Dogecoin Price Hits $0.22 on Top Exchanges (DOGE)

Dogecoin (DOGE) traded 0.8% higher against the dollar during the 24-hour period ending at 9:00 AM ET on March 29th. Dogecoin has a market cap of $31.13 billion and $4.37 billion worth of Dogecoin was traded on exchanges in the last day. During the last seven days, Dogecoin has traded 42.5% higher against the dollar. One Dogecoin coin can now be bought for $0.22 or 0.00000308 BTC on popular exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Litecoin (LTC) traded up 9.3% against the dollar and now trades at $103.55 or 0.00147321 BTC.
• UNUS SED LEO (LEO) traded 0.3% higher against the dollar and now trades at $6.09 or 0.00008661 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• MegaCoin (MEC) traded 2.2% lower against the dollar and now trades at $4.30 or 0.00015776 BTC.
• DEI (DEI) traded 1.2% lower against the dollar and now trades at $0.0199 or 0.00000028 BTC.
• Polymath (POLY) traded down 5.5% against the dollar and now trades at $0.0993 or 0.00000141 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• EAC (EAC) traded flat against the dollar and now trades at $0.0011 or 0.00000004 BTC.

Dogecoin Profile

Dogecoin is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its launch date was December 6th, 2013. Dogecoin’s total supply is 143,665,966,384 coins. Dogecoin’s official website is dogecoin.com. The Reddit community for Dogecoin is https://reddit.com/r/dogecoin and the currency’s Github account can be viewed here. Dogecoin’s official Twitter account is @dogecoin and its Facebook page is accessible 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 possible to purchase alternative cryptocurrencies such as Dogecoin directly using US dollars. Investors seeking to acquire Dogecoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dogecoin using one of the aforementioned exchanges.

DOGE/USD price chart by TradingView