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Recently, there has been a heated discussion in the community that after Musk joined Twitter, will Dogcoin be introduced simultaneously? Let investors have high hopes. This article will provide an overview of the birth history of Dogcoin and explore its charm, gradually becoming a popular payment token in the coin industry. Tesla founder Elon Musk, known as the godfather of Dogcoin, reiterated his support for Dogcoin in an interview with Twitter Spaces last month, saying:DogecointothemoonAnd he said that Twitter, which he just acquired, will be committed to making meme trading easier, causing another controversy and raising the price of DOGE coins.Originating from a joke, but becoming the eighth largest cryptocurrency by market valueWe all know that the birth of Dogcoin was originally just a joke. Two American engineers, Jackson Palmer and Billy Markus, simply modified the source code of Bitcoin to create what is now Dogcoin. Before starting to explore whether Dogcoin can truly become a popular payment token, let's briefly review its history.Important History of Dog Coin:December 2013: officially born.In June 2014, the Dogecoin Foundation was established to maintain the project.April 2015: Co founder Jackson Palmer leaves Dogcoin.In January 2018, Gougou Coin briefly broke through $0.016 and had a market value of over $2 billion, but then plummeted.In July 2020, the spread of memes on TikTok once again became popular, leading to a significant increase of nearly 100% in the price of dog coins.In the first half of 2021, Musk repeatedly expressed his love for dog coins on Twitter. At that time, the price of coins often skyrocketed and plummeted due to one of his words or pictures, reaching a historical high of $0.74.In October 2022, Musk officially joined Twitter, and Dogcoin skyrocketed simultaneously, climbing from approximately $0.06 to nearly $0.13, directly doubling.DOGE's highest station is $0.74! Musk Jugong Jue WeiAt present, the historical high point of Dog Coin is 0.74 US dollars, which occurred in May 2021! In addition to the popularity of memes in the community, it must be said that Musk did play a key role in it. Without his global influence, Dogcoin might not have achieved such an astonishing record.Will Twitter bring huge growth momentum to Dogcoin?In this context, the recent topic of widespread discussion in the community is that Musk may be able to expand the application scenarios of Dog Coin in one go after acquiring Twitter.Mobile previously reported that Twitter is suspected of developing a token called TwitterCoin for tipping functions. Is this Musk's warm-up exercise before officially supporting Dog Coin, which has filled many fans of Dog Coin with anticipation?Musk himself hinted at the possibility of introducing dog coins into Twitter payments when responding to the community's questions in November. A supporter of Dog Coin tweeted at the time:Twitter has approximately 396 million users worldwide, imagine if Dogcoin could become Twitter's currency!The grassroots nature of dog coins is deeply loved by usersIn addition to Musk's push and the native meme of dog coins, the popular tip culture in the United States is also one of the reasons for the popularity of dog coins. In Europe and America, if you provide good content or services online, people will be happy to pay a tip to express support.However, the high transaction fees of Ethereum have led people to tend to use cheaper dog coins. The low transaction costs and inherent entertainment nature of Ethereum have led more and more users to prefer using dog coins for rewards; At present, major community platforms have also launched expansion tools that can accept dog coin rewards.More than 1300 companies have accepted payment in dog currencyWe know that in order for cryptocurrency to become more popular and truly integrate into the lives of ordinary people, it is necessary to reach a consensus among more people and be willing to use it as the basis for payment.According to community statistics, so far only over 1300 companies have accepted Dogcoin as a payment method, further promoting the practicality of Dogcoin. Some of these large enterprises include:BitPay, a Bitcoin payment service provider in the United States, has supported customers to use the DOGE outbound platform leader UberEats to pay for outbound fees.AMC, the largest chain cinema in the United States, announced that it has accepted customers to pay for movie tickets using DOGE.Musk also announced in the middle of this year that its BoringCompany's "Casino Tunnel" can be paid using DOGE.Promoting charity to gain a good impressionIt is worth mentioning that the example of the dog coin community promoting social charity is often talked about.For example, the Dogcoin community raised $30000 within a few hours to help the Jamaican sled team participate in the 2014 Winter Olympics held in Russia, and another community called "Doge4Kids" successfully donated $30000 to charity. With numerous friendly and friendly applications, it has subtly enhanced the public's good impression of Dogcoin.What are the hidden worries about the future of dog coinsAlthough Dog Coin currently has the potential benefits mentioned above, there are still some hidden concerns, including: apart from being used for rewards, there are almost no related ecological applications, and will celebrity effects lose popularity. What if Musk abandons it?From a long-term perspective, without strong fundamentals and application ecosystem maintenance, it will be difficult to see the value of long-term investment. The dog coin, born from memes, currently has strong global recognition and liquidity, and as a token for payment, it has significant development potential.Whether Musk can truly introduce it into Twitter and whether the ecosystem can have more meta applications in the future is a long-term focus for investors and fans, and it is worth our continuous attention.

