DOGE Price Rallies 8% As Dogecoin Launches GigaWallet

Dogecoin (DOGE), the largest crypto by market cap, amassed significant gains lately and even flipped Cardano (ADA). The Dogecoin price soared by 8% today due to the overall positive sentiment in the market and the GigaWallet launch. Moreover, Dogecoin’s GigaWallet launch is expected to boost its utility and boost the DOGE price gains.

Dogecoin’s GigaWallet Launch

The release of GigaWallet 1.0 marks a significant milestone for the cryptocurrency, as it introduces a resilient system for managing Dogecoin payments. This is possible thanks to the dedicated efforts of raffecat and other contributors.

Moreover, key updates to GigaWallet include the implementation of crucial features such as multiple pay-to addresses, fee deduction logic for payments, and improved error handling. Notably, the integration of Core estimatesmartfee for fee calculation further enhances the efficiency and reliability of transactions.

The release also welcomes new contributors, with H7-25 making their inaugural contribution. Thie underscores the growing community engagement and collaborative spirit within the DOGE ecosystem. GigaWallet is described as a backend service providing an integration API for various platforms, including online shops, exchanges, and social media platforms.

Furthermore, it offers a seamless solution for programmatically transacting Dogecoin. Early adopters are already leveraging the platform to build innovative solutions, reflecting the enthusiasm and potential for Dogecoin’s widespread adoption. In addition, the Dogecoin Foundation hopes to witness the entry of other DOGE supporters into the list.

Also Read: Dogecoin Whales Shuffle Over 1 Bln DOGE As Price Nears $0.2, What’s Next?

DOGE Price Gains

At press time, the DOGE price soared 8.02% to $0.1857 on Tuesday, March 26. Meanwhile, the meme coin held a market cap of $26.8 billion. In addition, the 24-hour trade volume for DOGE surged 25.75% to $3.13 billion.

However, Dogecoin geared up for a price dump as long holders initiated liquidations to realize profits. According to Coinglass, over $5 million long liquidations were recorded in the past 24 hours out of the $7.09 million total liquidations.

Also Read: Dogecoin Price: Top Reasons DOGE Price Will Rise 100% Soon