BitGo: Wrapped Dogecoin (wDoge) Allows $DOGE Holders to Interact With Ethereum DApps

Recently, BitGo, which works with clients, partners, and regulators to “deliver innovative security, custody, and liquidity solutions”, introduced a new cryptocurrency that should be of great interest to $DOGE holders: Wrapped Dogecoin (wDoge) on Ethereum.

Timeline of Dogecoin, Ethereum, Wdogecoin

Dogecoin price had received immense attention in recent times as Elon Musk acquired Twitter and completed the $44 billion deal. While many speculated that the asset may also be included as one of the payment options along with other cryptos, the DOGE price gained huge bullish momentum.

Problems for crypto exchange FTX continue to pile up as Binance liquidates its FTT holdings and processing Bitcoin and stablecoins transfers suffer delays. In addition, Ethereum reserves on the crypto exchanges have dropped to a record low.

The price of Ethereum (ETH) is currently in an uptrend. The largest altcoin continues to move between the $1,500 support and the $1,600 level. The $1,600 resistance area was tested twice by buyers, but they were unable to maintain their bullish momentum above it.

Regarding MicroStrategy crypto investments, the traditional and decentralized financial communities have a great deal of “what-if” questions. Michael Saylor, the inventor of MicroStrategy, is a Bitcoin advocate as is well-known.

After the widely publicized purchase of Twitter (NYSE: TWTR) by Tesla (NASDAQ: TSLA) CEO Elon Musk, the founder of Cardano (ADA) shared his thoughts on how the social network could be made decentralized using blockchain and cryptocurrencies.

Investors have had a close eye on Ethereum's [ETH] performance since the much-talked about Merge. The key point of interest being an assessment of whether network demand or utility would deteriorate, return to normal, or rise to new highs.

Litecoin (CRYPTO: LTC) is posting significant gains, after trading below the $60 mark for several weeks.  What Happened: LTC made a surprising jump, surging 32.35% over the past seven days, trading at $72.10, at the time of writing.

The amount of Ethereum's supply concentrated in smart contracts has hit an all-time high post-merge. The post Ethereum supply concentration in smart contracts hits all time high appeared first on CryptoSlate.

On Nov. 2, 2022, the digital asset custody business and financial services provider Bitgo introduced a wrapped version of the meme coin asset dogecoin built on top of the Ethereum blockchain. The company detailed the wrapped dogecoin initiative, the Wdoge DAO, is through a partnership between the Dogecoin Foundation, Bluepepper, and Mydoge wallet.

Former Goldman Sachs executive Raoul Pal says the potential of one crypto sector is being massively underestimated by everyone. In a lengthy Twitter thread, Pal tells his 984,000 followers that non-fungible tokens (NFTs) could reshape almost every aspect of societal infrastructure.