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Dogecoin (DOGE) Silently Making WOW Strides

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Dogecoin
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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.

DOGE banner

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!

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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

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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