Dogecoin Trading 20.8% Lower Over Last Week (DOGE)

Dogecoin (DOGE) traded 4% lower against the US dollar during the 1-day period ending at 10:00 AM Eastern on April 16th. One Dogecoin coin can now be purchased for approximately $0.15 or 0.00000244 BTC on major exchanges. Dogecoin has a total market capitalization of $22.03 billion and $3.51 billion worth of Dogecoin was traded on exchanges in the last day. Over the last seven days, Dogecoin has traded 20.8% lower against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Litecoin (LTC) traded down 2.1% against the dollar and now trades at $78.75 or 0.00125258 BTC.
• UNUS SED LEO (LEO) traded down 0.7% against the dollar and now trades at $5.82 or 0.00009250 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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 2.5% lower against the dollar and now trades at $0.0168 or 0.00000027 BTC.
• Polymath (POLY) traded up 8.7% against the dollar and now trades at $0.11 or 0.00000172 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 is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It launched on December 6th, 2013. Dogecoin’s total supply is 143,909,536,384 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.”

Dogecoin Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Dogecoin directly using U.S. dollars. Investors seeking to acquire Dogecoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. 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