Dogecoin (DOGE) Hits Market Cap of $22.21 Billion

Dogecoin (DOGE) traded up 2.1% against the U.S. dollar during the 24-hour period ending at 18:00 PM E.T. on April 19th. Dogecoin has a total market cap of $22.21 billion and approximately $138.38 million worth of Dogecoin was traded on exchanges in the last 24 hours. Over the last seven days, Dogecoin has traded 11.3% lower against the U.S. dollar. One Dogecoin coin can currently be bought for about $0.15 or 0.00000240 BTC on exchanges.

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

• Litecoin (LTC) traded up 0.3% against the dollar and now trades at $81.45 or 0.00126594 BTC.
• UNUS SED LEO (LEO) traded down 1.5% against the dollar and now trades at $5.77 or 0.00008975 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 up 6.9% against the dollar and now trades at $0.0186 or 0.00000029 BTC.
• Polymath (POLY) traded up 5.5% against the dollar and now trades at $0.0867 or 0.00000135 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.

About Dogecoin

Dogecoin 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 143,953,426,384 coins. The Reddit community for Dogecoin is https://reddit.com/r/dogecoin and the currency’s Github account can be viewed here. Dogecoin’s official Twitter account is @dogecoin and its Facebook page is accessible here. Dogecoin’s official website is dogecoin.com.

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 currently possible to purchase alternative cryptocurrencies such as Dogecoin directly using U.S. dollars. Investors seeking to acquire Dogecoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dogecoin using one of the aforementioned exchanges.

DOGE/USD price chart by TradingView