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The Dogecoin GigaWallet v1.0 is a backend service meant to provide convenient integration API for online businesses and should not be confused with a normal user-based wallet like MetaMask or Trust Wallet.
Dogecoin (DOGE), the top meme coin by user base and market capitalization, has received its latest utility-oriented feature dubbed Dogecoin GigaWallet v1.0 to enable seamless mass adoption. According to Tuesday’s announcement, the Dogecoin GigaWallet v1.0 is a software engineering component that enables a convenient integration Application Programming Interface (API).
As a result, the Dogecoin GigaWallet v1.0 is a major stepping stone for any online shop, social media platforms, and cryptocurrency exchanges to enable Dogecoin payments.
“The purpose of the GigaWallet is to promote the rapid uptake of Dogecoin as a payment option, by taking the complexity and risk out of integrating Dogecoin payments into business,” the GigaWallet documentation explained.
According to the Dogecoin Foundation, the Dogecoin GigaWallet v1.0 was streamlined by an Australian-based developer called RaffeInGame, @RaffeCat on the X platform. Meanwhile, the Dogecoin community has been cautioned not to rely on the Dogecoin GigaWallet as a main wallet for storing their digital asset.
Dogecoin GigaWallet v1.0 has been released
Thank you to the early adopters already building great solutions on Dogecoin 🔥
"GigaWallet is a backend service which provides a convenient integration API for platforms such as online shops, exchanges, social media platforms etc, to…
— Dogecoin Foundation (@DogecoinFdn) March 26, 2024
Dogecoin GigaWallet Signals Imminent DOGE Integration with X Platform
The introduction of the Dogecoin GigaWallet v1.0 has coincided with the recent announcement that the Elon Musk-backed X platform is now eligible as a money payment platform in 22 of the United States. Notably, tech billionaire Musk has severally teased that Dogecoin will be used as a form of payment in his family of unicorn companies including Space Exploration Technologies Corp alias SpaceX and X platform.
With the Dogecoin GigaWallet v1.0 out, the X platform can now integrate with DOGE for seamless payments. Ultimately, Dogecoin is now well-positioned for mass adoption through reliable and affordable payments.
Market Impact on DOGE Price
Dogecoin price has faced immense competition from emerging meme coins led by Shiba Inu (SHIB), Pepe (PEPE), and Solana-based dogwifhat (WIF), among others. However, the introduction of the Dogecoin GigaWallet v1.0 is a major game changer amid the confirmed crypto bull market.
According to the latest market data, Dogecoin price has risen about 44 percent in the past seven days to trade around $0.184 on Tuesday during the early New York session. The meme lord has a market capitalization of about $26.5 billion and a daily average trading volume of around $3 billion.
The proof-of-work (PoW) secured blockchain takes pride in more than 7.2 million non-zero addresses, which have enabled over 312 million transactions. Having confirmed a macro bullish outlook following the retest of a breakout on a weekly falling logarithmic trend, Dogecoin price is now primed for a new all-time high shortly.
