Dogecoin (DOGE) Market Cap Reaches $21.67 Billion

Dogecoin (DOGE) traded 3.2% higher against the U.S. dollar during the 1 day period ending at 12:00 PM ET on April 28th. Dogecoin has a market cap of $21.67 billion and $659.22 million worth of Dogecoin was traded on exchanges in the last day. One Dogecoin coin can now be purchased for approximately $0.15 or 0.00000236 BTC on major cryptocurrency exchanges. During the last week, Dogecoin has traded down 4.5% against the U.S. dollar.

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

• Litecoin (LTC) traded 0.6% higher against the dollar and now trades at $84.87 or 0.00133101 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $5.77 or 0.00009056 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 up 0.7% against the dollar and now trades at $0.0189 or 0.00000030 BTC.
• Polymath (POLY) traded up 16.1% against the dollar and now trades at $0.0996 or 0.00000156 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

DOGE is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its genesis date was December 6th, 2013. Dogecoin’s total supply is 144,073,086,384 coins. Dogecoin’s official Twitter account is @dogecoin and its Facebook page is accessible here. 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.

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

DOGE/USD price chart by TradingView