Dogecoin Achieves Market Cap of $22.32 Billion (DOGE)

Dogecoin (DOGE) traded 1.5% higher against the dollar during the 1 day period ending at 12:00 PM ET on April 20th. One Dogecoin coin can now be bought for about $0.16 or 0.00000241 BTC on cryptocurrency exchanges. Dogecoin has a market capitalization of $22.32 billion and approximately $1.41 billion worth of Dogecoin was traded on exchanges in the last day. During the last week, Dogecoin has traded down 10% against the dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Litecoin (LTC) traded 1.7% higher against the dollar and now trades at $82.83 or 0.00129023 BTC.
• UNUS SED LEO (LEO) traded down 1% against the dollar and now trades at $5.76 or 0.00008974 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 up 2.3% against the dollar and now trades at $0.0190 or 0.00000030 BTC.
• Polymath (POLY) traded up 11.5% against the dollar and now trades at $0.0994 or 0.00000155 BTC.
• Lotto (LOTTO) traded down 2.1% 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.

Dogecoin Coin Profile

Dogecoin (CRYPTO: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 143,963,466,384 coins and its circulating supply is 143,963,486,384 coins. Dogecoin’s official website 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 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 Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dogecoin using one of the exchanges listed above.

DOGE/USD price chart by TradingView