DRC20 Tokens Boost Dogecoin Network as Transactions Skyrocket to ATH
Dogecoin has surged ahead of Bitcoin and Litecoin in daily transaction count, reaching an all-time high of almost 630k while BTC reached 575k and LTC stood at $341k, down by 36% from its recent ATH. The reason for this spike has been attributed to a rise in demand for DRC20 tokens, which are being minted on the Dogecoin network. Despite the divided opinions about this move from the Dogecoin community, some view it as an opportunity to stress test the network while others believe it’s best to employ well-engineered dedicated solutions to avoid congestion. Meanwhile, the crypto community is abuzz with speculation about Twitter’s new CEO, who Elon Musk recently announced would begin in six weeks without revealing her identity. The Wall Street Journal has reported that Linda Yaccarino is the top choice for the job, and her Twitter profile shows an interest in Dogecoin-related accounts like the creator of Dogecoin, Sir Doge of the Coin, and DogeDesigner, in addition to Tesla and Twitter’s official account.