Category: Cryptocurrency News

Dogecoin was one of the cryptocurrencies that took a heavy blow from a market crisis that broke out in March, resulting in a precipitous decline in its market capitalization. According to a chart by Coingecko on Friday, Dogecoin (DOGE) is trading at $0.079378, a decrease of 4.1% over the past week. Its most recent price activity resulted in a market cap of $10,637,807,407 USD. The popular cryptocurrency inspired by memes finished the month of May with a market cap of approximately $11.4 billion. Dogecoin Market Cap Down 35% Dogecoin’s market capitalization decreased from May 9 to May 13 as a result of a general bearish market that intensified throughout this period. Increasing interest rates, inflation, and the preference for less volatile assets such as metals were among the economic variables that led to a major selloff of DOGE. Suggested Reading | Axie Infinity Revenue Continues To Collapse – Here’s Why Meanwhile, recent attention has been drawn to Dogecoin as a result of Elon Musk’s potential purchase of Twitter. Reportedly, the social media platform is providing the billionaire with data that covers the more than 500 million tweets posted each day, potentially putting closure to the Tesla CEO’s contention. After Musk first said that he would spend $43 billion to buy Twitter, the market value of Dogecoin went up by about $1 billion, from $18.45 billion to $19.35 billion in 10 days (Financial Times). This week, Musk cast more doubts on whether he will complete a $44 billion agreement to acquire the social network. The closing market cap for Dogecoin in May was 35 percent lower compared to the opening day market value for the month. DOGE saw a robust trading volume of $991 million which corresponded to a market cap of roughly $17 billion. Nearly two weeks later, DOGE started at $0.08464 and closed at $0.07004. The trading volume of the memecoin was roughly $2.63 billion, which amounted to a market capitalization of approximately $10.97 billion. Since May 1, DOGE’s market value has decreased by 37 percent. DOGE total market cap at $10.5 billion on the weekend chart | Source: TradingView.com Musk’s Twitter Reveal Boosts DOGE Market Cap Following Musk’s initial reveal of his $43 billion Twitter acquisition, Dogecoin’s market valuation jumped by about $1 billion, from $18.45 billion to $19.35 billion, in 10 days. Suggested Reading | Bitcoin Market Cap Shed Over $120-B Last Month – How Much More Can It Lose? Since then, however, the price of DOGE has decreased alongside the broader cryptocurrency market, particularly as Bitcoin plummeted below $35,000, dragging the bulk of altcoins down with it. Dogecoin began May at $0.1276, reached a monthly high of $0.1373 four days later, touched a monthly low of $0.07004 on May 12, and ended the month at $0.08586. Featured image from The Motley Fool, chart from TradingView.com

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https://www.bls.gov/news.release/cpi.nr0.htm The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.0 percent in May on a seasonally adjusted basis after rising 0.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.6 percent before seasonal adjustment. The increase was broad-based, with the…
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Less than a month after the successful multi-platform IDO on top launching pads like BSCPad, Polypad, GameZone, and MetaVPad, MOVEZ, the governance token of MoveZ, is up ??X on its IDO price and is massively outperforming BTC, ETH, and BNB, according to trackers on June 10, 2022. Listing on Top Centralized Exchanges The MOVEZ token, compliant with the BEP-20 standard of the BNB Chain, is now available for trading on OKX, ByBit, Gate.io, and MEXC – some of the world’s leading exchanges with a global presence and millions of clients. This listing is massive for the MoveZ community. It points to its developers’ inclination to quality and dedication to carve a decent market cap with better offerings for users. A Successful IDO At the time of the IDO, participants used USDC and BUSD in exchange for MOVEZ. In total, there was an initial market cap of $55,000. On BSCPad, MoveZ had set a cap of 900 BUSD, and on Polypad, MoveZ had a cap of 700 USDC, where investors had the same conversion rate as BSCPad. On these two launchpads alone, over 4,750 investors took part after completing the mandatory KYC, giving them tokens at a 99% discount. The MOVEZ IDO was concluded within seconds, a record giving investors tokens at a 99% discount. Notably, MOVEZ IDO selling out so fast means a lot of people were eagerly waiting to purchase the token at a time when confidence in the market was wavering – a testament to the project’s stability. Why MoveZ The excitement before, during, and after the MOVEZ IDO was expected. MoveZ plans to take on StepN, whose token, GMT, has consistently outperformed BTC and remains one of the top performers in recent months. As the name suggests, MoveZ is based on what people do every day: moving. However, the project introduces a new twist, enabling participants to sustainably make money as they do what they inevitably have to do every day. On top of this, the platform offers more than just earning from moving. Instead, the project can be used to turbocharge fitness from cycling, gym participation, and even surfing. In fact, every form of exercise possible can be rewarded on the app – representing a step up from the competition. For every event recorded on the MoveZ app, users earn the platform’s utility token, BURNZ, as rewards. There is no barrier to entry. Participating in the MoveZ ecosystem doesn’t require users to own NFTs. Instead, they can take part by staking their MOVEZ tokens to obtain a tier. BlueZilla – The Secret to Success The MoveZ project is the first of BlueZilla’s incubated startups to get a direct listing on leading cryptocurrency exchanges with massive liquidity, boasting millions of users, representing Bluezilla’s vision for the project as a global leader. BlueZilla has incubated top projects, backing one-third of the top-selling IDOs of 2021. Some May Call Them Lucky Some May Call Them Geniuses! 🤓 These Are the Best Performing #IDOs of 2021 🔥 https://t.co/2xfcNuDvuw pic.twitter.com/TrJBoyh8cg — CoinMarketCap (@CoinMarketCap) December 7, 2021 The surge of MOVEZ will be further turbocharged by the release of its mobile app in the coming 2 weeks, and with MOVEZ trading at record highs on the first day after listing on OKX, investors are closely watching how the token will perform in the coming weeks. BlueZilla’s track record in successfully incubating projects coupled with the planned announcement of top-tier partners will likely propel the token to new highs.

The layer-2 technology built on Bitcoin now has 4,000 Bitcoin or $120 million locked up allowing for near-instant payments around the world.

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Mercadolibre, one of the biggest “e-tailers” in Latam, has partnered with credit giant Mastercard to make use of its tech to secure the cryptocurrency ecosystem of the company. Through this partnership, Mercadolibre will be able to use Mastercard’s Ciphertrace technology, to allow the company to enhance the control and security of the crypto transactions in […]