Dogecoin introduced as a "joke currency" on 6 December 2013, had climb in starting September rocketing to a 6 month high after the news that a Doge-Ethereum is in progress that will make it possible for Doge-Ethereum blockchain. In the last week, the Dogecoin has more than doubled in value and its market value has risen by 70 percent .
The sudden rise in the Dogecoin price have a reason to the recent alpha release of Dodethereum, a Dogecoin-Ethereum bridge. Dogethereum will work a simple enabler bridge that facilitate fast and easy inter-chain transfer. They will increase Dogecoin flexibility and ride on Ethereum stable ecosystem.
Simply, the bridge uses the "Superblocks" concept to move coins DOGE to ETH and a "collateralized" bridge to move coins ETH to DOGE.Initially, Dogethereum launch as a separate digital asset, with the tricker DOGX through a hard fork. Accordingly, the communities decided not to split the Dogecoin chain.
I still think Dogecoin is undervalued.
It was one of the first cryptocurrencys.
It has really fast and cheap transactions.
Thats why I m not calling it a joke currency.
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