{"id":158419,"date":"2021-05-14T23:00:51","date_gmt":"2021-05-14T17:30:51","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=158419"},"modified":"2021-05-14T20:23:04","modified_gmt":"2021-05-14T14:53:04","slug":"is-dogecoin-taking-the-first-step-towards-becoming-more-than-a-meme-coin","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/is-dogecoin-taking-the-first-step-towards-becoming-more-than-a-meme-coin\/","title":{"rendered":"Is Dogecoin taking the first step towards becoming more than a &#8216;meme coin?&#8217;"},"content":{"rendered":"<p>Dogecoin is once again up and running, although this time as a pack leader of its group. The &#8216;meme coin&#8217; has had a roller coaster of a bumpy ride this year, with the surge preceding and downturn following Musk&#8217;s SNL appearance being a case in point. But now, having passed that volatile period, is Dogecoin in the safe zone now?<\/p>\n<p>That&#8217;s a tricky question, one that can only be answered once the Dogecoin community actually settles down.<\/p>\n<p>Tesla CEO and self-proclaimed &#8216;Dogefather&#8217; was at it once again yesterday in another attempt to promote his favorite cryptocurrency. The timing of the same was interesting here, especially since at the time, the crypto-market was still working on recovering its losses that followed Tesla <a href=\"http:\/\/ambcrypto.com\/can-xrp-stand-to-gain-from-tesla-dumping-bitcoin-payments\/\" target=\"_blank\" rel=\"noopener\">suspending<\/a> BTC payments.<\/p>\n<p>In his latest tweet, Musk commented,<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Working with Doge devs to improve system transaction efficiency. Potentially promising.<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1392974251011895300?ref_src=twsrc%5Etfw\">May 13, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Going on to present his advocacy of DOGE, Musk also cited the development as being &#8220;potentially promising&#8221; on Twitter.<\/p>\n<p>As expected, as in the past, DOGE&#8217;s price surged on the back of such speculative news. In fact, it climbed by 22% in 24 hours of the tweet. At the time of writing, the Shibu Inu-inspired meme coin was trading at $0.51. Another contributory factor to this hike was the news that popular crypto-exchange Coinbase will be <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-13\/coinbase-to-enable-dogecoin-trading-in-six-to-eight-weeks\" target=\"_blank\" rel=\"noopener\">enabling<\/a> Dogecoin trading soon.<\/p>\n<figure id=\"attachment_158583\" aria-describedby=\"caption-attachment-158583\" style=\"width: 1729px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/05\/DOGE-CS.jpg\"><img decoding=\"async\" class=\"wp-image-158583 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/05\/DOGE-CS.jpg\" alt=\"\" width=\"1729\" height=\"517\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/05\/DOGE-CS.jpg 1729w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/05\/DOGE-CS-300x90.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/05\/DOGE-CS-1024x306.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/05\/DOGE-CS-768x230.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/05\/DOGE-CS-1536x459.jpg 1536w\" sizes=\"(max-width: 1729px) 100vw, 1729px\" \/><\/a><figcaption id=\"caption-attachment-158583\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/coinstats.app\/en\/coins\/dogecoin\/\" target=\"_blank\" rel=\"noopener\">Coinstats<\/a><\/figcaption><\/figure>\n<p>The world&#8217;s second-richest man&#8217;s collaboration with <a href=\"https:\/\/www.globenewswire.com\/news-release\/2021\/05\/12\/2228436\/0\/en\/DogeLabs-io-Announces-Global-Initiative-to-Build-DevOps-Teams-Around-Dogecoin-Platform.html\">AppSwarm Corp<\/a> and <a href=\"http:\/\/dogelabs.io\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">DogeLabs.Io<\/a> could see a hike in DOGE&#8217;s system transaction efficiency. The main focus here will be to form a <a href=\"https:\/\/www.globenewswire.com\/news-release\/2021\/05\/12\/2228436\/0\/en\/DogeLabs-io-Announces-Global-Initiative-to-Build-DevOps-Teams-Around-Dogecoin-Platform.html\">global development group<\/a> with an aim to build <a href=\"https:\/\/github.com\/dogecoin\/dogecoin\/tree\/1.14.4-dev\">applications<\/a> on top of the DOGE&#8217;s blockchain. The <a href=\"https:\/\/twitter.com\/dogecoin_devs?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\">DevOps<\/a> team plans to expand to different geographical locations &#8211; Europe, Asia, the Middle East, Africa, and South America.<\/p>\n<p>&#8220;While we build out our own development teams here in New York City and [Tulsa, Okla.] the plan is to also bring together developers from around the world who wish to build off the Doge blockchain,&#8221; said Tom Bustamante, CEO of DogeLabs.<\/p>\n<p>&#8220;DOGE is quickly going from a joke MEME coin to an actual form of currency payment with real organizations,&#8221; he added.