Dogecoin (DOGE) Achieves Market Capitalization of $14.72 Billion

Dogecoin (DOGE) traded up 1.5% against the dollar during the 24 hour period ending at 11:00 AM E.T. on September 12th. Dogecoin has a total market capitalization of $14.72 billion and approximately $465.72 million worth of Dogecoin was traded on exchanges in the last 24 hours. One Dogecoin coin can now be bought for about $0.10 or 0.00000175 BTC on cryptocurrency exchanges. Over the last seven days, Dogecoin has traded up 3.9% against the dollar.

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

• UNUS SED LEO (LEO) traded 4.4% higher against the dollar and now trades at $5.76 or 0.00010001 BTC.
• Litecoin (LTC) traded 1.7% higher against the dollar and now trades at $62.00 or 0.00107587 BTC.
• NyanCoin (NYAN) traded down 2.2% 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.
• Polymath (POLY) traded 23.2% higher against the dollar and now trades at $0.0368 or 0.00000064 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 (CRYPTO: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 145,926,986,384 coins. Dogecoin’s official website is dogecoin.com. 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.

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 trade Dogecoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dogecoin using one of the exchanges listed above.

DOGE/USD price chart by TradingView