Dogecoin Price Down 9.8% Over Last 7 Days (DOGE)

Dogecoin (DOGE) traded 2% lower against the US dollar during the 1-day period ending at 18:00 PM Eastern on June 8th. Dogecoin has a market capitalization of $21.04 billion and $882.52 million worth of Dogecoin was traded on exchanges in the last day. Over the last week, Dogecoin has traded down 9.8% against the US dollar. One Dogecoin coin can currently be purchased for about $0.15 or 0.00000210 BTC on major exchanges.

Here is how similar cryptocurrencies have performed over the last day:

  • Litecoin (LTC) traded down 0.1% against the dollar and now trades at $79.89 or 0.00115312 BTC.
  • UNUS SED LEO (LEO) traded 3.2% lower against the dollar and now trades at $5.83 or 0.00008412 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 1.9% higher against the dollar and now trades at $0.0115 or 0.00000017 BTC.
  • Polymath (POLY) traded down 4.3% against the dollar and now trades at $0.0779 or 0.00000112 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 (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 144,630,056,384 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.”

Buying and Selling Dogecoin

It is usually not presently 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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dogecoin using one of the exchanges listed above.

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