Dogecoin Price Hits $0.11 on Top Exchanges (DOGE)

Dogecoin (DOGE) traded 0.3% lower against the US dollar during the 24 hour period ending at 0:00 AM Eastern on July 10th. One Dogecoin coin can now be bought for approximately $0.11 or 0.00000187 BTC on popular exchanges. Dogecoin has a market cap of $15.55 billion and approximately $555.38 million worth of Dogecoin was traded on exchanges in the last day. In the last week, Dogecoin has traded 7.1% lower against the US dollar.

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

  • UNUS SED LEO (LEO) traded 2.5% lower against the dollar and now trades at $5.69 or 0.00009919 BTC.
  • Litecoin (LTC) traded 2.5% higher against the dollar and now trades at $66.82 or 0.00116433 BTC.
  • NyanCoin (NYAN) traded 2.2% lower 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.
  • Polymath (POLY) traded 4.7% lower against the dollar and now trades at $0.0896 or 0.00000156 BTC.
  • Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.
  • DEI (DEI) traded 2.5% lower against the dollar and now trades at $0.0129 or 0.00000020 BTC.

Dogecoin Coin Profile

Dogecoin (DOGE) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It was first traded on December 6th, 2013. Dogecoin’s total supply is 145,066,356,384 coins. The official website for Dogecoin is dogecoin.com. 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.

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 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 Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dogecoin using one of the aforementioned exchanges.

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