Dogecoin (DOGE) Trading Down 20.8% This Week

Dogecoin (DOGE) traded 1.1% higher against the dollar during the one day period ending at 11:00 AM Eastern on April 19th. Dogecoin has a total market cap of $21.99 billion and $2.13 billion worth of Dogecoin was traded on exchanges in the last 24 hours. One Dogecoin coin can currently be purchased for approximately $0.15 or 0.00000237 BTC on cryptocurrency exchanges. Over the last week, Dogecoin has traded 20.8% lower against the dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Litecoin (LTC) traded down 1.1% against the dollar and now trades at $81.18 or 0.00125779 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $5.82 or 0.00009017 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.
• DEI (DEI) traded up 11.7% against the dollar and now trades at $0.0186 or 0.00000029 BTC.
• Polymath (POLY) traded up 13.6% against the dollar and now trades at $0.0910 or 0.00000141 BTC.
• Lotto (LOTTO) traded 2.1% lower 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

DOGE is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It launched on December 6th, 2013. Dogecoin’s total supply is 143,950,006,384 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 possible to purchase alternative cryptocurrencies such as Dogecoin directly using US dollars. Investors seeking to trade Dogecoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. 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