Dogecoin (DOGE) One Day Trading Volume Tops $660.16 Million

Dogecoin (DOGE) traded 5.8% higher against the dollar during the one day period ending at 0:00 AM ET on September 9th. One Dogecoin coin can now be purchased for approximately $0.10 or 0.00000182 BTC on major cryptocurrency exchanges. Dogecoin has a market capitalization of $14.98 billion and approximately $660.16 million worth of Dogecoin was traded on exchanges in the last day. In the last seven days, Dogecoin has traded up 3.1% against the dollar.

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

• UNUS SED LEO (LEO) traded 3.9% higher against the dollar and now trades at $5.61 or 0.00009927 BTC.
• Litecoin (LTC) traded up 0.5% against the dollar and now trades at $60.69 or 0.00107308 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 up 5% against the dollar and now trades at $0.0904 or 0.00000160 BTC.
• Lotto (LOTTO) traded down 2.1% 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.

Dogecoin Coin Profile

Dogecoin 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 145,893,466,384 coins. Dogecoin’s official Twitter account is @dogecoin and its Facebook page is accessible here. 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.

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 Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dogecoin using one of the exchanges listed above.

DOGE/USD price chart by TradingView