The development of the Dogecoin network has led to a spike in the price of its token, DOGE. However, whether or not this latest development is capable is still open to question.
In the last few days, the price of the token memes topics about dogs took off, among them Great Dane and Shiba Inu (SHIB), which attracted the attention of investors and observers.
Investors ignored them in the first half of 2022, and now the two tokens are starting to slowly regain interest as the projects behind them continue to grow.
Use case for Dogecoin (DOGE)
Based on the report Nice ballDogecoin is now aiming to become the mainstream crypto asset it has always been, following the network upgrade.
Dogecoin brought platform Libdogecoin, which has earned praise from Dogecoin Foundation Director Timothy Stebbing, will therefore bring significant growth to the network.
Right now, Libdogecoin is in a testing period on iOS and Android devices, where Stebbing sees it as allowing many apps to be built. mobile for the token network memes the.
“Shafil Alam (Dogecoin developer) demonstrated the power of Libdogecoin to take Dogecoindev into new areas, now compiled for iOS and Android,” said Stebbing.
Essentially, the new protocol will allow users to design products that conform to network standards.
This will also allow users to design products without the need knotwhich is expected to be able to push the network to use case what’s more.
In addition, this development also introduces a different programming language, viz C libraryto encourage innovation in platform.
Although on a different path than the Shiba Inu, Dogecoin also appears to be on track to wipe out the token title memes in itself, enriching the ecosystem with multiple uses.
Today, the network has some amazing projects like RadioDoge and GigaWallet, as well as MyDoge Wallet, a crypto wallet specifically for iOS users.
This increasingly tangible development has attracted a lot of interest from investors, so that the price of the token has steadily increased slowly over the past few days.
But it’s worth remembering that the crypto market as a whole is not set yet crypto winter. Until, a shadow of encouragement bearish you should be careful though. [st]