Dogecoin (DOGE) Hits One Day Trading Volume of $465.28 Million

Dogecoin (DOGE) traded down 0.9% against the US dollar during the 1-day period ending at 18:00 PM Eastern on July 1st. One Dogecoin coin can currently be purchased for approximately $0.12 or 0.00000196 BTC on major cryptocurrency exchanges. In the last week, Dogecoin has traded up 4.5% against the US dollar. Dogecoin has a total market cap of $17.89 billion and $465.28 million worth of Dogecoin was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Litecoin (LTC) traded 1.6% lower against the dollar and now trades at $74.29 or 0.00118255 BTC.
• UNUS SED LEO (LEO) traded down 0.9% against the dollar and now trades at $5.78 or 0.00009201 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.
• Polymath (POLY) traded 10.2% lower against the dollar and now trades at $0.11 or 0.00000174 BTC.
• DEI (DEI) traded down 0.7% against the dollar and now trades at $0.0131 or 0.00000021 BTC.
• Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.

Dogecoin Profile

DOGE is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It launched on December 6th, 2013. Dogecoin’s total supply is 144,941,166,384 coins. The official website for Dogecoin 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.”

Dogecoin Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Dogecoin directly using US dollars. Investors seeking to trade Dogecoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. 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