Too Big for its Dogehouse, Dogecoin Gets an Upgrade from Cryptsy
Although trading relatively flat for the last couple of weeks, Dogecoin (DOGE) hasn’t been taking a nap in the meantime.

Although trading relatively flat for the last couple of weeks, Dogecoin (DOGE) hasn’t been taking a nap in the meantime.
Dogecoin has been remarkably resilient as crypto-markets have turned upside down over the past few days. It is even trading at a one week high. Sitting 5th in market cap, it is quietly distancing itself from Nextcoin (Nxt) and while not there yet, closing in on Peercoin for 4th (really 3rd when only considering true cryptos. That’s the next spot after Litecoin).
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Unlike exotic altcoins that have dropped just as quickly as they’ve spiked, DOGE has preserved the majority of its gains from 2-3 weeks ago. The longer it trades at these levels, the more likely it is to hang on to them and use this floor as solid ground for leaping higher.
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Even during the flat trade, DOGE has dominated trading volume amongst altcoins, even when measuring in Bitcoin (BTC). Today for example, its trade with BTC is nearly 7x higher than LTC’s with BTC on Cryptsy (again, we’re measuring volume in BTC, not DOGE). Even against LTC, DOGE liquidity is abundant, with a spread of only 0.2% from the mid-point. The value observed was actually lower during other periods today.
It’s no wonder then that Cryptsy has had trouble keeping pace. The combination of intrinsically high volume, compounded by the micro-denominated value of DOGE, has resulted in astronomical quantities of DOGE for them to process. Thus, Cryptsy’s hot wallet is showing 2 symptoms of overload: First, the wallet fell behind from the rest of the network as it takes longer to process blocks. Second, the size of the wallet database became so large that it further slowed down the system, thus completing a vicious cycle as the wallet falls further behind the rest of the network.
To provide much needed relief, Cryptsy has created a new hot wallet for new addresses to be generated. Its use is optional and the old wallet can still be used. Depositors are also advised to send single large transactions instead of multiple fragments that can clog the network.
For up to date market info on Dogecoin, check here.
It really pisses me off when bloggers like you don’t supply their p2p adress to tip vast sums of Doge towards. >:(
It really pisses me off when bloggers like you don’t supply their p2p adress to tip vast sums of Doge towards. >:(
The new wallet doesn’t work either
The new wallet doesn’t work either
Or meeee! 🙂 DJASNUSxcbKtzJ6KWgUKoSbR1CniPo4sJV
Or meeee! 🙂 DJASNUSxcbKtzJ6KWgUKoSbR1CniPo4sJV
broke shine 🙁 DETLjKMBXasCygkZkWpgCDszr2inbYCuN2
broke shine 🙁 DETLjKMBXasCygkZkWpgCDszr2inbYCuN2
Forget cryptsy….go with BTER. Less fees and faster trades. 10% off fees for 6 months if you signup here.
https://bter.com/signup/150806
Forget cryptsy….go with BTER. Less fees and faster trades. 10% off fees for 6 months if you signup here.
https://bter.com/signup/150806
D5P8JgGMyErRcZQM2U9UE85y67VZuAhM6m
D5P8JgGMyErRcZQM2U9UE85y67VZuAhM6m
many volume
such awesome
walit testing
wow
DGjNHRaN1rkwnniL7KPvdixScaMb45PxFN
many volume
such awesome
walit testing
wow
DGjNHRaN1rkwnniL7KPvdixScaMb45PxFN