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Dogecoin (DOGE) Releases An Alpha 3 Update On its Source Code Targeting Service Providers

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Doge
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Dogecoin (DOGE), also known as a parody coin, has recently released an alpha upgrade to its source code that will allow merchants and exchanges implement tests for the testnet environment as a way of performing small live money tests on the Dogecoin network. This development is set to prepare exchanges for an improved integration of Dogecoin into their protocols when the beta version comes out.

The announcement came about this week on Dogecoin’s tweeter account and will set a new path for doge coin’s Blockchain development especially given that the coin has been staying dormant for years since its creation.

Why Dogecoin has been under the radar of crypto enthusiasts

Frankly, Dogecoin was never intended to be like any of the other cryptocurrencies. Created by a programmer from Portland in a weekend Dogecoin was meant to be a silly cryptocurrency that resembled the ultimate coin for the cryptocurrency hobbyist.

The initial stages of the coin involved back and forth transactions on Reddit as the community that discovered the cryptocurrency enjoyed the fun of simply sending and receiving cryptocurrency. At the time the coin was nearly worthless even though the community grew unexpectedly over the years.

When Dogecoin finally hit a market capitalization of about $2 billion, it attracted millions of eyeballs such that the early team of developers decided to embark on the project. According to CoinMarketCap, Dogecoin is currently ranked among the top 50 cryptocurrencies and has a market capitalization of over half a billion. Just recently, word around the cryptocurrency and Blockchain space indicated that the core developers of the project had planned to fork Ethereum’s Blockchain. Although the rumors were dismissed by the Dogecoin team, plans were however unveiled to develop a Dogecoin Ethereum Bridge.

What the Dogecoin Ethereum Bridge is all About

Essentially, the Doge Ethereum Bridge is not to be confused with a fork on Ethereum’s Blockchain. The doge Ethereum Bridge is simply an update that establishes a back and forth link between Dogecoin and an eDoge ERC20 token developed on Ethereum’s Blockchain. This upgrade is set to allow Dogecoin to take advantages of Ethereum’s smart contracts. With this update, Dogecoin will have better security, efficient mine ability and immutability that combines the best of a blocked cryptocurrency and an Ethereum token.

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In addition to the Dogecoin Ethereum Bridge, the Dogecoin core development team has been at work on a whitepaper and remains to be one of the most active teams of developers backed by a community of over 150,000 members if the Reddit community is anything to go by.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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