Dogecoin Trading 26% Lower Over Last Week (DOGE)

Dogecoin (DOGE) traded 6.7% lower against the dollar during the 24 hour period ending at 21:00 PM Eastern on April 17th. Dogecoin has a market cap of $21.10 billion and $2.00 billion worth of Dogecoin was traded on exchanges in the last day. One Dogecoin coin can now be bought for about $0.15 or 0.00000239 BTC on popular cryptocurrency exchanges. During the last week, Dogecoin has traded 26% lower against the dollar.

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

• Litecoin (LTC) traded 0.5% lower against the dollar and now trades at $79.83 or 0.00130066 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $5.85 or 0.00009533 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.
• DEI (DEI) traded down 3.2% against the dollar and now trades at $0.0166 or 0.00000027 BTC.
• Polymath (POLY) traded up 12.1% against the dollar and now trades at $0.0929 or 0.00000151 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.

About Dogecoin

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 143,928,036,384 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 website is dogecoin.com. Dogecoin’s official Twitter account is @dogecoin and its Facebook page is accessible 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 presently possible to purchase alternative cryptocurrencies such as Dogecoin directly using US dollars. Investors seeking to trade Dogecoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dogecoin using one of the exchanges listed above.

DOGE/USD price chart by TradingView