Dogecoin 24 Hour Volume Hits $903.14 Million (DOGE)

Dogecoin (DOGE) traded 8% higher against the U.S. dollar during the 1-day period ending at 14:00 PM Eastern on July 6th. One Dogecoin coin can now be purchased for about $0.11 or 0.00000195 BTC on cryptocurrency exchanges. Over the last seven days, Dogecoin has traded down 7.9% against the U.S. dollar. Dogecoin has a total market cap of $16.37 billion and $903.14 million worth of Dogecoin was traded on exchanges in the last 24 hours.

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

• UNUS SED LEO (LEO) traded down 0.9% against the dollar and now trades at $5.68 or 0.00009829 BTC.
• Litecoin (LTC) traded up 5.9% against the dollar and now trades at $64.94 or 0.00112402 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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.
• Polymath (POLY) traded 29.7% higher against the dollar and now trades at $0.12 or 0.00000204 BTC.
• Lotto (LOTTO) traded down 2.1% 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. Its launch date was December 6th, 2013. Dogecoin’s total supply is 145,006,796,384 coins. The official website for Dogecoin is dogecoin.com. Dogecoin’s official Twitter account is @dogecoin and its Facebook page is accessible here. 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 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 aforementioned exchanges.

DOGE/USD price chart by TradingView