Dovi Price
(DOVI)
USD($)
Dovi (DOVI) Live Price Chart
Overview
About
Analysis
FAQ
Dovi Live Price Data
The live price of Dovi is $0.07099, with a total trading volume of $ 42,506 in the last 24 hours. The price of Dovi changed by +8.49% in the past day, and its USD value has decreased by -4.74% over the last week. With a circulating supply of -- DOVI, the market cap of Dovi is currently -- USD, marking a --% increase today. Dovi currently ranks #-- in market cap.
How do you feel about Dovi today?
Note: This data is for reference only.
Dovi(DOVI) Profile
Rank--
--Expand 
Website
Documentation
- --
Explorer
Contract
- Ordinals - BRC20 078cd700...0i0
Audited By
- --
Code & Community
Investors
- --
$0.05798
$0.08034
- ATH
- $2.61
- Price Change (1h)
- 0.00%
- Price Change (24h)
- +8.49%
- Price Change (7d)
- -4.74%
- Market Cap
- --
- 24h Volume
- $42,506
- Circulating Supply
- --
- Max Supply
- 15,000,000
About DOVI
How can I buy Dovi (DOVI)?
Buying DOVI on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Dovi (DOVI) for more information. What Is Dovi (DOVI) Crypto?
Dovi is a community-driven Bitcoin Layer 2 and EVM-compatible smart contract platform. It is designed to enhance scalability, reduce transaction costs, and fosters a more secure and decentralized financial ecosystem. KuCoin Labs, the incubator and investment arm of the KuCoin ecosystem, has made a strategic investment in Dovi.
Dovi Bitcoin Layer2, also known as the Dovi Protocol, is an innovative solution designed to enhance the functionality, efficiency, and scalability of the Bitcoin network. It accomplishes this through the integration of advanced technologies and innovative concepts while preserving Bitcoin's core strengths, such as decentralization and security.
This Layer2 solution notably increases transaction speed and processing capacity, introduces smart contract capabilities to support complex applications, and enables cross-chain interoperability, aiming to optimize user experience, transaction efficiency, and security within the Bitcoin network.
Dovi focuses on establishing innovative solutions for Bitcoin Layer2 to optimize user experience and transaction efficiency within the BTC ecosystem.
How Does Dovi L2 Work?
Dovi’s primary objectives are to enhance scalability, reduce transaction fees, and foster a more secure and decentralized financial ecosystem. Here's how Dovi works:
1. Efficient Transaction Processing: Dovi aims to improve the efficiency of transaction processing on the Bitcoin network significantly.
2. Reduced Network Fees: One of the key advantages of Dovi is its ability to reduce the fees associated with network transactions substantially.
3. Safer Consensus Mechanism: The platform employs a consensus mechanism that enhances the safety and security of transactions.
4. Scalable Second-Layer Network: Dovi functions as a scalable second-layer network, which helps reduce the load on the main Bitcoin blockchain.
5. Schnorr Signatures Integration: This feature enhances Bitcoin's security with decentralized multi-signature transactions. It is efficient and discreet, reducing transaction size and optimizing block space.
6. Multi-Asset Support: Dovi supports various asset types, including BRC20 and ARC20 tokens, and enables fast and secure cross-chain asset transfers.
7. Smart Contracts and DeFi: Being EVM-compatible, Dovi allows the deployment of Ethereum-designed smart contracts on the Bitcoin network. This supports a range of decentralized finance (DeFi) applications, including decentralized exchanges, lending platforms, and automation tools.
8. Client-Side Verification and Off-Chain Scalability: The platform uses client-side verification to enhance transaction privacy. Additionally, off-chain processing improves scalability by reducing the load on the main Bitcoin chain.
When Was Dovi (DOVI) Ordinals Launched?
KuCoin Labs announced an investment in the Dovi L2 network in December 2023. The token was listed on the KuCoin Spot Market in the same month.
Dovi's roadmap includes short-term goals like launching and deploying the platform, building a community, and long-term goals such as enhancing and optimizing the platform, achieving maturity and adoption, expanding the ecosystem, and leading in innovation.
The platform plans to release a testnet, establish a developer community, and support the ecosystem, followed by the launch of Dovi V1 and forming partnerships.
How to Use DOVI Coin
DOVI tokens can pay for transaction fees on the Dovi network, especially for operations that require processing power, like executing smart contracts or conducting transactions.
The Dovi ecosystem could use DOVI tokens to incentivize developers and users to contribute to the network, such as participating in network security, developing applications, or promoting community engagement.
