Once again Dogecoin (DOGE) is proving its worth and the adoption of DOGE payments by Tinder for its premium services. This news is a good one for Dogecoin as it has explored another big aspect of the meme coin. It has been already the third biggest active crypto in the market, which is some achievement.
The Dogecoin’s stability in the market despite not happening too much around its network showed us that it has some great potential. Recently, after the announcement of Dogecoin acceptance by Tinder, DOGE has really performed well in the market.
Tinder is one of the newly emerging social sites who has over 1 billion users who use the app daily. As per the stats of March 2018, around 1.6 billion users went through the app. This is something which will boost up DOGE’s transactions volumes if among these Tinder users even less than half of the users grab Dogecoin for the premium payments. As we know that the digital currencies are getting bigger and the world is adopting them at a fast pace, this deal is really going to support Dogecoin in the long-term.
Tinder has adopted DOGE payments for one reason because it will provide its users with low-cost, easy service and would not require much information regarding payment method just like any other conventional payment services. The other good thing to take from this news is that it has come at a very important point when the market has started to recover and pick up momentum towards a bull run.
One of the biggest reasons for Dogecoin (DOGE) becoming global crypto is that it has real-world usage and that’s what cryptocurrency is there to do for the users. Dogecoin has attained a huge number of users who use DOGE for trading their fiat currency from one place to another.
The stability with which Dogecoin has been trading for months and its resistance to the bear market puts it on the bullish radar in the coming time. The crypto analysts are keen that the future of the meme coin looks pretty prominent.
So, for the HODLers, they would be very much satisfied from Dogecoin and this up thrust in the market has given some serious indications towards a bull run. Currently, Dogecoin is trading at 24th spot and there is a whole lot of chance that it would probably go above top 20 coins in a massive rise in the market.
At the time of writing, Dogecoin (DOGE) was rising at a rate of 2.21% in the last 24 hours. The trading price of DOGE was $0.00202 USD with a market cap of $239 million and a trading volume of $20 million.