As most cryptocurrencies in the blockchain space targets hoaxing its lovers on April 1st, Dogecoin (DOGE), the cryptocurrency whose name was derived from meme, outmatched its contemporaries with a glorious news from the Blockchain Education Network (BEN).
Focused on educating and empowering students with beneficial knowledge across the world, BEN today disclosed in a tweet that it is dedicated to teaching only Dogecoin-based projects.
BEN further disclosed that it will be launching an Initial Exchange Offering (IEO) on the blockchain technology.
“To recognize the one true blockchain, we are REBRANDING by flipping the “B” in BEN to become DEN – the Dogecoin Education Network! We now teach only dogecoin and work w/ Dogecoin-based projects. We also only accept donations in DOGE and will launch an IEO built on Dogecoin,” BEN stated.
While BEN has got students from over 96 countries and myriad of tech based partners like IEEE and bloq, amongst others, Dogecoin cryptographic project could be leveraging this opportunity to build more awareness for its project as well as creating more developments through the young chaps.
However, the developmental news came in simultaneous with the massive growth which the crypto is experiencing.
Dogecoin (DOGE) Price Targets $0.005 In New Bullish Rally
The cryptomarket is fairly on the rising wedge after a week full of stagnation. Bitcoin seems to be making an approach towards the $4,200 resistance level after crossing the $4,150 point. However, altcoins in the market are not left behind in the winning streak.
Dogecoin (DOGE), amongst other altcoins, is trading with a momentous rally on the upside trend. After maintaining a steady price of $0.020 since March 27, Dogecoin resorted for a bullish string at the early hours of the European trading session today.
The trading pair DOGE/USD rode northward, and by mid hour of the same trading session, the value of the coin had risen to $0.029 per token, its highest price in the last 24 hours as at press time.
However, Dogecoin, after a slight decline on the graph, settled for a price of $0.002462 as at press time with 18.22% added value in the last 24 hours according to Coinmarketcap. Similarly, Dogecoin outshined Bitcoin in the market as the former trades higher against the latter. Against BTC, DOGE is priced 0.00000059 BTC with an added value of 16.75% within the same period.
To cap it all, Dogecoin continues to rally on the rising wedge with an irresistible force that signals more gain in coming days. Based on the trend of the altcoin, observers have opined that the path of least resistance is to the upside and if the present momentum is maintained, Dogecoin may soon clinch the $0.005 value.