KuCoin CEO Says DOGE Merchants Exceed Bitcoin

The Dogecoin ($ DOGE) hype led to a trading frenzy that exceeded transaction volumes even for Bitcoin, the alpha cryptocurrency. The DOGE cryptocurrency dominates the charts on most Korean crypto exchanges, which has led to its eventual rise and popularity in decentralized media. Although most of the hype surrounding Dogecoin is fueled by tech figures like Elon Musk, CEO of Tesla, the cryptocurrency that is a byproduct of Litecoin and also uses scrypt for the proof-of-work algorithm. Dogecoin was founded on December 6, 2013, initially as a joke and in response to the speculative nature of cryptocurrencies at the time. Since then, it has grown and exploded as one of the leading cryptocurrencies in terms of price point and market cap, currently standing at $ 64,269,059,387 (billion), according to data collections at the time of writing. Of this article. Explosive growth serving some of South Korea and DOGE's largest trade volumes globally. On KuCoin, $ DOGE dominates other pairs for the first time. It seems everyone who wanted to buy DOGE came to KuCoin. "DOGE-USDT's 24-hour volume reached $ 606 million ATH between May 5-9, double surpassing the BTC-USDT pair," said Johnny Lyu, CEO of KuCoin. Previously, Lyu shared that DOGE could be used to trade in hotels, cafes or cinemas in the future: “Compared to Bitcoin, DOGE is better suited as a futures currency for higher supply, lower and faster transactions. It is tailored for daily payments and the community culture can easily resonate with the general public, ”said Lyu. According to Lyu, even if not the current hype around the coin, DOGE has a higher daily use potential than Bitcoin due to the lower barrier to entry and the connection to a much younger audience of coin users. crypto money. Johnny Lyu's comments on development with DOGE

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