.BitGo has wrapped dogecoin to the Ethereum blockchain, allowing holders to use their wDOGE tokens for decentralized applications in the Ethereum ecosystem. All wDOGE is backed by a $DOGE token, at a 1:1 ratio.
during October. Analysts attribute the big jump to the excitement behind the takeover of Twitter by Elon Musk, who has been a major booster of the popular meme coin.about $19 billion, according to CoinDesk’s crypto price index.
BitGo Vice President of Product Nuri Chang told CoinDesk that dogecoin “holders, both large and small, are some of the most active in the crypto community.” “The wDOGE bridge enables that activity to spread to Ethereum and the [Decentralized Finance] ecosystem,” Chang said.
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