- The Dogecoin developer shared a website in a Twitter post.
- It is believed to be a weapon against fear, uncertainty and doubt.
- Dogecoin was trading at $0.06634 at the time of writing.
An Educational Step By Dogecoin Developers
Dogecoin is considered as the most fierce rival of Shiba Inu coin. The meme-coin is in the news especially due to Elon Musk’s support. Recently, a new initiative called Dogepedia was shared on the social media platform. Timothy Ebby said that this is a new weapon in the dogecoin FUD war. Post contained the link that redirected users to the website.
After analyzing Dogepedia, we found that it is an educational website similar to Wikipedia. But it only contains knowledge about Dogecoin only. As of now, the website contains answers to some frequently asked questions. The website is dedicated to the community and the developer has shown some faith that the users will assist in making it more prominent in future.
Best part of Dogepedia was the FUD and FAQ section, where developers answered sarcastically. To the question ‘Is Dogecoin a Joke?,’ they say that it is in fact a joke. But folks are slowly getting to know the utilitarian potential of the meme-coin. It is efficient, legit and more. There was a question regarding the burning mechanism similar to the Shiba Inu coin.
To the question, ‘Why is it not burned?,’ they say that this meme-cryptocurrency does not require such artificial mechanisms to alter the price.
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Whales Admiring Doge
As per the data provided by Santiment, over 100 transactions associated with the meme crypto were spotted. It is unclear why they are going for the Shiba Inu rival, but there is a possibility that users are witnessing the utility of the digital asset as a means of payment. Many vendors have started to accept it as payment for their businesses.
As of this writing, Dogecoin was exchanging hands at $0.06634 at the time of publishing, bullish by over 5% during the past 24 hours.
Source: https://www.thecoinrepublic.com/2022/07/28/dogepedia-a-wikipedia-for-dogecoin-a-tool-to-tackle-fud/