Dogechain (DC) Price Explodes, Here's Why

Dogechain (DC) Price Prediction

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Dogechain (DC) PriceExplodes 220%, Here's Why

It reached anew all-time high of $0.002694 an hour ago before turning some gains. The hugeprice spike came after KuCoin, one of the top cryptocurrency trading platforms,announcedthe listing of the token. Its users will be able to start tradingthe DC/USDT pair from August 27th. On top of this, DC was listed by MEXCGlobal earlier today.

Dogechainshould serve as a Layer 2 solution for the top Mem Coin, bringing non-fungibletokens and various decentralized finance applications to Dogecoin users byproviding full compatibility with Ethereum-based smart contracts. ThePolygon Edge-based protocol also touts itself as a cheaper and fasteralternative to the original chain. The world's top meme coins are usedto pay fees on the Dogechain network.

According todata provided by Defilama, $16.67 million worth of Dogechain-based projects arelocked in value, with KibbleSwap (KIB) and Fruits of Ryoshi (NONI) experiencingthe biggest growth in the past 24 hours. The Dogechain team is expected toconduct an airdrop of its native token for Dogecoin holders later this year.Although details are scant, the project intends to give away"millions" of tokens, according to its website.

Dogechain'smassive price spike indicates that retail investors are still desperatelyhunting for canine coins which could be another gem. After Dogecoin and ShibaInu posted great returns last year, a lot of offshoots attempted to capitalizeon the Dogecoin craze.

Dogechain, Ethereum, cryptocurrency, KibbleSwap, Non fungible tokens, Defilama, Dogechain network, Dogechain holders

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