Dogecoin Foundation announced the release of GigaWallet v1. Dogecoin’s GigaWallet will revolutionize DOGE payments. After the update, DOGE price increased significantly. However, DOGE later lost ground along with the market.
Dogecoin Foundation shook the agenda with the launch of GigaWallet!
Dogecoin, the largest meme coin by market cap, has seen significant gains recently. In fact, it reversed Cardano (ADA) in the process. Dogecoin price rose by 8% during the day due to the overall positive sentiment in the market and the GigaWallet launch. Moreover, Dogecoin is expected to increase the utility of GigaWallet launch and drive DOGE price gains.
GigaWallet 1.0 brings a flexible system for managing Dogecoin payments. So it marks an important milestone for cryptocurrency. This was made possible thanks to the dedicated efforts of raffecat and other contributors.
What does GigaWallet bring?
Additionally, major updates to GigaWallet include the implementation of important features such as multiple payment addresses, fee deduction logic for payments, and improved error handling. In particular, the integration of Core estimatesmartfee ​​for fare calculation further increases the efficiency and reliability of operations. The release also welcomes new contributors, with H7-25 making its first contribution. This underscores the growing community involvement and collaborative spirit within the DOGE ecosystem.
GigaWallet is described as a backend service that provides an integration API for various platforms, including online stores, exchanges and social media platforms. It also provides a hassle-free solution for trading Dogecoin programmatically. Early adopters of Dogecoin have already begun leveraging the platform to create innovative solutions that reflect the excitement and potential for widespread adoption of Dogecoin. In addition, the Dogecoin Foundation hopes to witness other DOGE supporters getting on the list.
DOGE Price Increases
Following this news, DOGE price increased by 8.02% to $ 0.1857 during the day. Meanwhile, the meme coin reached a market cap of $26.8 billion. However, later the popular meme coin lost ground. At the time of writing, DOGE has fallen to $0.1795. However, Dogecoin is still in the green zone with over 32% on its weekly chart.
Meanwhile, Dogecoin entered a downward trajectory as long-term holders began taking profits. According to Coinglass, more than $5 million of the total liquidation of $7.09 million in the last 24 hours was recorded as long liquidation.
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