There have been significant developments recently for the largest meme coin Dogecoin (DOGE) and major altcoins Hedera (HBAR), Tron (TRX). These announcements caused a price jump. Here are the latest developments and price movements for these three altcoins…
Elon Musk’s company accepts Dogecoin (DOGE)
Boring Company, the company founded by Elon Musk, has launched a new perfume. Thus, it diversified its products. The firm allowed customers to pay for the product with Dogecoin, Musk’s favorite cryptocurrency. It’s no secret that the world’s richest man, Elon Musk, is an ardent advocate of the first memecoin, Dogecoin. He admitted that he had invested some of his personal fortune in it over the past few years. cryptocoin.com As we have also reported, he praised the token’s value many times.
In August, the entrepreneur stated that Dogecoin has a better transaction capacity than Bitcoin. To prove his point, he noted that it takes 60 seconds to complete DOGE transactions, while with BTC it takes about 10 minutes. Unsurprisingly, some companies that Musk manages also back the asset. Tesla, SpaceX and The Boring Company; They adopted DOGE as a means of payment. Musk’s recent interaction with the token has, once again, positively impacted the price. Currently, the coin is changing hands at $0.0604, up 2.5 percent. It rose from $0.0590 to $0.0607 on the day. Despite the recent price increase, DOGE is far from its record of $0.74.
TRON will issue the currency of this country
The eastern Caribbean country of Dominica is partnering with TRON (TRX). Together with TRON, it is launching the “Dominica Coin” (DMC). The purpose of the coin’s entry into the market is to help the country’s large tourism industry. It also helps promote its economic progress as a place with a rich natural heritage. Apart from that, as TRON inventor Justin Sun stated on Twitter, all crypto assets issued on the TRON Blockchain have become “approved cryptocurrency” in Dominica. It was also “granted legal status as a medium of commerce”. Sun has released an official document proving this.
TRON also seems to have been positively affected by the announcements. The cryptocurrency is changing hands at $0.0633, up 3% in the last 24 hours. It went from $0.061212 to $0.064214 on a daily basis.
HBAR rally after this announcement
Finally, Hedera (HBAR) took a leap after the announcement of Tejouri, the “global digital treasure”. Hedera jumped from $0.05855 to $0.0643 in a 24-hour period. It is currently up about 10%. The rally was announced by the HBAR Foundation, the development team behind the Hedera Blockchain. The foundation comes after the Dubai International Financial Center (DIFC) announced the launch of Tejouri, a global “digital vault”, on its Hedera network.
The HBAR Foundation said the Tejouri platform will enable users to upload and store documents, including insurance contracts, title deeds, wills, financial certificates, images and multimedia files.
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