Crypto Basics

Is Dogecoin Dead? – A Comprehensive Analysis for DOGE Investors

Learn everything about Dogecoin and explore the factors that may impact its future, in this descriptive guide.
Sumit Meghani
7 Minutes
MIN

Dogecoin, the cryptocurrency that started as a joke, has taken the world by storm in recent years. It has become a popular digital currency, with a market capitalization of over $30 billion.

However, in recent months, there have been concerns about its future. The question on everyone's mind is, "Is Dogecoin dead?" In this article, we will take an in-depth look at the current state of Dogecoin and explore its future prospects.

Dogecoin Overview

Dogecoin is a cryptocurrency that was created in 2013 by software engineers Billy Markus and Jackson Palmer. It was intended to be a fun, lighthearted version of Bitcoin.

The name "Dogecoin" comes from the "Doge" meme, which features a Shiba Inu dog. Initially, Dogecoin was meant to be a joke, but it quickly gained popularity and became a legitimate cryptocurrency.

The Rise of Dogecoin

Dogecoin gained a massive following on social media platforms like Reddit and Twitter, where users shared memes and created a community around the digital currency.

In 2021, Dogecoin gained mainstream attention after Tesla CEO Elon Musk tweeted about it several times. These tweets caused the price of Dogecoin to soar, and it reached an all-time high range of $0.64 in May 2021.

The Fall of Dogecoin

After reaching its all-time high, the price of Dogecoin began to decline. As of May 2023, Dogecoin is trading at around $0.079. The decline in price has led many to question the future of Dogecoin. Is it a dying meme, or does it still have potential? Let's take a closer look.

Factors Contributing to the Decline of Dogecoin?

Several factors have contributed to the decline of Dogecoin. A few of them are:

  • Lack of mainstream adoption as a viable currency for transactions.
  • Increased regulatory scrutiny and tighter regulations on cryptocurrencies.
  • Emergence of new meme coins capturing investor attention.
  • Dogecoin's lack of innovation and slow development cycle.
  • High energy consumption associated with mining.
  • No limit on the supply of coins.

Is Dogecoin Dead?

The question on everyone's mind is, "Is Dogecoin dead?" The answer is complicated. It's impossible to say with certainty whether Dogecoin is truly deceased. Despite being the most recognizable of the meme coins and a way to transfer money to others, only a few merchants accept Dogecoin for transactions. However, the meme coin could still be feasible, even if it doesn't reach the same price point.

One challenge with Dogecoin is how much of it is owned by a few people. Allegedly, a single wallet holds 28% of all dogecoin, and a group of nine wallets accounts for over 40% of the total supply. This raises the risk of market manipulation in the cryptocurrency sector.

It's also important to remember that Dogecoin has a large and dedicated community. This community has helped to keep Dogecoin relevant, and they continue to use and promote the cryptocurrency.

Nevertheless, if enough people decide to buy the dip, or if owning Dogecoin continues to be attractive, it could remain a fixture in the cryptocurrency world. Moreover, ownership can be diluted through mining, which provides a reward. If more people choose to mine Dogecoin, then ownership will be more evenly spread out.

Controversies Around Dogecoin

Let's take a closer look at some of the controversies that have surrounded Dogecoin.

Association with Pump-and-Dump Schemes - Dogecoin has been associated with several pump-and-dump schemes, where groups of investors artificially inflate the price of a cryptocurrency before selling off their holdings and causing the price to crash. Dogecoin has been targeted by several such schemes, leading to significant losses for many investors.

Toxic Behavior within the Community - The community surrounding Dogecoin has also been criticized for promoting toxic behavior and trolling. While the community is known for its light-hearted and humorous approach, some members have engaged in harassing and intimidating behavior towards other users and even mainstream figures.

Association with Elon Musk - Another controversy surrounding Dogecoin is its association with Elon Musk. While the Tesla CEO has publicly expressed support for Dogecoin, his tweets and comments about the cryptocurrency have led to significant fluctuations in its value, causing some to question whether his influence is healthy for the crypto market.

Lack of Real-World Utility - Another controversy surrounding Dogecoin is its lack of real-world utility. While Dogecoin was created as a joke, it has gained a significant following and market cap, which has led some to question its overall value. Critics argue that Dogecoin is simply a speculative asset with little practical use beyond trading and investing.

Criticisms from the Founder - Lastly, Dogecoin's founder, Jackson Palmer, has been critical of the cryptocurrency in recent years, calling it a "vehicle for hype and speculation" and questioning its overall value. He shared his opinion about crypto on Twitter-

Future of Dogecoin

While Dogecoin's future may be uncertain, it is safe to say that it has gained a significant following and has proven its potential as an investment opportunity. Its success can be attributed to both its meme culture and accessibility to small-scale investors.

