Dogecoin: This Crucial Core Update Will Boost DOGE Price
Dogecoin developers are preparing for kernel updates 1.14.7 and 1.21, which are expected to come in the coming months. News of Elon Musk’s takeover of Twitter recently sparked a brief rally at DOGE.
Despite the crypto winter of 2022, memecoin Dogecoin (DOGE) is stubbornly continuing on its way, holding a position among the top ten cryptocurrencies by market cap. Mishboar, a Dogecoin-focused Twitter account, recently posted news regarding kernel development in the Dogecoin ecosystem.
The Dogecoin development team is currently working on two major kernel releases, updates 1.14.7 and 1.21. According to developer Patrick Lodder, the two updates will be the basis for the future of Dogecoin.
1.14.6 will bring bug fixes and new features, while the 1.21 update will be the gateway to the future, according to the developer.”
According to Lodder, update 1.14.7 should come by the end of the year. followed by kernel version 1.21 in March 2023.
Dogecoin and Elon Musk
Tesla CEO Elon Musk is an avid fan and promoter of the meme cryptocurrency. Its extensive support over the years is why DOGE is still among the top ten cryptocurrencies by market cap.
Interestingly, Musk believes that DOGE is better suited for payments than Bitcoin. Musk was excited about the July 1.14.6 update to the Dogecoin kernel. It included important security fixes as well as changes to the existing fee structure. After this update, the recommended dust limit dropped from 1 DOGE to 0.01 DOGE.
Although DOGE remains among the top ten digital assets, it has fallen more than 90 percent since its peak of $0.74 in May 2021. The news that Musk now wants to take over Twitter again led to a short-term but insubstantial recovery in DOGE’s price. Dogecoin enthusiasts expect Elon Musk to integrate DOGE payments into the Twitter platform after the acquisition. However, the excitement has died down again.
Unlike Musk, a number of analysts are questioning the usefulness of DOGE — but perhaps they haven’t fully grasped the situation. In any case, Musk is convinced that Dogecoin can be advantageous – for him. Others were never mentioned.