Is the future of dog coins in danger? If the price of DOGE hovers around $0.745 per token, there will be over 30 billion tokens on the brink of losing their positions

Due to the existence and correlation of liquid collateral derivatives, the unlocking of Ethereum tokens may not be a negative event for ETH.Experts believe that unlocking ETH tokens when counterfeit coins are 50% lower than their historical peak will be a small matter

On August 25th, IT Home reported that today, the Ethereum Foundation published an article stating that "after years of effort, we have finally welcomed the upgrade of the Ethereum proof of rights mechanism.The official stated that Ethereum is shifting towards a proof of rights mechanism, and the transition to the consensus mechanism of 'The Merge' must first activate Bellatrix upgrade on the beacon chain. After upgrading,The Ethereum chain of the proof-of-work mechanism will transition to the equity proof mechanism after reaching a specific total difficulty value Bellatrix upgrade plan in epoch144896 of beacon chainAt around 19:34:47 Beijing time on September 6, 2022

Reporter | Si LinweiAfter the successful upgrade of "Merge", which is closely watched by the entire network, the cryptocurrency market, including Ethereum, has not been able to break out of its independent market.On September 20th, the latest market data showed that Ethereum's current quotation reached $1360, a weekly drop of 20%; Bitcoin also fell to the critical $20000 level, quoting $19312, a weekly decline of 13

During today's trading session, Ethereum and cryptocurrency markets have shown strength and are trading in green. The expectations surrounding the upcoming major upgrade of ETH in "Shanghai" may support a positive price trend

The current price of ETH is $1867.62

Ethereum prices have been in the range of $1800 to $1900 over the past week.The decrease in whale activity and the flat foreign exchange balance indicate a contemplative mood among ETH traders

Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of MarsBit

Reported by Zhao Yi, Hu Jinhua, a reporter from China Times (www.chinatimes

After the current overall market adjustment, Ethereum experienced a reversal in the middle of the week. This correction was accompanied by a sharp drop near $1900 and has remained calm since then

Recently, Ethereum has completed its "Shanghai upgrade", with ETH breaking through the $2000 barrier. The surrounding ecosystem of Ethereum Layer-2 has also been hyped, especially after the Airborne drop of Orbitrum, a large amount of funds have poured into the Layer-2 track, which is exceptionally popular.In the past week, the number of transactions on the Ethereum main network was 7.296 million, while the total number of transactions on Layer-2 was 19.469 million, of which Orbitrum alone accounted for 10.405 million transactions, more than half. That is to say, the number of transactions on the L2 track is more than twice that of Ethereum, and the number of transactions for a project on the Arbitrum (10.405 million) is significantly higher than the number of transactions on the Ethereum main network (7.296 million).We know that Layer-2 is the ecological construction layer of Ethereum, and in the future, most of the ecology will migrate. Therefore, it is expected that the prosperity of L2 in the future will surpass that of Ethereum's main network. The ecological explosion of Layer-2 in the future can also be expected.However, after observing ETH's on chain data, it is believed that in terms of price alone, ETH still has some hidden concerns in the long termShort term ETH prices have little impact and remain a hot topic in the marketThe ecological explosion in Layer-2 has resulted in minimal gas consumption. In the past week, the destruction of Ethereum gas was 19818, while the destruction of Arbitrum was only 632, accounting for 3.2%.It should be noted that Arbitrum has been heavily hyped recently, with an on chain activity of 140% compared to Ethereum, but gas accounts for only 3.2%, and other Layer-2 public chains are even lower.It cannot be denied that the surge in ETH from 2020 to 2021 and the decrease in supply have had a significant impact. The ETH2.0 beacon chain has successively pledged over 10 million ETHs, and the EIP1559 agreement has destroyed over 3 million ETHs. After the official conversion of ETH to the POS mechanism in September 2022, the supply decreased by 90%, resulting in deflation since the launch of ETH2.0.All of the above have led to ETH's strength in the secondary market.Layer-2 is one of the future competition tracks and the core battlefield of the Ethereum ecosystem, but it is still mainly hyped, and in this case, gas only accounts for about 5% of the total ETH consumption. However, it is difficult for the ecosystem around Ethereum to grow explosively in a short period of time, as the core applications are still defi, NFT, stable currency, etc., with less demand.The current gas model of Ethereum is still the same as before the ETH2.0 upgrade. The next upgrade is the "Cancun Upgrade", which focuses on significantly reducing transaction fees. V God once said that when Ethereum matures, gas will decrease by 99%. Now, Ethereum processes over 1 million transactions per day. If we want to maintain gas consumption, the number of transactions will need to exceed 100 million.Weinao believes that this will take a relatively long time to achieve, soAfter the hype of "Little Spring" in 2023 is completed, there may still be some pressure on the prices in the ETH secondary market before the next bull market arrives.