But there are few factors that may influence its future include increased regulation, adoption as a means of payment, and community-driven support. Investors must approach it with caution, but for those who believe in its potential, Dogecoin may offer a promising opportunity.

Also Read - Can Dogecoin Reach $1?

FAQs

Will Dogecoin go up and reach $1

While some enthusiasts remain hopeful that Dogecoin will experience a surge in value and possibly even reach the $1 mark, there are others who are more skeptical.

Neil Patel, a prominent investor and bestselling author, has expressed doubts that such a milestone is achievable due to the hype surrounding Dogecoin, which is largely driven by social media. While examining Dogecoin's price history, it seems unlikely that it will reach $1 anytime soon. Nevertheless, it cannot be entirely dismissed as a possibility, especially if there is renewed interest and demand in the cryptocurrency.

Why has the price of Dogecoin declined?

There are several factors contributing to the decline in price, including increasing competition from other cryptocurrencies, crypto regulation uncertainty and the lack of development on the Dogecoin network.

What can be done to improve the future prospects of Dogecoin?

Dogecoin developers will need to work on improving the network's technology and expanding its use cases. Additionally, Dogecoin will need to differentiate itself from other cryptocurrencies and offer something unique and valuable to investors.

What is the future of cryptocurrencies?

The future of cryptocurrencies is still uncertain. While they have gained mainstream acceptance, there are still concerns about their stability and regulation. However, many believe that cryptocurrencies will continue to play an important role in the future of finance.

The Bottom Line

In conclusion, the question of whether Dogecoin is dead is a complicated one. While its decline in price and lack of development are concerning, Dogecoin still has a dedicated community and the potential to make improvements and regain popularity. The future of Dogecoin will depend on the efforts of its developers and its ability to differentiate itself from other coins.

If you are considering investing in Dogecoin or any other cryptocurrency, it's important to do your research and consider the potential risks and rewards. Cryptocurrencies can be volatile, and it's important to be aware of the potential for price fluctuations.

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such.

Token Metrics does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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Token Metrics Team

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Python Quick-Start with Token Metrics: The Ultimate Crypto Price API

Token Metrics Team
10 min
MIN

If you’re a Python developer looking to build smarter crypto apps, bots, or dashboards, you need two things: reliable data and AI-powered insights. The Token Metrics API gives you both. In this tutorial, we’ll show you how to quickly get started using Token Metrics as your Python crypto price API, including how to authenticate, install the SDK, and run your first request in minutes.

Whether you’re pulling live market data, integrating Trader Grades into your trading strategy, or backtesting with OHLCV data, this guide has you covered.

🚀 Quick Setup for Developers in a Hurry

Install the official Token Metrics Python SDK:

pip install tokenmetrics

Or if you prefer working with requests directly, no problem. We’ll show both methods below.

🔑 Step 1: Generate Your API Key

Before anything else, you’ll need a Token Metrics account.

  1. Go to app.tokenmetrics.com/en/api
  2. Log in and navigate to the API Keys Dashboard
  3. Click Generate API Key
  4. Name your key (e.g., “Development”, “Production”)
  5. Copy it immediately — keep it secret.

You can monitor usage, rate limits, and quotas right from the dashboard. Track each key’s status, last used date, and revoke access at any time.

📈 Step 2: Retrieve Crypto Prices in Python

Here’s a simple example to fetch the latest price data for Ethereum (ETH):

import requests

API_KEY = "YOUR_API_KEY"

headers = {"x-api-key": API_KEY}

url = "https://api.tokenmetrics.com/v2/daily-ohlcv?symbol=ETH&startDate=<YYYY-MM-DD>&endDate=<YYYY-MM-DD>"

response = requests.get(url, headers=headers)

data = response.json()

for candle in data['data']:

    print(f"Date: {candle['DATE']} | Close: ${candle['CLOSE']}")

You now have a working python crypto price API pipeline. Customize startDate or endDate to get specific range of historical data.

📊 Add AI-Powered Trader Grades

Token Metrics’ secret sauce is its AI-driven token ratings. Here’s how to access Trader Grades for ETH:

grade_url = "https://api.tokenmetrics.com/v2/trader-grades?symbol=ETH&limit=30d"

grades = requests.get(grade_url, headers=headers).json()['data']

for day in grades:

    print(f"{day['DATE']} — Trader Grade: {day['TA_GRADE']}")

Use this data to automate trading logic (e.g., enter trades when Grade > 85) or overlay on charts.

