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The analyst noted that Cardano’s price is testing these moving averages, indicating the need for an explosive move to establish a bullish trend.
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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.”
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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
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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
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At the time of writin BTC's price changed hands for over $28,450, its highest level in two weeks.
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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.
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