximately $50 billion, making it the third-largest cryptocurrency by market capitalization. This is due to its widespread use as a stablecoin, providing a reliable and stable asset for traders and investors.

Price Stability

One of the key features of Tether is its price stability. As a stablecoin pegged to the US dollar, the value of Tether is designed to remain relatively stable, with minimal fluctuations. This provides a reliable and stable asset for traders and investors, who can use Tether to hedge against the volatility of other cryptocurrencies.
Dogecoin, on the other hand, is known for its volatility. Its price can fluctuate significantly in a short period, making it a high-risk investment. While this can provide opportunities for high returns, it also carries a significant amount of risk.

Adoption

Dogecoin has gained significant adoption over the years, with many merchants accepting it as a form of payment. It has also gained widespread attention on social media, particularly on Twitter and Reddit, where it has a large and active community.
Tether, on the other hand, is primarily used for trading on cryptocurrency exchanges. While it does have some adoption as a form of payment, it is not as widely accepted as Dogecoin.