Dogecoin (DOGE) Hits Market Capitalization of $17.88 Billion

Dogecoin (DOGE) traded down 0.4% against the dollar during the 1 day period ending at 21:00 PM E.T. on June 21st. Dogecoin has a market cap of $17.88 billion and approximately $588.69 million worth of Dogecoin was traded on exchanges in the last 24 hours. Over the last week, Dogecoin has traded 8.8% lower against the dollar. One Dogecoin coin can now be bought for about $0.12 or 0.00000193 BTC on major exchanges.

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

  • Litecoin (LTC) traded 0.5% lower against the dollar and now trades at $74.00 or 0.00115487 BTC.
  • UNUS SED LEO (LEO) traded 0.5% higher against the dollar and now trades at $5.72 or 0.00008932 BTC.
  • NyanCoin (NYAN) traded 2.2% lower 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 1.4% against the dollar and now trades at $0.0124 or 0.00000019 BTC.
  • Polymath (POLY) traded up 8.8% against the dollar and now trades at $0.0957 or 0.00000149 BTC.
  • Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.

Dogecoin Profile

Dogecoin (DOGE) 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 144,807,376,384 coins. 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. 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 U.S. dollars. Investors seeking to acquire Dogecoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dogecoin using one of the aforementioned exchanges.

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