Dogecoin, the industry’s biggest memecoin in terms of market capitalization, is in the limelight again due to certain developments in its ecosystem. Recently, the Dogecoin Foundation announced the launch of LIBDOGECOIN to make DOGE acceptable on multiple platforms. Apart from an increment in DOGE’s capabilities, this new development might also have some effects on its price action over the coming months.

After a few weeks of Dogecoin Core version 1.14.6’s release, core developer Michi Lumin announced LIBDOGECOIN. According to him, LIBDOGECOIN is a C-library of Dogecoin building blocks, which would allow less technically sound users to develop Dogecoin-compliant products with ease.

<p lang=«en» dir=«ltr» xml:lang=«en»>So after several months, many late/sleepless nights, and one false launch, #libdogecoin v0.1 is now ready play with right here:https://t.co/hcYXnt8UJX

Huge props to the rest of our small lib team, @KBluezr and Jackie (github: jaxlotl), for the insane effort.

More to come.

— Michi Lumin (@michilumin) August 5, 2022

Additionally, another notable feature of LIBDOGECOIN is that it supports multiple languages including Python, Ruby, and Node.js. This development adds to Dogecoin blockchain’s value as it would considerably help in demonstrating DOGE’s untapped potential.

Major updates on the blockchain are often followed by a change in the coin’s price action. For instance, back in November 2021, Dogecoin Core’s 1.14.5 version was released, bringing with it significant security fixes and adjustments to network regulations. Following the release, DOGE’s value hiked immediately, hitting $0.2822. However, a trend reversal happened soon, thanks to the last crypto-winter.

As LIBDOGECOIN adds several upgrades and features