🔁 Combine Data for Backtesting

Want to test a strategy? Merge OHLCV and Trader Grades for any token:

import pandas as pd

ohlcv_df = pd.DataFrame(data['data'])

grades_df = pd.DataFrame(grades)

combined_df = pd.merge(ohlcv_df, grades_df, on="DATE")

print(combined_df.head())

Now you can run simulations, build analytics dashboards, or train your own models.

⚙️ Endpoint Coverage for Python Devs

  • /daily-ohlcv: Historical price data
  • /trader-grades: AI signal grades (0–100)
  • /trading-signals: Bullish/Bearish signals for short and long positions.
  • /sentiment: AI-modeled sentiment scores
  • /tmai: Ask questions in plain English

All endpoints return structured JSON and can be queried via requests, axios, or any modern client.

🧠 Developer Tips

  • Each request = 1 credit (tracked in real time)
  • Rate limits depend on your plan (Free = 1 req/min)
  • Use the API Usage Dashboard to monitor and optimize
  • Free plan = 5,000 calls/month — perfect for testing and building MVPs

💸 Bonus: Save 35% with $TMAI

You can reduce your API bill by up to 35% by staking and paying with Token Metrics’ native token, $TMAI. Available via the settings → payments page.

🌐 Final Thoughts

If you're searching for the best python crypto price API with more than just price data, Token Metrics is the ultimate choice. It combines market data with proprietary AI intelligence, trader/investor grades, sentiment scores, and backtest-ready endpoints—all in one platform.

✅ Real-time & historical data
✅ RESTful endpoints
✅ Python-ready SDKs and docs
✅ Free plan to start building today

Start building today → tokenmetrics.com/api

Looking for SDK docs? Explore the full Python Quick Start Guide

Research

Crypto API to Google Sheets in 5 Minutes: How to Use Token Metrics API with Apps Script

Token Metrics Team
6 min
MIN

If you're a trader, data analyst, or crypto enthusiast, chances are you've wanted to pull live crypto data directly into Google Sheets. Whether you're tracking prices, building custom dashboards, or backtesting strategies, having real-time data at your fingertips can give you an edge.

In this guide, we'll show you how to integrate the Token Metrics API — a powerful crypto API with free access to AI-powered signals — directly into Google Sheets in under 5 minutes using Google Apps Script.

📌 Why Use Google Sheets for Crypto Data?

Google Sheets is a flexible, cloud-based spreadsheet that:

  • Requires no coding to visualize data
  • Can be shared and updated in real time
  • Offers formulas, charts, and conditional formatting
  • Supports live API connections with Apps Script

When combined with the Token Metrics API, it becomes a powerful dashboard that updates live with Trader Grades, Bull/Bear Signals, historical OHLCV data, and more.

🚀 What Is Token Metrics API?

The Token Metrics API provides real-time and historical crypto data powered by AI. It includes:

  • Trader Grade: A score from 0 to 100 showing bullish/bearish potential
  • Bull/Bear Signal: A binary signal showing market direction
  • OHLCV: Open-High-Low-Close-Volume price history
  • Token Metadata: Symbol, name, category, market cap, and more

The best part? The free Basic Plan includes:

  • 5,000 API calls/month
  • Access to core endpoints
  • Hourly data refresh
  • No credit card required

👉 Sign up for free here

🛠️ What You’ll Need

  • A free Token Metrics API key
  • A Google account
  • Basic familiarity with Google Sheets

⚙️ How to Connect Token Metrics API to Google Sheets

Here’s how to get live AI-powered crypto data into Sheets using Google Apps Script.

🔑 Step 1: Generate Your API Key

  1. Visit: https://app.tokenmetrics.com/en/api
  2. Click “Generate API Key”
  3. Copy it — you’ll use this in the script

📄 Step 2: Create a New Google Sheet

  1. Go to Google Sheets
  2. Create a new spreadsheet
  3. Click Extensions > Apps Script

💻 Step 3: Paste This Apps Script

const TOKEN_METRICS_API_KEY = 'YOUR_API_KEY_HERE';

async function getTraderGrade(symbol) {

  const url = `https://api.tokenmetrics.com/v2/trader-grades?symbol=${symbol.toUpperCase()}`;

  const options = {

    method: 'GET',

    contentType: 'application/json',

    headers: {

      'accept': 'application/json',

      'x-api-key': TOKEN_METRICS_API_KEY,

    },

    muteHttpExceptions: true

  };

  

  const response = UrlFetchApp.fetch(url, options);

  const data = JSON.parse(response.getContentText() || "{}")

