Dogecoin Reaches 24-Hour Volume of $671.80 Million (DOGE)

Dogecoin (DOGE) traded 0.7% higher against the dollar during the 24 hour period ending at 17:00 PM Eastern on June 9th. Dogecoin has a total market capitalization of $21.24 billion and $671.80 million worth of Dogecoin was traded on exchanges in the last 24 hours. One Dogecoin coin can currently be purchased for approximately $0.15 or 0.00000211 BTC on exchanges. In the last week, Dogecoin has traded down 6.2% against the dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Litecoin (LTC) traded up 0.9% against the dollar and now trades at $80.46 or 0.00115441 BTC.
• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $5.82 or 0.00008352 BTC.
• NyanCoin (NYAN) traded down 2.2% 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.
• DEI (DEI) traded up 5.2% against the dollar and now trades at $0.0121 or 0.00000017 BTC.
• Polymath (POLY) traded up 37.7% against the dollar and now trades at $0.0963 or 0.00000138 BTC.
• Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• EAC (EAC) traded flat against the dollar and now trades at $0.0011 or 0.00000004 BTC.

Dogecoin Coin Profile

DOGE 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 144,642,006,384 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 currently possible to buy alternative cryptocurrencies such as Dogecoin directly using US dollars. Investors seeking to trade Dogecoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dogecoin using one of the aforementioned exchanges.

DOGE/USD price chart by TradingView