Dogecoin (DOGE) Reaches Market Capitalization of $23.37 Billion

Dogecoin (DOGE) traded 2.4% higher against the US dollar during the 24 hour period ending at 12:00 PM Eastern on April 23rd. Dogecoin has a market cap of $23.37 billion and approximately $1.09 billion worth of Dogecoin was traded on exchanges in the last 24 hours. One Dogecoin coin can currently be bought for $0.16 or 0.00000243 BTC on cryptocurrency exchanges. Over the last week, Dogecoin has traded up 9.2% against the US dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Litecoin (LTC) traded up 0.1% against the dollar and now trades at $84.98 or 0.00127455 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $5.76 or 0.00008640 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.
• DEI (DEI) traded down 0.8% against the dollar and now trades at $0.0197 or 0.00000030 BTC.
• Polymath (POLY) traded 4.3% lower against the dollar and now trades at $0.10 or 0.00000157 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 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 144,004,126,384 coins. 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. 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.”

Dogecoin Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Dogecoin directly using U.S. dollars. Investors seeking to acquire Dogecoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dogecoin using one of the exchanges listed above.

DOGE/USD price chart by TradingView