#DOGECOIN CORE WALLET 7 YEARS BEHIND UPGRADE#

The billionaire also caused a stir at Twitter HQ as well.The suit essentially claims Doge has no value at all and Elon did it all for lolz. The self-proclaimed Dogefather was a massive promoter of the coin on social media, even touting payment in Doge for SpaceX and Tesla items, resulting in a dramatic rally for the token last year.

They’ve been accused of 'promoting Dogecoin to profit from its trading'.The meme currency fell 12% on Thursday, now down 92% from its ATH, and Tesla tumbled 8.54% – though that was partly thanks to a report saying the automaker was raising prices. The Technoking, as well his companies SpaceX and Tesla, have been hit with a $258bn ‘pyramid scheme’ lawsuit over Dogecoin. Elon Musk’s gotten himself on the wrong side of the law, apparently.

Currently, the line in the sand is drawn at $0.0725, but the memecoin will likely need the wider crypto market to continue upwards if it has a chance of crossing it.Įlon in the dogehouse This week’s headlines may’ve been dominated by inflation and rate hikes, but it seems Elon Musk’s is well on way to getting #trending title back. The token is currently sitting under its 200-week moving average, failing to break through it twice in the last month.

DOGE was actually down a morsel-sized 0.3% on Thursday.

While his influence over DOGE has certainly waned since his SNL appearance last year that marked the top for DOGE, the Tesla CEO confirmed this week that the automaker is still holding all of its Dogecoin.

Of course, Elon was on the sidelines cheering his favorite pooch on, tweeting “Upgrades!” – just in case people failed to notice that’s what the press release said.

On GitHub, a checklist elaborated on some of these changes, helps protect wallet users with upgrades, with the three biggies being: fixing a known Bitcoin vulnerability, making the Dogecoin Core wallet cheaper, and improving wallet protections during upgrades.

Dogecoin Core 1.14.6 launched on Thursday, fixing security issues, as well as making modifications to its fee structure.

#DOGECOIN CORE WALLET 7 YEARS BEHIND UPGRADE#

In addition, a lower-than-expected rate hike from the Fed boosted the entire industry last week, perhaps increasing investors’ risk appetite.ĭoge goes to the groomers Dogecoin gets an upgrade to iron out some pesky problems, but it’s not enough hype to lift it above a key line in the sand, price-wise.

Is a new altcoin season upon us? Well, some analysts seem to think so after seeing data from CryptoQuant suggest significant on-chain altcoin action by whales across several exchanges in the last few weeks.

According to WhaleStats, Ethereum whales have been upping their Shiba Inu holdings from $736k to a whopping $5m – up nearly 580% in just 24 hours – but its prices too have been trading at relatively horizontal levels the past few months.

Another doggy-themed coin is getting a petting as well.

It’s possible that the attention is partially thanks to excitement around the release of Dogecoin Core 1.14.6 on July 21, but worth noting that DOGE prices themselves have remained muted despite all that, trading almost completely flat for the last two months.

Active Dogecoin addresses have boomed by nearly 265% in the last two months alone.

Co-founder of the decentralized Polygon exchange QuickSwap Roc Zacharias said that this kind of project is “Wild West” because of how easy it is for anyone to launch and market a token.Īre memecoins a thing again? As crypto enjoys its fourth straight week of gains, hinting at the thawing of the most recent crypto winter, investors are enjoying the risky side of life again.

Some people aren't buying this puppy, as it looks eerily similar to several rug pulls that have launched on chains similar to Polygon-Edge like BNB Chain.

Some $21m worth of tokens have already been traded on the Dogechain network. It's a completely independent project which also has a native token in the form of ‘DC’, which is planned to be airdropped to DOGE holders.

It’s not, however, affiliated with the creators of Dogecoin according to the Dogecoin Foundation’s clarification on Twitter.

It’s marketed as a layer-2 scaling solution but the project is in fact a bridge that allows users to port over their DOGE to receive wDOGE which can be used for participating in DeFi and trading NFTs.

DOGE has rallied by 15% over the past week as a result of interest in the new Dogechain project launched on Polygon-Edge.

Memecoin? How about a memechain The newly launched Dogechain has the crypto community wondering once again – legitimate project, or yet another rugpull?

Dogecoin core wallet 7 years behind