Dogecoin Price Reaches $0.15 on Major Exchanges (DOGE)

Dogecoin (DOGE) traded up 5.2% against the US dollar during the one day period ending at 7:00 AM Eastern on May 14th. Dogecoin has a market cap of $21.66 billion and $2.00 billion worth of Dogecoin was traded on exchanges in the last day. In the last week, Dogecoin has traded down 4.7% against the US dollar. One Dogecoin coin can now be purchased for approximately $0.15 or 0.00000243 BTC on popular exchanges.

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

  • Litecoin (LTC) traded 1.9% lower against the dollar and now trades at $80.32 or 0.00130065 BTC.
  • UNUS SED LEO (LEO) traded 1.3% lower against the dollar and now trades at $5.90 or 0.00009558 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 1.9% against the dollar and now trades at $0.0169 or 0.00000027 BTC.
  • Polymath (POLY) traded 8.9% lower against the dollar and now trades at $0.0880 or 0.00000143 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

DOGE is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It launched on December 6th, 2013. Dogecoin’s total supply is 144,285,886,384 coins. The official website for Dogecoin 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 currently possible to purchase alternative cryptocurrencies such as Dogecoin directly using U.S. dollars. Investors seeking to trade Dogecoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dogecoin using one of the aforementioned exchanges.

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