Dogecoin (DOGE) Price Hits $0.10

Dogecoin (DOGE) traded down 1.7% against the US dollar during the 1 day period ending at 16:00 PM Eastern on August 4th. One Dogecoin coin can now be purchased for approximately $0.10 or 0.00000177 BTC on major cryptocurrency exchanges. In the last seven days, Dogecoin has traded 19.3% lower against the US dollar. Dogecoin has a total market cap of $15.26 billion and approximately $828.48 million worth of Dogecoin was traded on exchanges in the last 24 hours.

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

• UNUS SED LEO (LEO) traded down 0.3% against the dollar and now trades at $5.66 or 0.00009563 BTC.
• Litecoin (LTC) traded 0.4% higher against the dollar and now trades at $63.44 or 0.00107270 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 24.4% higher against the dollar and now trades at $0.0895 or 0.00000151 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. Its genesis date was December 6th, 2013. Dogecoin’s total supply is 145,398,816,384 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 currently possible to buy alternative cryptocurrencies such as Dogecoin directly using U.S. dollars. Investors seeking to acquire Dogecoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. 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