Featured image from Phemex, chart from TradingView. Dogecoin trades at $0.216 at the time of writing. The price has risen 6% in the past 24 hours as trading volume picked up with the opening of the weekend. When you want to transfer crypto assets from one chain, like Ethereum, to another chain, such as Solana, crypto bridges will hold your coins from the first. Currently sitting at 10th position, Doge’s market cap now sits at $28 billion. Although the weekend may yet hold some good tidings for the digital asset as it climbs back above $0.21.ĭoge recovers above $0.2 | Source: DOGEUSD on ĭeclining prices have put Dogecoin on the brink of falling out of the top 10 crypto coins by market cap. The price fluctuated between holding the $0.2 price level and falling below it, hitting month-lows. Recent Price MovementsĪs the week draws to a close, Dogecoin has seen some significant uptick in price after enduring a week of low momentum.
Seeing this, the CEO said that the theater chain was going to look into ways to integrate Dogecoin payments for tickets and concessions. The Dallas Mavericks have been accepting Doge payments for about eight months now, and most recently, Adam Aron, CEO of entertainment giant AMC Theaters, carried out a poll on Twitter which saw the overwhelming majority picking Doge payments to be added to its crypto payment options. Earlier this month, AMC announced that it would take Bitcoin and other cryptocurrencies for online payments, but left Dogecoin out of the mix.Related Reading | ‘Dogecoin Millionaire’ Reveals He’s Still Holding On To DOGE Despite Losses This is more in the hands of the Dogecoin Core developers, who are more working towards Dogecoin 1.21.
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"And we're taking advice from him on what that would look like."Īdam Aron, CEO of movie theater chain AMC, is also open to seeing Dogecoin used for payments. Tesla CEO Elon Musk said he agrees with Ethereum co-founder Vitalik Buterin about the collaboration between Dogecoin and Ethereum. "Elon obviously has a background in payment processing," Dogecoin dev Ross Nicoll told Decrypt. He’s also been advising Dogecoin developers with a view to making the cryptocurrency cheap and easy enough to use for everyday purchases like buying a cup of coffee. Throughout the year, Musk has been one of Dogecoin’s biggest advocates, and his tweets have frequently sent Dogecoin’s price soaring. In May, Musk said that Dogecoin could “hands down” beat Bitcoin if it sped up its block time and block size by 10x-as well as decreasing fees by 100x. The upcoming fee reduction and Dogecoin-Ethereum bridge are the two key upgrades in the DOGE ecosystem. Since January 1, 2021, the price of Dogecoin has increased from $0.004 to its current price of $0.20.Īlong the way, Dogecoin peaked at a price of $0.68, helped along by the enthusiastic endorsement of Tesla CEO Elon Musk. Analysts predict a 500-1000 rally in DOGE price if it trades above 0.24.
The Shiba Inu-themed cryptocurrency has had a net-positive year to date.
Markus is not the only one who is pushing for greater Dogecoin adoption. “NFTs purchasing is high demand with crypto,” Markus added, noting that enabling the use of Dogecoin for non-fungible token ( NFT) purchases “greatly increases its utility.” Dogecoin believers Allowing for DOGE purchases of NFTs greatly increases its utility. NFTs purchasing is high demand with crypto. Opensea) allowing for the DOGE-ETH token to be used for purchases Dogethereum Bridge : the goal of this project was to link DOGE to ETH to. Two things I believe would help Dogecoin:Ģ) NFT platforms (e.g. In 2021, the highest returns in the digital assets market have come not from.
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