It Needs A Competitive Edge To Stick Around
There are other cryptocurrencies out there that are much stronger than Dogecoin. Bitcoin, for example, has more name recognition and is more widely accepted by merchants, while Ethereum’s open-source blockchain technology creates a variety of uses for the cryptocurrency.
Dogecoin, on the other hand, has little in the way of a competitive advantage in the industry. This means that if nothing changes, it will have a tough time staying competitive over the long run. Once retail investors move on to a different investment, it will need some sort of edge to stay in the game.
Nobody knows what’s in store for Dogecoin, and there is a chance it could improve its technology and become a major player in the crypto space. Right now, though, it’s not the strongest investment, and it will need to work hard to catch up to its competitors.
If you’re considering investing in Dogecoin, make sure you understand the risks involved. While it’s possible to make money with this investment, it can be very dangerous, too. Its future is uncertain right now, so tread lightly if you go down this route.
Can Stellar Reach $1 $10 Or $100
Well, since it already was almost on that level, seeing its all time high reaching $0.93 during the 2017 crypto mania, clawing back up to that level is certainly possible.Reaching $10 is a stretch, not to speak about $100 or more as that looks more like a fantasy than a realistic possibility. If XLM were to reach $10, that would mean an ascent of 90x reaching well over $200 billion in market cap . XLM reaching $100 is ludicrous.
Daily Briefing: Bitcoin Within Touching Distance Of All
20 Oct 20217 minute read
Bitcoin is currently hovering just below record levels, the day after ProShares rang the bell on the first ever bitcoin futures exchange-traded fund in the US, which has now officially launched on the New York Stock Exchange. The leading cryptocurrency is currently up 3% over the past 24 hours, changing hands for just above $64kjust a few hundred dollars off its all-time high. Is today the day?
Despite the increasing price, trading volume is still some way off earlier in the year. However, it continued its climb last week and currently sits at $7.2 billion. The 15th of October was a huge trading day, with a volume of more than $12 billion the highest we have seen in almost six months. The same day, the bitcoin price increased by 7.6%, showing that significant daily volumes do coincide with the most significant increases in the price. These developments signal a renewed interest in bitcoin after a sleepy summer.
Looking down the ranks, it continues to be largely quiet. Ethereum , the second-largest cryptocurrency, is up around 1% since yesterday morning at $3,860, still some way off its all-time high of $4,380, hit on 12 May.
The total capitalisation of the entire cryptocurrency market at time of writing is currently $2,520,850,473,563.
Also Check: How To Get Free Money On Bitcoin
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Shiba Inu Price Prediction For 2023
For our 2023 Shiba Inu prediction, well be looking at data presented by Gov Capital. This source is very optimistic and predicts a positive trend throughout the year. Shiba Inus price might even make a massive bull run and reach $0.000089-$0.000100 mid-year and an impressive $0.000130 by the end of 2023.
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How Does Blockchain Technology Work
Blockchain tech is actually rather easy to understand at its core. Essentially, it’s a shared database populated with entries that must be confirmed and encrypted. Think of it as a kind of highly encrypted and verified shared Google Document, in which each entry in the sheet depends on a logical relationship to all its predecessors. Blockchain tech offers a way to securely and efficiently create a tamper-proof log of sensitive activity .
Blockchain’s conceptual framework and underlying code is useful for a variety of financial processes because of the potential it has to give companies a secure, digital alternative to banking processes that are typically bureaucratic, time-consuming, paper-heavy, and expensive.
Bitcoin Tops $66000 Sets Record As Crypto Goes Mainstream
NEW YORK Bitcoin stormed above $66,000 for the first time on Wednesday, riding a wave of excitement about how the financial establishment is increasingly accepting the digital currencys rise.
One Bitcoin was valued at $66,096, as of 4:15 p.m. Eastern time, after earlier climbing as high as $66,974.77. The digital currency has roared back after sinking below $30,000 during the summer to top its prior record set in April. That previous all-time high was nearly $64,889, according to CoinDesk.
The surge has come as more businesses, professional investors and even the government of El Salvador buy into Bitcoin, further broadening its base beyond its initial core of fanatics.
The latest converts came into the world of crypto on Tuesday, when the first exchange-traded fund linked to Bitcoin found huge interest from investors. Shares of the ProShares Bitcoin Strategy ETF changed hands 24.1 million times in a resounding debut. It was even busier on Wednesday, with trading volume topping 29.4 million.
The ETF doesnt invest directly in Bitcoin. It instead invests in the futures market tied to Bitcoin, but the industry sees the ETF bringing in a new class of investors. Someone with an old-school brokerage account can buy the ETF, for example, without having to open a trading account for crypto.
More high-minded fans say digital assets are simply the future of finance, allowing transactions to sidestep middlemen and fees with a currency thats not beholden to any government.
Recommended Reading: How To Buy Sell And Trade Cryptocurrency
Will Shiba Inu Reach $010 This Year
- 9:00 ET, Nov 5 2021
SHIBA Inu has been on an incredible run lately and some are wondering how high it will go by the end of 2021.
