Dogecoin Market Capitalization Tops $18.16 Billion (DOGE)

Dogecoin (DOGE) traded 2.2% lower against the U.S. dollar during the 1-day period ending at 20:00 PM ET on July 25th. During the last seven days, Dogecoin has traded 4.5% higher against the U.S. dollar. One Dogecoin coin can now be purchased for $0.13 or 0.00000190 BTC on major cryptocurrency exchanges. Dogecoin has a total market capitalization of $18.16 billion and $970.22 million worth of Dogecoin was traded on exchanges in the last day.

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

• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $5.87 or 0.00008935 BTC.
• Litecoin (LTC) traded down 3.3% against the dollar and now trades at $68.78 or 0.00104678 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 down 24.6% against the dollar and now trades at $0.0872 or 0.00000133 BTC.
• Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• DEI (DEI) traded down 2.5% 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 145,266,696,384 coins. Dogecoin’s official Twitter account is @dogecoin and its Facebook page is accessible here. 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.

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 currently possible to buy alternative cryptocurrencies such as Dogecoin directly using U.S. dollars. Investors seeking to acquire Dogecoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dogecoin using one of the exchanges listed above.

DOGE/USD price chart by TradingView