Bitcoin Ordinals and BRC-20 tokens, which allow for the creation of fungible and non-fungible tokens on the Bitcoin blockchain, have not been widely adopted and may not be sustainable due to high fees paid to Bitcoin miners. However, a new standard called DRC-20 has emerged, which is similar to BRC-20 and has been used to create Dogecoin-specific digital artifacts called "Elons." These Elons can be engraved with arbitrary content and serve as fungible or non-fungible tokens without relying on a separate token or sidechain. Some up-and-coming meme coins, such as Cheems, Dogewow, Misu, Pepe, and Meme, are using the DRC-20 standard. However, investors should be cautious as meme coins are often influenced by speculative trading and social media trends rather than traditional financial analysis.

Dogecoin's price has dropped by 1% to $0.072064 in the last 24 hours, which can be attributed to the overall cryptocurrency market's 1.5% decline. However, the coin's trading volume has increased to over $250 million, indicating a possible recovery. Despite whales selling DOGE, its support level is rising, suggesting consolidation at higher levels.

Dogecoin, one of the biggest meme coins, has reached an all-time high of 650,000 daily transactions, surpassing Bitcoin and Litecoin. The surge in traffic is due to the increasing trend of piling tokens on top of the blockchain and the growing interest in creating tokens on the Dogecoin network using the DRC20 standard.

Crypto markets are abuzz with the popularity of various tokens on Twitter, including the upcoming Tradecurve (TCRV) token, which is gaining attention among crypto enthusiasts.

The global market cap has decreased by 1.39% in a day of trading, bringing the total cap to $1.13T and causing a correction phase in today's market session. Bitcoin has also experienced a small correction, dropping by 1.6% within a day of trading and facing new resistance at $28K.

Twitter's new CEO, Linda Yaccarino, has shown interest in cryptocurrency by following the official Shiba Inu and Dogecoin accounts on Twitter. This has led to speculation that she may have a specific interest in these meme coins. While awaiting formal statements from Yaccarino, it is important to note that Twitter has registered as a payment business and is working on features to allow users to make payments in fiat to receive virtual coins. However, Twitter's decision to adopt a particular cryptocurrency as a native token will involve various factors, including technical considerations, regulatory compliance, and strategic planning.

Dogecoin (DOGE) was initially created as a joke or meme cryptocurrency, but it has seen significant growth in value, leading to the emergence of competing meme coins. However, DOGE has recently experienced a decrease in value, prompting investors to diversify. One promising option is the Sparklo project, which allows investors to invest in precious metals through non-fungible tokens (NFTs) that can be fractionalized. The SPRK token is currently in its stage two presale and is predicted to see a 1,500% increase in value in the coming months. The platform has been audited and its liquidity will be locked for 100 years to prevent a rug pull.

Recent trends indicate that Dogecoin is surpassing established cryptocurrencies like Bitcoin and Litecoin in terms of transaction volume. The rise in activity is attributed to the increased minting of DRC-20 tokens, which are marketed as a BTC-20 offshoot with comparable features.

Elon Musk has confirmed that Linda Yaccarino will become the new CEO of Twitter in the next six weeks. There are speculations about whether Dogecoin will be integrated into Twitter 2.0, which is expected to be an all-in-one app.

Dogecoin (DOGE) has been a hot topic in the cryptocurrency world this year, thanks to the involvement of high-profile figures like Elon Musk and Mark Cuban. Despite a recent decline, there is a chance that Dogecoin's local bottom has occurred, as it was working to print a hammer candlestick on Friday.