Dogecoin reduces fees, Elon Musk: “Important”
Dogecoin reduces fees, Elon Musk: “Important”
Altcoin

Dogecoin reduces fees, Elon Musk: “Important”

By Stefania Stimolo - 10 Nov 2021

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Dogecoin has confirmed the Core 1.14.5 upgrade that reduces transaction fees in DOGE. Under the announcement tweet, the CEO of Tesla, Elon Musk endorses the message, commenting: 

“Important”. 

Dogecoin update, reduced fees and Elon Musk’s support

Yesterday, on Twitter, Mishaboar reportedly shared the announcement about the Dogecoin Core 1.14.5 update that took place, recommending users to proceed for important security fixes and to have DOGE transaction fees reduced. Elon Musk, in the comments, reinforces the importance of the event and the recommendations.

“Core 1.14.5 is out! Users are recommended to update immediately due to important security fixes. 1.14.5 reduces the recommended fees, following the reduction of the relay fees in 1.14.4. You also get bug fixes and performance improvements”.

“Important”.

Of few words, but always very much present when it comes to his favourite crypto meme, the richest man in the world doesn’t miss an opportunity to support it. 

And so within a month and a half of Musk’s last critical comment on the issue of DOGE’s fees, which he claimed were too high even to buy cinema tickets, it now seems that his desire to see the fees decrease is a reality.

Dogecoin

DOGE possibly being tested to pay for Elon Musk’s Teslas

This past week, the user @Tree_of_Alpha showed in a series of 8 tweets that the analysis of Tesla’s source code that shows “Order in SHIBA” as a payment option refers to DOGE. 

This might suggest, first of all, that Musk is testing his favourite crypto-meme as a payment method to buy Tesla cars and accessories. 

However, while there is no official word on this yet, the user’s test is intended to show that “Order in SHIBA” was referring to Dogecoin (DOGE) and not its ‘killer’ Shiba Inu (SHIB). 

The doubt had arisen from the name SHIBA displayed on the code, which refers to the real face of the dog on Dogecoin. The dog belongs to the Japanese breed Shiba Inu. 

Shiba Inu and Dogecoin: the current situation of the two crypto memes

With the explosion of Shiba Inu (SHIB), which since last month seems to have taken a run at the cryptocurrency rankings, catching up with and even surpassing its rival Dogecoin (DOGE), the situation now seems to have changed.

With statements even from Musk himself at the end of last October, who denied owning SHIB tokens, but rather confirmed that the only crypto-meme he owns is DOGE, SHIB has seen a drop in price, dropping to 11th place by market capitalization. 

Over the past week, SHIB has dropped below the $0.000066 price to hit $0.000044 and stopped at $0.000051 at the time of writing.

DOGE, on the other hand, has been in a bullish trend over the past 7 days with the price fluctuating between $0.27 and $0.30. 

Stefania Stimolo

Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.

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