Dogecoin Fundamentals Appeared Up As Replace From Elon Musk Touts – Yahoo Finance

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The Dogecoin community has had a lot to celebrate lately. Doge is hovering near the $ 0.30 mark in early September after rising 35% last month. Now that the Dogecoin team has released its latest update, fundamentals could be driving the price of this meme coin more than usual.

The Twitter account “Dogecoin Developers” announced version 1.14.4 for all users, especially for miners. According to Billy Markus, co-founder of Dogecoin, the most useful thing for miners to download the update as they are the ones who “put transactions in the blocks they mine”.

Update details

It’s a minor update, but it introduces several improvements to the cryptocurrency. According to Dogecoin Twitter account, these improvements include:

  • Facilitating lower fees that make it more attractive to users.

  • Up to 2.5 times the synchronization time for faster transactions.

  • “RPC ‘getpeerinfo’ improvements”

  • “GUI options for adding peers and importing private keys as well as visibility of the peer traffic”

  • Better security

Elon Musk, CEO of Tesla, who is working with Dogecoin developers to improve “transaction efficiency”, welcomed the progress.

Mainstream adoption

The Dogecoin community is never outdone by Bitcoin and wants to jump on the Twitter bandwagon for payments. Twitter is reportedly in the process of adding bitcoin payments to its Tip Jar feature, which has the potential to catapult the largest cryptocurrency further into the mainstream. Dogecoin investors want to get on Twitter CEO Jack Dorsey’s radar and include their favorite meme coin too.

Not a word whether Dorsey, a well-known Bitcoin bull, will budge. However, there is no question that cryptocurrencies are approaching widespread adoption.

The famous actress Reese Witherspoon recently announced on Twitter that she “just bought her first ETH”. Her tweet drew tens of thousands of likes and thousands of comments, mostly from the cryptocurrency community, welcomed her to the party and wanted to know if she owned Bitcoin.

The story goes on

Witherspoon bought Ethereum because the second largest cryptocurrency was on a bull run, largely thanks to the popularity of non-fungible tokens (NFTs) and the rise of DeFi. Incidentally, an NFT from Doge, the Dogecoin mascot, a Shiba Inu dog breed, was sold as an NFT for $ 4 million.

This article was originally published on FX Empire

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