Dogecoin (DOGE) 24-Hour Trading Volume Hits $1.69 Billion

Dogecoin (DOGE) traded 3.7% lower against the dollar during the one day period ending at 14:00 PM Eastern on May 6th. Dogecoin has a market cap of $22.38 billion and approximately $1.69 billion worth of Dogecoin was traded on exchanges in the last 24 hours. One Dogecoin coin can currently be purchased for about $0.16 or 0.00000246 BTC on major cryptocurrency exchanges. In the last week, Dogecoin has traded 9.6% higher against the dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Litecoin (LTC) traded 0.4% higher against the dollar and now trades at $81.51 or 0.00128995 BTC.
• UNUS SED LEO (LEO) traded 1% lower against the dollar and now trades at $5.79 or 0.00009160 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 down 3.9% against the dollar and now trades at $0.0184 or 0.00000029 BTC.
• Polymath (POLY) traded 15.9% higher against the dollar and now trades at $0.0993 or 0.00000157 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 Profile

Dogecoin (CRYPTO: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 144,181,186,384 coins. Dogecoin’s official website is dogecoin.com. 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.

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 presently possible to purchase alternative cryptocurrencies such as Dogecoin directly using US dollars. Investors seeking to trade Dogecoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. 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