Dogecoin vs. Stellar | Choose the Best Investment
This article compares two popular crypto coins, Dogecoin and Stellar Lumens. As of August 2022, both of them have their place in the top 30 cryptocurrencies by market cap. These coins are popular but for different reasons. Stellar Lumens (XLM) is part of a network of the same name. This network aims to bridge multiple crypto assets with fiat currencies and connect all possible payment operators. Dogecoin is a different thing. In general, it is just a little tweaked Bitcoin clone. Most experts agree that technology-wise, this coin doesn't offer anything new or solid. It is popular just because of the strong community around this crypto and is supported by the likes of Elon Musk, Vitalik Buterin, and other influencers. Read this article to learn about the strong and weak sides of these coins and see which one of them meets your requirements.
- What Is Dogecoin?
- What Is Stellar Lumens?
- Dogecoin vs. Stellar Lumens (table)
- Dogecoin vs. Stellar Lumens (details)
What Is Dogecoin?
Dogecoin is the only cryptocurrency with a multi-million market cap with no official dev team or budget. For years, the coin has been promoted solely by Dogecoin enthusiasts. Numerous flash mobs, charity initiatives, memes, and celeb support have been successfully driving the price and popularity of Dogecoin.
This cryptocurrency was started as a joke and a parody, but somehow Dogecoin quickly gained notoriety. Dogecoin forked from Litecoin in December 2013. Dogecoin utilizes PoW so that it can be mined, and it has no supply limit. Dogecoin has no features on top of serving as a means of exchange.
As of August 2022, DOGE's market cap is the 11th most significant market cap in the crypto industry. It amounts to $9 billion. The popularity of Dogecoin triggered a series of DOGE clones. Some of them perform pretty well; for instance, as of August 2022, the Shiba Inu coin has the 13th largest market cap.
What Is Stellar Lumens?
Stellar Lumens (XLM) is a native coin of the Stellar network. Stellar works as a platform aimed at connecting different cryptocurrencies, fiat currencies, finance institutions, CBDCs, and payment processors for swift exchange.
XLM is used as an intermediary currency for transactions on Stellar. The exchange is decentralized. Stellar has a fixed inflation rate which is 1%. Due to cheapness and ease of use, XLM helps to make cross-border transactions and exchange currencies to unbanked populations or people living in areas where banks are not that convenient and cheap. Another goal is to provide connectivity between financial institutions.
The project was launched in 2015 by former Ripple employee Jed McCaleb. The dev team has created a unique consensus protocol for the project. It is called the Stellar Consensus Protocol.
Dogecoin vs. Stellar Lumens (table)
| Factor | Dogecoin | Stellar |
| The price as of August 2022 | $0.067 | $0.118 |
| Market cap as of August 2022 | $9 billion | $3 billion |
| Rank as of August 2022 | #11 | #29 |
| All-time high | $0.73 (May 8, 2021) | $0.875 (January 3, 2018) |
| Decline (compared to all-time high) | 90.2% | 85.6% |
| All-time low | $0.0000869 (May 6, 2015) | $0.000476 (March 5, 2015) |
| Growth (compared to an all-time low) | 82,757.3% | 26,325.4% |
| Popular markets | Binance, Upbit, BKEX, MEXC Global, Coinbase, Gate.io | P2PB2B, Dcoin, Binance, Upbit, Coinbase, AAX |
| Platform | Litecoin | Stellar |
| Consensus mechanism | PoW | Stellar Consensus Protocol |
| Products | - | MoneyGram Access, Kelp, Freighter |
| Use cases | means of exchange, charity, tips | means of exchange, DEX |
Dogecoin vs. Stellar Lumens (details)
The price and the market cap
As of August 2022, Dogecoin has a much larger market cap than Stellar. The latter has a market cap of $3 billion, while Dogecoin's capitalization exceeds $9 billion. As for the price, XLM costs twice as much as DOGE. The coins' prices are 12 cents (Stellar Lumens) and 6 cents (Dogecoin). The difference is maybe not that crucial, considering that both currencies are among the industry leaders. Stellar price is more volatile. Dogecoin depends on external promotion more heavily.
Popular markets
The exchanges where people trade XLM and DOGE the most are nearly the same for these coins. We can add that Dogecoin seems to be better presented on the exchanges thanks to its viral popularity in the crypto community. Many people seek ways to buy or sell DOGE. Some people even try to mine it.
Platform
Initially, Stellar was created on top of Ripple. However, now it has a unique code. Dogecoin is a low-effort digital asset that cannot impress us with its technology side. It is just a Litecoin fork.
Consensus mechanism
Stellar has a unique approach toward consensus. We appreciate the custom protocol created by Stellar's dev team.
Products
Dogecoin has nothing to offer on top of being a means of exchange. Stellar is more multi-purpose.
