Dogecoin Price Reaches $0.16 on Exchanges (DOGE)

Dogecoin (DOGE) traded 4.2% lower against the US dollar during the 24-hour period ending at 22:00 PM E.T. on May 6th. One Dogecoin coin can currently be purchased for $0.16 or 0.00000247 BTC on popular cryptocurrency exchanges. During the last week, Dogecoin has traded 10.5% higher against the US dollar. Dogecoin has a total market cap of $22.71 billion and approximately $1.70 billion worth of Dogecoin was traded on exchanges in the last 24 hours.

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

• Litecoin (LTC) traded down 0% against the dollar and now trades at $81.35 or 0.00127492 BTC.
• UNUS SED LEO (LEO) traded down 1% against the dollar and now trades at $5.80 or 0.00009084 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 1.6% lower against the dollar and now trades at $0.0189 or 0.00000030 BTC.
• Polymath (POLY) traded down 13.2% against the dollar and now trades at $0.0797 or 0.00000125 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 (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 144,186,316,384 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 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 Coinbase, Gemini or Changelly. 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