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Cryptocurrency News Articles

Dogecoin Beats XRP! Here's Why Plus Wallet is the Best Way to Store It Compared to Coinbase Wallet

Nov 19, 2024 at 10:00 pm

As Dogecoin's market cap soars, surpassing XRP with a 326% return year-to-date, crypto enthusiasts are not only celebrating DOGE's resurgence but also rethinking wallet options.

Dogecoin Beats XRP! Here's Why Plus Wallet is the Best Way to Store It Compared to Coinbase Wallet

Dogecoin (DOGE) has had an extraordinary week, surpassing XRP in market cap and delivering a 326% return year-to-date. Rising 16% within 24 hours, DOGE reached $0.41, a level not seen since May 2021. This surge follows Elon Musk’s playful proposal of “D.O.G.E.” as a “Department of Government Efficiency,” igniting speculation about the meme coin’s role in politics.

As a result, DOGE’s trading volume soared, as Musk’s hint, combined with recent Trump administration rumors, rekindled investor interest. With a market cap of $56 billion, DOGE overtook XRP’s $40.3 billion valuation. Meanwhile, XRP also saw a 14% rise; however, DOGE’s robust 332% annual return marks it as the top performer in the crypto top ten.

Thus, Musk’s backing and DOGE’s community-driven appeal have transformed it into a cultural icon, with dreams of reaching $1 still alive. For now, DOGE’s rally is bringing the crypto world along for the ride.

Coinbase Wallet’s Tap-to-Pay and Stablecoin Features

Coinbase Wallet aims to rival apps like Cash App and Venmo, offering a faster way to handle crypto payments across borders. Set to expand to 50 countries by December 2025, this feature will allow users to make real-time payments globally.

In particular, Coinbase Wallet lead Jesse Pollak introduced the upcoming “tap-to-pay” feature, currently in alpha testing, at DevCon in Bangkok. Therefore, this feature promises a faster, cheaper alternative for merchants using traditional payment systems.

Additionally, users can now link their bank accounts to Coinbase Wallet, enabling easy stablecoin transactions with assets like USDC or USDT, ideal for payments with reduced volatility. Moreover, Coinbase is also tackling Ethereum’s layer-2 interoperability, implementing ERC-7683 and RIP-7755 standards to simplify asset transfers across networks like Base, Arbitrum, and Optimism.

Plus Wallet: A Superior Choice Amid Dogecoin’s Rise Over XRP

As Dogecoin surpasses XRP in market cap, crypto users are re-evaluating their wallet choices, and Plus Wallet stands out as the top choice. With its advanced features and ease of use, Plus Wallet offers a better alternative for securely managing Dogecoin and other crypto assets compared to Coinbase Wallet and similar applications.

Unlike Coinbase Wallet, Plus Wallet is designed with high-speed transaction capabilities, ensuring real-time cross-border payments without hidden fees. Specifically, Plus Wallet’s direct integration with multiple blockchain networks enables users to move assets quickly, bypassing the slow, layered processes often associated with traditional wallets. As a result, its low transaction costs and seamless user experience make it ideal for regular crypto users and high-volume traders.

Additionally, Plus Wallet supports various stablecoins and crypto assets, providing flexibility for those who wish to hold more stable currencies for payments or salaries. Furthermore, unlike many wallets, Plus Wallet employs advanced security features, including biometric authentication and private key encryption, enhancing asset protection.

With Dogecoin gaining traction in the market, Plus Wallet’s streamlined, user-friendly interface allows Dogecoin holders to manage their assets with ease, offering features such as instant swaps between crypto assets, staking options, and comprehensive portfolio tracking.

In short, Plus Wallet is a cutting-edge solution for crypto enthusiasts and serious investors, providing speed, security, and flexibility in one platform. Thus, as Dogecoin continues its upward trend, Plus Wallet presents a better alternative to Coinbase Wallet and other traditional crypto wallets.

News source:themerkle.com

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Other articles published on Nov 20, 2024