#Ethereum at $3,800 is a good day.
Matter of time until #Litecoin follows.
On Sunday, Poppe noted that Dogecoin (DOGE) did not go up in relation to
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk’s appearance on “Saturday Night Live” but in fact went in the opposite direction.
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“I’d genuinely hope the momentum and hype fades away and the spotlight goes back to the beautiful, decentralized space and ecosystems” that are being built, Poppe said in a tweet.
It is noteworthy that DOGE and LTC can be merge mined. Galaxy Digital Research noted in their report “Dogecoin: The Most Honest Sh tcoin” that miners are now deriving more revenue from DOGE than from LTC.
What Happened: Markus laid out the security advantages of DOGE in a conversation with Benzinga on Monday.
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“I think after Dogecoin implemented AuxPOW, it became one of the most secure coins on a Proof of Work blockchain,” revealed Markus.
The Auxiliary proof-of-work or AuxPOW switch was announced in August 2014 post a suggestion by the creator of
Litecoin (LTC) Charlie Lee on Reddit.
AuxPoW allows one cryptocurrency to leverage work done on another cryptocurrency in essence creating a parent and an auxiliary blockchain.
The co-creator of Dogecoin told Benzinga that, post the implementation of AuxPOW, the cryptocurrency “can merge mine with any Scrypt coin.”
What Happened: Schiff said on Twitter that those BTC pumpers who claim that BTC is better than gold because its price has risen more than gold “must now concede that Dogecoin is better than Bitcoin.”
Schiff said that BTC has lost 97% of its value versus DOGE adding, “The market has spoken. Dogecoin is eating Bitcoin.”
As of the start of 2021 DOGE has risen 7,724.77%, BTC has risen 88.64%, and Spot Gold has fallen 6.76%.
DOGE traded 22.88% higher at $0.38 on a 24-hour basis, Bitcoin was down 1.35% at $55,044.37. Spot Gold was down 0.008 at $1,770.04 per ounce.
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Schiff had a stark warning for so-called Bitcoin holders investors who adopt a buy and hold strategy.
What Happened: Schiff said on Twitter that those BTC pumpers who claim that BTC is better than gold because its price has risen more than gold “must now concede that Dogecoin is better than Bitcoin.”
Schiff said that BTC has lost 97% of its value versus DOGE adding, “The market has spoken. Dogecoin is eating Bitcoin.”
As of the start of 2021 DOGE has risen 7,724.77%, BTC has risen 88.64%, and Spot Gold has fallen 6.76%.
DOGE traded 22.88% higher at $0.38 on a 24-hour basis, Bitcoin was down 1.35% at $55,044.37. Spot Gold was down 0.008 at $1,770.04 per ounce.
See Also:
Schiff had a stark warning for so-called Bitcoin holders investors who adopt a buy and hold strategy.