Staying Up to Date With the Latest Dogecoin (DOGE) Updates
Dogecoin has been one of the best coins in the crypto industry that made waves in 2021. Aside from the adorable Shiba Inu mascot, the coin has also given good service to its users over the years, and this is why many people are always looking to its latest updates.
While Bitcoin is still the alpha among all crypto, it cannot be denied that Dogecoin continues to grind its way to the top of the chain. This coin has been consistent at most and the services it can offer have been better than ever. Dogecoin was built and designed by Billy Markus, and he hoped to actually create a fun crypto that could reach a wider audience demographic than Bitcoin could. He wants it to distance itself far from the issues with other cryptos.
After having several mentions on a social media site, Jackson Palmer was a member of Adobe Systems’ marketing department in Sydney who made Dogecoin a reality. He purchased the domain dogecoin.com and added a splash screen that would go on to be the best way to market it. That even led to the rise of the coin and some even use Dogecoin now on Bitcasino as well.
Markus based Dogecoin from a lowly crypto known as Luckycoin. You could note that it has a random reward system for mining a block and that would later be replaced by a static block reward in March 2014.
When it first launched, Dogecoin eclipsed 300% in value over 72 hours, which was around $0.00026 to $0.00095. This growth came back when Bitcoin and other cryptos were dealing with the problem from China’s call to not allow their banks to invest in the Bitcoin economy.
Here are some of the latest updates for the ‘memecoin’ that everybody loves:
Dogecoin Core 1.14.5
Dogecoin might just become a more popular and mainstream mode of payment than it ever was. Most people expect it to speed up the block time by 10x and the size by the same number as well. Drop fees should also be dropped by at least 100x. All of those are set to be a real deal as soon as the update comes into play.
This upgrade is set to put a big focus on the most criticised aspect for DOGE. This new update is going to reduce overall transaction fees as well as give some incentives for node operators, which will relay low-fee transactions to miners. As per the GitHub updates, the block inclusion fee will now be set at 0.01 DOGE, which is around $0.002 per kilobyte in the core wallet itself.
This shows a lot of promise for the coin in the long run. It may take some time for the altcoin to lift off on the price charts but seeing these numbers makes it worth it.
DOGE is on the verge of a bullish breakout
DOGE has been in a slow pace for higher trends in the past few weeks, and the buy-side volume continues to pick up speed. Bitcoin’s move to hit a new all-time high gave a better look on the trend for the rest of 2021.
The spillover effect by Bitcoin’s new all-time high leads to a huge breakout at $0.35, and this should be the third chance for this pivotal trend by DOGE. When the coin can get to this level, there is a lot to expect in the second wave of uptrend of at least $0.45.
There is still some resistance from the 200-day Simple Moving Average at $0.29, which means that the DOGE price might be holding back for now. The crypto tailwinds and the spillover should work well to open the road and push DOGE beyond the 200-day SMA. A third retest should at least break at $0.35 if the coin keeps the same level it had since June with Dogecoin now on Bitcasino and other online casino sites.
Bulls are going to pick up the DOGE price at $0.25 within 55 days of SMA at $0.24 support if the pivot does not hold. That discount should bring more buyers to the trade, which can spike up the value to at least $0.35. This is why bulls must be aware of short-term profit moves with the price spike moving at least $0.45, at $0.35 and $0.44 in the coming month.
Back to the list