Dogecoin Market Cap Hits $25.46 Billion (DOGE)

Dogecoin (DOGE) traded up 8.6% against the dollar during the 24-hour period ending at 18:00 PM Eastern on October 29th. One Dogecoin coin can now be bought for about $0.17 or 0.00000241 BTC on exchanges. Dogecoin has a market cap of $25.46 billion and approximately $3.89 billion worth of Dogecoin was traded on exchanges in the last 24 hours. During the last week, Dogecoin has traded up 24.1% against the dollar.

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

• UNUS SED LEO (LEO) traded 0.3% higher against the dollar and now trades at $6.06 or 0.00008397 BTC.
• Litecoin (LTC) traded up 4% against the dollar and now trades at $73.67 or 0.00102005 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 down 12.5% against the dollar and now trades at $0.0535 or 0.00000074 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 Coin Profile

Dogecoin is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It launched on December 6th, 2013. Dogecoin’s total supply is 146,573,626,384 coins. 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. The official website for Dogecoin is dogecoin.com.

According to CryptoCompare, “Dogecoin (DOGE) is an open-source, peer-to-peer cryptocurrency launched in December 2013 by Billy Markus and Jackson Palmer. Initially created as a joke based on the “Doge” meme featuring a Shiba Inu named Kabosu, it quickly grew in popularity. Dogecoin runs on a decentralised blockchain, using Proof-of-Work (PoW) and the Scrypt algorithm, making it less energy-intensive than Bitcoin. Its key uses include tipping content creators, donations, and payments for goods and services. The community is known for its charitable initiatives, such as supporting the Jamaican bobsled team and clean water projects. Despite its humorous origins, Dogecoin has developed a strong community and growing ecosystem, with ongoing development by the Dogecoin Core team and governance provided by the Dogecoin Foundation. There is no maximum supply, and miners earn 10,000 DOGE per minute, encouraging frequent usage rather than holding. Dogecoin remains a unique digital asset with widespread community support.”

Buying and Selling Dogecoin

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

DOGE/USD price chart by TradingView