Dogecoin Price Hits $0.16 (DOGE)

Dogecoin (DOGE) traded 1.6% higher against the U.S. dollar during the 1-day period ending at 7:00 AM Eastern on April 24th. In the last week, Dogecoin has traded 4.3% higher against the U.S. dollar. Dogecoin has a total market cap of $23.27 billion and approximately $1.18 billion worth of Dogecoin was traded on exchanges in the last day. One Dogecoin coin can now be bought for about $0.16 or 0.00000243 BTC on major cryptocurrency exchanges.

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

• Litecoin (LTC) traded 3% higher against the dollar and now trades at $87.11 or 0.00131076 BTC.
• UNUS SED LEO (LEO) traded 0.6% lower against the dollar and now trades at $5.73 or 0.00008619 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 1.3% higher against the dollar and now trades at $0.0199 or 0.00000030 BTC.
• Polymath (POLY) traded 1.2% lower against the dollar and now trades at $0.11 or 0.00000165 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 144,015,966,384 coins. Dogecoin’s official Twitter account is @dogecoin and its Facebook page is accessible here. The Reddit community for Dogecoin is https://reddit.com/r/dogecoin and the currency’s Github account can be viewed 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 purchase alternative cryptocurrencies such as Dogecoin directly using US dollars. Investors seeking to acquire Dogecoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. 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