Dogecoin Reaches Market Capitalization of $19.79 Billion (DOGE)

Dogecoin (DOGE) traded 0.1% lower against the dollar during the 24-hour period ending at 11:00 AM E.T. on June 16th. Dogecoin has a total market capitalization of $19.79 billion and approximately $377.59 million worth of Dogecoin was traded on exchanges in the last 24 hours. During the last week, Dogecoin has traded 6.9% lower against the dollar. One Dogecoin coin can now be bought for about $0.14 or 0.00000205 BTC on major exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Litecoin (LTC) traded up 0.5% against the dollar and now trades at $79.01 or 0.00118667 BTC.
• UNUS SED LEO (LEO) traded up 0.7% against the dollar and now trades at $5.78 or 0.00008681 BTC.
• NyanCoin (NYAN) traded down 2.2% 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 30.5% higher against the dollar and now trades at $0.13 or 0.00000189 BTC.
• DEI (DEI) traded 1.1% higher against the dollar and now trades at $0.0115 or 0.00000017 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.

Dogecoin Coin Profile

Dogecoin (CRYPTO:DOGE) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It launched on December 6th, 2013. Dogecoin’s total supply is 144,734,366,384 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 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 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 aforementioned exchanges.

DOGE/USD price chart by TradingView