Meme coin Shiba Inu has hit multiple new record highs in recent weeks.
On October 28, Shiba hit an all-time high of $0.00008845.
In the past month, Shiba has seen huge gains surging more than 267%.
What Is A Cryptocurrency And Why Use It
Cryptocurrencies are digital assets that use cryptography, an encryption technique, for security. Cryptocurrencies are primarily used to buy and sell goods and services, though some newer cryptocurrencies also function to provide a set of rules or obligations for its holderssomething we will discuss later. They possess no intrinsic value in that they are not redeemable for another commodity, such as gold. Unlike traditional currency, they are not issued by a central authority and are not considered legal tender.
At this point, use of cryptocurrencies is largely limited to early adopters. For scale, there are around 10 million Bitcoin holders worldwide, with around half holding Bitcoin purely for investment purposes. Objectively, cryptocurrencies are not necessary because government-backed currencies function adequately. For most adopters, the advantages of cryptocurrencies are theoretical. Therefore, mainstream adoption will only come when there is a significant tangible benefit of using a cryptocurrency. So what are the advantages to using them?
Programmable, Smart Capabilities
Certain cryptocurrencies can confer other benefits to their holders, including limited ownership and voting rights. For example, a cryptocurrency-funded organization can include voting rights in the currencys software code. Cryptocurrencies could also include fractional ownership interests in physical assets such as art or real estate.
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Bitcoin Reclaims $35000 Level Are Bulls Back In Crypto Market
2 min read.Abhinav Kaul
- Although no one knows what the future holds, the longer Bitcoin traverses inside the $30,000-42,000 range, the weaker the odds of the head & shoulders chart pattern playing out like the bears are hoping
NEW DELHI: Bitcoin has been on a three-day winning run, gaining nearly 10% since Tuesday’s sell-off. Experts, however, believe that the crypto market is still not out of the woods and the worlds biggest cryptocurrency could again hit the $20,000 level.
Bitcoin traded 1.2% higher at $33,911 at around 4pm IST, moving in a wide range of $33,300.36-35,566.50 during the past 24 hours, as per CoinGecko.com.
According to experts, investors must keep in mind that Bitcoin has a long way to go before it can hit a fresh all-time high. The digital asset is 47% away from its all-time high of $64,805, hit on 14 April, 2021.
Fear, uncertainty and doubt has taken over the crypto market amid regulatory crackdown in some countries and concerns over environmental impact of Bitcoin mining.
For a few weeks now, the bears have been claiming that Bitcoin is in a massive header and shoulders pattern formation. This is a price reversal pattern that helps investors identify when a reversal may be underway after a trend has exhausted itself.
Bitcoin has been trading in the $30,000-42,000 range since 19 May 2021.
Will Shiba Inu Coin Price Reach One Dollar
If Shiba Inu maintains its current level of growth, it wont be able to reach $1 in the near future. Our Shiba Inu price prediction has a more realistic outlook. Still, even without $1, you can buy Shiba Inu and find it to be a fantastic investment opportunity.
But when in the crypto market, never say never in any price prediction. Who knows if Elon Musk posts another promotional tweet for his favorite meme coin and if Shiba tokens see massive gains shortly after. Whats more realistic, though, is Shiba Inu taking over Dogecoin. Shiba Inu has the advantage of having a lower supply.
Read Also: Where Can I Buy Safemoon Crypto
What Is The Shiba Inu Coin
Shiba Inu is a token inside the Shiba Inu ecosystem. This decentralized meme token was created in August 2020 by Ryoshi an anonymous person or a group of people. Ever since the Shiba Inu coin hit the cryptocurrency market, it has been compared to the DOGE coin, but in reality, they have nothing in common besides both being meme coins and an occasional endorsement from Elon Musk. The project even parodies Dogecoin with its use of Shiba Inu dog, but SHIBs developers are aiming to solve serious, real-life problems.
SHIB was released on the Ethereum blockchain as an ERC-20 token with a total supply of one quadrillion coins. Before launch, developers transferred half of the digital coins to the Uniswap DEX and destroyed the keys. The other half of the coins was transferred to the founder of Ethereum, Vitalik Buterin. He burned 90% of the SHIB tokens by sending them to a non-existent address. In total, Buterin destroyed 410 trillion tokens worth $6.5 billion. The creators of the project had the following explanation:
Shiba Inu was the first project to follow this path. Everyone should buy coins on the open market, ensuring a fair and complete distribution, in which developersdo not own the tokens and cannot dump them into the community.
As the project grows, the creators of Shiba Inu want to turn it into a full-fledged decentralized ecosystem and transfer 100% of rights to the community to manage the protocol without a governing body.
Dont Try To Catch The Exact Bottom
If youre lucky enough to have some of your investment capital in fiat or BTC when the market takes a tumble, it can be a good time to construct your portfolio. I like to think of market corrections as Crypto Flash Sales. I almost always keep some fiat or BTC tucked away in case of a large dip in the marketbut my obsession with catching the bottom of a downtrend has made me lose out on some big wins.
