Dogecoin Reaches Market Cap of $21.04 Billion (DOGE)

Dogecoin (DOGE) traded down 3.8% against the U.S. dollar during the twenty-four hour period ending at 9:00 AM Eastern on April 18th. Dogecoin has a market capitalization of $21.04 billion and approximately $2.20 billion worth of Dogecoin was traded on exchanges in the last 24 hours. One Dogecoin coin can currently be purchased for about $0.15 or 0.00000235 BTC on cryptocurrency exchanges. In the last week, Dogecoin has traded down 24.9% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

  • Litecoin (LTC) traded 4.4% higher against the dollar and now trades at $80.60 or 0.00129761 BTC.
  • UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $5.86 or 0.00009436 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 0.3% lower against the dollar and now trades at $0.0167 or 0.00000027 BTC.
  • Polymath (POLY) traded 7.3% lower against the dollar and now trades at $0.0799 or 0.00000129 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 143,934,946,384 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 currently possible to buy alternative cryptocurrencies such as Dogecoin directly using U.S. dollars. Investors seeking to trade Dogecoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dogecoin using one of the exchanges listed above.

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