Litecoin is one of the first open-source altcoins based on the original Bitcoin code. It was initially a strong competitor to the first cryptocurrency. However, as the cryptocurrency market expanded, Litecoin’s popularity gradually declined.
Dogecoin to dollar exchange rate: 24h statistics and general information
DOGE market capitalization
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What is Dogecoin (DOGE)?
Dogecoin (DOGE) is an open-source peer-to-peer decentralized cryptocurrency. The main area of peer-to-peer currencies is considered to be money transfers.
DOGE was launched in December 2013 and is nominally regarded as an altcoin (memcoin). The official logo of Dogecoin is an image of a Shiba Inu dog named Kabosu. Since DOGE is a fork of Litecoin, the core technology of the DOGE blockchain was also borrowed from Litecoin. Notable features of DOGE Dogecoin, which uses the Scrypt algorithm, are its low price and unlimited supply.
Dogecoin (DOGE) creation history
The story of Dogecoin (DOGE) began with Jackson Palmer, a product manager at Adobe Inc. and Billy Marcus, a software developer at IBM.
Palmer and Marcus launched DOGE on December 6, 2013. Within just two weeks, the price had already increased by 300%.
The founders of the DOGE project developed its code based on Luckycoin, a fork of Litecoin. Initially they used a randomized reward for mining DOGE blocks, but in March 2014 it was replaced by a static reward. Dogecoin uses Litecoin’s Scrypt technology and applies proof-of-work (PoW) to its blockchain.
Dogecoin (DOGE) has also become famous due to the stablecoin backing of Elon Musk, who popularized the cryptocurrency in X.
DOGE main features: how to properly mine it?
Dogecoin (DOGE) is based on the Scrypt algorithm, which was first applied to Litecoin. This algorithm differs from others in the high speed of generation of blocks and the absence of any limits on them. Thus, Dogecoin (DOGE) can be mined indefinitely.
You can mine Dogecoin (DOGE) like any other cryptocurrency – alone or by joining a mining pool. You can mine DOGE digital currency on any video card, processor, Windows, Mac or Linux.
Functional application of Dogecoin (DOGE)
Initially, Dogecoin (DOGE) was mainly used on Reddit and Twitter as payment for quality content on the platforms. Dogecoin (DOGE) fan communities also give out coin to discussion participants for being active. The Dogecoin Faucet site gives away DOGE for free to new users to familiarize them with the coin and evaluate its functionality.
Dogecoin to dollar exchange rate, DOGE price, number of coins in circulation and other data
When converting USD/DOGE, it is worth always checking the current cryptocurrency exchange rate. At the moment, the DOGE USD rate is relatively volatile and depends more on social factors and presence in the media field.
You can always check the Dogecoin USD exchange rate in a handy widget on the Coin24 homepage. DOGE USD rate changes can be checked on any platform including CoinMarketCap and CoinGecko and popular exchanges such as Coinbase.
Dogecoin (DOGE) has a market cap of 25.64 billion USD 1 and a daily volume of 1.04 billion USD 1.
FAQ
How to buy DOGE for USD on Coin24?
In order to check the exchange rate of DOGE USD on Coin24, you need to go to the main page of the website and select the fiat currency (USD) you want to exchange for DOGE. If you want to buy DOGE for USD, you will need to select the Cash option from the drop down menu.
Above the ‘You Send’ section, you will see the current Dogecoin (DOGE) USD exchange rate. Keep in mind that the Dogecoin USD exchange rate can change quickly due to the high volatility of the currency.
Then in the ‘You Get’ section, select DOGE. Select your location and click on ‘Buy Now’ to buy the coin for USD.
How do I cash out or buy DOGE for USD?
To cash out or buy DOGE for USD, contact a manager to arrange a meeting at a location convenient for you. If your city is not on the list, discuss with our team possible options to buy ETH for USD or other currency. All transactions are conducted at the current DOGE USD exchange rate.
What payment methods are available to buy and sell DOGE on Coin24?
With us you can easily exchange DOGE using Visa/Mastercard credit and debit cards issued by PrivatBank (Privat24), Monobank, PUMB and other banks.
There are many exchange options on the website, including DOGE USD.
