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DogeCoin Union： dogecoin price binance
Blockchain network message, Compound founder Robert Leshner tweeted that he had bought Dogecoin (Dog Coin). Asked why he bought, Robert Leshne said he was concerned about the possibility that TikTok could drive up the price of crypto assets. The price of Dogecoin has risen sharply since a short video platform, TikTok, went viral, according to chain news.
In the TikTok video, he also had a good feeling, with Dogecoin appearing and raising its price by 70%.
But that's not all. Bitfinex also lists DOGE as MegaDocgecoin, while Binance has started offering permanent futures contracts on Dogecoin at 50 times leverage.
There are certainly more reasons why Dogecoin is so popular. Technically, Dogecoin is actually a faction with Litecoin, which is based on the Scrypt algorithm and, like Litecoin, is easier to trade than Bitcoin, and they have more numbers, with Dogecoin digging up to 100 billion, compared with 21 million bitcoins. Palmer also noted that Dogecoin is not like Bitcoin, where people don't get involved just for the sake of speculation, which is a way of sharing and thanking.
TikTok Video Spik Dogecoin Price in 2 days 1900%
Dogecoin or 26% jump in the price of a TikTok Challenge video
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Tron and Dogecoin are now part #8217 D.C.;CENT biometric wallet.
In addition to supporting social welfare and philanthropy, Jackson believes Dogecoin can be used on the Internet as a "sweet spot" to thank others. In the beginning, though, Dogecoin was born out of a joke.
Users: Bitcoin, Ethereum, Litecoin, Dogecoin, etc.
With the addition of these three new cryptocurrencies, there are a total of five cryptocurrencies on the platform: Bitcoin, Ethereum, Bitcoin, Litecoin and Dogecoin.
Jackson, I thought about what happened recently. What do you think of the idea of a merger? Dogecoin unfortunately uses the same mining algorithm as Litecoin. Now our miners compete with each other. And scrypt's ASIC can make things very confusing. Combining mining will solve the problem. The only problem with post-merger mining is that price linkages arise because of the different supply of the two currencies. But no matter what the price of dogecoin becomes, I think the combined dig is the perfect solution.
But my biggest concern is that because of the speed of mining, miners will probably not be interested in it in nine months' time. I think in the next 50 days, the price of dogecoin will be in a difficult period of upward, in fact, it is now the second most popular currency based on the scrypt algorithm. In the short term, I am sure the price may rise to 300satoshi or fall to 20satoshi (as explained later on the value of satoshi). In mid-March we just have to look at how the miners do it, and the price movement of dogecoin will be clearer. Assuming that the doge is still very popular in mid-March and more and more people start to like it, dogecoin will at least maintain its current price and its market share will increase significantly. Around the end of the second quarter or the beginning of the third quarter, dogecoin production decreases significantly, which will determine the price increase, at which point you may see a sharp decline in the BTC series. Of course if you shoot dogecoin at that time, then you're really too late. The fourth quarter will be crucial and he may decide on THEE's future. At this point in time, miners get only a small amount of mining, and if prices don't rise enough to make them profitable, they will stop mining and the whole doge will become unsafe. Of course, miners can be retained at this point by increasing transaction fees or other means.
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