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DRC20 craze Driven the transaction volume on the DOGE chain to

Date:2024-05-22 22:33:04 Channel:Build Read:

In the cryptocurrency market, the DRC-20 standard is setting off a craze, driving the transaction volume on the DOGE chain to continue to rise. At the same time, Super Bitcoin and Litecoin are also emerging in this wave of innovation. This trend is like a breeze blowing through the entire digital currency field, dazzling investors and stimulating more people's interest in cryptocurrency.

The rise of the DRC-20 standard has brought new vitality to the digital currency market. The popularity of this standard has greatly enhanced the interoperability between cryptocurrencies, providing investors with more choices. The increase in transaction volume on the DOGE chain also reflects the market’s recognition and acceptance of this standard. Investors have joined DOGE's trading ranks, hoping to benefit from it. The record high transaction volume on the DOGE chain has made people see the potential and prospects of this cryptocurrency.

Super Bitcoin and Litecoin, as established elites in the field of cryptocurrency, have also emerged in this trend. Super Bitcoin is highly regarded for its high degree of decentralization and security, attracting the attention of a large number of investors. Litecoin has won the favor of the market with its fast transaction speed and low transaction fees. Both cryptocurrencies have thrived amid the DRC-20 craze, bringing more possibilities to the entire market.

In this rapidly changing cryptocurrency market, investors need to remain vigilant and pay attention to market developments at all times. The rise of the DRC-20 standard, the increase in transaction volume on the DOGE chain, and the performance of Super Bitcoin and Litecoin all remind investors to always act with caution and invest rationally. At the same time, this also provides investors with more opportunities and choices, allowing them to better plan their investment portfolios and meet future challenges.

In this digital currency market full of vitality and opportunities, every investor has the opportunity to participate and share the results. Whether it is the promotion of the DRC-20 standard, the increase in transaction volume on the DOGE chain, or the emergence of Super Bitcoin and Litecoin, it provides investors with more choices and opportunities. Only by keeping up with the pulse of the market and constantly learning and improving can we remain invincible in this exciting world of digital currency.

The cryptocurrency market is like a never-ending city, full of endless possibilities and opportunities. The sweeping DRC-20 craze, the surge in transaction volume on the DOGE chain, and the sudden rise of Super Bitcoin and Litecoin are all showing us the infinite charm of this market. As investors, we need to remain rational, seize opportunities, and move forward bravely. Only by constantly learning and growing can we remain invincible in this ever-changing digital currency world.

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Coin Circle (120Btc.com) News: The BRC-20 speculation craze is gradually spreading to other PoW public chains, driving the number of single-day transactions on the Dogecoin (DOGE) chain to a record high, reaching an astonishing 650,000, running The outstanding performance of Bitcoin (BTC) and Litecoin (LTC) is all due to the recent rise of the DRC-20 token standard.

 Mixed reactions from the cryptocurrency community

According to a post by Dogecoin enthusiast Mishaboar, as users rushed to mint DRC-20 tokens on the Dogecoin chain, the number of single-day transactions on the chain soared to a record high of 650,000 on May 15. , once surpassing Bitcoin and Litecoin.

While some members of the cryptocurrency community are excited that Dogecoin has reached this milestone, others are skeptical and offer the opposite view.

For example, Dogecoin developer Patrick Lodder commented that these speculators are just "minting scams"; while netizen Morgan
Ralston believes that this is a great opportunity for the Dogecoin blockchain to demonstrate its processing capabilities to the world.

Martin, another cryptocurrency enthusiast
Stauber stood up and refuted that DRC-20 was not the main reason for the surge in on-chain activity. Citing transaction data analysis, he pointed out that most of the traffic on the Dogecoin chain comes from a small number of wallets with higher transaction volumes.

While opinions vary, the development highlights growing interest in Dogecoin and its potential in a variety of applications.

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