88 / 100

Dogecoin increases as Dogechain becomes popular 22 among retail cryptocurrency traders

A bridge that enables traders to convert dogecoin (DOGE) to weighed dogecoin (wDOGE) and allows them to use tokens, non-fungible tokens (NFT), and goods built on the network, Dogechain, has seen retail interest this week, which has driven up the price of dogecoin.

According to development docs, Dogechain is built on Polygon Edge, allowing the project to launch a new blockchain network while maintaining full compatibility with Ethereum smart contracts and transactions.

In the last day, DOGE values increased by about 10% despite the general crypto market being fairly unchanged. Data from CoinGecko reveals that this contributed to a 25% spike over the previous week and is currently encountering resistance at the $0.088 price level.

User demand for DOGE tokens, which are required to cross over to Dogechain, has contributed to some price volatility in dogecoin. Dogechain, which describes itself as a layer 2 for dogecoin, accepts dogecoin as payment for network fees and as the platform’s primary trading asset.

According to its website, Dogechain increases

will also airdrop its own DC currency to platform users. Developers announced that “the dogechain team is getting ready to airdrop millions of $DC tokens to the Dogecoin community.” As of the time of writing, CoinDesk had not responded to requests for comment.

According to some Crypto Twitter users, users who bridge their Dogecoin to Dogechain will receive the airdrop. As a result, there is now more immediate demand for dogecoin.

Dogecoin increases as Dogechain becomes popular 22 among retail cryptocurrency traders

Retail traders who wager on the short-term price changes of the dog-themed tokens, many of which have “doge” or “shib” in their names, are raking money into the Dogechain bridge. But the majority of these tokens lack any real-world applications and are just speculative.

Since its inception earlier this week, $4.6 million in value has been locked on Dogechain-based items, according to data from on-chain trackers. The research reveals that over 97% of that is locked on just DogeSwap, a Dogechain-based exchange.

Developers of the Dogechain network reported on Wednesday that since the network’s launch earlier this week, there have been over 480,000 unique transactions and about 58,000 native wallets.

According to some Crypto Twitter users, users who bridge their Dogecoin to Dogechain will receive the airdrop. As a result, there is now more immediate demand for dogecoin.

Retail traders who wager on the short-term price changes of the dog-themed tokens, many of which have “doge” or “shib” in their names, are raking money into the Dogechain bridge. But the majority of these tokens lack any real-world applications and are just speculative.

Since its inception earlier this week, $4.6 million in value has been locked on Dogechain-based items, according to data from on-chain trackers. The research reveals that over 97% of that is locked on just DogeSwap, a Dogechain-based exchange.

Developers of the Dogechain network reported on Wednesday that since the network’s launch earlier this week, there have been over 480,000 unique transactions and about 58,000 native wallets.

According to some Crypto Twitter users, users who bridge their Dogecoin to Dogechain will receive the airdrop. As a result, there is now more immediate demand for dogecoin.

Dogecoin increases as Dogechain becomes popular 22 among retail cryptocurrency traders

Retail traders who wager on the short-term price changes of the dog-themed tokens, many of which have “doge” or “shib” in their names, are raking money into the Dogechain bridge. But the majority of these tokens lack any real-world applications and are just speculative.

Dogecoin increases

Since its inception earlier this week, $4.6 million in value has been locked on Dogechain-based items, according to data from on-chain trackers. The research reveals that over 97% of that is locked on just DogeSwap, a Dogechain increases -based exchange.

Dogecoin increases

Developers of the Dogechain network reported on Wednesday that since the network’s launch earlier this week, there have been over 480,000 unique transactions and about 58,000 native wallets.

Developers of the Dogechain network reported on Wednesday that since the network’s launch earlier this week, there have been over 480,000 unique transactions and about 58,000 native wallets.

Dogecoin increases

Dogecoin increases