People used Dogecoin as the best meme Crypto asset option for their payment on the Bitpay platform.
Bitpay is a Crypto payment platform, known to provide Crypto supported services for online businesses to accept payments easily in Cryptocurrencies. In 2021, Dogecoin grabbed huge popularity in the Crypto sector and Bitpay noted that the majority of the customers demanded to allow Dogecoin as an option on the platform.
On 6 Jan 2023, a Crypto Twitter user shared a screenshot of a chart from Bitpay and noted that Dogecoin was used by huge numbers of Bitpay users via the Bitpay platform. And this year Doge’s use of Bitpay was 9.8% out of the other total cryptocurrencies use.
In 2021 Dogecoin was the fourth most used crypto asset on Bitpay and also this year Dogecoin successfully sustained its position with more dominance. This Bitpay data will surely spread huge confidence among the Dogecoin Community.
In 2020, Tesla CEO Elon Musk started to talk about Dogecoin and finally in 2021 Dogecoin surged by multiple folds & hit $0.68 but later plunged badly.
At the time of writing this article, the price of Dogecoin is $0.071 and this price is 2.87% higher over the last 7 days of trade price.
In the present time, from the all-time high, Dogecoin is down by 89% and the worst thing about Dogecoin is increasing per year supply in billions and also no actual development works. Just a few days ago, a Dogecoin core dev informed the Crypto community that people should not follow any information from outsiders because all of them are wrong and also confirmed that devs are not planning to shift the Dogecoin blockchain network from Proof-of-work (PoW) to Proof-of-stake (PoS).
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