Dogecoin Price Hits $0.0975 on Major Exchanges (DOGE)

Dogecoin (DOGE) traded up 0% against the US dollar during the 24 hour period ending at 9:00 AM Eastern on September 6th. In the last seven days, Dogecoin has traded 4.2% lower against the US dollar. One Dogecoin coin can currently be bought for approximately $0.0975 or 0.00000171 BTC on major cryptocurrency exchanges. Dogecoin has a total market capitalization of $14.22 billion and $532.38 million worth of Dogecoin was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• UNUS SED LEO (LEO) traded 2.6% lower against the dollar and now trades at $5.55 or 0.00009747 BTC.
• Litecoin (LTC) traded up 0.6% against the dollar and now trades at $65.95 or 0.00115899 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.
• Polymath (POLY) traded 23.4% higher against the dollar and now trades at $0.0881 or 0.00000155 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.

Dogecoin Coin Profile

Dogecoin is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its launch date was December 6th, 2013. Dogecoin’s total supply is 145,844,016,384 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 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 Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dogecoin using one of the exchanges listed above.

DOGE/USD price chart by TradingView