Dogecoin (DOGE) Reaches One Day Trading Volume of $8.23 Billion

Dogecoin (DOGE) traded 29.2% higher against the U.S. dollar during the 24 hour period ending at 23:00 PM Eastern on November 5th. Over the last seven days, Dogecoin has traded 19.9% higher against the U.S. dollar. Dogecoin has a market cap of $30.83 billion and $8.23 billion worth of Dogecoin was traded on exchanges in the last day. One Dogecoin coin can now be purchased for approximately $0.21 or 0.00000281 BTC on exchanges.

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

• UNUS SED LEO (LEO) traded down 0% against the dollar and now trades at $6.05 or 0.00008095 BTC.
• Litecoin (LTC) traded 5.2% higher against the dollar and now trades at $70.07 or 0.00093795 BTC.
• NyanCoin (NYAN) traded down 2.2% 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 up 12.6% against the dollar and now trades at $0.0545 or 0.00000073 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 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 146,673,236,384 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 an open-source, peer-to-peer cryptocurrency launched in December 2013 by Billy Markus and Jackson Palmer. Initially created as a joke based on the “Doge” meme featuring a Shiba Inu named Kabosu, it quickly grew in popularity. Dogecoin runs on a decentralised blockchain, using Proof-of-Work (PoW) and the Scrypt algorithm, making it less energy-intensive than Bitcoin. Its key uses include tipping content creators, donations, and payments for goods and services. The community is known for its charitable initiatives, such as supporting the Jamaican bobsled team and clean water projects. Despite its humorous origins, Dogecoin has developed a strong community and growing ecosystem, with ongoing development by the Dogecoin Core team and governance provided by the Dogecoin Foundation. There is no maximum supply, and miners earn 10,000 DOGE per minute, encouraging frequent usage rather than holding. Dogecoin remains a unique digital asset with widespread community support.”

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 GDAX, Gemini or Coinbase. 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