Dogecoin (DOGE) Price Reaches $0.12 on Exchanges

Dogecoin (DOGE) traded down 3.3% against the dollar during the 24-hour period ending at 10:00 AM ET on October 17th. Dogecoin has a total market cap of $17.83 billion and approximately $1.54 billion worth of Dogecoin was traded on exchanges in the last day. Over the last week, Dogecoin has traded 15.6% higher against the dollar. One Dogecoin coin can currently be purchased for about $0.12 or 0.00000181 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last day:

• UNUS SED LEO (LEO) traded 0.3% lower against the dollar and now trades at $6.11 or 0.00009100 BTC.
• Litecoin (LTC) traded up 1.9% against the dollar and now trades at $71.86 or 0.00107078 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 9.8% lower against the dollar and now trades at $0.0612 or 0.00000091 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.

About Dogecoin

Dogecoin (CRYPTO: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 146,404,496,384 coins. 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. The official website for Dogecoin is dogecoin.com.

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 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