  

  if (data.success && data.data.length) {

    const coin = data.data[0];

    return [

      coin.TOKEN_NAME,

      coin.TOKEN_SYMBOL,

      coin.TA_GRADE,

      coin.DATE

    ];

  } else {

    return ['No data', '-', '-', '-'];

  }

}

async function getSheetData() {

  const sheet = SpreadsheetApp.getActiveSpreadsheet().getActiveSheet();

  const symbols = sheet.getRange('A2:A').getValues().flat().filter(Boolean);

  const results = [];

  results.push(['Name', 'Symbol', 'Trader Grade', 'Date']);

  for (const symbol of symbols) {

    if (symbol) {

      const row = await getTraderGrade(symbol);

      results.push(row);

    }

  }

  sheet.getRange(2, 2, results.length, results[0].length).setValues(results);

}

🧪 Step 4: Run the Script

  1. Replace 'YOUR_API_KEY_HERE' with your real API key.
  2. Save the project as TokenMetricsCryptoAPI.
  3. In your sheet, enter a list of symbols (e.g., BTC, ETH, SOL) in Column A.
  4. Go to the script editor and run getSheetData() from the dropdown menu.

Note: The first time, Google will ask for permission to access the script.

✅ Step 5: View Your Live Data

After the script runs, you’ll see:

  • Coin name and symbol
  • Trader Grade (0–100)
  • Timestamp

You can now:

  • Sort by Trader Grade
  • Add charts and pivot tables
  • Schedule automatic updates with triggers (e.g., every hour)

🧠 Why Token Metrics API Is Ideal for Google Sheets Users

Unlike basic price APIs, Token Metrics offers AI-driven metrics that help you:

  • Anticipate price action before it happens
  • Build signal-based dashboards or alerts
  • Validate strategies against historical signals
  • Keep your data fresh with hourly updates

And all of this starts for free.

🏗️ Next Steps: Expand Your Sheet

Here’s what else you can build:

  • A portfolio tracker that pulls your top coins’ grades
  • A sentiment dashboard using historical OHLCV
  • A custom screener that filters coins by Trader Grade > 80
  • A Telegram alert system triggered by Sheets + Apps Script + Webhooks

You can also upgrade to the Advanced Plan to unlock 21 endpoints including:

  • Investor Grades
  • Smart Indices
  • Sentiment Metrics
  • Quantitative AI reports
  • 60x API speed

🔐 Security Tip

Never share your API key in a public Google Sheet. Use script-level access and keep the sheet private unless required.

🧩 How-To Schema Markup (for SEO)

{

  "@context": "https://schema.org",

  "@type": "HowTo",

  "name": "Crypto API to Google Sheets in 5 Minutes",

  "description": "Learn how to connect the Token Metrics crypto API to Google Sheets using Google Apps Script and get real-time AI-powered signals and prices.",

  "totalTime": "PT5M",

  "supply": [

    {

      "@type": "HowToSupply",

      "name": "Google Sheets"

    },

    {

      "@type": "HowToSupply",

      "name": "Token Metrics API Key"

    }

  ],

  "tool": [

    {

      "@type": "HowToTool",

      "name": "Google Apps Script"

    }

  ],

  "step": [

    {

      "@type": "HowToStep",

      "name": "Get Your API Key",

      "text": "Sign up at Token Metrics and generate your API key from the API dashboard."

    },

    {

      "@type": "HowToStep",

      "name": "Create a New Google Sheet",

      "text": "Open a new sheet and list crypto symbols in column A."

    },

    {

      "@type": "HowToStep",

      "name": "Add Apps Script",

      "text": "Go to Extensions > Apps Script and paste the provided code, replacing your API key."

    },

    {

      "@type": "HowToStep",

      "name": "Run the Script",

      "text": "Execute the getSheetData function to pull data into the sheet."

    }

  ]

}

✍️ Final Thoughts

If you're serious about crypto trading or app development, integrating live market signals into your workflow can be a game-changer. With the Token Metrics API, you can get institutional-grade AI signals — right inside Google Sheets.

This setup is simple, fast, and completely free to start. Try it today and unlock a smarter way to trade and build in crypto.

👉 Get Your API Key & Start for Free

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🚀Put Your $TMAI to Work: Daily Rewards, No Locks, Up To 200% APR.

Token Metrics Team
5 min
MIN

Liquidity farming just got a major upgrade. Token Metrics AI ($TMAI) has launched its first liquidity incentive campaign on Merk — and it’s designed for yield hunters looking to earn fast, with no lockups, no gimmicks, and real rewards from Day 1.

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Uniswap v3 USDC–TMAI        200%                                14.92M TMAI (~$9,800)                    $19,900

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