Bitcoin
BTC$22 734.84

-4.21%

Ethereum
ETH$1 551.77

-5.32%

Tether
USDT$1.000115

-0.01%

Binance Coin
BNB$304.94

-4.03%

USD Coin
USDC$1.000034

0%

XRP
XRP$0.394979

-4.53%

Dogecoin more popular than ever


23 Sep 2021

#Dogecoin

AMC CEO Adam Aron has stated that the cinema giant will look to support Dogecoin movie ticket payments by the end of 2021, and real estate tokenization platform RedSwan is accepting DOGE, too. The power of the Dogecoin meme is strong despite transaction levels of Dogecoin (DOGE) hitting the lowest they’ve been since 2017. Multiple firms have made DOGE adoption plays this week, including Robinhood, which confirmed that it was going to roll out a new crypto wallet feature in its app next month supporting DOGE deposits and withdrawals. The meme coin’s co-creator, Billy Markus (who no longer works on the project), stated via Twitter earlier today:

“Okay we are allowed to overreact now Robinhood wallets is huge news for Dogecoin - it opens up so many users to the real utility of cryptocurrency!”

Buy $384 million in real estate with DOGE

On Wednesday, commercial real estate tokenization platform RedSwan announced that it would accept Dogecoin for two digital real estate deals on its marketplace. The firm is offering fractionalized ownership in two high-rise apartment buildings worth a combined $384 million.

“[Dogecoin] is on the cusp of transitioning from a ‘meme coin’ to legitimate institutional and transactional use cases,” said RedSwan CEO Edward Nwokedi.

The two digital real estate deals, dubbed APLO and LHOK, are taking minimum investments of $1,000 — roughly 4,447 DOGE at the time of writing — and are offering annualized targeted investor internal rate of returns of 26% and 19%, respectively. On the same day, AMC Entertainment CEO Adam Aron conducted a poll of 140,000 people via Twitter, asking the community whether DOGE should be added to the firm’s plans to support crypto payments for tickets by the end of 2021. Out of the four options provided, “Yes, for sure do it” received 68.1% of the votes.

Following the overwhelming support for DOGE in the poll, Aron then stated that “It’s clear that you think AMC should accept Dogecoin. Now we need to figure out how to do that. Stay tuned!” Former DOGE “CEO” Elon Musk chimed in to call for the DOGE fee structure to be lowered to support widespread adoption.

Low transaction levels

Despite the hype kicking into overdrive this week, DOGE transaction levels have dropped to lows that have not been seen since December 2017. According to data from BitInfoCharts, the number of daily DOGE transactions has plunged to 16,000 for the first time in four years. The figure provides a stark contrast to the DOGE mania that swept the crypto market in April of this year resulting in peak 24-hour transaction levels of 140,000.

The lack of on-chain activity is reflected in DOGE’s price and market capitalization, with the price declining 69% since its all-time high of $0.73 in mid-May to sit at $0.22 at the time of writing.


Related

Dogecoin survived carnage in 2022 better than most
Dogecoin survived carnage in 2022 better than most
Crypto market stumbles, losing 5%
Crypto market stumbles, losing 5%
Dogecoin – a guide dog for the crypto?
Dogecoin – a guide dog for the crypto?
Dogecoin (DOGE), Elon Musk's favourite coin, has jumped 35% in the last three days
Dogecoin (DOGE), Elon Musk's favourite coin, has jumped 35% in the last three days
Dogecoin becomes second largest PoW cryptocurrency
Dogecoin becomes second largest PoW cryptocurrency
Bitcoin, Ethereum corridor and new dog race?
Bitcoin, Ethereum corridor and new dog race?
MultiBank io: Changing the Way People Think About Crypto
MultiBank io: Changing the Way People Think About Crypto
Doge gets more love on Twitter and Ethereum gets more hate
Doge gets more love on Twitter and Ethereum gets more hate
Dogecoin price risks 40% correction despite Elon Musk-Twitter euphoria
Dogecoin price risks 40% correction despite Elon Musk-Twitter euphoria

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 60% 84 $22 734.84 -4.21% -0.77% $438 267 091 241 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 61.2% 84 $1 551.77 -5.32% -4.66% $189 896 701 242 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92% 1 $1.000115 -0.01% 0% $67 783 850 064 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 67.2% 66 $304.94 -4.03% -0.33% $48 150 478 523 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $1.000034 0% -0.02% $42 771 015 068 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 65.6% 68 $0.394979 -4.53% -7.82% $20 066 373 720 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $1.000427 0.05% -0.04% $15 382 568 581 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 66.4% 76 $0.370680 -6.12% -1.21% $12 823 171 668 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 68.4% 68 $0.087241 -2.94% -1.17% $11 574 368 244 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 95.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 61.2% 77 $1.076001 -8.14% 8.30% $9 398 132 735 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 59.2% 91 $23.57 -9.85% -2.79% $8 759 130 586 SOL 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 61.6% 85 $6.13 -7.28% -8.05% $7 066 700 928 DOT 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 69.6% 63 $89.89 -6.90% 0.09% $6 487 767 280 LTC 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 59.6% 81 $20.08 -3.59% 13.31% $6 320 011 339 AVAX 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2023 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.