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Dogecoin’s rising transactions are connected to this experiment
DRC-20 tokens have not been doing so well, but DOGE is ignoring this and preparing for a Doginals resurgence.
• Months after helping Dogecoin surpass Bitcoin transactions, Doginals are back again.
• DOGE may reverse to the upside if demand reappears.
Dogecoin’s [DOGE] co-founder Billy Markus confirmed that the jump in transactions on the blockchain was because of an increase in meme coin trading and Doginals’ activity.
Markus, who answers by the nickname “Shibetoshi Nakamoto,” revealed this in response to a community member who was curious about the reason behind the hike.
The Doginals experiment first appeared in May. At that time, the developers wanted it to be a replica of Bitcoin Ordinals. Interestingly, the experiment was successful. So, users were able to inscribe images, and texts on the Dogecoin blockchain.
By copying the Ordinals model again, some members of the DOGE community introduced DRC-20. Unlike Doginals, DRC-20 tokens can be traded as normal cryptocurrencies. These were the “shitcoins” Markus was referring to in his post.
Read More:
DRC-20 tokens have not been doing so well, but DOGE is ignoring this and preparing for a Doginals resurgence.
• Months after helping Dogecoin surpass Bitcoin transactions, Doginals are back again.
• DOGE may reverse to the upside if demand reappears.
Dogecoin’s [DOGE] co-founder Billy Markus confirmed that the jump in transactions on the blockchain was because of an increase in meme coin trading and Doginals’ activity.
Markus, who answers by the nickname “Shibetoshi Nakamoto,” revealed this in response to a community member who was curious about the reason behind the hike.
The Doginals experiment first appeared in May. At that time, the developers wanted it to be a replica of Bitcoin Ordinals. Interestingly, the experiment was successful. So, users were able to inscribe images, and texts on the Dogecoin blockchain.
By copying the Ordinals model again, some members of the DOGE community introduced DRC-20. Unlike Doginals, DRC-20 tokens can be traded as normal cryptocurrencies. These were the “shitcoins” Markus was referring to in his post.
Read More:
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