Dogecoin (DOGE) Hits 1-Day Trading Volume of $2.14 Billion

Dogecoin (DOGE) traded down 4.7% against the US dollar during the 1-day period ending at 23:00 PM Eastern on April 18th. In the last seven days, Dogecoin has traded down 28.2% against the US dollar. Dogecoin has a total market cap of $20.30 billion and approximately $2.14 billion worth of Dogecoin was traded on exchanges in the last day. One Dogecoin coin can now be purchased for about $0.14 or 0.00000234 BTC on cryptocurrency exchanges.

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

• Litecoin (LTC) traded down 4.7% against the dollar and now trades at $76.62 or 0.00127082 BTC.
• UNUS SED LEO (LEO) traded down 1.5% against the dollar and now trades at $5.84 or 0.00009681 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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.
• DEI (DEI) traded down 2.8% against the dollar and now trades at $0.0161 or 0.00000027 BTC.
• Polymath (POLY) traded 14.4% lower against the dollar and now trades at $0.0806 or 0.00000134 BTC.
• Lotto (LOTTO) traded down 2.1% 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.

About Dogecoin

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 143,943,376,384 coins. 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. 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.”

Buying and Selling Dogecoin

It is usually not 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