Memecoin traders are rejoicing as a faux L2 called Dogecoin led a DOGE market rally 🐕
Shitcoin traders have not had it easy at all since last November. Even the recent mini market rally did little to revive memecoins and joke projects, leaving altcoin aficionados scrambling for a few gains the macro environment throws them.
Pseudo because Dogechain is neither a real layer-two solution , nor is it officially affiliated with the founders of Dogecoin. DOGE holders can bridge to Dogechain and receive Wrapped Dogecoin to interact with DeFi apps and NFT marketplaces. And bridge they did, according to the Dogechain Twitter account:
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Dogecoin Jumps as Dogechain Gains Traction Among Retail Crypto TradersDogecoin prices have surged this week following retail interest in Polygon Edge-based network Dogechain, a bridge that allows traders to convert dogecoin (DOGE) to weighed dogecoin (wDOGE). shauryamalwa reports.
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