Dogecoin Trading Up 20.9% Over Last 7 Days (DOGE)

Dogecoin (DOGE) traded down 3.5% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM Eastern on May 8th. One Dogecoin coin can now be bought for $0.15 or 0.00000240 BTC on cryptocurrency exchanges. In the last week, Dogecoin has traded up 20.9% against the U.S. dollar. Dogecoin has a market capitalization of $21.60 billion and approximately $1.12 billion worth of Dogecoin was traded on exchanges in the last day.

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

• Litecoin (LTC) traded 0% lower against the dollar and now trades at $81.70 or 0.00130630 BTC.
• UNUS SED LEO (LEO) traded up 0.7% against the dollar and now trades at $5.91 or 0.00009445 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 4.6% against the dollar and now trades at $0.0176 or 0.00000028 BTC.
• Polymath (POLY) traded up 17.7% against the dollar and now trades at $0.0982 or 0.00000157 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 144,206,696,384 coins. Dogecoin’s official website is dogecoin.com. Dogecoin’s official Twitter account is @dogecoin and its Facebook page is accessible here. 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 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