{"id":566819,"date":"2021-05-09T12:28:39","date_gmt":"2021-05-09T09:28:39","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=566819"},"modified":"2021-05-09T12:28:39","modified_gmt":"2021-05-09T09:28:39","slug":"dogecoin-doge-is-now-on-the-tron-blockchain","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/dogecoin-doge-is-now-on-the-tron-blockchain\/","title":{"rendered":"Dogecoin (DOGE) is Now On the Tron Blockchain"},"content":{"rendered":"<ul>\n<li><strong>Tron has issued 50 million Dogecoin on its network<\/strong><\/li>\n<li><strong>Dogecoin on Tron is supported by Poloniex, JustSwap, JustLend and Sun.io<\/strong><\/li>\n<li><strong>Dogecoin dumped during yesterday&#8217;s SNL episode hosted by Elon Musk<\/strong><\/li>\n<li><strong>$0.50 support continues to hold as Dogecoin&#8217;s next course of direction is revealed<\/strong><\/li>\n<\/ul>\n<p>The popular meme-coin of Dogecoin (DOGE) is now a token on the Tron network. The CEO of Tron, <a href=\"https:\/\/en.ethereumworldnews.com\/trons-justin-sun-bids-300k-trx-for-lindsay-lohans-first-music-nft\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Justin Sun<\/a>, made <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1390248556770979849\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">the announcement<\/a> on Twitter and went on to explain that Dogecoin on Tron is now supported on Poloniex, <a href=\"https:\/\/en.ethereumworldnews.com\/trons-justswap-hits-new-milestone-of-over-20m-in-total-trade-volume\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">JustSwap<\/a>, JustLend and Sun.io platforms.<\/p>\n<p>Furthermore, users of the token will soon have the opportunity of swapping Dogecoin with USDT on the Tron Network and earning interest on their holdings.<\/p>\n<h2>50M Dogecoin Have Been Issued on Tron<\/h2>\n<p>A quick glance at Tronscan.org reveals that a total of 50 million Dogecoin tokens have been issued on the Tron network and represent the actual DOGE on a one-to-one ratio. The 50 million supply of Dogecoin on <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/trx-news\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Tron<\/a> can be seen in the screenshot below.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGE-on-TRON-May-9th.jpg\"><img class=\"aligncenter size-large wp-image-566821\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGE-on-TRON-May-9th-1024x407.jpg\" alt=\"\" width=\"1024\" height=\"407\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGE-on-TRON-May-9th-1024x407.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGE-on-TRON-May-9th-300x119.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGE-on-TRON-May-9th-770x306.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGE-on-TRON-May-9th-500x199.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGE-on-TRON-May-9th-240x95.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGE-on-TRON-May-9th-717x285.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGE-on-TRON-May-9th.jpg 1219w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><\/p>\n<h2>Dogecoin Dumps During Saturday Night Live<\/h2>\n<p>Yesterday, the Dogecoin (DOGE) community was looking forward to the CEO of Tesla, Elon Musk, hosting Saturday Night Live. Mr. Musk has on several occasions been referred to as the <a href=\"https:\/\/en.ethereumworldnews.com\/dogecoin-doge-gets-a-20-boost-from-its-unofficial-ceo-elon-musk\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">unofficial CEO of Dogecoin<\/a> or the DOGE-Father.<\/p>\n<p>Several hours before the episode, Dogecoin <a href=\"https:\/\/en.ethereumworldnews.com\/doge-inches-closer-to-flippening-bnb-hours-before-elon-musk-hosts-snl\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">posted a new all-time high<\/a> of $0.7376. However, DOGE soon showed signs of weakness leading up to the start of the show and went on to dump by over 30% once SNL went live.<\/p>\n<p>Dogecoin&#8217;s price action before and after the show has been visualized in the chart below.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGEUSDT-May-9th.png\"><img class=\"aligncenter size-full wp-image-566822\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGEUSDT-May-9th.png\" alt=\"\" width=\"995\" height=\"585\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGEUSDT-May-9th.png 995w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGEUSDT-May-9th-300x176.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGEUSDT-May-9th-770x453.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGEUSDT-May-9th-500x294.png 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGEUSDT-May-9th-240x141.png 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/DOGEUSDT-May-9th-717x422.png 717w\" sizes=\"(max-width: 995px) 100vw, 995px\" title=\"\"><\/a><\/p>\n<h2>$0.50 is Dogecoin&#8217;s Strongest Support<\/h2>\n<p>From the chart, it can be observed that Dogecoin fell to as low as $0.47 during the SNL episode. The meme-coin soon bounced hard to reclaim the $0.50 price area as support. At the time of writing, Dogecoin is trading at $0.52 and could be set for a brief period of consolidation around this price area before a definite direction, up or down, is revealed.<\/p>\n<p>As with all analyses of Dogecoin, traders and investors are reminded that the DOGE markets are extremely volatile as exemplified by the dump during Elon Musk&#8217;s SNL episode. Therefore, spot markets are recommended when trading Dogecoin as risk is reduced when compared to using leverage on futures markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tron has issued 50 million Dogecoin on its network Dogecoin on Tron is supported by Poloniex, JustSwap, JustLend and Sun.io Dogecoin dumped during yesterday&#8217;s SNL episode hosted by Elon Musk $0.50 support continues to hold as Dogecoin&#8217;s next course of direction is revealed The popular meme-coin of Dogecoin (DOGE) is now a token on the Tron network. The CEO of Tron, Justin Sun, made the announcement on Twitter and went on to explain that Dogecoin on Tron is now supported [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":565670,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[825,4657],"tags":[108087,108297,7937,1255,108031],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566819"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=566819"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/565670"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=566819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=566819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=566819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}