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Dogecoin (DOGE) Defies the Red Bearish Market: Founder Blocks XRP Enthusiasts

The remarkable characteristic of Dogecoin’s token price to refuse obeying the general market movement [from the leader Bitcoin – BTC, to all following altcoins] is being highlighted strongly per time of writing.

For most of 2018, this trend of making surprising value jumps against the US Dollar and BTC has been present for the memefied coin. Whereas Bitcoin loses value and all top altcoins go down with, Dogecoin simply does its own thing at all times. Very stale coin.

Source: coinmarketcap

Breaking above the weekly declining trend that was concluding with a range bound for three days, has opened gates for the pair DOGE/USD to gain and retest the hurdle at $0.0024 as it is changing hands at $0.002370.

Dogecoin

Its increasing success throughout the crypto-ecosystem experienced a big hoist when back at the end of August the token transferring bridge between Ethereum and Dogecoin’s chain was announced. While performing as a bridge, it does enable transfers between the two chains easily. The elaborated coin here is in more benefit as its range of operations increases accordingly with the second in lead Ethereum’s flexibility with smart contracts.

Dogecoin Founder – Via his official twitter handle, Jackson Palmer posted his ‘simple automatic blocking XRP accounts script’ with which he started a so called XRP Away campaign.

The move came as a result of XRP enthusiasts counter-replying and storming him because of his negative comments made recently towards Ripple’s XRP. The latest script before being transformed into an open-source code, was used as a ETH scam bot blocking script. Elon Musk called Mr. Palmer for help to fight the spammers which targeted Musk for months.

Read the event: 

Dogecoin Creator And Elon Musk — The Ethereum (ETH) Scambot Fighting Duo?

The post Dogecoin (DOGE) Defies the Red Bearish Market: Founder Blocks XRP Enthusiasts appeared first on Ethereum World News.

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Dogecoin (DOGE) Game-Changing Stellar Performance: Ethereum’s ETH Impact on the Coin

It seems as all happened in a matter of seconds. Since Wednesday morning, traders have witnessed a major price plunge as BTC deep-dived to the lows of $6,450 from $7,377 in a day.

As explained in an EthereumWorldNews post, the last day and its speedy decline could make even us crypto-enthusiasts conclude that the market is too volatile to get a thumbs up by SEC. Believing that the crypto recovery will be supported by ETF acceptance from the commission could turn to a long waiting game.

However, impacting your opinion with the original idea on how Bitcoin and the whole blockchain concept initiated, we do not need ETF for the crypto-verse to be significant. When adoption hits the level of making tokens immune to bearish news that the ecosystem could be settled.

With that said and in the midst of this violent sell-off taking place, there is one beloved meme-d coin the community loves – Dogecoin.

Dogecoin DOGE

Surely it is known how altcoins follow the performance majorly of the one in lead Bitcoin BTC against the USD, however in the past week the pair DOGE/USD kept its head above waters with a unique movement pattern. The latest announcement of a Ethereum-Dogecoin network bridge for efficient transfer between the two might have caused the bullish sentiment over the coin. The elaborated coin here is in more benefit as its range of operations increases accordingly with the second in lead Ethereum’s flexibility with smart contracts.

Getting back to the market now, out of all the top-50 leading coins DOGE is the only that is not in the decline with a double digit percentage. Being in the red with only 4.00% for the last 24-hours, it is balancing bulls and bears at $0.0049 attempting to make it above $0.0050.

This independence from the market action showcased by Dogecoin could bring more investment to flow-in while accordingly hoisting the value even more. Additionally it requires a low level of money to put a good amount of the token in your digital wallet.

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Dogecoin (DOGE) Deflates By 22%, But Hype Still Remains

Dogecoin, the well-known meme cryptocurrency that has swept across the web, has had an absolutely stellar week, with the price of the asset skyrocketing in value to the surprise of many investors.

As reported by Ethereum World News on Thursday, the price of the asset surged by 20% to $0.00313 as a result of the positive news surrounding a blockchain bridge between the Dogecoin and Ethereum chains. But in the days that followed, the asset continued even higher upwards, rising to a weekly high of $0.0065, as DOGE doubled in dollar values within a matter of a week.

Many analysts, commentators, and traders caught wind of this crypto asset’s absurd price action, with some jokingly noting that DOGE’s move was a precursor to “altcoin season” or the next bear market. But as the saying goes, “good things don’t last forever,” with the price of the asset seeing a pullback on Sunday morning. At the time of writing Dogecoin is down 20% on the day and has pulled back to ‘only’ 1/2 of a cent ($0.005).

