Dogecoin [DOGE] entered into the top 20 cryptocurrencies by market capitalization after another hike took it past ZCash [ZEC]. With a market capitalization of close to $670 million, it is now comfortably past ZCash’s market cap of $620 million.The coin was worth $0.0050 on 7th September after it dropped below the mark earlier that day. The coin then rallied to $0.0054 on the same day and began a second rally on 8th September from $0.0052. The price of the coin went up to $0.0058, where it is currently trading. In the process, it grew by almost 12%, which is the latest in a run of rallies seen by the coin.
The coin recently went up by more than double its previous value over the past month. It was trading at around $0.0025 on 28th August, with the bull run beginning on 30th August. It went up to $0.0031, before spiking up to $0.0066 for a whopping 153% gain.
The coin is infamous for being a meme coin, as seen by its official logo. It is based on the ‘Doge’ meme, which is characterized by Shiba Inu dogs speaking in broken English. This was the attitude exhibited by members of the Dogecoin community after the recent hike in the price of the cryptocurrency, as seen by various memes commemorating the event.
Moreover, growth in Dogecoin comes at a time when the market is bleeding red, with major cryptocurrencies such as Bitcoin [BTC] struggling to hold their profits. Bitcoin is currently experiencing a slump of close to 0.07%, even as Dogecoin continues its profits.
More recently, enthusiasts are in a tizzy regarding the Dogethereum bridge that is currently being constructed. This will allow Dogecoin tokens to be available on the Ethereum blockchain. A demo was presented recently, as stated by Alex Van De Sande, a developer on the team. He said:
“In a few minutes @coinfabrik and @oscarguindzberg will be presenting to the judges their work on creating a magic portal that allows any Doge to live inside Ethereum as a token.”
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Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern
Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.
BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.
Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:
.@Binance Chain launches its mainnet and plans to execute Mainnet Swap on Apr 23, 2019.
— Binance DEX (@Binance_DEX) April 18, 2019
The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.
In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:
“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”
A Twitter user, @carlitosblvd123, commented:
“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”
@jigneshon, another Twitter user commented:
“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. 🔥”
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