The well-known meme cryptocurrency which has been “endorsed” by a ton of big figures as well as the pop culture icons like Tesla’s Elon Musk was very popular in 2019 but then entered a period of stagnation.
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Now, the Dogecoin developers decided to speak out and announce all the things that investors, traders and fans of the cryptocurrency were hoping to hear.
As a reminder, the Dogecoin news in 2019 featured a highlight when DOGE received a listing on one of the biggest cryptocurrency platforms out there, Binance. This was a period when the price of the coin went up and when a lot of analysts hoped for listing on many other exchanges.
The Dogecoin developers decided to address this topic and spoke on Blokt near the end of 2019, announcing whether a listing on Coinbase is likely to go ahead following the wallet app for the platform being made last May. In a full statement, they said:
“We’ve gone through the Coinbase listing documents, and they require a lot of structure we don’t have, so at the moment, it’s not on our roadmap. It’s an unfortunate situation that despite cryptocurrencies being designed to be decentralized, being an actually decentralized project seems to confuse a lot of companies in the space.
That said, it would be great to see Dogecoin listed, and if we can help Coinbase with this, I’d love to hear from them. Obviously, Dogecoin is in the Coinbase Wallet app, and I’m hoping that’s a good sign.”
The Dogecoin developers continued in the cryptonews and noted that the coin has “a fixed inflation rate of 5.256 billion newly created coins each year” saying that this is fundamentally core for the cryptocurrency.
“Many people miss that we’re not founders, and Dogecoin had no pre-mine, so the current developers have had no better opportunity than anyone else to stockpile. What I mean is if we were in this to make money, it would be much easier to work on a cryptocurrency that already has a profit model, than try reinventing Dogecoin,” they continued.
It will be very interesting to see what the Dogecoin developers will do in 2020 and how the cryptocurrency will focus on adoption and further popularization.
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