Dogecoin prices have surged this week following retail interest in Polygon Edge-based network Dogechain, a bridge that allows traders to convert dogecoin (DOGE) to wDOGE and allows them to use tokens, non-fungible tokens (NFT) and products built on the network.
Dogechain is built on Polygon Edge, which lets the project bootstrap a new blockchain network while providing full compatibility with Ethereum smart contracts and transactions, according developer documents.
DOGE prices rose some 10% in the past 24 hours even as the broader crypto market remained largely flat. This added to a 25% increase over the past week, CoinGecko data shows, and is currently seeing resistance at the $0.088 price level.
Part of the price movement in dogecoin has arisen from user demand for DOGE tokens, which are used for bridging over to Dogechain. Dogechain – which touts itself as a layer 2 for dogecoin – uses dogecoin as the platform's base trading token and as payment for fees on its network.
Dogechain...
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