Dogecoin
Price analysis 5/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
On May 17, United States Federal Reserve Chairman Jerome Powell told the Wall Street Journal that the 50-basis-point rate hikes would continue until inflation is under control. Powell’s emphasis on a hawkish policy suggests that monetary conditions are likely to remain tight in 2022, which could limit the upside in risky assets. On-chain market intelligence firm Glassnode said that historically, Bitcoin (BTC) has bottomed out when the price breaks below the realized price. However, barring the 2019 to 2020 bear market, during previous bear cycles, Bitcoin’s price stayed below the realized price for anywhere between 114 to 299 days. This suggests that if macro situations are not favorable, a quick recovery is unlikely. Daily cryptocurrency market performance. Source: Coin360 While the curre...
Price analysis 5/13: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
Bitcoin (BTC) rebounded sharply after dropping near its realized price of $24,000 on May 12, suggesting some bulls went against the herd and bought the dip. According to on-chain analytics platform CryptoQuant, the exchange balances declined by more than 24,335 Bitcoin on May 11 and 12, indicating that bulls may have started bottom fishing. However, macro investor Raoul Pal is not confident that a bottom has been made. In an exclusive interview with Cointelegraph, Pal said that if equity markets witness a capitulation phase, crypto markets are also likely to plunge before forming a bottom. He anticipates the current bear phase to end after the United States Federal Reserve stops hiking rates. Daily cryptocurrency market performance. Source: Coin360 Bear markets are known for sharp relief r...
Doge gets more love on Twitter and Ethereum gets more hate: Data analysis
Ethereum has taken out the top spot on Twitter as the most hated of five cryptocurrencies studied, while the meme-token Dogecoin is the most liked. The findings emerged from a new report by TRG Datacenters that analyzed a year’s worth of tweets between Jan. 2021 to Jan. 2022, concerning five of the most popular cryptocurrencies to figure out which digital assets were the most emotionally stirring on Twitter. According to the analysis — which looked at Bitcoin (BTC), Cardano (ADA), Dogecoin (DOGE), Ethereum (ETH) and Litecoin (LTC) — Ethereum was firmly the most negatively associated with 29% of all tweets containing a negative sentiment. (The decision not to include Ripple, which has ardent fans but also very passionate critics, probably makes the study less comprehensive than it sho...
Weekly Report: BitMEX founders fined, California hunting first-mover advantage in Web3, and more
Here are this week’s top stories from the cryptocurrency space: Pantera Capital aims to boost its presence in India with scaled investments Argo Blockchain’s Helios Facility is now energised and set to start mining next week The three BitMEX co-founders have each been ordered to pay a $10 million civil monetary penalty Rapper Ice Cube supports Dogecoin and spurs the largest commercial transaction of DOGE in an NFTs purchase California aims to establish a comprehensive regulatory framework for Web3 technology Pantera Capital doubles down on crypto firm funding in India Cryptocurrency-focused hedge fund Pantera Capital has divulged that it’s enhancing its investment push in India. According to Paul Veradittakit, a partner at the firm, Pantera has closed around ten deals in India, notably the...
Ice Cube backs DOGE and an ‘incredible and historical’ transaction
Iconic rapper Ice Cube — also known as O’Shea Jackson Sr. — has jumped on the Dogecoin (DOGE) bandwagon with his endorsement of an “incredible and historical” DOGE transaction. Cube’s entry into the wild world of Dogecoin is related to the BIG3 basketball league that he co-founded. The organization predominantly features former NBA stars in a three-on-three format as opposed to the regular five-on-five basketball games. Last month, the BIG3 launched a new ownership model for the league, which consists of selling tokenized stakes in each of the 12 teams. There are 1000 nonfungible tokens (NFTs) in total allocated to each team, with 25 “Fire” NFTs worth $25,000 a pop and 975 “Gold” NFTs at $5,000 each. On Wednesday, MyDoge wallet co-founder Bill Lee tweeted at Ice Cube saying “if ya dig DOGE...
Price analysis 4/29: BTC, ETH, BNB, SOL, LUNA, XRP, ADA, DOGE, AVAX, DOT
The U.S. dollar index (DXY) turned down from its 20-year high on April 29 but that has not changed the bearish price action seen in Bitcoin (BTC) and the U.S. equity markets. Equities remain under pressure and this week, Amazon stock saw its biggest intraday drop since 2014 after uncertainty over the U.S. Federal Reserve’s tightening measures placed investor sentiment back into choppy waters. If Bitcoin extends its correction, on-chain analysis platform Whalemap believes that the $25,000 to $27,000 zone may be the best place “to go all-in” on Bitcoin. Long-term investors do not appear to be panicking over the current weakness in Bitcoin and on-chain data from CryptoQuant shows that the combined BTC reserves of 21 crypto exchanges has plummeted to levels not seen since September 2...
