Dogecoin Reaches Market Capitalization of $20.47 Billion (DOGE)

Dogecoin (DOGE) traded 2.6% lower against the U.S. dollar during the twenty-four hour period ending at 20:00 PM Eastern on October 22nd. One Dogecoin coin can currently be bought for $0.14 or 0.00000207 BTC on popular cryptocurrency exchanges. Dogecoin has a total market cap of $20.47 billion and $1.65 billion worth of Dogecoin was traded on exchanges in the last day. Over the last seven days, Dogecoin has traded 19.6% higher against the U.S. dollar.

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

• UNUS SED LEO (LEO) traded 1.7% lower against the dollar and now trades at $5.99 or 0.00008874 BTC.
• Litecoin (LTC) traded 1% lower against the dollar and now trades at $69.94 or 0.00103699 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.
• Polymath (POLY) traded up 32.1% against the dollar and now trades at $0.0669 or 0.00000099 BTC.
• Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• DEI (DEI) traded 2.5% lower against the dollar and now trades at $0.0129 or 0.00000020 BTC.

Dogecoin Profile

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 146,479,036,384 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.”

Dogecoin Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Dogecoin directly using US dollars. Investors seeking to acquire Dogecoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dogecoin using one of the aforementioned exchanges.

DOGE/USD price chart by TradingView