Dogecoin 24 Hour Trading Volume Hits $1.29 Billion (DOGE)

Dogecoin (DOGE) traded 13.7% lower against the U.S. dollar during the 1-day period ending at 21:00 PM Eastern on July 4th. During the last week, Dogecoin has traded down 18.4% against the U.S. dollar. One Dogecoin coin can currently be purchased for about $0.10 or 0.00000179 BTC on major exchanges. Dogecoin has a total market cap of $14.87 billion and $1.29 billion worth of Dogecoin was traded on exchanges in the last day.

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

• UNUS SED LEO (LEO) traded 1.1% lower against the dollar and now trades at $5.76 or 0.00010024 BTC.
• Litecoin (LTC) traded 12.8% lower against the dollar and now trades at $62.93 or 0.00109534 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 7% higher against the dollar and now trades at $0.0872 or 0.00000152 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.

About Dogecoin

Dogecoin (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 144,983,266,384 coins. Dogecoin’s official Twitter account is @dogecoin and its Facebook page is accessible here. 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.

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 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 GDAX, Changelly 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