On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Everyone's favorite meme cryptocurrency has delivered 12,600% gains in a year and likely created a string of millionaires.
Dogecoin (DOGE), the meme-based altcoin which has become a favorite talking point of Elon Musk, has doubled in 24 hours to hit all-time highs of $0.29.
DOGE leaves others in the dust
Cointelegraph Markets Pro and TradingView showed DOGE/USD outperforming other major cryptocurrencies by an order of magnitude on April 16.
In what appears an almost unbelievable move, Dogecoin has also become the eighth-largest cryptocurrency by market cap, surpassing Litecoin (LTC), Chainlink (LINK) and Uniswap (UNI) among others.
At the time of writing, a single DOGE traded at around $0.25. Gains on any timeframe remained beyond impressive — 80% on the day, 300% over the past week and year-to-date returns in excess of 5,000%.
Versus the same date one year ago, shortly after the pit of the brief 2020 bear market, Dogecoin is up 12,600%.
Reacting, it appeared that even professional traders had been caught by surprise.
"This is the first DOGE pump I have missed in years, but I still absolutely love to see it. Favorite asset of all time, changed my life in 2017. Happy for you guys who are in it, innit?" Scott Melker tweeted.
Turkey passes crypto transaction ban
As with altcoins more broadly, meanwhile, Doge's historic reversal of fortune came at the expense of Bitcoin (BTC) on the day, with the largest cryptocurrency seeing a forecast retest of previous all-time highs around $61,000.
Several tests of $61,000 support left the door open for further dips on Friday, bringing daily losses to around 2.8%.
Bitcoin's market cap dominance stood at 52.1%, also down noticeably in recent weeks as altcoins see their time in which some analysts believe will only reach a peak later this summer.
A ban on transactions by Turkey's central bank was tipped to have fuelled the loss of upside momentum, this being done due to possible "irrepairable" side-effects to the country's established fiat payment network.
"It is considered that their use in payments may cause non-recoverable losses for the parties to the transactions due to the above-listed factors and they include elements that may undermine the confidence in methods and instruments used currently in payments," Reuters quoted a statement as saying.
Also showing signs of a cooldown was Ether (ETH), which returned closer to $2,400 after seeing its own all-time highs above $2,500 the day before.
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