The popular meme coin Dogecoin (DOGE) manages to stay on the agenda with new projects. According to the latest news, Dogecoin will launch another big project. DOGE developer Michi Lumin shared on Twitter on the subject.
Libdogecoin is coming soon…
The popular meme coin Dogecoin continues its projects despite deep losses in the crypto market. As shared by Dogecoin developer Michi Lumin, it’s possible that Libdogecoin will launch at V0.1 soon. In this context, Libdogecoin refers to the building block for creating DOGE projects.
In recent months, the Dogecoin team has been working on ‘Libdogecoin’ RadioDoge focused on laying the foundation for Gigawallet and many future projects. As we have mentioned in the news of Kriptokoin.com, in April, DOGE was sent for the first time without internet via RadioDOGE. This development was a historic moment for the meme cryptocurrency.
RadioDoge offers opportunities for individuals living outside the reach of normal internet infrastructure. The project aims to use low-cost radio technology (HF/LoRaWAN) in conjunction with the global Starlink satellite network to provide inexpensive, large-scale access to Dogecoin. This will allow Dogecoin to be able to transact without using the internet.
Also, GigaWallet integrates a no-custodial wallet into the Dogecoin network. In this way, it aims to provide a public drop-in solution for internet-based trading and tipping.
As it is known, 1.7 billion people in the world are without a bank. Projects take this fact into account. The Gigawallet and RadioDoge projects aim to get the Dogecoin ecosystem ready for rapid base adoption. The mission of the Dogecoin Foundation is to see Dogecoin become the de facto medium for the exchange of goods and services globally.
Dogecoin price performance
The decline of the crypto market, especially the leading crypto Bitcoin, intensified on Monday. Most crypto assets set new yearly lows in this crash. Dogecoin dropped to $0.049 before recovering slightly. At press time, DOGE was changing hands at $0.05521, down 0.80% in the last 24 hours. Currently, the meme coin ranks 10th in the crypto league in terms of market cap. DOGE hit an all-time high of $0.7376 about a year ago. However, it currently stands at 92.51% off its peak.
Meanwhile, Dogecoin co-founder Billy Markus, also known as ‘Shibetoshi Nakamoto’, talked about bear markets. Markus gave tips to crypto investors who want to buy dips. In this context, the co-founder of Dogecoin made the following statement:
What is the best thing to invest in a bear market? Bear market, bull market, the answer is always the same. Yourself. Learn marketable skills.
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