Diving right into it, Dogecoin (DOGE/USD) did not obey the standard while in contrary gaining for the last week. As mentioned in the last Ethereum World New post related to the much-loved coin, going above the $0.0050 mark after balancing the bears and bulls despite the market plunge, will open gates for more gain in the upcoming days and so it did.
As time of the press, DOGE is changing hands against the US Dollar at $0.005722 with 11.61% increase in the last 24-hours. This is the best performance for the last week as many short-term traders and new incomers were disappointing by Bitcoin moving path. The largest cryptocurrency by market capitalization dropped from $7,382 to $6,200 in 5 days.
In an unexpected move, Yahoo Finance, one of the world’s most popular finance-centric sites, revealed that it was adding support for DOGE trading in its ecosystem. Yahoo Finance will introduce support for Dogecoin via its partnership with TradeIt, allowing IOS devices with its app installed to trade BTC, ETH, LTC, and DOGE right on their mobile device.
Despite having a profile of a meme, the coin is respected and of value for the ecosystem. Being the first choice for many when it comes to fast and cheap transactions it is barking its way ahead strongly. One individual named Mark initiated a petition that is counting above 13,000 votes on change.org to accept DOGE on Amazon.
Amazon.com being a leader in innovation should accept Dogecoin, as a form of payment. Dogecoin is fast, cheap, and stable. It is stable in value, has the lowest transaction fee of other major coins, has a huge supply of coins and has a very large, active community with on-going development.
Dogecoin is a peer-to-peer digital currency, just like Bitcoin and Litecoin. It’s part meme, part functional token, and part legend in the cryptocurrency community. While many dismissed Dogecoin as a joke, its supportive community and massive market cap is hard to ignore. The Dogecoin community consists of over 100,000 subscribers on Reddit. Various exchanges where you can buy DOGE from: Bittrex, Gate.iom, HitBTC or Poloniex.