The meme coin Dogecoin (DOGE), which Tesla CEO Elon Musk is a fan of, left a mark in history as the first crypto currency to be sent via RadioDOGE in an offline environment.
DOGE travels offline
Dogecoin core developer Michi Lumin tweeted about the first RadioDoge transaction using libdogecoin, which was finally transferred to the Dogecoin mainnet via Starlink:
Hi. I’m sleepy again so no big talk, but I just did that. Just libdogecoin, I sent 4.2069 Dogecoin 100 miles away using the radio.
RadioDoge to Dogecoin for individuals living outside the reach of normal internet infrastructure It focuses on using low-cost radio technology (HF/LoRaWAN) together with the global Starlink satellite network to provide inexpensive, large-scale access. This development will allow Dogecoin to be able to transact without using the internet. Regarding the subject, Michi Lumin shared:
First Dogecoin transaction. It happened using RadioDoge without internet. Wow. Radio Doge will provide access to Dogecoin for people outside of internet access.
As we have mentioned in the news of Cryptokoin.com, the DOGE team in the past weeks, He focused on laying the foundation for many future projects besides RadioDoge, using the first phase of Libdogecoin, a building block for building DOGE projects.
The Dogecoin Foundation describes the purpose of Dogecoin as making DOGE the de facto worldwide currency for the exchange of goods and services. The Foundation is currently working on some projects aimed at getting the DOGE Ecosystem ready for rapid grassroots adoption. The project we are talking about is being developed based on the fact that 1.7 billion people in the world are unbanked.
Dogecoin (DOGE) price action
At the time of writing, the meme coin was trading at $0.1358, losing 2.53% in the last 24 hours . Crypto analyst Tomiwabold Olajide states that DOGE remains in consolidation within the daily 50 and 200 moving averages. A break of the MA 200 at $0.177 might be necessary to crush the sideways trade action.
According to data from IntoTheBlock, DOGE profitability remains at 57%, which indicates that most DOGE owners are no longer at a loss, unlike the March data. Just a month ago, Dogecoin’s profitability was around 40%. The increase in profitability indicates that the majority of cryptocurrencies held by investors are purchased in the $0.15 to $0.16 range.
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