Dogecoin (DOGE) Price Down 16.6% Over Last 7 Days

Dogecoin (DOGE) traded down 0.9% against the U.S. dollar during the twenty-four hour period ending at 9:00 AM Eastern on April 17th. Dogecoin has a market capitalization of $21.94 billion and approximately $1.89 billion worth of Dogecoin was traded on exchanges in the last day. In the last week, Dogecoin has traded down 16.6% against the U.S. dollar. One Dogecoin coin can now be bought for $0.15 or 0.00000245 BTC on cryptocurrency exchanges.

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

• Litecoin (LTC) traded 0.8% lower against the dollar and now trades at $77.84 or 0.00125104 BTC.
• UNUS SED LEO (LEO) traded down 0.3% against the dollar and now trades at $5.87 or 0.00009440 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.
• DEI (DEI) traded down 0.8% against the dollar and now trades at $0.0166 or 0.00000027 BTC.
• Polymath (POLY) traded down 17% against the dollar and now trades at $0.0862 or 0.00000137 BTC.
• Lotto (LOTTO) traded 2.1% lower 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 (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 143,922,966,384 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. Dogecoin’s official website 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 possible to buy alternative cryptocurrencies such as Dogecoin directly using U.S. dollars. Investors seeking to trade Dogecoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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