Dogecoin Reaches Market Capitalization of $8.86 Billion (DOGE)

Dogecoin (DOGE) traded up 0.9% against the U.S. dollar during the 24 hour period ending at 13:00 PM ET on September 19th. Dogecoin has a market cap of $8.86 billion and approximately $207.40 million worth of Dogecoin was traded on exchanges in the last 24 hours. One Dogecoin coin can now be purchased for about $0.0628 or 0.00000231 BTC on cryptocurrency exchanges. During the last seven days, Dogecoin has traded up 2.8% against the U.S. dollar.

Here’s how other cryptocurrencies have performed during the last 24 hours:

• Litecoin (LTC) traded up 0.9% against the dollar and now trades at $67.53 or 0.00248434 BTC.
• UNUS SED LEO (LEO) traded 1% higher against the dollar and now trades at $3.71 or 0.00013657 BTC.
• DEI (DEI) traded down 0.2% against the dollar and now trades at $0.0123 or 0.00000045 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.
• Polymath (POLY) traded 6.8% lower against the dollar and now trades at $0.11 or 0.00000415 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

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 141,073,126,384 coins. The Reddit community for Dogecoin is https://reddit.com/r/dogecoin and the currency’s Github account can be viewed here. The official website for Dogecoin 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 possible to buy alternative cryptocurrencies such as Dogecoin directly using U.S. dollars. Investors seeking to trade Dogecoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dogecoin using one of the aforementioned exchanges.

DOGE/USD price chart by TradingView