Dogecoin Price Hits $0.0712 (DOGE)

Dogecoin (DOGE) traded 0.6% higher against the U.S. dollar during the one day period ending at 16:00 PM Eastern on May 26th. Dogecoin has a market cap of $9.93 billion and $163.87 million worth of Dogecoin was traded on exchanges in the last 24 hours. In the last seven days, Dogecoin has traded 3.4% lower against the U.S. dollar. One Dogecoin coin can now be purchased for $0.0712 or 0.00000266 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Litecoin (LTC) traded up 3.3% against the dollar and now trades at $87.88 or 0.00328181 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $3.55 or 0.00013268 BTC.
• DEI (DEI) traded 0.4% lower against the dollar and now trades at $0.20 or 0.00000746 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.
• Polymath (POLY) traded down 1.7% against the dollar and now trades at $0.17 or 0.00000637 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• EAC (EAC) traded 0.1% higher against the dollar and now trades at $0.0030 or 0.00000011 BTC.

Dogecoin 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 139,509,206,384 coins. The official website for Dogecoin 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 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 purchase alternative cryptocurrencies such as Dogecoin directly using US dollars. Investors seeking to acquire Dogecoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dogecoin using one of the aforementioned exchanges.

DOGE/USD price chart by TradingView