Dogecoin (DOGE) One Day Volume Hits $1.20 Billion

Dogecoin (DOGE) traded 1.5% lower against the U.S. dollar during the 24-hour period ending at 22:00 PM ET on May 26th. One Dogecoin coin can currently be bought for $0.17 or 0.00000243 BTC on major exchanges. Dogecoin has a total market capitalization of $24.29 billion and $1.20 billion worth of Dogecoin was traded on exchanges in the last day. In the last week, Dogecoin has traded 11% higher against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

  • Litecoin (LTC) traded down 0% against the dollar and now trades at $84.52 or 0.00122259 BTC.
  • UNUS SED LEO (LEO) traded down 0.8% against the dollar and now trades at $5.94 or 0.00008591 BTC.
  • NyanCoin (NYAN) traded 2.2% lower 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 2.6% lower against the dollar and now trades at $0.0166 or 0.00000024 BTC.
  • Polymath (POLY) traded up 13.5% against the dollar and now trades at $0.0831 or 0.00000120 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 Profile

Dogecoin 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 144,456,176,384 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 purchase alternative cryptocurrencies such as Dogecoin directly using U.S. dollars. Investors seeking to trade Dogecoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dogecoin using one of the exchanges listed above.

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