Dogecoin (DOGE) Price Hits $0.13 on Major Exchanges

Dogecoin (DOGE) traded down 3.8% against the dollar during the one day period ending at 14:00 PM Eastern on October 23rd. Over the last seven days, Dogecoin has traded up 5.2% against the dollar. One Dogecoin coin can currently be bought for about $0.13 or 0.00000205 BTC on cryptocurrency exchanges. Dogecoin has a market capitalization of $19.62 billion and $1.33 billion worth of Dogecoin was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• UNUS SED LEO (LEO) traded up 3.3% against the dollar and now trades at $6.09 or 0.00009318 BTC.
• Litecoin (LTC) traded down 1.9% against the dollar and now trades at $68.39 or 0.00104624 BTC.
• NyanCoin (NYAN) traded down 2.2% 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.
• Polymath (POLY) traded 35.5% higher against the dollar and now trades at $0.0736 or 0.00000113 BTC.
• Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• DEI (DEI) traded 2.5% lower against the dollar and now trades at $0.0129 or 0.00000020 BTC.

About Dogecoin

Dogecoin is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its genesis date was December 6th, 2013. Dogecoin’s total supply is 146,489,486,384 coins. 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. Dogecoin’s official website is dogecoin.com.

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.”

Dogecoin Coin Trading

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

DOGE/USD price chart by TradingView