Dogecoin stays the most important meme coin by market cap within the crypto market however its group and neighborhood proceed to work towards extra adoption of the digital asset. Over the past 12 months, there have been a number of adoptions of Dogecoin as fee providers amongst distributors and corporations similar to Tesla. This time round, it’s the MyDoge Pockets that has come out with a brand new manner for DOGE holders to make use of their cash in the actual world.
Present Playing cards For Dogecoin
In a latest announcement on Twitter, MyDoge Pockets revealed that it has added a brand new function for DOGE holders. The brand new integration would permit customers to have the ability to purchase present playing cards utilizing their Dogecoin. This comes with the latest v1.6.0 replace of each the Android and iOS apps for the pockets.
With this, Dogecoin customers are in a position to buy present playing cards similar to Amazon and iTunes card utilizing their DOGE. As well as, MyDoge Pockets customers can earn money again in DOGE once they store on a variety of marketplaces and eCommerce web sites utilizing the pockets.
Customers can entry these new options within the “Store” part the place the entire obtainable manufacturers are displayed. These manufacturers are proven in keeping with the place the consumer resides, and with the “Earn” function, it’s now doable to earn cashbacks when customers buy DOGE with fiat currencies.
Purchase Giftcards with Dogecoin! 🐶💰💳
Such Utility, A lot Wow! ✨
v1.6.0 now reside 📱 pic.twitter.com/ppt0ZGsQvP
— MyDoge Pockets (@MyDogeOfficial) December 24, 2022
Rising Adoption Doesn’t Transfer Worth
Regardless of the announcement that exhibits extra development within the adoption of Dogecoin for mainstream functions, the value of DOGE has not proven a lot optimistic motion. It continues to tether simply above $0.07 after dropping its footing and falling under this degree within the early hours of Wednesday.
DOGE briefly touches under $0.07 | Supply: DOGEUSD on TradingView.com
The meme coin additionally emerged as one of the crucial fashionable cryptocurrencies of 2022. Rating third on the checklist of probably the most searched cryptocurrencies of the 12 months, rating behind Bitcoin and rival meme coin Shiba Inu. Nonetheless, even this rise in reputation has not helped the cryptocurrency.
In line with knowledge from Messari, the value of the digital asset is down over 90% from its all-time excessive of $0.74 recorded in Might 2021. It has additionally shed a lot of the positive aspects it realized from the hype round high supporter Elon Musk buying social media platform Twitter about two months in the past. However, the digital asset stays extremely fashionable amongst crypto traders.
Dogecoin is at the moment buying and selling at $0.071 on the time of this writing, down over 5% within the final 24 hours.
Featured picture from PYMNTS, chart from TradingView.com