When youre staring at a coins chart, watching it plummet in price, wondering when it will stop. Youre trying to catch the bottom. Catching the bottom means youre attempting to enter into a trade at a bottom of a downtrend. Its extremely difficult to catch the exact bottom on a trade. So difficult that its often called, catching a falling knife.
If youre constantly trying to catch the exact bottom, chances are youre going to miss out on trades. I cant tell you how many times Ive waited, and waited, only to have a trend reverse before I got in. Ive missed out on far more than Ive gained by trying to be a perfectionist with my trade entries. Sometimes, if youre planning on entering a trade, its better to just get in near the bottom rather than wait.
Read Also: How Much Is 1000 Bitcoins Worth
Will Shiba Inu Hit $010 This Year
Overall, its difficult to predict how Shibas price will change in the future due to a wide number of factors affecting it.
This includes regulatory crackdowns around the world, and comments by high-profile individuals such as Musk, and other developments.
Mrs Tatibouet noted that it’s tough to predict what the “community” will do next but sees the Shiba rally cooling off soon.
She said: “Are we going to eat up more zeroes or are we going to crash and burn?”
“However, I do see some correction coming in the near term as the hype dies down a bit.”
But a big reason its been rising lately is not only because of Mr Musks impact, but theres optimism that the meme coin will be listed on Robinhood.
This is over a petition getting launched this year on Change.org to “Kindly request of Robinhood to list Shiba Inu coin!”
Recently, the petition surpassed more than 450,000 signatures – just short of its 500,000 goal.
Shiba has been added on more major exchanges including Coinbase Global.
While it hasn’t been added on Robinhood yet, Jordan McCreery, founding partner of Ingrained Media, a marketing firm that implements cryptocurrency programs and strategies, said: “Shiba doesnt need Robinhood to succeed.”
As far as price predictions go, McCreery said: “I believe Shiba has some real potential to grow from its fraction of a cent amount to $0.01 or greater.”
“In the coming weeks as we wrap up 2021, the price likely only continues to run.”
Xlm Price Prediction Intro
Stellar Lumens is a cryptocurrency platform that focuses on remittance and cross-border payments.
Stellar is aiming to be an open financial system that gives people of all income levels access to low-cost financial services. These services include, but are not limited to:
- Mobile Branches
- Mobile Money
In addition to these services, one very powerful feature of the network is their Distributed Exchange. Users can liquidate/exchange their funds for other cryptocurrencies or fiat currencies using the platforms exchange anchors.
Read our updated guide on best XLM wallets.
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Shiba Inu Price Prediction For 2025
Experts of the Digital Coin Price portal are confident in the further growth of the Shiba Inu coin. While its not exactly the same bullish trend as in Gov Capitals Shiba Inu forecast, the projected performance is looking great.
In 2025, the price of Shiba Inu might be $0.00008967, and as claimed by some analysts, the bull run might lead to $0.000232.
Remember That Bitcoin And Other Cryptos Are Volatile
For those who have been investing in cryptocurrencies for years, dramatic gains and losses are nothing new. For example, bitcoin recorded a previous record high of nearly $20,000 in December 2017, but by December 2018 was trading below $3,500.
As bitcoin gains adoption, “the up moves and down moves can be breathtaking. Taking the long-term view puts these moves in perspective, says Greg King, founder and CEO of Osprey Funds, an investment firm specializing in digital assets.
For example, even though bitcoin was down 50% in April through May of this year, it is up 25% from those lows and still up 100% from Thanksgiving last year.
For seasoned bitcoin investors, the lower prices were welcome. Then, you would actually see the drop of value in bitcoin as an opportunity to purchase, Danial says.
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Captain Altcoins Stellar Lumens Price Prediction For 2021
It is quite clear that cryptocurrency price predictions should be taken with a grain of salt, but there are factors to look out for that will almost certainly have a bearing on the future price of the wider cryptocurrency market. This includes:
- The level and nature of regulations imposed in dominating cryptocurrency markets
- The level of cryptocurrency adoption in the coming year and beyond
- The level of growth in the cryptocurrency futures market
- The utility of tokens and the ability of the underlying technology to solve real-world problems
All crypto fans and holders have been enjoying the last couple of months of 2020 and the start of 2021. Bitcoin smashed all resistance levels and kept setting new all time highs.
All altcoins followed suit and their value in dollars skyrocketed. Additionally, there were a couple of short but very profitable altcoins bull seasons that saw new and old altcoins surging, bursting through old all-time high records and setting new milestones.
Stellar was one of those altcoins that is still to have its five minutes of fame where it outperformes bitcoin and the rest of the market by a lot.
Is that price surge going to happen and can Stellar reach new all time highs in 2021 is the question on mind of every current and potential XLM holder.
Odds are that bitcoin is not yet done with rampaging the bears, which consequently means that altcoins are set to see more bull runs in 2021.