Tag: Dogecoin

DRC20 Tokens Take Dogecoin Community by Storm, Driving Record-Breaking Daily Transactions on the Network

With the BRC20 token economy maintaining a market capitalization of nearly $500 million, the introduction of the DRC20 token standard has sparked a flurry of excitement within the Dogecoin community. The emerging token type has ignited a surge of activity, leading to a substantial increase in daily transactions on the Dogecoin blockchain. Specifically, on Wednesday, May 17, 2023, the network recorded a tally of over 820,000 confirmed transactions so far. Dogecoin’s DRC20 Token Standard Sparks Surge in Daily Transactions After witnessing the success of the Ordinal inscription and BRC20 trend…

Dogecoin daily transactions hit record high, overtaking bitcoin

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Daily transactions for dogecoin, the meme-based cryptocurrency, soared to an all-time high, surpassing bitcoin and litecoin. With a record of 650,000 transactions, dogecoin’s network activity surpassed other major tokens. Dogecoin on-chain activity surges In recent times, there has been a notable surge in on-chain activity within the dogecoin network, which can be primarily attributed to the adoption of the DRC20 token standard. The Dogecoin community embraced the DRC20 standard, leading to a significant increase in activity…

Incoming Twitter CEO, Linda Yaccarino, follows Shiba Inu, Dogecoin

Linda Yaccarino, the new CEO of Twitter, has a surprising connection to Dogecoin, the meme-inspired cryptocurrency championed by her predecessor, Elon Musk. According to her Twitter profile, Yaccarino follows several accounts related to Dogecoin and its spin-off, Shiba Inu (SHIB), including the official accounts of both coins and some of their prominent developers and supporters. Some accounts followed by new Twitter CEO Linda Yaccarino | Source: Twitter Yaccarino, previously the head of advertising at NBCUniversal, was announced as Musk’s replacement on Friday. She has not publicly commented on her views…

What is Pepecoin and can it flip memecoins Dogecoin and Shiba Inu?

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The market valuation of Pepecoin (PEPE) has dropped by 65% as of May 12, a week after its record high of $1.54 billion. Profit-taking appears to be the primary reason behind the extreme price correction, after it rallied from almost nothing to as high as $0.00000372 after its launch on April 14, while emerging as the fastest-growing ERC-20 token in the crypto market’s history. PEPE market cap performance since launch. Source: CoinGecko What is PEPE? Pepecoin captures people’s attention by mimicking features of memecoins, based on popular internet memes. The…

Top Crypto Exchange Binance Rolls Out New Dogecoin (DOGE) Trading Pair As Leading Memecoin Tracks Sideways

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The world’s largest crypto exchange by volume has launched a new trading pair for Dogecoin (DOGE) as the top memecoin continues to consolidate. Binance customers can now swap DOGE with the stablecoin TrueUSD (TUSD). TUSD, which aims to maintain a 1:1 peg to the US dollar, is the fifth-largest stablecoin by market cap. Dogecoin is trading at $0.0806 at time of writing. The ninth-ranked crypto asset by market cap is up 0.25% in the past 24 hours, 2.7% in the past seven days, and more than 7% in the past…

Dogecoin isn’t a security and is unstoppable says executive

In a recent interview with FOX Business, in honor of 4/20, dogecoin (DOGE) day, Marshall Hyner, who has worked with the Dogecoin Foundation since 2013; claims the meme coin cannot be classified as a security.  When asked why the United States Securities and Exchange Commission (SEC) couldn’t go after the meme coin, he said dogecoin is like bitcoin (BTC) and has an active community. Bitcoin is classified as a commodity by the top regulator, including the United States Commodity Futures Trading Commission (CFTC). “As per the Securities Exchange Act, a…

Dogecoin price limps below a key support after Dogeday turns into a sell-the-news event

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Dogecoin suffered a big blow on April 20, popularly known as “Dogeday” thanks to the failed test launch of SpaceX’s Starship rocket and downturn in the broader crypto market.  The SpaceX rocket, which featured the Dogecoin mascot on its side, disintegrated four minutes after its launch. Still, the company’s employees including Elon Musk cheered the failure as they expressed optimism for another test in coming months. The move comes within a fortnight of Musk’s recent stunt when he momentarily changed Twitter’s logo to the Dogecoin mascot. The launch had built…

Shiba Inu and Dogecoin Rival That’s Exploded Over 250% Year-to-Date Gets Listing on Top Crypto Exchange

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A major crypto exchange is listing a meme token rival of Shiba Inu (SHIB) and Dogecoin (DOGE) after exploding by more than 250% this year. According to a new announcement, KuCoin is listing Baby Doge Coin (BABYDOGE) on its trading platform Wednesday with withdrawals enabled the following day. “KuCoin is extremely proud to announce yet another great project coming to our trading platform. Baby Doge (BABYDOGE) will be available on KuCoin. The supported trading pair is BABYDOGE/USDT.” The lesser-known dog-themed meme coin closed 2022 at $0.000000000924 and is currently trading at…