The long awaited Dencun update is here! It went online on the Ethereum (ETH) mainnet on March 13 and was received with great enthusiasm. The hard fork is projected to lower transaction fees on L2 (layer two) networks while increasing Ethereum’s scalability.
Meanwhile, in the crypto space—specifically, the meme ecosystem—arise as a new rivals for Dogecoin (DOGE) . This new and developing P2E memecoin has been touted as the finest new cryptocurrency to invest in, with investors choosing it over DOGE.
Dencun Goes Live on the Mainnet with Ethereum (ETH)
Ethereum (ETH) is the leading altcoin and one of the most popular cryptocurrencies, trailing only Bitcoin in market capitalization. In terms of its basics, it is well-known for introducing smart contracts and enabling the development of decentralized apps.
The Dencun upgrade, the most recent in a long line of upgrades, went live on the Ethereum mainnet on March 13 in an effort to improve the entire blockchain experience. The hard fork will cut transaction fees on layer 2 networks while also improving the overall scalability of the Ethereum blockchain.
Responding to this development, ETH maintains its upward trajectory. With greater gains expected as the market’s bullish wave continues, it is one of the greatest cryptocurrency investments to make right now.
Declining Interest in Dogecoin (DOGE)
Dogecoin (DOGE) is the original and most popular meme coin—the “OG of memes.” It was established in 2013 and has remained one of the top altcoins ever since. However, the advent of new meme narratives and coins, such as Solana meme coins and Elon meme coins, has shifted the focus away from Doge.
Its dominant position has proven to be a double-edged sword, as it has limited space for expansion, particularly when contrasted to emerging meme coins such as NuggetRush. Nonetheless, Dogecoin remains a solid cryptocurrency to acquire.
Dogecoin is a potential token to add to your portfolio as it prepares for another rise. To combat FOMO (fear of missing out), you can collect additional DOGE tokens and HODL (hold on for dear life)
Release: The purpose of this content is only to provide knowledge. Readers have to do their own research before making investment decisions.
