Friday, October 30, 2020
No menu items!
  • News
  • Cryptocurrency
  • Contact Us
More

    Dogecoin Can Achieve Instant Transfer for Micropayments More than Many Top Cryptos –OKEx CEO Jay Hao

    Must Read

    David Schwartz Highlights Obstacles Facing XRP As Price Lags Behind Bitcoin (BTC)

    XRP continues to underperform in the market compared to Bitcoin (BTC), the largest cryptocurrency by market capitalization. As this remains...

    Ripple Makes More Payments into MoneyGram to Boost Liquidity of XRP-Powered ODL

    Ripple, the blockchain payments firm, has reportedly paid millions in market development fees to the money transfer giant MoneyGram. According...

    Cardano (ADA) Can Now Be Purchased and Traded With Euro on Gemini Exchange

    Gemini, a top cryptocurrency exchange based in the United States, has announced that Cardano (ADA) can now be purchased...
    Avatar
    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    Jay Hao, the CEO of OKEx exchange, has claimed that the digital token created out of meme, Dogecoin (DOGE) has enjoyed development, longevity, and features that cannot be found in other old and top cryptocurrencies.

    He believes that Dogecoin (DOGE) can achieve instant transfer for micropayments better than many top digital currencies.

    He said this when answering Cointelegraph’s recent inquiry regarding new OKEx features related to Dogecoin. During the conversation, Jay Hao showcased his positive view of the digital token.

    He noted:

    “Despite showing the lighter side of cryptocurrency, it is not a joke and has shown healthy development and longevity.”

    Hao also added that the way DOGE is “used for tipping on Reddit and Twitter has shown that it can achieve instant transfer for micropayments in a way that not many major cryptocurrencies can.”

    Talking about the marketing ability of the Dogecoin community, he said, “The community and the sophistication of its marketing is admirable, in fact, that any altcoin can command so much attention shows a deep understanding of user psychology.”

    Hao further referenced the controversial TikTok campaign started by a Dogecoin community member a couple of days, which resulted in a significant price increase experienced by the cryptocurrency.

    The TikTok challenge video that later became the most popular was posted under the hashtag #DogecoinTiktokChallange, coupled with a post that says:

    “Let’s all get rich! Dogecoin is practically worthless. There are 800 million TikTok users. Invest just $25. Once the stock hits $1, you’ll have 10 grand [$10,000]. Tell everyone you know.”

    Many crypto big guns tagged the positive result of the challenge as a pump and dump, but the OKEx CEO sees this differently.

    He said:

    “This type of marketing is truly extraordinary and shows how lower market cap coins are a lot easier to skyrocket the price. That a short video with someone saying ‘Let’s all get rich’ can double the price in just three days is really quite astounding. But that said, altcoin prices soaring is actually a matter of common occurrence and I’m not surprised by it anymore.”

    Hao also believes that “with bitcoin’s lack of volatility at the moment, people are looking to altcoins to realize trading gains.”




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    David Schwartz Highlights Obstacles Facing XRP As Price Lags Behind Bitcoin (BTC)

    XRP continues to underperform in the market compared to Bitcoin (BTC), the largest cryptocurrency by market capitalization. As this remains...

    Ripple Makes More Payments into MoneyGram to Boost Liquidity of XRP-Powered ODL

    Ripple, the blockchain payments firm, has reportedly paid millions in market development fees to the money transfer giant MoneyGram. According to the third quarter financial...

    Cardano (ADA) Can Now Be Purchased and Traded With Euro on Gemini Exchange

    Gemini, a top cryptocurrency exchange based in the United States, has announced that Cardano (ADA) can now be purchased by users on its platform...

    CZ Binance Reacts to Report Regarding Rumored FBI Investigation and Regulatory Evasion

    The CEO of Binance exchange, Changpeng Zhao, popularly known as CZ, has reacted to the rumor about the exchange being investigated by the Federal...

    New Daedalus Wallet Designed To Boost Cardano Delegation User Experience Is Out

    In the quest to improve network performance, the new Daedalus wallet designed to boost the Cardano delegation user experience has been released. In a series...

    More Articles Like This