Dogecoin is witnessing a decline in popularity and an attempt to boost its adoption

Dogecoin experienced currency Dogecoin A slowdown in momentum, with the price crash plaguing the crypto market as a whole, according to Bitcoinist About bitcoin In September, the number of transactions decreased Dogecoin To levels not seen in a year 2017.

On-chain data showed that the number of daily transactions decreased to 16441 daily, which indicates declining interest in the cryptocurrency, which has mostly been built on a “bubble.”

An attempt to promote the adoption of Dogecoin

Recently, the co-founder Billy Marcus What is believed to help promote currency adoption Dogecoin; bridge Dogecoin Ethereum With icons support NFT for cryptocurrency.

Marcus that add a bridge DOGE-ETH As a payment method for tokens NFTs On platforms like open sea , will increase the usefulness of digital assets.

Recent price movements

As the week draws to a close, I witnessed Dogecoin Some big price hike, after enduring a week of decline.

Where the price fluctuated between maintaining the level 0.2 USD and drop below, hitting month lows, although the weekend may bring some good news for the digital asset, rising again above 0.21 dollar.

The falling prices made Dogecoin Just around the corner to get off the best list 10 Digital currencies in terms of market capitalization, which is currently ranked tenth, and the market value of the cryptocurrency is now 28 one billion dollar.

The price has increased by 6% within 24 The last hour, as the trading volume increased with the opening of the weekend, the currency is trading at 0.216 dollars at the time of writing.