- Dogecoin's latest spin-off, DOG, represents fractional ownership of Shiba-Inu-faced non-fungible token.
- Cryptocurrency analyst states that institutional short-sellers of Dogecoin are pulling back and holds bullish outlook.
- Shiba Inu-themed cryptocurrencies on layer-2 scaling solutions Arbitrum, ASHIB and ArbiFloki compete with SHIB and DOGE.
- An important update on DOGE nodes fuels Dogecoin's current price rally.
A collective of DeFi's early adopters and collectors offer millions of fractions of the Shiba-Inu-themed NFT at $1 each. Several copycat meme coins compete with DOGE and SHIB for market share.
Analysts see further upside in Dogecoin and Shiba Inu as price rally continues
A Dogecoin analyst on crypto Twitter behind the handle @TDogeWhisperer shared an update on the DOGE network. It states that currently, 205 computers are running DOGE's newest update and calls more nodes to upgrade to 1.14.4 to secure the network and lower the transaction fees.
DOGE is popularly used for making transactions, and a reduction in fees is set to increase the meme coin's adoption by businesses.
Update on #dogecoin Nodes:
205 computers are currently running the newest update. More nodes need to upgrade to 1.14.4 & more NEW nodes are needed
Once a higher % of new nodes are running a new update will be released
It helps secure the network & lower the transaction fees pic.twitter.com/9rJInesewI
— Doge Whisperer (@TDogewhisperer) August 29, 2021