Dogecoin (DOGE) Hits 1-Day Volume of $1.10 Billion

Dogecoin (DOGE) traded 2.4% higher against the dollar during the 24 hour period ending at 22:00 PM ET on May 9th. Over the last week, Dogecoin has traded up 13% against the dollar. One Dogecoin coin can now be bought for about $0.15 or 0.00000240 BTC on major cryptocurrency exchanges. Dogecoin has a total market capitalization of $21.76 billion and $1.10 billion worth of Dogecoin was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

• Litecoin (LTC) traded up 0.9% against the dollar and now trades at $83.18 or 0.00132136 BTC.
• UNUS SED LEO (LEO) traded down 0.3% against the dollar and now trades at $5.93 or 0.00009413 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 down 6.8% against the dollar and now trades at $0.0172 or 0.00000027 BTC.
• Polymath (POLY) traded up 25% against the dollar and now trades at $0.0958 or 0.00000152 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 Coin Profile

Dogecoin (DOGE) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It was first traded on December 6th, 2013. Dogecoin’s total supply is 144,227,286,384 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. 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.”

Buying and Selling Dogecoin

It is usually not currently possible to buy alternative cryptocurrencies such as Dogecoin directly using US dollars. Investors seeking to acquire Dogecoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dogecoin using one of the exchanges listed above.

DOGE/USD price chart by TradingView