Timothy Stebbing, a member of the Dogecoin Foundation, shared his views on the significance of practicality for Dogecoin and the current momentum driving its practicality.
According to Stebbing, the practicality of Dogecoin is equivalent to adoption, meaning "What can I do with my Dogecoin? Where can I use it?"
A member of the Dogecoin Foundation stated that while tools have been developed for holders, it's now time to create tools for merchants to elevate the practicality of Dogecoin to a new level.
Stebbing pointed out that the official corporate entity of the Dogecoin Foundation, 'houseofdoge', is building merchant solutions starting from the grassroots level and gradually scaling to enterprise-level blockchain. This initiative aims to promote the widespread adoption of Dogecoin and bring the next billion people into this ecosystem.
In another tweet, Stebbing criticized the idea held by some members of the crypto community that 'Dogecoin is a joke' and pointed out the necessity of building tools for the community to better, faster, and stronger mobilize the next generation of merchants and scammers to conduct business on Dogecoin's first layer.
The Dogecoin ETF welcomes options trading. Exciting news for Dogecoin is that digital asset management company Rex Osprey has announced that options are now trading on the REX-Osprey DOGE ETF, DOJE, providing investors with greater flexibility to hedge positions, pursue income potential, and quickly respond to opportunities in the ever-changing digital asset landscape.
DOJE is the first spot Dogecoin ETF in the United States, launched last week, which has excited the crypto community. In the past 24 hours, there has been an increase in whale activity for Dogecoin. According to Whale Alert, 126,275,187 Dogecoins (worth $29,860,454) were transferred from the Gate wallet to an unknown wallet.
Additionally, a total of 349,400,000 Dogecoins (worth $83,281,841) were also transferred between unknown wallets. On September 23, 800 million Dogecoins (worth $189,773,571) were transferred from an unknown wallet to Binance.