Dogecoin Jesus? Roger Ver resurfaces on Twitter, backs DOGE over BTC
Roger Ver, an early investor and ardent promoter of Bitcoin (BTC) which earned him the moniker “Bitcoin Jesus” has resurfaced on Twitter after a year and backed Dogecoin (DOGE) in an interview, preferring it for payments over the world’s first crypto. In an interview with Bloomberg, the Bitcoin.com founder said how he was a fan of the memecoin due to its fast transaction times and low fees: “Dogecoin is significantly better, it’s cheaper and more reliable [than Bitcoin]. If I had to pick three contenders for the world’s dominant cryptocurrency, they would be Doge, Litecoin and Bitcoin Cash.” Ver also took time in the interview to voice his support for honorary Dogecoin CEO Elon Musk’s Twitter takeover. “It’ll certainly make Twitter more attractive,” said Ver. “I am really, really grateful ...
Memecoins eye major revamps in an effort to return to their former glory
Memecoins briefly took the cryptocurrency market by storm in 2021 after steady attention and shilling from big-name influencers like Elon Musk and Mark Cuban helped propel coins like Dogecoin (DOGE) to 100x gains. As one should expect, in the crypto market, rapidly rising prices have a tendency to reverse course just as fast and many of the formerly high-flying meme tokens now find themselves struggling for survival as the market matures and investors look for real-world use cases. Let’s take a look at some of the most popular memecoins of 2021 to see whether they were just a flash in the pan or if there are fundamental developments that may prove fruitful in the long-term. Dogecoin DOGE is the original memecoin and it helped kick off the rally of ‘21 after its price skyrockete...
Price analysis 4/22: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT
Bitcoin (BTC) turned down sharply on April 21, maintaining its tight correlation with the U.S. equity markets, which reversed direction after U.S. Federal Reserve Chair Jerome Powell hinted that a 50 basis point rate hike was “on the table” in May. The selling has continued on April 22 as investors trim risky assets in expectation of an aggressive stance from central banks to curb surging inflation. Veteran trader Peter Brandt said in a tweet recently that the Nasdaq 100 (NDX) was showing a formation similar to the one it had made before plunging in the year 2000. If history repeats itself then the NDX could witness a sharp correction. That may be negative for the crypto markets in the short term because of the close correlation between Bitcoin and the NDX. Daily cryptocurrency market...
Cointelegraph’s experts reveal their crypto portfolios | Watch now on The Market Report
On this week’s show, Cointelegraph’s resident experts reveal exactly what percentages of their portfolios are allocated to what coins and why. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. Next up: the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as they reveal their crypto portfolios. We kick things off with Bourgi, whose top holdings are BTC with 67%, ETH with 20%. No surprise there but what about the rest? It’s an interesting mix, to say the least so make sure you stick around to find out. Next, we have Yuan, whose top three holdings are 35% BTC, 28% Terra...
Price analysis 4/18: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT
Bitcoin (BTC) and most major altcoins have started the new week on a soft note and the Crypto Fear and Greed Index has dropped into the “extreme fear” zone, suggesting that investors are still nervous. Bitcoin has declined about 17% year-to-date while the Nasdaq 100 has dropped about 16% during the same period, indicating a tight correlation between the two. In comparison, gold has risen more than 10% in 2022 and its 50-day correlation coefficient with Bitcoin “is around minus 0.4, the lowest since 2018,” according to journalist Colin Wu. Daily cryptocurrency market performance. Source: Coin360 Although the crypto price action has remained bearish, the declining balance of Bitcoin on the crypto exchanges indicates that long-term investors are unperturbed and continue to accumulate at...
AMC Theatres mobile app accepts Dogecoin, Shiba Inu and more
AMC Theatres, an American pro-crypto movie theater chain, updated its mobile app services to accept Dogecoin (DOGE), Shibu Inu (SHIB) and other cryptocurrencies as payment across the United States. AMC Theatres first started accepting crypto payments back on Nov. 12, 2022, which allowed customers to purchase movie tickets online using Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). On Jan. 6, 2022, Adam Aron, the CEO of AMC Theatres, promised users via a tweet to include meme tokens DOGE and SHIB by March. While slightly delayed, Aron’s team delivered. Exactly as promised, the AMC mobile app for AMC’s U.S. theatres now accepts online payments using Doge Coin, Shiba Inu, and other crypto currencies — thanks to Bitpay. Also Apple Pay, Google Pay and Paypal. To d...
