Dogecoin (DOGE) is cool and has been the fan favorite for memes and jokes in the Crypto-verse. But unbeknownst to most Crypto enthusiasts, DOGE is making some strides in the background in terms of popularity, project development, and market gains.
How popular is Dogecoin (DOGE)? WOW!
As much as the above title puts a smile on the reader’s face, DOGE has gained lots of popularity due partly to its mascot, the Shiba Inu Japanese breed of Dog. The mascot has become popular that even a Dutch TV channel (RTL Z) had placed a twitter banner with the famous dog on a rocket ship on the 19th of March this year.
Secondly, there is news of DOGE developers creating a DOGE to Ethereum (ETH) bridge. Back in February, this bridge was tested when DOGE was sent to Ethereum’s Rinkeby Testnet where it became a distinct ERC20 asset on that blockchain. This even marked what many believe was the first incident of two blockchains communicating and a point to improve on to finally have blockchain interoperability across the Crypto-verse. The technology dubbed truebit that made this possible is also one of the efforts on the Ethereum platform to try and solve the scalability issues faced by it.
Thirdly, there was a release of an update to Dogecoin Core software on Github less than 3 weeks ago. This update named 1.14 alpha 3, is the third release of Dogecoin Core 1.14 and has fixed some bugs that had been identified in the previous release. There is still some more work to be done before the final release of the complete 1.14 version. This means that users need to be comfortable compiling the software themselves.
The biggest factor in the popularity of DOGE is the community backing the project and coin. The community numbers 117,553 members on Reddit and each member has mastered the DOGE language. This language simply shortens sentences with signature comments such as WOW! The community is very organized and they get together when there is a need in the DOGE community including sponsoring a Nascar race car back in 2014.
Current market analysis puts DOGE at a value of $0.0047 and down 2.22% in 24 hours. The coin is ranked 46 according to coinmarketcap.com and has a current market capitalization of $545.44 Million. This proves that DOGE is no laughing matter! WOW!
For the latest cryptocurrency news, join our Telegram!
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.
Image courtesy of Pexels
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…