Dogecoin Vs Bitcoin: DOGE Beats BTC in Daily Transactions

It’s been just revealed that DOGE managed to beat BTC in daily transactions. Check out the latest reports about this below, and let’s have a look at the price of the two coins.

Dogecoin (DOGE) surpassed Bitcoin (BTC) on Wednesday in daily transactions. This was right after the new DRC-20 standard was introduced.

“According to new data from blockchain tracker BitInfoCharts, the number of daily transactions on the DOGE blockchain has hit a new all-time high, surpassing even that of the top crypto asset by market cap,” the Daily Hodl notes.

According to the same notes it also seems that the DRC-20 standard is a set of rules that developers can follow to create tokens on the Dogecoin network.

“They are created using the same technology as cryptocurrencies, but they are typically not used as a currency. Instead, they are used to represent ownership. The DRC-20 standard is similar to Bitcoin’s BRC-20 standard,” the same online publication noted.

It’s also important the fact that the data reveals that from May 10th to May 11th, a day after DRC-20 tokens were introduced, transactions over Dogecoin’s blockchain increased nearly tenfold from 48,547 to 456,491.

Also, just two days later, that number spiked to 628,209 before crashing all the way down to 88,453.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $26,874.

Accoridng to the latest reports, it seems that a really popular crypto strategist says that Bitcoin (BTC) could take off next month as a result of one catalyst.

The anonymous host of InvestAnswers said recently that a historical bull signal is on the verge of occurring again.

According to the trader, when Bitcoin’s realized price (RP) crosses above the long-term holder realized price (LTH RP), the crypto king tends to fly.