The hype surrounding these new assets has led to the proliferation of these tokens within the crypto community. A Dogecoin enthusiast, Mishaboar said:

“DRC20 tokens are minted on the Dogecoin chain because of the low fees, and for a kind of “fetish” of minting meme tokens on top of the meme coin blockchain that started it all.”

The DRC-20 model facilitates the creation and trading of tokens on the Dogecoin blockchain, similar to how ERC-20 tokens function on the Ethereum network but using the BRC-20 standard as inspiration.
#Ethereum

Following the increasing popularity of Bitcoin’s BRC-20 tokens, DOGE enthusiasts implemented a similar model, namely DRC-20 tokens, which contributed to the surge in Dogecoin’s transaction volume.
#DogeCoin

At the time of writin BTC's price changed hands for over $28,450, its highest level in two weeks.

Bitcoin (BTC) markets posted modest gains at the beginning of the March 29 trading session as traders sought stability above $28,000, a psychological support andresistance level.

CoinMarketCap indicated that, at press time, both BTC and ADA were trading in the green.

the analysis highlighted the thriving ecosystems of both Bitcoin and Cardano, with various altcoins launching on Cardano and Bitcoin’s ecosystem witnessing developments in NFTs and BRC20 tokens.

BTC was worth about $27,933.84 after a 2.70% price increase. Meanwhile, ADA was trading hands at $0.3801 after a 1.77% price rise.

the analysis highlighted the thriving ecosystems of both Bitcoin and Cardano, with various altcoins launching on Cardano and Bitcoin’s ecosystem witnessing developments in NFTs and BRC20 tokens.

the analyst and crypto trader Dan Gambardello expressed his bullish sentiment towards Bitcoin (BTC) and Cardano (ADA), stating that he sees tremendous opportunities in both cryptos.

He emphasized that his confidence lies not only in the prices of BTC and ADA, but also in the overall crypto ecosystem and its developments.

The analyst noted that Cardano’s price is testing these moving averages, indicating the need for an explosive move to establish a bullish trend.

Gambardello also emphasized the significance of Bitcoin’s support at the 200-week moving average on the weekly chart, considering it a crucial level to watch.

ETH also experienced a price increase during this time, and was trading hands at $1,904.61 at press time.

This allowed BTC to strengthen against its competitor, ETH, by about 0.07% throughout the past day.

At press time, the market leader was worth about $28,042.94 after a price increase of more than 3% over the past 24 hours.

Data from CoinMarketCap indicated that BTC was one of the many cryptocurrencies trading in the green heading into the new week.

Looking at growth over the past couple of years, the global NFT market size was estimated to be $15.54 billion in 2021.

The future of NFTs in the fashion industry carries significant potential. This is because the segment is expanding in lock step with the wider NFT market.

In an episode of Cointelegraph’s Crypto Stories, Cheds shared his humble beginnings. According to the technical analyst, he always dreamed about trading stocks since he was a kid.