Dogecoin (DOGE) 24 Hour Trading Volume Reaches $762.40 Million

Dogecoin (DOGE) traded 3.8% lower against the US dollar during the 24-hour period ending at 16:00 PM E.T. on October 10th. One Dogecoin coin can now be bought for about $0.10 or 0.00000176 BTC on cryptocurrency exchanges. During the last seven days, Dogecoin has traded up 0.3% against the US dollar. Dogecoin has a total market capitalization of $15.28 billion and $762.40 million worth of Dogecoin was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

• UNUS SED LEO (LEO) traded down 4.2% against the dollar and now trades at $5.94 or 0.00009989 BTC.
• Litecoin (LTC) traded 1.6% lower against the dollar and now trades at $63.95 or 0.00107479 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 3% lower against the dollar and now trades at $0.0771 or 0.00000130 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• DEI (DEI) traded down 2.5% against the dollar and now trades at $0.0129 or 0.00000020 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 146,311,916,384 coins. 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. Dogecoin’s official Twitter account is @dogecoin and its Facebook page is accessible 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.”

Dogecoin Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Dogecoin directly using U.S. dollars. Investors seeking to trade Dogecoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. 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