Current CBDOGE Price and Market Data
As of the latest update, Coinbase Wrapped DOGE (CBDOGE) is trading at $0.167469. Over the past 24 hours, the price has fluctuated between a low of $0.167831 and a high of $0.177208. The trading volume data is currently unavailable for this period.
The total market capitalization of CBDOGE stands at approximately $2.92 million, ranking it at position 2525 among all cryptocurrencies. This market position reflects its current standing in the broader digital asset landscape.
Understanding Coinbase Wrapped DOGE
Coinbase Wrapped DOGE represents a wrapped version of Dogecoin that exists on the Ethereum blockchain. Wrapped tokens allow cryptocurrencies native to one blockchain to be used on another blockchain, enhancing their utility and interoperability within the decentralized finance ecosystem.
These wrapped assets maintain a 1:1 value peg with their underlying assets, meaning each CBDOGE token should theoretically equal one DOGE token in value. This mechanism enables Dogecoin holders to participate in Ethereum-based DeFi applications while maintaining exposure to DOGE's price movements.
Historical Price Performance
CBDOGE reached its all-time high price of $0.24386 on June 5, 2025. This peak represents the highest valuation the asset has achieved since its inception. Conversely, the token hit its historical low of $0.142518 on June 23, 2025, demonstrating the volatility characteristic of cryptocurrency markets.
These price extremes provide valuable context for understanding the asset's potential risk and reward profile. The difference between the all-time high and current price suggests potential resistance levels, while the relationship to the historical low may indicate support zones.
Supply Metrics and Tokenomics
The current circulating supply of CBDOGE is 17.34 million tokens. The maximum supply data remains unspecified at this time. Supply metrics play a crucial role in evaluating any cryptocurrency's scarcity and potential inflationary pressures.
Token supply dynamics can significantly impact price movements, as limited availability combined with increasing demand typically creates upward price pressure. Investors should monitor supply-related developments, including token burns, staking mechanisms, or additional minting events that could affect circulation.
Trading and Investment Considerations
When considering CBDOGE trading or investment, several factors warrant attention. The relatively small market capitalization indicates lower liquidity compared to major cryptocurrencies, which may result in higher volatility and wider bid-ask spreads.
Prospective investors should develop a clear strategy that aligns with their risk tolerance and investment horizon. Technical analysis, fundamental assessment of the wrapping mechanism's security, and monitoring broader cryptocurrency market trends can all contribute to informed decision-making.
Diversification remains a key principle in cryptocurrency investing. Allocating only a portion of one's portfolio to smaller-market-cap assets like CBDOGE can help manage overall risk exposure while maintaining potential for growth.
👉 Explore real-time trading tools
Market Analysis and Future Outlook
Analyzing CBDOGE's market position requires understanding both its technical fundamentals and market sentiment. The token's performance is inherently tied to both Dogecoin's underlying value and the utility of wrapped assets within the Ethereum ecosystem.
The growing adoption of decentralized finance applications continues to drive demand for wrapped assets that bridge different blockchain networks. This trend could potentially benefit CBDOGE if the integration between Coinbase's wrapping service and Ethereum's DeFi ecosystem continues to develop.
However, investors should remain aware of the competitive landscape, as multiple wrapped versions of popular cryptocurrencies exist across different platforms. The long-term success of any particular wrapped asset depends on its security, adoption, and the reputation of the institution providing the wrapping service.
Frequently Asked Questions
What determines the price of Coinbase Wrapped DOGE?
The price of CBDOGE is primarily determined by market supply and demand dynamics on trading platforms. Since it's a wrapped asset, its value also closely follows the price of native Dogecoin, minus small variations due to wrapping fees and network conditions. Market sentiment toward meme coins and the broader cryptocurrency market also significantly influence its valuation.
How does CBDOGE differ from regular Dogecoin?
CBDOGE represents Dogecoin that has been "wrapped" to function on the Ethereum blockchain, while regular DOGE exists on its native blockchain. This wrapping process allows DOGE holders to access Ethereum-based decentralized applications. Both assets maintain equivalent value through collateralization mechanisms.
What are the main risks associated with investing in CBDOGE?
The primary risks include market volatility typical of smaller-cap cryptocurrencies, potential technical issues with the wrapping mechanism, regulatory developments affecting wrapped assets, and liquidity constraints due to its relatively small market size. Investors should also consider smart contract risks associated with the wrapping process.
Can I convert CBDOGE back to regular Dogecoin?
Yes, the wrapping process typically allows for bidirectional conversion. Holders can generally unwrap their CBDOGE tokens to receive native Dogecoin through the designated wrapping service, though this process may involve transaction fees and require completing certain steps on the supporting platform.
How often is the circulating supply updated?
Circulating supply figures are typically updated regularly as new tokens are minted or existing tokens are burned or otherwise removed from circulation. However, significant supply changes usually occur during specific events rather than continuous daily adjustments.
What factors should I monitor when tracking CBDOGE's performance?
Key factors to watch include the price movement of underlying Dogecoin, trading volume changes, developments in the wrapped asset ecosystem, updates from the wrapping service provider, and overall market sentiment toward both meme coins and Ethereum-based tokens.