Chart Courtesy of TradingView.com

Price action aside, the development and adoption of this asset still is a hot topic, with a variety of topics only making DOGE look like an even more attractive investment.

Yahoo Finance Adds Doge Trading Support

In an unexpected move, Yahoo Finance, one of the world’s most popular finance-centric sites, revealed that it was adding support for DOGE trading in its ecosystem. Yahoo Finance will introduce support for Dogecoin via its partnership with TradeIt, allowing IOS devices with its app installed to trade BTC, ETH, LTC, and DOGE right on their mobile device.

Many were surprised by the mention of Dogecoin, but as reported previously, this move makes sense, as the ‘memecoin’ holds roots as a fork of Litecoin, which is a relatively simple cryptocurrency when it comes to integration into services.

Yahoo Finance Brings BTC, ETH, LTC Trading Support To Mobile Phones

Following the IOS release, the New York-based Yahoo subsidiary noted that it will eventually add the same support for Android and desktop in the weeks, or months to come.

Many are hopeful that this new feature, which is available to a majority of Yahoo Finance’s gargantuan userbase, will introduce millions of new individuals to the cryptosphere, which will spark an influx of buying pressure.

“Doge4Amazon” Petition Garners 8,000 Signatures

In some circles, Dogecoin has become the currency of choice for microtransactions, p2p tips, and more, as it is easy-to-use, fast (1 minute blocks), cheap (under a cent fee) and relatively stable.

As such, many proponents of the project noted that it would make for a great payment method for Amazon, which is publicly valued at nearly $1 trillion. To make their dreams a reality, a user by the name of Mark started a petition, asking for Jeff Bezos and other Amazon executives to “accept dogecoin as a payment method.”

The petition reads:

Currently, Amazon does not accept crypto-currencies as a payment method alienating many people who do not have a traditional bank account… It’s time for Amazon.com to be one of the first major companies to see the power of Dogecoin and to accept it as a payment method.

This infection hope has evidently spread across the crypto community, with over 8,000 individuals signing their name on the change.org petition. Although this may seem like an unachievable dream for now, many expect that Amazon will accept cryptocurrencies one day, but whether it will be Dogecoin, Bitcoin or any variety of altcoins remains to be seen.

Dogethereum 

What also drove this move seemed to be the development of Dogethereum, a sort of link between the Dogecoin and Ethereum blockchains that aims to introduce interoperability via a smart contract system and code integration. But as pointed out on the official Dogecoin Twitter page, for now, this bridge is only in its demo phase and will undoubtedly require more work before the eventual full release.

Although the project may just look like a meme to some, Dogecoin is still backed by a strong community of over 100k strong, with roots that go back years on end. And no matter how the price of the asset fluctuates in the years to come, as many in the Doge community like to note, “1 Doge = 1 Doge.”

Photo by Luiza Sayfullina on Unsplash
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Dogecoin DOGE/USD Only Double Digit Gainer: Above 20% as Doge-Ethereum is Announced

For the past few months Dogecoin has been making various major announcements as an attempt to keep up with the growing crypto-verse. The latest now being the team declaration that on Sep 5th, 2018 the token transferring bridge between Ethereum’s network and Dogecoin’s chain will be released.

Dogethereum

The team behind the meme-d coin is working rigorously on the smart contract – Dogethereum. While performing as a bridge, it does enable transfers between the two chains easily. The elaborated coin here is in more benefit as its range of operations increases accordingly with the second in lead Ethereum’s flexibility with smart contracts.

When the connection is commenced, Dogecoin will gain from the link by being supported from Ethereum’s stable token price movement and liquidity. This comes as a conclusion from the services that Ethereum delivers.

– Dogecoin (DOGE) founder, Jackson Palmer, has weighed in on an alleged cryptocurrency theft linked to internationally recognized telecommunications company AT&T, saying it is surprising cryptocurrency millionaires are falling prey to the same technology they are advocating.

Palmer and other cryptocurrency enthusiasts are disturbed over the $23.8 million stolen fund of U.S. entrepreneur and cryptocurrency investor Michael Terpin.

“Don’t get me wrong, SIM jacking is ridiculous and 1) cell providers need to get their act together + 2) services need to stop supporting SMS 2FA.”

– The California-based fintech firm Robinhood announced that it will be listing Dogecoin on its rapidly expanding feeless crypto mobile app. This announcement comes only a few days after Robinhood revealed support for Litecoin and Bitcoin Cash.

DOGE/USD

The only in the gain on the 30th of Aug, 2018 – the pair DOGE/USD as it flies above the $0.003000 mark reaching $0.003133 with 23.27% increase in the last 24-hours. It is leading the BTC market for 25.39%.

DOGE COIN

Source: coinmarketcap

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