Dogecoin Price Down 4.5% Over Last Week (DOGE)

Dogecoin (DOGE) traded up 3.2% against the U.S. dollar during the twenty-four hour period ending at 12:00 PM E.T. on April 28th. One Dogecoin coin can currently be bought for $0.15 or 0.00000236 BTC on popular cryptocurrency exchanges. Dogecoin has a market capitalization of $21.67 billion and approximately $659.22 million worth of Dogecoin was traded on exchanges in the last 24 hours. Over the last week, Dogecoin has traded 4.5% lower against the U.S. dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Litecoin (LTC) traded up 0.6% against the dollar and now trades at $84.87 or 0.00133101 BTC.
• UNUS SED LEO (LEO) traded 0.6% lower against the dollar and now trades at $5.77 or 0.00009056 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 0.7% higher against the dollar and now trades at $0.0189 or 0.00000030 BTC.
• Polymath (POLY) traded 16.1% higher against the dollar and now trades at $0.0996 or 0.00000156 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.

Dogecoin Profile

Dogecoin is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It launched on December 6th, 2013. Dogecoin’s total supply is 144,073,086,384 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.”

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dogecoin using one of the aforementioned exchanges.

DOGE/USD price chart by TradingView