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Elon-Musk’s favorite coin Dogecoin is never off the headlines. It is currently the biggest memecoin in terms of market cap. Currently, it is in the news due to certain developments. The Dogecoin Foundation has announced the launch of LIBDOGECOIN. It will make DOGE available on several platforms. The price can also fluctuate as a result of the new development.
Michi Lumin, Dogecoin’s core developer, announced LIBDOGECOIN, just a few weeks after the release of Dogecoin Core version 1.14.6’s release. Lumin explains that less technical friendly users can use LIBDOGECOin to easily develop Dogecoin-complaint products.
In addition, various languages such as Python, Ruby and Node.js, are also supported by LIBDOGECOIN. This new development adds a lot of value to DOGE and explores its untapped potential.
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History is The Witness
In the past, it was seen that as a result of a major update there was a rise in the coin’s price. In November 2021, Dogecoin Core’s 1.14.5 version was launched. It introduced big security fixes and adjustments to network regulations. DOGE’s value increased immediately after its release. However, there are now chances that this trend reverses soon because of last crypto-winter.
LIBDOGECOIN is likely to have a positive impact on DOGE after the addition of lots of features and upgrades. Interestingly, DOGE has significantly increased over the past 48 hours. DOGE has successfully beat its competitors and has exhibited great results. Despite facing a lot of criticism. Moreover, just like earlier, Elon Musk’s tweets can influence the rise in the price of DOGE.
In a YouTube podcast, Musk stated that while Dogecoin was founded as the meme-currency, the total transactional throughput capability of DOGE is way above Bitcoin’s. At the time of writing, the top cryptocurrency was trading at $24,081.89, up by 4.77% in the last 24 hours.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