<\/p>\n<p>A lot of the criticism directed at Dogecoin has come from the assertion that DOGE&#8217;s development has for long been stalled thanks to a sporadically working team. The aforementioned developments are attempts to counter this characterization.<\/p>\n<p>It&#8217;s worth noting, however, that Musk&#8217;s involvement has received its fair share of backlash. Core developer Sporklin was one of those to criticize Musk, with the developer <a href=\"https:\/\/voi.id\/en\/technology\/47286\/dogecoin-fans-mourn-doge-creator-dies\" target=\"_blank\" rel=\"noopener\">stating<\/a>,<\/p>\n<blockquote><p>&#8220;Elon has been playing with Dogecoin for years on social media. It&#8217;s only recently that people have tried to turn it into something else\u2026 Things don&#8217;t change\u2026 Elon doesn&#8217;t agree with anything, Elon has nothing to do with projects, lists, agreements\u2026 nothing. He&#8217;s a meme and a troll.&#8221;<\/p><\/blockquote>\n<p>Dogecoin&#8217;s current developers were evasive, to say the least.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are aware a new company has started offering devops services on Dogecoin. Please note this does not involve any of the team maintaining Dogecoin Core.<\/p>\n<p>&mdash; Dogecoin Developers (@dogecoin_devs) <a href=\"https:\/\/twitter.com\/dogecoin_devs\/status\/1392778772072513536?ref_src=twsrc%5Etfw\">May 13, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin is once again up and running, although this time as a pack leader of its group. The &#8216;meme coin&#8217; has had a roller coaster of a bumpy ride this year, with the surge preceding and downturn following Musk&#8217;s SNL appearance being a case in point. But now, having passed that volatile period, is Dogecoin<a href=\"https:\/\/ambcrypto.com\/is-dogecoin-taking-the-first-step-towards-becoming-more-than-a-meme-coin\/\">Continue reading <span class=\"sr-only\">&#8220;Is Dogecoin taking the first step towards becoming more than a &#8216;meme coin?&#8217;&#8221;<\/span><\/a><\/p>\n","protected":false},"author":68,"featured_media":94777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-158419","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Is Dogecoin taking the first step towards becoming more than a &#039;meme coin?&#039; - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Tesla CEO and self-proclaimed &#039;Dogefather&#039; was at it once again yesterday in another attempt to promote his favorite cryptocurrency....\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/is-dogecoin-taking-the-first-step-towards-becoming-more-than-a-meme-coin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Dogecoin taking the first step towards becoming more than a &#039;meme coin?&#039; - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Dogecoin is once again up and running, although this time as a pack leader of its group. The &#039;meme coin&#039; has had a roller coaster of a bumpy ride this\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/is-dogecoin-taking-the-first-step-towards-becoming-more-than-a-meme-coin\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-14T17:30:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2019\/06\/team-1928848_960_720-e1559910588886.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shubham Pandey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/crypto_shubham\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shubham Pandey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/is-dogecoin-taking-the-first-step-towards-becoming-more-than-a-meme-coin\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/is-dogecoin-taking-the-first-step-towards-becoming-more-than-a-meme-coin\\\/\"},\"author\":{\"name\":\"Shubham Pandey\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/7710783316829dfc843195d4eafda9e4\"},\"headline\":\"Is Dogecoin taking the first step towards becoming more than a &#8216;meme coin?&#8217;\",\"datePublished\":\"2021-05-14T17:30:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/is-dogecoin-taking-the-first-step-towards-becoming-more-than-a-meme-coin\\\/\"},\"wordCount\":505,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/is-dogecoin-taking-the-first-step-towards-becoming-more-than-a-meme-coin\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/team-1928848_960_720-e1559910588886.jpg\",\"articleSection\":[\"Altcoin\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/is-dogecoin-taking-the-first-step-towards-becoming-more-than-a-meme-coin\\\/#respond\"]}],\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/is-dogecoin-taking-the-first-step-towards-becoming-more-than-a-meme-coin\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/is-dogecoin-taking-the-first-step-towards-becoming-more-than-a-meme-coin\\\/\",\"name\":\"Is Dogecoin taking the first step towards becoming more than a 'meme coin?' - 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