Crypto News - Dogecoin (DOGE) is Now On the Tron Blockchain - Bitcoin News

Introducing Dogecoin (DOGE) on the Tron Blockchain

DOGE, the meme token that became popular on the internet, is now available on the Tron network.

The announcement was made by Justin Sun, the CEO of Tron, on Twitter. He discussed that Tron now supports DogeCoin on Poloniex, JustSwap, JustLend, and Sun.io.

In addition, Dogecoin holders will soon be able to get interest on their holdings by transforming their dogecoins into USDT on the Tron Network.

In an instant, Tronscan.org reveals the Tron blockchain includes 50 million DOGE tokens in total, with each representing one DOGE and representing the Tron network in real-time.
This suggests that Dogecoin will have a supply of 50 million on Tron.

The dogecoin neighborhood waited for the live performance of Tesla CEO, Elon Musk, on Saturday Night Live yesterday. Mr. Musk has actually been called an informal leader of the DOGE community on several events.

Dogecoin had actually reached an all-time high of $0.7376 a number of hours before Saturday Night Live aired. Nevertheless, DOGE quickly started to decline in price and diminished by over 30% once the program aired.

A variety of charts have actually been created revealing the Dogecoin price prior to and after the show.

It is evident on the charts that Dogecoin was up to as low as $0.47 throughout the episode of Saturday Night Live. Dogecoin bounced back tough to recover the $0.50 price location as support.

When this post was written, Dogecoin was trading at $0.52 and might go through a quick period of combination prior to taking a definitive instructions.

Traders and investors ought to understand that Dogecoin markets tend to be very unstable, as evidenced by the huge dump throughout Elon Musk's SNL episode.

Since utilize on futures markets increases risk, trading Dogecoin on area markets lessens it, whereas utilize on a futures market can minimize the danger.