Dogecoin Needs These Two Upgrades To Thrive, According to DOGE Co-Creator

A bridge between Dogecoin (DOGE) and Ethereum (ETH) have to be constructed and embraced by non-fungible token (NFT) platforms for the memecoin to actually thrive, says Dogecoin co-creator Billy Markus.

Markus tells his 500,000 Twitter subscribers that the completion of a DOGE-ETH bridge together with an NFT platform corresponding to OpenSea adopting the token might maximize DOGE’s effectiveness.

 

“NFT buying is excessive [in] demand with crypto. Permitting for DOGE purchases of NFTs drastically will increase its utility.”

This concept was previously proposed by Ethereum founder and Dogecoin advisory board member Vitalik Buterin, who has prompt {that a} DOGE-ETH bridge could lead on to decrease transaction charges and better speeds.

In a June interview with YouTuber Lex Fridman, Buterin mentioned,

“If we’ve a safe DOGE-to-Ethereum bridge then that might be superb. And when Ethereum will get its scalability, you’d give you the option to commerce with DOGE at extraordinarily low transaction charges and really excessive velocity as nicely.”

Markus’s remarks come on the heels of billionaire Elon Musk’s earlier endorsements and criticisms of the memecoin. Musk has prompt that DOGE ought to decrease its transaction charges.

Dogecoin is buying and selling at $0.21 at time of writing, a 32% lower from its 30-day excessive of $0.31, in accordance to CoinGecko.

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