Showing posts with label doge. Show all posts
Showing posts with label doge. Show all posts

Dogecoin ON THE RISE As Elon Musk's Purchase of Twitter Sparks Excitement About Coin's Future...

Elon Musk Twitter Purchase Raises Dogecoin price

Dogecoin, the tenth-largest cryptocurrency with a market cap of $10.5 billion, outperformed any of the other top 50 coins over the last 24 hours, with gains of over 15%. 

For the week, DOGECOIN gained nearly 30% and was only outperformed by Telegram's TON token.

Behind The Rise...

Elon Musk's takeover of Twitter nw seems to be a 'sure thing', as the Tesla and SpaceX CEO walked through the doors of the Twitter offices earlier today. 

From what we can tell, social sentiment is driving the price, with people assuming Twitter will eventually implement the use of Dogecoin, somehow.

Bad Time To Bet Against The DOGE...

Almost $9 million in Dogecoin futures positions were liquidated over the past 24 hours, almost all by people taking short positions.

The increased attention going to DOGE seems to have spread to its main competitor, SHIBA, which posted gains of around 7%. 

It's Easy To Downplay the strength of DOGE - but this 'joke coin' is showing some legitimately strong fundamentals...

A large, seemingly majority of people holding DOGE today appear to be true believers in the coin's long-term potential.

Wallets holding DOGE for more than 1 year are currently at an all-time high of 2.8 million, according to IntoTheBlock. 

Also, wallets that buy and sell within a month are at an all-time low - only 132,000 wallets can be considered 'short-term traders' - this is the lowest since mid 2020.

Recently, Dogecoin was the reason for a new lawsuit that has been filed against Elon Musk...

We spoke with the lawyer representing those suing Elon, while initially reaching out to us first, he refuses to answer some very basic questions on issues vital to the case, read about that here.

Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto News

Addition Of DOGE, BAT, and ZRX Bring the Total to 24 Coins, On the No-Fee Trading Platform 'Voyager'...

The new trading platform Voyager, created by former execs of E-Trade, Uber, and other giants, has announced another batch of new tokens added to the platform.

DOGE, BAT, and ZRX, bringing the total to 24 crypto assets available.

Claim $25 worth of any them for free...

If you haven't tried it out yet, you can still claim the $25 welcome credit, which comes in BTC but can instantly be traded for any of the coins the platform supports.

But what's really drawing people in - no trading fees!

They do this by searching multiple exchanges instantly and grabbing the best price, so confident their app will find you a price below the market average, their fee comes from splitting the savings with you!

If Voyager can't find a below-market price deal, they take the loss and still give it to you without fees.

They claim to successfully find customers a lower price on 90% of orders.

3 New Assets...

With the addition of DOGE, BAT, and ZRX, Voyager now offers access to 24 crypto assets with USD.

BAT, Blockchain-Based Digital Advertising

Basic Attention Token (BAT) is a blockchain-based digital advertising and rewards token from Brave Software. The Basic Attention Token is an Ethereum-based ERC20 token that enables advertisers, publishers, content creators, and developers to reward each other for their services.

DOGE, Peer-to-Peer Digital Currency

Dogecoin (DOGE) started from an internet meme as a joke but its passionate community helped grow the cryptocurrency to a $341 million market cap. DOGE is similar to Bitcoin but it's much easier to mine (or "dig' as its referred to in the DOGE protocol). Unlike Bitcoin, DOGE has an unlimited supply and more than 120 million coins have already been mined.

ZRX, Open Protocol Powering Decentralized Exchanges

Ox (ZRX) is an open protocol that enables the peer-to-peer exchange of assets on the Ethereum blockchain. Ox is creating an infrastructure to enable decentralized exchanges and applications to build on top of its blockchain.

Voyager is worth a look, and worth the time to do it when you claim $25 and open your free account here.

Author: Oliver Redding
Seattle News Desk