Investing.com – The founder of , Shibetoshi Nakamoto, recently said on Twitter (NYSE:) that DOGE would gain considerable added value if there was a bridge to .
It is especially as a means of payment for Web 3.0 assets that the Meme-Coin could assert its advantages, as Nakamoto put it:
“If Dogecoin (in the form of Wrapped Dogecoin) were available in a Metamask wallet, it would be possible to create websites that read the wallet. If they find that the user is in possession of Dogecoin, certain functions can be unlocked The possibilities of use are countless”.
But Nakamoto also sees other possible applications. The Dogecoin could for example be integrated into the “tip” function of Twitter.
Dogecoin advocate Elon Musk also spoke and explained that it would be a good idea to succeed in expanding the acceptance of DOGE as a means of payment. But while he may also consider expanding Twitter’s tip function, he doesn’t believe in the idea of an Ethereum and Web3 bridge at all.
Dogecoin: technical price benchmarks
Dogecoin is currently up 6% at $0.1407. The recent move lower led to the break of the 61.8 percent Fibo retracement of $0.1351, which prompted an acceleration in losses before a return to the upside.
The next important level is the 50 percent Fibo retracement of $0.1436. On the 4-hour chart, the cryptocurrency has already reached oversold conditions, suggesting consolidation in the near term.
By Marco Oehrl