Dogecoin more popular than ever
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 63.6% | 72 | $94 946.35 | -1.99% | -3.49% | $1 879 016 687 741 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 70.4% | 59 | $3 575.36 | -2.95% | 2.11% | $430 624 929 405 |  |
|
| 3 |  USDT |
Tether predictions | 92% | 1 | $1.000262 | -0.03% | -0.05% | $134 157 311 196 |  |
|
| 4 |  XRP |
XRP predictions | 58.8% | 88 | $2.25 | 16.57% | 50.45% | $128 289 215 796 |  |
|
| 5 |  SOL |
Solana predictions | 65.6% | 74 | $223.27 | -5.51% | -12.09% | $106 085 511 812 |  |
|
| 6 |  BNB |
Binance Coin predictions | 81.2% | 31 | $631.81 | -3.91% | -5.46% | $90 986 391 967 |  |
|
| 7 |  DOGE |
Dogecoin predictions | 54.8% | 93 | $0.405291 | -4.20% | -5.89% | $59 590 838 072 |  |
|
| 8 |  USDC |
USD Coin predictions | 93.6% | 1 | $1.000189 | 0.02% | 0.03% | $39 974 395 797 |  |
|
| 9 |  ADA |
Cardano predictions | 59.2% | 84 | $1.064892 | -0.46% | 0.23% | $37 362 685 623 |  |
|
| 10 |  AVAX |
Avalanche predictions | 68.4% | 69 | $45.61 | 3.47% | -0.72% | $18 667 651 203 |  |
|
| 11 |  TRX |
TRON predictions | 60.4% | 80 | $0.204134 | -2.14% | -3.32% | $17 617 491 272 |  |
|
| 12 |  SHIB |
SHIBA INU predictions | 58.4% | 94 | $0.000028 | -5.47% | 7.80% | $16 741 735 529 |  |
|
| 13 |  TON |
Toncoin predictions | 69.6% | 62 | $6.38 | -5.38% | 1.76% | $16 248 957 424 |  |
|
| 14 |  XLM |
Stellar predictions | 58% | 89 | $0.504331 | -0.88% | -4.26% | $15 167 763 632 |  |
|
| 15 |  DOT |
Polkadot predictions | 59.2% | 84 | $8.50 | -6.02% | -5.92% | $12 953 160 129 |  |
