Beyond Dogethereum Hype: Where is Dogecoin (DOGE) Headed?
The crypto-sphere circles has been awash with the news of how the amazing less serious digital coin, Dogecoin (DOGE) has managed to hit the headlines after a dry media mention spell. Not many crypto enthusiasts and investors were expecting the surprise DOGE price surge in a market dogged unpredictable volatility.
The price mooning has come with good publicity that has taken the coin up the visibility ladder in less than two months. The price surge has seen the DOGE holder smile while digital asset analysts had a hard time to explain the sudden interest with many doubting whether a simple crypto-bridge can have such impact.
Dogecoin and Ethereum Convenience Marriage
Meet Dogethereum , the monster that has brought Dogecoin to the limelight. To bring you up-to-speed, Dogethereum is a simple bridge between the dApp maestro, Ethereum and the less serious Dogecoin. The blockchain link however, has serious implications in the industry as it makes inter-chain communication easy.
However, the noble project has seen the coin catch the attention of many and sections within the market felt it is just another pump and dump.
However, the Dogecoin ecosystem has no room for speculators given that the more the coin is mined, the more value it becomes since mining is tied to scarcity. The value of DOGE is not likely to be swayed by speculation and the Dogethereum hype appears to usher in new prospects for the platform.
Dogecoin Gets Yahoo Finance Back
Not many expected Dogecoin to pull another surprise soon and Yahoo Finance was the unlikely quarter to show support for the coin. The announcement that they are adding DOGE on their portfolio is a huge boost for the coins usability and paving way to its use cases in the market.
This will see DOGE utilize the TradeIt iOS enabled facilities to trade alongside LTC, BTC and ETH.
Dogecoin is Litecoin fork and they share a lot in their architecture and this could have been the basis that Yahoo put its weight behind it. Like Litecoin, DOGE is light weight and can be easily integrated with other third parties and services.
Yahoo Finance recently released its IOS trading append this will go a long way to boost the DOGE visibility and credibility in the eyes of investors and adorers.
Plans are underway for the Yahoo platform to add Android and Desktop version and this will provide additional channel for DOGE.
Dogecoin at the Right Place at the Right Time
Since March, no much development has been going on behind the scenes. The Dogethereum Bridge is the only major projects and it has changed the face of the coin in less than two months. The hype might be ebbing away but it appears to have had a positive impact on DOGE value and price.
It appears like the DOGE holder celebrations are not ending soon as the coin still continues to trade on the double digit zone.
The spike is easing off with the current price standing at $0.005375 USD after gaining 13.60% against the USD and 12.
89% to the BTC.
With the two new projects running, the coin has come back to live and adoption should be the next goal. The platform has a lot of potential and the supportive community has once again demonstrated their support for the developer team.
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.