It has a market value of more than $17.3 billion. It could lead to a rush of other sites becoming willing to use Dogecoin for transactions.ĭogecoin is now the 12th largest cryptocurrency, according to. In fact, this might become a proverbial tipping point for DOGE. If both subscribers and advertisers have the option of using DOGE, it could significantly raise the visibility, viability and popularity of Dogecoin as a payment mechanism. In any case, provided Musk’s deal goes through, his plan to start subscriptions on the site means Dogecoin could become a payment option for Twitter users. But others argue a faster processing speed helps avoid hacks just as well. Some say this is because its has a more difficult hashrate than DOGE. By contrast, Bitcoin can take up to 10 minutes. Typically, it takes only about one minute for Dogecoin’s platform to close a transaction. Moreover, Dogecoin can process transactions much faster than Bitcoin’s platform. It costs about 1 cent per transaction to use DOGE, but between 50 cents and $1 per transaction with Bitcoin. Ver says Dogecoin is faster and cheaper to use than Bitcoin. He recently raised capital for his startup at a $14 billion valuation.
Ver is known as one of the earliest, most ardent supporters of Bitcoin. Roger Ver, known as “Bitcoin Jesus” for his fervent crypto advocacy, told the magazine he is a fan of the coin. Recently, a well-known Bitcoin ( BTC-USD) supporter gave an interview with Bloomberg expressing his support of Dogecoin. Bitcoinist notes he has been a huge supporter of the crypto and “relentlessly pushed to the mainstream,” including on Twitter. Twitter’s (NYSE: TWTR) acceptance of Elon Musk’s $44 billion bid also significantly improves the prospects of Dogecoin ( DOGE-USD), Musk’s favorite cryptocurrency.
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