Is Dogecoin (DOGE) a shitcoin?
$ No. Strong fundamentals, few red flags.
Gold-meter
65/100
merit score
Shit-meter
18/100
red-flag score
Dogecoin: Strongest on fair launch & distribution (100); biggest red flag is insider control (30).
— — Market Cap —
Memecoin · Data confidence medium How much of the methodology had verified data behind this score. It says nothing about the project itself. Is this verdict fair?
Community opinion — never affects scores.
Every score is built from the indicators below. Select any line for the reasoning, raw data and source.
Goldcoin score breakdown Higher is better · total 65 Decentralization 16% of score 54
Consensus mechanism assessed 100 Proof of work Permissionless participation assessed 100 Anyone can mine or validate Nakamoto coefficient measured 23 2 Reachable full / validating nodes measured 42 700 Largest client's share measured 7 95% Halts or rollbacks, last 5 years measured 100 0 Years in production measured 100 12.8 years Cost to attack measured 67 ~$1B (est.) Full bear markets survived measured 80 2 Usability as money 10% of score 68
Confirmation speed (L1) assessed 70 10s to 2 min Typical transaction fee (L1) assessed 65 $0.01 to $0.10 Supply soundness 14% of score 57
Current annual inflation measured 74 3.4% Supply policy assessed 40 Fixed issuance, no cap Tech & development 12% of score 31
Monthly active core developers measured 15 1 Open source assessed 100 Fully open Originality assessed 10 Copy fork or template token Programmability assessed 0 None (payments only) Annual fees ÷ market cap measured 51 0.034% Daily active addresses measured ?
Unknown TVL or non-speculative settlement ÷ market cap measured ?
Unknown Fair launch & distribution 16% of score 100
Genesis allocation to insiders measured 100 0% Launch method assessed 100 Fair mining / fair launch Top-100 holders' share measured ?
Unknown Security budget 10% of score 66
Fee share of security rewards assessed 15 Under 3% Real reward to securers assessed 50 Roughly break-even Security spend (rewards ÷ market cap per year) assessed 100 1.5% or more of market cap per year Security trend (hashrate or staked share, 1 year) assessed 100 Growing
Shitcoin score breakdown Higher is worse · total 18 Admin powers 15% of score 0
Mint authority measured 0 None Freeze or blacklist function measured 0 No Upgrade path measured 0 Immutable or hard fork only Insider control 20% of score 30
Team, investor and foundation holdings measured 0 0% Top-10 wallets' share measured 89 ~45% Who controls upgrades and governance assessed 0 Broad rough consensus Unlock overhang 15% of score 0
FDV ÷ market cap measured 0 1.1× Unlocks in next 12 months measured 0 0% Hype dependence 10% of score 0
Celebrity, influencer or politician launch assessed 0 No Social mentions ÷ active addresses measured ?
Unknown Trading turnover measured ?
Unknown Track record 10% of score 0
Core-protocol exploits with user losses, last 5 years measured 0 0 Regulatory enforcement against the issuer measured 0 None Function beyond speculation assessed 0 Money, gas or collateral Market cap ÷ annual economic throughput measured ?
Unknown Token needed to use the product assessed 0 Required Methodology v0.8 · computed 2026-09-29 