Dogecoin 24-Hour Trading Volume Tops $901.93 Million (DOGE)

Dogecoin (DOGE) traded up 4.2% against the U.S. dollar during the 24 hour period ending at 13:00 PM E.T. on October 14th. One Dogecoin coin can now be bought for about $0.12 or 0.00000175 BTC on popular exchanges. During the last week, Dogecoin has traded 2.1% higher against the U.S. dollar. Dogecoin has a total market cap of $16.85 billion and approximately $901.93 million worth of Dogecoin was traded on exchanges in the last day.

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

• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $6.14 or 0.00009326 BTC.
• Litecoin (LTC) traded 2.9% higher against the dollar and now trades at $66.82 or 0.00101446 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.
• Polymath (POLY) traded down 28.9% against the dollar and now trades at $0.0454 or 0.00000069 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• DEI (DEI) traded down 2.5% 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 146,365,046,384 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 currently 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 Changelly, Gemini or GDAX. 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