Dogecoin price (DOGE) has fallen by 1.80%, currently trading at $0.068826 US Dollars. CoinMarketCap has named DOGE the number 10 cryptocurrency.ThThe largest coin according to market capitalization.
Dogecoin currently has a market capitalization of $9,131.190.072 USD and a 24 hour trading volume at $494.541,797 US. A total supply of the popular meme coin, Dogecoin, currently stands at 132.670.764,300 DOGE Coins.
Experts and crypto analysts are watching Dogecoin as a potential way to break the $0.0788 mark.
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Dogecoin developers to launch a new update
Dogecoin developers released their latest update, which will improve efficiency, performance and security.
The dust limits were also reduced from 1 to 0.01 DOGE. The new update or fee mechanism in place also aims to further decentralize the meme coin’s network.
On July 21st, 2022 the new update and the release or upgrade to the fee mechanism were launched. Many security and new features were included in the update. To avoid memory congestion, addnodes were also limited to 800.
A new minor version upgrade is also available. This includes security updates as well as fixes to improve the performance and reliability of the network. All Dogecoin Core users including miners and wallet users are encouraged to upgrade.
Source: TradingView.com| Source: TradingView.com
Dogeverse Memes: Keeping the Energy up
Dogeverse has also been infected with memes, which increased network activity. The network has processed over 80,000 transactions in 24 hours. Investors have also expressed great excitement at the new memes.
The MyDoge wallet is another exciting addition to the Dogecoin meme currency. It is DOGE-based and allows users to send DOGE tips directly to creators.
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Analysts believe DOGE will break the $0.078 mark. This is what all signals expect to see. The meme coin could plunge as high as 60% if DOGE does not break the $0.078 mark. This is an extremely painful situation.
The DOGE insights are steadily growing over the past 3 months, following its largest decline in December 2021. DOGE’s MDIA value has also plunged by more than 21.6% in just three days.