Fees for Dogecoin transactions are at an all-time low, with one user paying no fees to move 2.69 billion Dogecoin worth $357,926. The almost-zero-fee transaction required the Dogecoin user to pay 0.00226 DOGE for the massive transaction.
The Dogecoin Foundation’s mission is to establish DOGE the global currency for exchanging goods and services. It claims to be focusing on specific projects to prepare the Dogecoin Ecosystem for rapid grassroots adoption, citing the world’s unbanked population of 1.7 billion people.
RadioDoge was used in April to send the first Dogecoin transaction that did not require the internet. RadioDoge focuses on combining low-cost radio technology (HF/LoRaWAN) with the global Starlink satellite network to provide low-cost, wide-scale access to Dogecoin for people who live outside of the reach of traditional internet infrastructure.
As a result, Dogecoin will be able to conduct transactions without the use of the internet.
Tesla CEO Elon Musk responded to a tweet by Dogecoin creator Billy Markus by saying that if more businesses accepted Dogecoin, it would gain a lot more utility. Tipping creators with Dogecoin would also be “nice,” according to the world’s wealthiest person.
The Dogecoin fan also feels that Dogecoin has the potential to solve Twitter’s spam problem. Mark Cuban, a fellow billionaire, originally presented the idea that piqued Musk’s interest.
In response to Cuban, Dogecoin co-founder Billy Markus stated that he “a lot” appreciates such a concept.
At the time of writing, Dogecoin was trading at $0.131, well below its 50 and 200 day moving averages. To stop the downward trading trend, a break above the MA 50 at $0.136 and then the MA 200 at $0.172 may be required.