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This past year I did a lot of crypto trading. I used a lot of different exchanges and within each exchange did quite a few trades. Having to go through each exchange, go through all the history, figure out the cost basis is kinda a pain, and now having to go back through all of…
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In the midst of fast-paced vacillations between Polkadot (DOT), Terra (LUNA), and DOGE, Dogecoin (DOGE), a cryptocurrency project that began as a joke but has now taken on a far more powerful persona, continues to compete for a place in the top 10 cryptocurrencies by market capitalization. Last year, Dogecoin went through two bullish stages. While the first leg was sparked by Robinhood’s adoption of the meme coin, the second was spearheaded by Tesla CEO Elon Musk, who earned the moniker “Dogefather” for his unwavering support for Dogecoin. Many observers believe that the ‘Elon Musk effect’ is the lone bullish thesis for Dogecoin because Musk’s persona has such a strong influence on the meme coin’s prospects. Now, Litecoin creator has praised the meme coin, calling Elon Musk great. Meme Coin Praised by Litecoin Founder Charlie Lee, the founder of Litecoin, one of the most valuable crypto assets by market capitalization, has praised Dogecoin, a popular meme coin, for its contribution in mainstreaming the crypto business. Charlie Lee, in a recent Bloomberg interview, described Dogecoin as “great” and “pretty fun.” He thinks that the most popular meme cryptocurrency is ready to attract a large number of new users. Given the role both have played in bridging the gap between the crypto industry and the general public, his praise for Elon Musk and Dogecoin is expected. On his Twitter page, SpaceX CEO Elon Musk has discussed digital assets multiple times. Apart from that, his electric car firm, Tesla, now takes Dogecoin as a form of payment for its goods. Related article | Recapping 2021 Memecoin Mania: Dogecoin, Shiba Inu, & More Dogecoin Price Has Suffered Setback DOGE plunged 35% after starting to fall on January 16 and remained below the December 4 low of $0.128 until last week. Following the dip, the token has consolidated around the $0.14 demand zone, and continued buying momentum over the next 24 hours might push price up to the 50-day simple moving average (SMA) at $0.16. There is also the possibility of reaching $0.194, which is where the 100-day SMA is located. However, crypto investors who bought at the highs haven’t fared well in the last nine months. According to CoinMarketCap data, the Dogecoin price has plummeted by 81% since May 8th. 1 Doge is presently worth 14 cents. Dogecoin market cap at $18.2 billion. Source: TradingView Despite the drop, the dog token still has a market cap of $19 billion, accounting for 1.1% of the entire crypto market. The Dog token price is expected to hit $0.16 this week, according to FXStreet. That’s a 15% increase above the existing pricing. From the 16th to the 22nd of January, Dogecoin dropped 35% in 6 days, according to FXStreet. However, since then: “DOGE has produced a sideways movement indicating consolidation around the $0.14 barrier. Any short-term spike in buying pressure is likely to propel [the] Dogecoin price into a 15% ascent to $0.164. This level coincides with the 50-day Simple Moving Average (SMA).” Related article | Downward DOGE: Descending Dogecoin Pattern Predicts Deadly Drop Featured image from Unsplash.com, charts from TradingView.com
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Cypherpunk is any group or individual that advocates the use of cryptography as a way of acquiring privacy leading to social and political change. They have been engaged since the late 80s, and originally they communicated through the Cypherpunk mailing list, which Satoshi Nakamoto was part of. It really gained some traction when Eric…
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“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK,” said the executive director of CryptoUK Ian Taylor
There has been a lot of confusion however how the Wormhole hack had happened, and exactly whose side is at fault. Unfortunately, there is a lot of misinformation going around, and many people are not technical. I'd like to explain how this works. ELI5 version: To create wETH on their chain, Solana checks that there…
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The token bridge between Ethereum and Solana saw 120K wETH tokens removed from the platform and distributed between the hacker’s Solana and ETH wallets.
The Ascent Award has recognized KuCoin as the best cryptocurrency application for enthusiasts in 2022, praising the cryptocurrency exchange for low commissions, high-security measures, transparency, and customer orientation in operations. The mobile application of the global KuCoin cryptocurrency exchange has been recognized as the best application for enthusiasts by an annual survey conducted by The Ascent. Among the other cryptocurrency exchanges noted by The Ascent were Gemini, Coinbase, Binance.US, Crypto.com and FTX, all of which were noted for outstanding achievements in ensuring high accessibility and convenience to digital assets. The Ascent has highlighted KuCoin’s significant user base growth and trading volumes, which have exceeded $1 trillion in cumulative terms in 2021, and $3 billion in daily turnover for Futures and Spot Trading. Such recognition comes weeks after KuCoin announced that it surpassed the 10 million users threshold in late 2021. The statistics place KuCoin in the top five crypto exchanges on CoinMarketCap and Coingecko. KuCoin positions itself as the exchange “by the people for the people”, oriented at altcoin trading. The exchange offers over 1,100 trading pairs and has hosted the listing of over 640 cryptocurrencies, which have later been recognized as gems. In an effort at achieving higher metrics, KuCoin has recently launched a $100 million fund dedicated to metaverse development and incubation of promising projects. The initiative is part of the exchange’s strategy to bolster the overall holistic nature of its native infrastructure and thus cater to the growing number of users seeking convenient and diverse products on the decentralized market. The Ascent is a personal finance service by The Motley Fool that rates and reviews essential products for everyday money matters via unbiased analysis. The Ascent uses a transparent rating methodology to determine the best crypto exchanges. Service, competitive fees, cryptocurrency selection, security and transparency, and knowing customer rules are among the factors considered by its team of experts.