Use cases
Dogecoin is used for tipping content creators on Twitter and Reddit. The coin was used for several charity actions. Primarily, the coin is used for trading. Also, it is accepted as a payment method on some web shops. Stellar is used as money, too, but its use cases spread much broader than that. Stellar can be used to give opportunities to people who cannot use regular bank services and widen the functionality sets of FinTech platforms by adding crypto assets. It makes Stellar an important multi-purpose network helping big players on par with ordinary end-users.
| Company |
|---|
User rating
| 7 user review | 3 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
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.
|
Stellar is an open-source cryptocurrency network launched by non-profit Stellar Development Foundation. The currency itself is called Lumen (XLM). Some experts note that this asset has similarities with Ripple because of its quick and cheap transactions.
The Stellar network is guarded by the special contract that doesn't temporarily allow holders of big amounts of Lumen to sell it. Stellar works as an exchange platform where Lumen is used to pay a small exchange fee. The project has a high level of decentralization and provides equality for all of its participants. It has one of the biggest market capitalizations.
|
Type
| coin | coin |
Founding Date
| 2013 | 2014 |
Country
| International | International |
Languages
| No data | No data |
Team
| Public | Public |
Protocol
| No data | Public blockchain |
Current price (USD)
| 0.3910 | 0.1227 |
All-time high (USD)
| 0.0188 | 0.9381 |
Price change (24h)
| -3.05 | -8.82 |
Volume (24h)
| 1559852670.54870 | 33918551.41829 |
Hashrate
| 180000 | No data |
Max Supply
| No data | 50000000000.00000 |
Total supply
| No data | No data |
Circulating Supply
| 99999999999.99999 | 50001786921.28700 |
Transaction speed / Block time
| 33 | 2000 |
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 | 20223415802.00000 |
Is trading
| yes | yes |
Block reward
| 0.000000000000 | 0.000000000000 |
Block time
| No data | No data |
| Company | ||
|---|---|---|
| User rating | 7 user review | 3 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
| 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.
|
Stellar is an open-source cryptocurrency network launched by non-profit Stellar Development Foundation. The currency itself is called Lumen (XLM). Some experts note that this asset has similarities with Ripple because of its quick and cheap transactions.
The Stellar network is guarded by the special contract that doesn't temporarily allow holders of big amounts of Lumen to sell it. Stellar works as an exchange platform where Lumen is used to pay a small exchange fee. The project has a high level of decentralization and provides equality for all of its participants. It has one of the biggest market capitalizations.
|
|---|---|---|
| Type | Type coin | Type coin |
| Founding Date | Founding Date 2013 | Founding Date 2014 |
| Country | Country International | Country International |
| Languages | Languages No data | Languages No data |
| Team | Team Public | Team Public |
| Protocol | Protocol No data | Protocol Public blockchain |
| Current price (USD) | Current price (USD) 0.3910 | Current price (USD) 0.1227 |
| All-time high (USD) | All-time high (USD) 0.0188 | All-time high (USD) 0.9381 |
| Price change (24h) | Price change (24h) -3.05 | Price change (24h) -8.82 |
| Volume (24h) | Volume (24h) 1559852670.54870 | Volume (24h) 33918551.41829 |
| Hashrate | Hashrate 180000 | Hashrate No data |
| Max Supply | Max Supply No data | Max Supply 50000000000.00000 |
| Total supply | Total supply No data | Total supply No data |
| Circulating Supply | Circulating Supply 99999999999.99999 | Circulating Supply 50001786921.28700 |
| Transaction speed / Block time | Transaction speed / Block time 33 | Transaction speed / Block time 2000 |
| Transaction fee | Transaction fee No data | Transaction fee No data |
| Mining profitability | Mining profitability low | Mining profitability low |
| 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 20223415802.00000 |
| 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 | www.stellar.org |
| @dogecoin | Stellar |
| Website | Website dogecoin.com | Website www.stellar.org |
|---|---|---|
| Twitter @dogecoin | Twitter Stellar |
Advantages
| Strong and friendly community Popularity Integration to numerous platforms | Improved trade volume The consensus protocol is fast Improved daily rates Constant upgrades |
Disadvantages
| The tech side is quite weak | Strong competition from Ripple Too much focus on growing network No mining rewards |
Rating
| User rating | User rating 7 user review | User rating 3 user review |
|---|---|---|
| Cryptogeek rating | Cryptogeek rating | Cryptogeek rating |
| Advantages | Advantages Strong and friendly community Popularity Integration to numerous platforms | Advantages Improved trade volume The consensus protocol is fast Improved daily rates Constant upgrades |
| Disadvantages | Disadvantages The tech side is quite weak | Disadvantages Strong competition from Ripple Too much focus on growing network No mining rewards |
Dogecoin (DOGE) user rating is 4.7, based on 7 user reviews. Stellar (XLM) user rating is 5, based on 3 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? |
We can't say which of these coins is a better investment. By all parameters, Stellar is, of course, a more serious and promising project. Any solid crypto project is better than Dogecoin regarding promo and technology. However, there is one thing. Dogecoin proved to be a strong player in the crypto market. On several occasions, its price was growing amidst the crypto market decline. The price spikes of DOGE can be triggered by unpredictable events. The investment potential of this coin is hard to forecast. If you are more like a gambling kind of investor, then Dogecoin might be a proper coin. Stellar is a stable and prosperous project. It probably won't have significant quick price surges, but most likely, its price will grow in the future.
