Dogecoin (DOGE) Tops 24 Hour Volume of $1.44 Billion

Dogecoin (DOGE) traded down 7.7% against the US dollar during the twenty-four hour period ending at 12:00 PM Eastern on June 18th. Over the last week, Dogecoin has traded 13.7% lower against the US dollar. One Dogecoin coin can currently be purchased for about $0.12 or 0.00000185 BTC on major exchanges. Dogecoin has a total market cap of $17.26 billion and approximately $1.44 billion worth of Dogecoin was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Litecoin (LTC) traded 6.8% lower against the dollar and now trades at $71.36 or 0.00110467 BTC.
• UNUS SED LEO (LEO) traded 0.3% lower against the dollar and now trades at $5.66 or 0.00008762 BTC.
• NyanCoin (NYAN) traded down 2.2% 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 0.1% lower against the dollar and now trades at $0.0112 or 0.00000017 BTC.
• Polymath (POLY) traded 33.1% lower against the dollar and now trades at $0.0807 or 0.00000125 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.

Dogecoin Coin 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 144,762,196,384 coins. Dogecoin’s official Twitter account is @dogecoin and its Facebook page is accessible here. 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.

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 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 Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dogecoin using one of the exchanges listed above.

DOGE/USD price chart by TradingView