Because of recent development news, the popular meme coin Doge showed a significant increment in its price.
Dogecoin is a popular meme coin, which grabbed huge traction in the crypto industry in 2020 because of the support of Tesla CEO Elon Musk. Elon supports the Dogecoin project as a leading choice because he believes that Dogecoin will be the best crypto asset in the future to use in payment systems.
Recently a Dogecoin foundation director, Timothy Stebbing, tweeted about a new protocol development work, which seeks to bring huge adoption & use cases of the Dogecoin network.
Indeed, Stebbing tweeted in response to a Dogecoin developer Shafil Alam, who revealed that he has compiled Libdogecoin for iOS and Android mobile phones.
In short, this latest development effort will provide several ways to create more mobile applications for the Dogecoin network.
Dogecoin price action
At present, the majority of the crypto assets are down by a few small percentages but it is only a dogecoin, which is at a net gain of more than 9% over the last 24 hours’ trade volume.
The current price of Dogecoin is $0.084 and this price is 22.6% high over the last 7 days’ trade price.
Here we can’t say with 100% surity that the tweet by Dogecoin foundation director worked as a catalyst or not to pump Doge price but here we can admit that Dogecoin is standing at that level where no one crypto project is because Dogecoin is not working to bring the smart contracts into its ecosystem, instead working to bring unique use cases.
Reportedly, Developers are working on internet-less technology, RadioDoge, to allow people to transfer & trade Dogecoin without any use of an internet connection.
Read also: Revolut secures regulatory approval to provide crypto services
Credit: Source link