This article compares two popular crypto coins, Dogecoin and Stellar Lumens. As of August 2022, both of them have their place in the top 30 cryptocurrencies by market cap. These coins are popular but for different reasons. Stellar Lumens (XLM) is part of a network of the same name. This network aims to bridge multiple crypto assets with fiat currencies and connect all possible payment operators. Dogecoin is a different thing. In general, it is just a little tweaked Bitcoin clone. Most experts agree that technology-wise, this coin doesn't offer anything new or solid. It is popular just because of the strong community around this crypto and is supported by the likes of Elon Musk, Vitalik Buterin, and other influencers. Read this article to learn about the strong and weak sides of these coins and see which one of them meets your requirements.
- What Is Dogecoin?
- What Is Stellar Lumens?
- Dogecoin vs. Stellar Lumens (table)
- Dogecoin vs. Stellar Lumens (details)
What Is Dogecoin?
Dogecoin is the only cryptocurrency with a multi-million market cap with no official dev team or budget. For years, the coin has been promoted solely by Dogecoin enthusiasts. Numerous flash mobs, charity initiatives, memes, and celeb support have been successfully driving the price and popularity of Dogecoin.
This cryptocurrency was started as a joke and a parody, but somehow Dogecoin quickly gained notoriety. Dogecoin forked from Litecoin in December 2013. Dogecoin utilizes PoW so that it can be mined, and it has no supply limit. Dogecoin has no features on top of serving as a means of exchange.
As of August 2022, DOGE's market cap is the 11th most significant market cap in the crypto industry. It amounts to $9 billion. The popularity of Dogecoin triggered a series of DOGE clones. Some of them perform pretty well; for instance, as of August 2022, the Shiba Inu coin has the 13th largest market cap.
What Is Stellar Lumens?
Stellar Lumens (XLM) is a native coin of the Stellar network. Stellar works as a platform aimed at connecting different cryptocurrencies, fiat currencies, finance institutions, CBDCs, and payment processors for swift exchange.
XLM is used as an intermediary currency for transactions on Stellar. The exchange is decentralized. Stellar has a fixed inflation rate which is 1%. Due to cheapness and ease of use, XLM helps to make cross-border transactions and exchange currencies to unbanked populations or people living in areas where banks are not that convenient and cheap. Another goal is to provide connectivity between financial institutions.
The project was launched in 2015 by former Ripple employee Jed McCaleb. The dev team has created a unique consensus protocol for the project. It is called the Stellar Consensus Protocol.
Dogecoin vs. Stellar Lumens (table)
| Factor | Dogecoin | Stellar |
| The price as of August 2022 | $0.067 | $0.118 |
| Market cap as of August 2022 | $9 billion | $3 billion |
| Rank as of August 2022 | #11 | #29 |
| All-time high | $0.73 (May 8, 2021) | $0.875 (January 3, 2018) |
| Decline (compared to all-time high) | 90.2% | 85.6% |
| All-time low | $0.0000869 (May 6, 2015) | $0.000476 (March 5, 2015) |
| Growth (compared to an all-time low) | 82,757.3% | 26,325.4% |
| Popular markets | Binance, Upbit, BKEX, MEXC Global, Coinbase, Gate.io | P2PB2B, Dcoin, Binance, Upbit, Coinbase, AAX |
| Platform | Litecoin | Stellar |
| Consensus mechanism | PoW | Stellar Consensus Protocol |
| Products | - | MoneyGram Access, Kelp, Freighter |
| Use cases | means of exchange, charity, tips | means of exchange, DEX |
Dogecoin vs. Stellar Lumens (details)
The price and the market cap
As of August 2022, Dogecoin has a much larger market cap than Stellar. The latter has a market cap of $3 billion, while Dogecoin's capitalization exceeds $9 billion. As for the price, XLM costs twice as much as DOGE. The coins' prices are 12 cents (Stellar Lumens) and 6 cents (Dogecoin). The difference is maybe not that crucial, considering that both currencies are among the industry leaders. Stellar price is more volatile. Dogecoin depends on external promotion more heavily.
Popular markets
The exchanges where people trade XLM and DOGE the most are nearly the same for these coins. We can add that Dogecoin seems to be better presented on the exchanges thanks to its viral popularity in the crypto community. Many people seek ways to buy or sell DOGE. Some people even try to mine it.
Platform
Initially, Stellar was created on top of Ripple. However, now it has a unique code. Dogecoin is a low-effort digital asset that cannot impress us with its technology side. It is just a Litecoin fork.
Consensus mechanism
Stellar has a unique approach toward consensus. We appreciate the custom protocol created by Stellar's dev team.
Products
Dogecoin has nothing to offer on top of being a means of exchange. Stellar is more multi-purpose.
Use cases
Dogecoin is used for tipping content creators on Twitter and Reddit. The coin was used for several charity actions. Primarily, the coin is used for trading. Also, it is accepted as a payment method on some web shops. Stellar is used as money, too, but its use cases spread much broader than that. Stellar can be used to give opportunities to people who cannot use regular bank services and widen the functionality sets of FinTech platforms by adding crypto assets. It makes Stellar an important multi-purpose network helping big players on par with ordinary end-users.
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