The once undervalued Dogecoin (DOGE) continues to surprise many while others are now taking it seriously and adopting it. It is no surprise that the coin has built its own unique community that has grown the DOGE market cap to hit $422.9milliom which is a huge growth from $60million in January 2014.
When the coin was launched, crypto enthusiasts dismissed it as a non starter but as things stand five years later, everyone seems to be after DOGE. After undertaking the Ethereum chain swap project, the platform seems to have hit the right spot to spur its growth. Below are some secrets that have seen renewed interest and growth in price and value.
Dogecoin Transaction Speeds
As much as Dogecoin is still in the beta stage, it offers fast transactions speed to those of Ethereum Classic. By Mid June this year a comparative study shows that the ecosyste beat ETC by a ratio of 3:1 that translates to 38,400 transactions against 12,700. Clearly this means that modern consumers are focused more on the transaction speed before considering other value propositions.
Dogecoin (DOGE) user are still expecting the earlier promised hard fork and a split would mean the original Dogecoin will remain stable while the new to be created blockchain, Dogethereum will start from scratch. AS much the upcoming breakout might split the community down the middle, DOGE market inroads will hold more than the new market entrant and that’s why holding on to DOGE appears viable.
Robinhood Adds Dogecoin (DOGE) on its App
By Robinhood throwing its weight behind Dogecoin (DOGE), a very positive message is being conveyed to the prospective investor; the coin is on its way up. The coin is already donning a different mask away from the playful crypto-take. Dogecoin is becoming a serious player in rewarding of worthwhile online content as well as boosting charities through donations.
Robinhood is a mobile supported trading app that gives users access to real time market performance without compromising on its accuracy. The fun part about the addition is that DOGE will join key market players including LTC, BTC, BTC and ETH on the app. This is an ideal marriage with an expanding brokerage network.
Dogecoin has been rising steadily and the mobile application has injected more traction that will see the coin price surge and hold steady during its revival phase. Since the deal was made public, DOGE has gained over 34% in market cap that has seen it move to 34 position in value.
Dogecoin (DOGE) Market Movement in 24 Hours
Two days ago, DOGE was ranked 38th and has since moved three levels higher to 34th position. This is as a result of the Robinnson boost and the media coverage the coin has been getting lately. At the time of filing this report, the DOGE coin was trading at $0.003753 after gaining 6.08% and 4.47% to the dollar and Bitcoin respectively in a span of 24 hours.
Dogecoin (DOGE) is among the most popular coins and has been listed in more than 72 exchanges and this makes the coin available to more users than mainstream digital assets. This choice of route to market gives the coin the global exposure it deserves at a time when it is repositioning for mass adoption.