DogeCoin (DOGE) is now on Ethereum in the form of Wrapped DOGEJanuary 11, 2021
In 2013, Dogecoin was created as a payment system that is instant, fun and free from traditional banking fees. Today, wrapped DOGE has landed on Ethereum’s DeFi.
Wrapped Doge is pDOGE which is an ERC-20 token that wraps DOGE pegged 1:1 with Ethereum. They have to state that DOGE has never been able to be full of fun just it is about to be now with decentralized trading, flash and more.
It is now like DOGE farming on Ethereum’s DeFi. pNetwork powers the DOGE <>$pDOGE bridge with an open-source audited code-base and is supported by live attestation. That’s called the pNetwork Dawn. Many transparency!
These are explained in complete detail in the pNetwork Telegram community. While some of them are excited, others are not sure of what all these things are about and they are just beginning to understand.
When making money in crypto what investors think is that they invest and the price will rise with time. However, there are very few who take part in yield farming and DeFi to make the more out of what they have.
DOGE Coin Getting to know it Better
It is time that DOGE community members to their own research about things. Right now more than ever to be able to get to the next best step.
DOGE has been very clear in reinstating that it is important to be mindful of the intentions people have when they direct you to buy things. None of them are in the spot to be financially advising. Make choices right for you, do not ride other peoples FOMO or manipulation. Stay safe. Be smart.
Dogecoin have also stated that services, trading platforms, exchanges, and bots are not where you should leave your coins.
However, those who are looking to work their way in to DeFi are doing it at their own discretion and money making interests fully understanding the probable risks in the process.
For those who are just getting to know DOGE, it is a P2P crypto for trading, performing online transactions, and rewarding others. Dogecoin stands out by its Shiba Inu mascot and a tight community. DOGE is paired against USDT.
Recently, the price of DogeCoin went up after Elon Musk tweeted about it. Also, important to know that DOGE is a meme inspired cryptocurrency. The logic has been easily explained: “prices in this space are fueled by attention.” Therefore, when there is a significant increase in attention, a low market cap cryptocurrency can increase rapidly! Sustainability happens only with some best use case. Attention grabbing is easy sustainability is hard though.