You could also trade Dovi coin against other cryptos on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell $DOVI or hold it long-term if you believe in the future potential of the Dovi L2 network. Remember to do your own research (DYOR) before entering any trades in the crypto market.
Dovi (DOVI) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.00555 | 8.49% |
| 7 Days | $-0.00354 | -4.75% |
| 30 Days | $0.01237 | 21.11% |
| 3 Months | $0.01182 | 19.99% |
24H Investment Barometer
24H
- Strong Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Strong SellSellNeutralBuyStrong Buy
Dovi Conversion Rate
FAQ
How much is 1 Dovi (DOVI) worth?
KuCoin provides real-time USD price updates for Dovi (DOVI). Dovi price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time DOVI to USD exchange rates. Is Dovi (DOVI) a Good Investment?
Here are some reasons why you could consider adding DOVI Ordinals to your crypto portfolio:
Community-Driven BTC L2
Dovi is designed to improve the scalability of the Bitcoin network. By functioning as a second-layer solution, it can process transactions more efficiently, which is crucial for handling increased user traffic and activity.
Reduce Bitcoin Transaction Fees
One of the significant challenges with the main Bitcoin blockchain is the high transaction fees, especially during peak times. Dovi aims to significantly reduce these fees, making transactions more economical.
Advanced Security Features
With the integration of Schnorr Signatures, Dovi enhances the security of Bitcoin transactions. This decentralized multi-signature approach is more efficient and discreet, optimizing block space and reducing transaction sizes.
EVM Compatibility and Smart Contract Support
Dovi's EVM compatibility allows for the deployment of Ethereum-designed smart contracts on the Bitcoin network. This opens up new possibilities for dApps and DeFi solutions on Bitcoin.
Supports ARC20 and BRC20 Tokens
The platform supports various asset types, including BRC20 and ARC20 tokens. This multi-asset support enables fast and secure cross-chain asset transfers, broadening the scope of asset management on the Bitcoin network.
Potential for Growth and Innovation
As a Layer 2 solution, Dovi is positioned at the forefront of blockchain innovation. Investors in Dovi may benefit from the platform's potential growth and development, especially as the demand for scalable and efficient blockchain solutions increases.
What Is Dovi Price Prediction?
Despite the volatile nature of the crypto market making it challenging to offer a reliable DOVI crypto price prediction, you could assess the following factors to understand price trends in the DOVI coin:
Market Demand and Supply of DOVI Coins
The basic economic principle of demand and supply significantly impacts the price of DOVI tokens. The price will likely increase if the demand for DOVI tokens increases (for instance, due to increased adoption or positive news). Conversely, if the supply exceeds demand, the $DOVI price may fall.
Future Developments in the Dovi L2 Roadmap
Any significant updates, improvements, or technological advancements in the Dovi platform can positively influence the DOVI token price. Investors often see these developments as indicators of the project's long-term viability.
Partnership Announcements by the Dovi Team
Announcements about new partnerships, collaborations, or support from significant crypto or tech industry players can boost investor confidence and, consequently, the DOVI crypto price.
Level of Adoption of Dovi Network
The extent to which DOVI tokens are adopted for real-world applications, especially in DeFi and other blockchain-based solutions, can significantly impact the DOVI token value.
Crypto Market Sentiment
Cryptocurrency prices are often correlated. If the broader crypto market is bullish, individual cryptocurrencies, including DOVI, usually follow suit. Similarly, a bearish market trend can negatively impact DOVI's price.
Who Are Dovi Layer-2 Network’s Partners?
As of December 2023, Dovi L2 has partnered with KuCoin Labs, OKX, and Coinmarketcap. The number of partnerships could increase as the project gains traction within the crypto community.
What is the all-time high price of Dovi (DOVI)?
The all-time high price of Dovi (DOVI) is $2.61000. The current price of DOVI is down 97.28% from its all-time high.
What is the all-time low price of Dovi (DOVI)?
The all-time low price of Dovi (DOVI) is $0.05331. The current price of DOVI is up 33.22% from its all-time low.
What is the market cap of Dovi (DOVI)?
The current market cap of DOVI is $420.66M. It is calculated by multiplying the current supply of DOVI by its real-time market price of $420.66M.
How do I store Dovi (DOVI)?
You can securely store your Dovi in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your DOVI include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Injective (INJ) to cash?
You can instantly exchange your Injective (INJ) for cash using KuCoin's Fast Trade feature. This feature enables you to convert INJ to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.