Dogecoin Trading 28% Higher Over Last Week (DOGE)

Dogecoin (DOGE) traded up 1.2% against the dollar during the 24-hour period ending at 0:00 AM ET on October 20th. One Dogecoin coin can now be purchased for $0.14 or 0.00000210 BTC on major exchanges. Dogecoin has a market cap of $21.14 billion and $1.60 billion worth of Dogecoin was traded on exchanges in the last 24 hours. In the last seven days, Dogecoin has traded 28% higher against the dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $6.09 or 0.00008861 BTC.
• Litecoin (LTC) traded down 2.4% against the dollar and now trades at $73.53 or 0.00106919 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.
• Polymath (POLY) traded 7.3% higher against the dollar and now trades at $0.0611 or 0.00000089 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 (DOGE) 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 146,454,236,384 coins. 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. The official website for Dogecoin 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.”

Buying and Selling Dogecoin

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

DOGE/USD price chart by TradingView