Dogecoin (DOGE) received news that will strengthen the current uptrend. Update news about DOGE has increased the price of DOGE.
According to TradingView, Dogecoin Core 1.14.5 The price of the joke (meme)-based crypto asset rose 11% after the update announcement, but then quickly pulled back and lost about half of the day’s profits.
Another reason behind DOGE’s growth has been the massive rally going on in cryptocurrencies right now. The ongoing rally in cryptocurrencies has now increased the total value of crypto assets up to $3 trillion. But the main fuel for growth is Elon Musk There was an update that reduced the fees, which was also approved by.
The Dogecoin community, ready for a reduction in fees and greater decentralization of the network, welcomed this update.
In addition to lowering transaction costs, the update also improved the performance of the network by fixing pre-existing vulnerabilities that were causing problems for Dogecoin users.
DOGE has been in a steady uptrend since the beginning of the month, with a total gain of up to 43%. DOGE currently has a local top of $0.34 (reached in August). DOGE now has a market capitalization of $37 billion and has increased its total value by an average of 7%.
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