Dogecoin is rolling out the new update 1.14.4 with the focus on lowering transfer fees and making it more affordable to use it as a currency with test transactions being 0.1 Doge per transaction but devs saying they expect for it to be significantly lower than this. This new update is focused on security of the network and making the network better to handle more transactions and making those transactions more affordable to make the meme cryptocurrency a solid alternative to using fiat. This news has caused the price of Doge to rise over 10% in the last 24 hours making it the top gainer for top 10 cryptos for the day.
Currently the Dogecoin team are encouraging miners to update so they can get more nodes in the system. With this even Elon Musk tweeted out to his followers that it is important for miners to update because this price reduction for transfers is really important to move forward with the plans Elon Musk has for the future of Dogecoin. With all these good news coming to Dogecoin I wouldn't be surprised if we see Dogecoin reaching back toward the all time high which Doge experienced when Elon Musk was on Saturday Night Live where dogecoin reached a all time high of 74 cents.