It has been smooth running for Dogecoin (DOGE) in the month of August and the performance is not about to change. The last two days have seen Bitcoin slump from $7,300 to $6,400 with DOGE critics thought the coin will not hold. The coin has surprised many and the resilience could push the meme coin to the top 20 valuable coins in the market.
The revelation that Dogecoin and Ethereum are working together to create a blockchain bridge christened Dogethereum; DOGE has become very popular and appears to defy the Bitcoin ripple effect. The little known coin has managed to cushion the market crash and was among the first coins to get back to the green trading zone.
Dogecoin (DOGE) as a Payment option on Amazon
With the DOGE stellar performance and the upcoming Bridge, Change.org is fronting for the coin to be accepted a mode of payment on Amazon (NASDAQ:AMZN). Change.org has been in the forefront in raising awareness on select needy cases and has taken up the issues of Dogecoin to be included as an official payment option on the e-commerce giant.
Accepting DOGE means the giant e-commerce market place will serve a larger audience. On the other hand, the coin has proved its stability, has huge supply, the transaction speeds are superb and near zero fees. With only 15,000 signatures, the case will have enough weight and DOGE could be on its way to Amazon.
Hard Times for the Crypto Market Ahead
The Wednesday crypto crash has exposed the crypto verse volatility and the SEC has been watching as the events unfold. This could delay the SEC from making important decisions including that of the eagerly awaited EFT. If this happens, the market recovery might not come as soon as many expected.
However, Dogecoin has proved to the market that EFT’s are not the solutions to the market woes. The coin is build based on the original Nakamoto vision and its market resilience in the last two days has proved a point. What the market needs the immunity against bearish situations and hype that sways the face value and not the infrastructure.
Dogecoin Taking over the Crypto Market
The Wednesday market crash has shifted many goals for the many digital coins and the shift from crypto to fiat has been on the rise. However, with the sell-off, DOGE has remained stable. Unlike majority of altcoins following the market leaders when the market is favorable or headed south, DOGE has proved that school of thought wrong.
The DOGE chart patterns are telling and the coin has been able to wade through the murky waters to emerge a winner. The Dogethereum project appears to have brought the community together which has helped the coin survive. The tight knit community has won the first battle and the next will be won once Dogethereum Bridge becomes functional.
Dogecoin (DOGE) Heads to the Top
The bullish state of the coin is attributed to bridge that is set to impart credibility to DOGE. This will increase its efficiency and make its operations run smoothly given the flexibility it is set to derive from the smart contract protocol. The link between the two platforms is a surefire catalyst of DOGE market growth and appeal.
The coin focus appears to be beyond Dogethereum and the current visibility is soon turning into conversion launch pad for mass adoption. The coin has been able to pull through by value to be ranked 21st but with more crypto players supporting it a slot in the top 15 coin is just a few months away.
The last 24 hours have seen DOGE steadily trade in the green and has gained 3.58% to the dollar and is trading at $0.005206. This is is a clear proof that the coin is headed to the top and Amazon (NASDAQ:AMZN) might not need a second though but accept the coin as one of the payment methods.