
Dogecoin
DOGE#11Dogecoin is a proof-of-work cryptocurrency used mainly for tipping and small payments.
- Market cap
- $14.48B
- Volume 24h
- $1.42B
- All-time high
- —
- Circulating supply
- 171.88B
Passes our 8 Shariah criteria. Needs caution: benefit and harm (maslahah).
- 7 pass
- 1 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
AI Insight
Fundamentals: Moderate
Dogecoin is a simple, long-running proof-of-work coin with spot ETFs and a corporate treasury holder, but it has uncapped issuance, slow core releases and heavy reliance on exchange custody and sentiment.
Reviewed every 3 months and on major eventsNews: Negative
The one notable item was a setback for regulated access: Bitwise decided to close its US Dogecoin ETF less than a year after launch.
Reviewed monthly and when something material happensPrice & market
DOGE trades at about 0.0939, inside the current zone of 0.0923–0.0954 and above its 50-day and 200-day averages. Upside to 0.101 is about 7.6% and downside to 0.086 is about 8.4%, so the ratio is 0.9 and the balance is low. A 13.3% rise over 30 days, spot ETFs and a simple, long-running network support the view. Uncapped issuance, sentiment-driven swings and the planned closure of the Bitwise ETF weigh on the next 2–12 weeks.
- Review level
- $0.086
AI-assisted analysis. Not investment advice.
Technical analysis
4HThe trend and key levels appear once 200 candles close. About 6 days to go.
Where it trades
Section in preparation
Similar halal assets
Halal verdict, same category