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Dogecoin: Libdogecoin Update Released For DOGE – But Will It Boost Memecoin’s Price?


Dogecoin (DOGE), the beloved internet meme-turned-cryptocurrency, has once again caught the attention of crypto enthusiasts worldwide. This time, it’s all courtesy of the unveiling of a new Libdogecoin release version 0.1.2 by developer Michi Lumin, following weeks of teasing. 

The new update promises to bring about an array of improvements to DOGE’s capabilities, which could potentially have a significant impact on its price action in the coming months.

The latest development by Lumin, who is known for his contributions to the cryptocurrency space, is expected to further enhance DOGE’s reputation as a viable investment option.

Image: Dogecoin Foundation

Dogecoin Libdogecoin 0.1.2 Upgrade Details

Lumin took to Twitter to announce the highly-anticipated release of Libdogecoin version 0.1.2, describing it as a significant upgrade that includes a roll-up of the interim 0.1.1 release. 

In addition to the improvements in synchronization speed and an updated user interface, Lumin revealed that the new version now supports the generation of seed phrases in multiple languages and has enhanced key and address derivation. 

Lumin emphasized that the new version is a culmination of numerous changes since the initial release of Libdogecoin, and the updates are set to further enhance the security and efficiency of the popular cryptocurrency.

According to the developer, the blockchain can now support QR codes that generate images and the ability to sign messages. Alongside these improvements, Libdogecoin has received upgrades in its dependencies and network awareness.

Lumin also revealed that there is ongoing work for new features that will be included in the next release, version 0.1.3.

Price Impact Of Libdogecoin Upgrade

Blockchain upgrades are always an exciting time for cryptocurrency investors, as they often signify new and improved features that could potentially boost a coin’s value.

When a cryptocurrency undergoes a blockchain upgrade, it usually means that the technology behind it is becoming more advanced and efficient. This, in turn, increases the cryptocurrency’s appeal to investors and can result in a surge in its price.

DOGE total market cap now at $9.9 billion on the weekend chart at TradingView.com

But contrary to what many investors might expect, the price of DOGE is currently experiencing a decline. CoinMarketCap data shows DOGE is trading at $0.0759, marking a 1.70% decrease in value over the past 24 hours. 

Still, Dogecoin remains a key player in the crypto market, ranking among the top 10 crypto assets, and boasting a market capitalization of over $10 billion.

While fluctuations in price are not uncommon in the volatile world of cryptocurrency, it remains to be seen how DOGE’s recent dip will affect its long-term trajectory. 

-Featured image from Portal Cripto





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