Dogecoin Trading 9.8% Lower This Week (DOGE)

Dogecoin (DOGE) traded 1.9% lower against the US dollar during the 24-hour period ending at 7:00 AM ET on January 20th. Dogecoin has a total market cap of $21.11 billion and $1.04 billion worth of Dogecoin was traded on exchanges in the last day. One Dogecoin coin can now be purchased for $0.13 or 0.00000138 BTC on major exchanges. During the last week, Dogecoin has traded down 9.8% against the US dollar.

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

• UNUS SED LEO (LEO) traded down 3.4% against the dollar and now trades at $8.70 or 0.00009547 BTC.
• Litecoin (LTC) traded down 1.2% against the dollar and now trades at $69.44 or 0.00076165 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 up 70.4% against the dollar and now trades at $0.0436 or 0.00000048 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 Profile

Dogecoin (CRYPTO:DOGE) 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 168,394,813,127 coins. 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. Dogecoin’s official Twitter account is @dogecoin and its Facebook page is accessible here.

According to CryptoCompare, “Dogecoin (DOGE) is an open-source, peer-to-peer cryptocurrency launched in December 2013 by Billy Markus and Jackson Palmer. Initially created as a joke based on the “Doge” meme featuring a Shiba Inu named Kabosu, it quickly grew in popularity. Dogecoin runs on a decentralised blockchain, using Proof-of-Work (PoW) and the Scrypt algorithm, making it less energy-intensive than Bitcoin. Its key uses include tipping content creators, donations, and payments for goods and services. The community is known for its charitable initiatives, such as supporting the Jamaican bobsled team and clean water projects. Despite its humorous origins, Dogecoin has developed a strong community and growing ecosystem, with ongoing development by the Dogecoin Core team and governance provided by the Dogecoin Foundation. There is no maximum supply, and miners earn 10,000 DOGE per minute, encouraging frequent usage rather than holding. Dogecoin remains a unique digital asset with widespread community support.”

Buying and Selling Dogecoin

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