Kuptsikevich is especially concerned about further declines in ether, the world's second-largest cryptocurrency by market capitalization after bitcoin. If momentum continues to deteriorate, he anticipates a worst-case scenario of $1,300-$1,700 ETH, which is roughly 50% below current price levels. Source link … [Read more...] about Bitcoin Trading Volume Dips; Dogecoin Rallies
Dogecoin
Volatility Ruled Crypto Markets in 2021, From $69K Bitcoin to Elon Musk’s ‘Dogecoin to the Moooonn’
Bitcoin staged a powerful rally to start off 2021, punctuated by tweets from the billionaire Tesla founder Elon Musk that sent prices soaring for the joke token dogecoin. Soon, though, China’s crackdown on cryptocurrency mining and increasingly nagging concerns over the Bitcoin blockchain’s environmental footprint cast a pall over the market. Instead, crypto traders aped into … [Read more...] about Volatility Ruled Crypto Markets in 2021, From $69K Bitcoin to Elon Musk’s ‘Dogecoin to the Moooonn’
Elon Musk reveals why Dogecoin is better than Bitcoin
The world’s richest man Elon Musk reiterates his support for Dogecoin, saying it’s better than Bitcoin as a currency.Speaking to Lex Fridman in a two-and-a-half hour-long interview, the pair covered numerous topics, including colonizing Mars, the nature of money, and Tesla autopilot functionality. But the stand-out topic of conversation was Musk’s thoughts on the controversial … [Read more...] about Elon Musk reveals why Dogecoin is better than Bitcoin
Planning for a Better Breed of DOGE; Dogecoin Foundation Lays Out First-Ever Roadmap
In July, Dogecoin founder Jackson Palmer said that he would not be returning to cryptocurrency as it is “is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.” Source link … [Read more...] about Planning for a Better Breed of DOGE; Dogecoin Foundation Lays Out First-Ever Roadmap
Musk Pumps Bitcoin and Dogecoin
As bitcoin (BTC) soared in February, social media, particularly Twitter, appeared to take on an expanded role in cryptocurrency markets, with prices pumping in response to tweet after tweet. It became clear that investor appetite for risk remained strong despite earlier concerns about rampant speculation. Source link … [Read more...] about Musk Pumps Bitcoin and Dogecoin