Dogecoin (DOGE) Hits Market Cap of $21.29 Billion

Dogecoin (DOGE) traded 1.2% lower against the U.S. dollar during the 1 day period ending at 15:00 PM E.T. on April 27th. In the last week, Dogecoin has traded 8.1% lower against the U.S. dollar. One Dogecoin coin can currently be bought for approximately $0.15 or 0.00000233 BTC on cryptocurrency exchanges. Dogecoin has a market cap of $21.29 billion and approximately $869.16 million worth of Dogecoin was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• Litecoin (LTC) traded 4.5% lower against the dollar and now trades at $84.05 or 0.00132762 BTC.
• UNUS SED LEO (LEO) traded up 1.1% against the dollar and now trades at $5.83 or 0.00009206 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 2.7% lower against the dollar and now trades at $0.0186 or 0.00000029 BTC.
• Polymath (POLY) traded 19.5% higher against the dollar and now trades at $0.10 or 0.00000159 BTC.
• Lotto (LOTTO) traded down 2.1% 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 (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 144,061,216,384 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.”

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dogecoin using one of the exchanges listed above.

DOGE/USD price chart by TradingView