Dogecoin (DOGE) Price Down 5.9% Over Last Week

Dogecoin (DOGE) traded up 2.9% against the US dollar during the 1 day period ending at 20:00 PM E.T. on September 7th. Dogecoin has a market capitalization of $13.88 billion and $408.26 million worth of Dogecoin was traded on exchanges in the last day. In the last seven days, Dogecoin has traded 5.9% lower against the US dollar. One Dogecoin coin can currently be bought for about $0.0952 or 0.00000176 BTC on popular cryptocurrency exchanges.

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

• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $5.48 or 0.00010127 BTC.
• Litecoin (LTC) traded 2.1% lower against the dollar and now trades at $61.94 or 0.00114485 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 14.5% higher against the dollar and now trades at $0.0992 or 0.00000183 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• DEI (DEI) traded down 2.5% against the dollar and now trades at $0.0129 or 0.00000020 BTC.

Dogecoin Profile

Dogecoin (CRYPTO: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 145,864,046,384 coins. 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. 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 currently possible to buy alternative cryptocurrencies such as Dogecoin directly using US dollars. Investors seeking to acquire Dogecoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dogecoin using one of the aforementioned exchanges.

DOGE/USD price chart by TradingView