Dogecoin (DOGE) Market Capitalization Tops $17.82 Billion

Dogecoin (DOGE) traded 3.1% lower against the dollar during the one day period ending at 20:00 PM E.T. on June 28th. One Dogecoin coin can now be purchased for about $0.12 or 0.00000204 BTC on exchanges. Dogecoin has a market cap of $17.82 billion and approximately $632.44 million worth of Dogecoin was traded on exchanges in the last 24 hours. In the last seven days, Dogecoin has traded 0.8% lower against the dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Litecoin (LTC) traded down 0.4% against the dollar and now trades at $72.80 or 0.00120682 BTC.
• UNUS SED LEO (LEO) traded down 0.8% against the dollar and now trades at $5.72 or 0.00009488 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• MegaCoin (MEC) traded down 2.2% against the dollar and now trades at $4.30 or 0.00015776 BTC.
• DEI (DEI) traded 3.3% higher against the dollar and now trades at $0.0129 or 0.00000021 BTC.
• Polymath (POLY) traded 11.8% lower against the dollar and now trades at $0.0926 or 0.00000153 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.

Dogecoin Profile

Dogecoin is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It launched on December 6th, 2013. Dogecoin’s total supply is 144,900,156,384 coins. Dogecoin’s official website is dogecoin.com. Dogecoin’s official Twitter account is @dogecoin and its Facebook page is accessible here. The Reddit community for Dogecoin is https://reddit.com/r/dogecoin and the currency’s Github account can be viewed here.

According to CryptoCompare, “Dogecoin (DOGE) is a cryptocurrency that was created in 2013 inspired by the Shiba Inu dog meme. It uses underlying technology from Litecoin and has a large circulating supply of 132 billion DOGE. It was initially created as a joke but has gained value due to supply and demand, and has been accepted by large retailers such as Tesla as a payment method. It was created by Jackson Palmer and Billy Markus and uses Litecoin’s Scrypt mining algorithm and is a Proof-of-Work cryptocurrency that can be merged mined with Litecoin. The value of DOGE has increased due to speculation about its potential adoption by products and services from companies owned by Elon Musk, such as Tesla and Twitter.”

Buying and Selling Dogecoin

It is usually not presently possible to buy alternative cryptocurrencies such as Dogecoin directly using US dollars. Investors seeking to acquire Dogecoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dogecoin using one of the aforementioned exchanges.

DOGE/USD price chart by TradingView