Category: Cryptocurrency News

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On Wednesday, the cryptocurrency payments service company Bitwage announced that the Ultimate Fighting Championship (UFC) strawweight Luana Pinheiro will be the first female UFC fighter to be paid in bitcoin. Pinheiro’s boyfriend, a UFC flyweight fighter, started getting paid in bitcoin last March and after her eight-fight winning streak, Pinheiro decided to follow her partner’s […]

Bitcoin and altcoins surged ahead of July 27’s FOMC meeting, but will the expected 75 basis point rate hike cap the current rally?

So, the Harmony Blockchain has revealed its cards. Inflating a coin for the next 3 years with no stable coin pegging. This will absolutely KILL off old, current & future investors in ONE (excuse the pun) awful proposal. It is Fundamental to the core health of any project, that a qualitative level of scrutiny be…
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Tether reports that its total commercial paper exposure has been cut to $3.7 billion from $30 billion just one year ago.

After everything is trading in red in the crypto space, Dogecoin price made a refreshing spike and may even more than double in price by the end of 2022, according to analysts’ long-term price forecast. Being the original and top meme token, Dogecoin is killing it in the crypto game. DOGE has seen a slight gain of 0.5% as seen in the past 24 hours. As of press time, DOGE is currently trading at $6.2. Dogecoin is currently the world’s 10th largest crypto in terms of market cap. It has a market capitalization of $8.3 billion which has declined by 2% from its all-time high of $73.8 on May 8, 2021. DOGE Seen To Wrap Up 2022 At $0.16 Forecast by 15 FinTech analysts revealed that DOGE price is said to grow twofold and could end 2022 at $0.16 which is a 158% jump compared to the meme coin’s current value. In comparison, DOGE ended 2021 at $0.17. Fred Schebesta, founder of Finder, maintains a bullish perspective for DOGE price. He forecasts that the meme coin will end 2022 trading at a range of $0.25 to $0.30. DOGE for Schebesta is unassailable and should never be undermined being the original meme coin. Suggested Reading | Cardano (ADA), After 35% Spike, Locks On Next Target: $0.55  According to Schebesta: “This shouldn’t be underestimated in the world of cryptocurrency where breaking traditional methods for identifying value is a cherished pastime. Investors can likely sit tight knowing that while there will be more, and others will come and go, Doge will forever be the original.” On the other hand, John Hawkins, University of Canberra Senior Lecturer, is bearish with its forecast of DOGE. He says that Dogecoin is bound to end the year trading at $0.05 or down by 20%. Hawkins believes that while DOGE is the original meme coin, its price is directly impacted by the controversial tweets of Elon Musk. While it can hoist the coin further up, it’s influence of DOGE price seem to dissipate over time. DOGE total market cap at $8.3 billion on the daily chart | Source: TradingView.com DOGE To End 2030 At $0.54 CoinMarketCap data reveals that DOGE currently trades at $0.06104, which is 93.896% below the support line. Additionally, DOGE has also shaved off around 5.91% today as well as dropped by 9.80% over the past week. The meme coin’s current market cap is a miserable number compared to its all-time high of $85 billion seen on May 5, 2021. At the beginning of the year, many analysts were extremely bullish and believe that DOGE price will hover to $0.92 or close to $1 by the end of 2030 but to date, the predictions have now moved at $0.54. Suggested Reading | Solana (SOL) To Hit $166 By 2025, Despite Current Bearish Conditions Featured image from Finance Magnates, chart from TradingView.com

PRESS RELEASE. Streaming social game platform Gamestar+ has confirmed an official partnership with blockchain developer Ava Labs, commencing the development of the technological framework that will allow Gamestar+ to bring the most iconic and well-known interactive IPs and entertainment brands as family gaming experiences, with powerful web3 and play-and-earn features. The new partnership, officially announced […]

Ripple has remained a prominent name in the crypto market despite its woes in recent years. The digital asset was expected to crash as its case with the SEC raged on, but it has managed to maintain its hold on the market while building an effective community around itself. Nevertheless, the digital asset remains one of the few that didn’t hit its previous all-time high during the last bull run, sparking speculations of if it will ever return there. FUD Derails Ripple’s Growth During the 2017 bull run, Ripple (XRP) made a splash in the market by going on an incredible bull rally. The cryptocurrency was able to break above $3 and cement its position as one of the largest cryptocurrencies in the space. This saw more investors rally behind the token and pitch their tent there. Related Reading | More Than 57,000 Traders Liquidated As Bitcoin Declines Below $22,000 At the height of the rally, the cryptocurrency had touched as high as $3.30 in January 2018 before declining along with the rest of the market as the bear trend began. However, XRP’s decline would transcend just the bear market, given that the Securities and Exchange Commission (SEC) would take a keen interest in it. It led to the most prominent lawsuit in the crypto space, which is still ongoing at the time of this writing. XRP trading at $0.33 | Source: XRPUSD on TradingView.com The FUD that followed the lawsuit expressly delayed the growth of the digital asset since then. Even when cryptocurrencies were touching new all-time highs in the market, XRP was unable to do so, remaining firmly under its previous cycle peak. Will XRP Retake $3? With Ripple unable to reach its previous all-time high of $3.3 during the last bull market, it is unlikely that it will do so presently with the bear trend. However, it doesn’t completely eliminate the possibility of reaching this point once more.  Related Reading | Crypto Market Shaves Off $50 Billion In One Day As Reversal Begins A key component to look at is how cryptocurrencies tend to grow quickly in bull markets. At the current price, Ripple (XRP) will need to do a 10x to reclaim its previous high in 2018. An entirely possible scenario for a top 10 digital asset. But one thing is important in this quest to reach this point, and that is the fact that Ripple wins its case with the SEC. CEO Brad Garlinghouse has actually expressed confidence that Ripple will be triumphant over the SEC. If this turns out to be the case, a massive rally is likely to break out off the news of the victory alone while propelling the digital asset’s price further since it is no longer being weighed down by the SEC’s probe. Featured image from Investopedia, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…