Dogecoin (DOGE) One Day Trading Volume Hits $1.45 Billion

Dogecoin (DOGE) traded down 10% against the dollar during the 1 day period ending at 0:00 AM Eastern on June 17th. During the last week, Dogecoin has traded 14.3% lower against the dollar. One Dogecoin coin can currently be purchased for about $0.12 or 0.00000186 BTC on popular cryptocurrency exchanges. Dogecoin has a total market cap of $17.62 billion and approximately $1.45 billion worth of Dogecoin was traded on exchanges in the last day.

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

  • Litecoin (LTC) traded down 6.7% against the dollar and now trades at $73.08 or 0.00111524 BTC.
  • UNUS SED LEO (LEO) traded 3.5% lower against the dollar and now trades at $5.72 or 0.00008734 BTC.
  • NyanCoin (NYAN) traded down 2.2% 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.
  • Polymath (POLY) traded 9.9% lower against the dollar and now trades at $0.0952 or 0.00000145 BTC.
  • DEI (DEI) traded down 4.8% against the dollar and now trades at $0.0110 or 0.00000017 BTC.
  • Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 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 144,754,836,384 coins. Dogecoin’s official Twitter account is @dogecoin and its Facebook page is accessible here. The official website for Dogecoin 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.”

Dogecoin Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Dogecoin directly using US dollars. Investors seeking to trade Dogecoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dogecoin using one of the aforementioned exchanges.

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