Dogecoin’s Big Update: What Core 1.14.8 Means for the Network

Author

Simon Chandler

Author

Simon Chandler

About Author

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Author Profile

Share

Copied

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

August 8, 2024

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

The Dogecoin price has gained by 5% in the past 24 hours, rising to $0.105 after developers released core update 1.14.8.

The update delivers important bug fixes, improving the Dogecoin protocol’s handling of transactions and making it more efficient overall.

Its arrival has helped to lift the DOGE price today, although the meme token remains down by 10% in a week and by 19% in a fortnight.

But with the new update highlighting how Dogecoin continues to improve its stability and performance, the coin’s price should correct these weekly and fortnightly losses soon enough.

Dogecoin’s Big Update: What Core 1.14.8 Means for the Network

As detailed in its GitHub page, Dogecoin Core 1.14.8 is a new minor version release that brings several notable updates.

These include improvements to transactions request tracking and to handling of orphan transactions, as well as reductions to data that can slow down throughput.

The changes are modest, but they nonetheless show how Dogecoin continues to evolve steadily.

Indeed, they show how the coin’s developers are serious about making DOGE a viable option for online payments.

And with reports suggesting that X could be close to launching payments on its social network, it works only to Dogecoin’s favor that it has made itself a little bit more efficient and reliable.

The market seems to agree with this assessment, given that DOGE has jumped by 5% today.

As its chart reveals, it has rediscovered some momentum in the past few days, with its relative strength index (purple) rising from 20 on Monday to 70 last night.

It has subsided a little in more recent hours, yet DOGE’s 30-period moving average (orange) is still rising towards the 200-period average (blue), hinting at a potential golden cross.

If such a cross arrives, then we may the Dogecoin price break out, something which has been on the cards for several weeks now.

When combined with an increasingly revitalized market, and with the likely arrival of rate cuts in September, DOGE could really surge.

It may hit $0.15 in the next few weeks, before climbing to $0.2 by Q4 and then $0.4 by the end of the year.

New High-Potential Meme Coins Promise Strong Returns

Dogecoin’s progress may be too gradual and modest for some traders, so some could be tempted to diversify into a selection of newer coins.

While newer tokens vary widely in quality and potential, some can often outperform the market by big margins, surging when they list on new exchanges.

This is particularly the case with presale coins, with one of most exciting new examples being Base Dawgz (DAWGZ), a multi-chain cryptocurrency that has already raised more than $2.8 million in its token offering.

DAWGZ is one of a select few multi-chain meme coins in the market, with the token set to run on Ethereum, Base, Solana, Avalanche and BNB Chain.

By operating on multiple chains, DAWGZ will have exposure to a much wider pool of potential users and holders.

This could help to boost its price over time, with the coin likely finding it easier to gain traction on more platforms.

It also helps its case that it makes use of the popular Shiba Inu meme, with its mascot being a base-jumping dog who complements the adrenaline-pumping aspect of much cryptocurrency investing.

The coin now has over 5,000 followers for its X account, providing some hint to how big it could grow once it launches.

As a token, it will have capped supply of 6.453 billion DAWGZ, with 20% going to its presale and another 20% for staking.

New investors can get involved in the sale by going to the official Base Dawgz website, where 1 DAWGZ currently costs $0.007414.

This price will rise in the next four days, so interested traders should act sooner or later.

And they should certainly act before its sale ends, since early signs suggest that it could rally hard on its listing.

Buy DAWGZ Now