Dogecoin has gained unprecedented popularity in recent times. With this, the crypto market value is fluctuating like never before. What started with a mere joke has hit a record peak in earlier weeks.  Dogecoin being a cryptocurrency was developed in 2013 by two developers known as Billy Markus(who worked at IBM) and Jackson Palmer (who worked at Adobe). Here is a quick rundown of all that you should know prior to making any investment in terms of Dogecoin.  5 Tips to Remember Before Investing Below mentioned are some of the tips you need to keep in mind before investing in Dogecoin. Volatility  The first and foremost that an investor must take care of is the volatility of Dogecoin. For the first 6 months, the price of Dogecoin was not stable. The curve has been fluctuating drastically. It reached 0.70 dollars in an instant. As per a report of December 2021, the valuation of Dogecoin is 14.0572 dollars. The current volatility of dogecoin is 74.62 percent. If we consider the list of the past 7 days it stands on 22nd position out of 100 cryptocurrencies in terms of volatility. Several people are now investing in it which is one of the main reasons for its growth in popularity. This huge increase in price hike may make the investor go cash out. Influencers  The status of any cryptocurrency is greatly affected by its influencers. A single tweet from an influencer can change the market of cryptocurrency. The same goes for dogecoin. For example, a popular figure like Elon Musk is commonly known as ‘dogefather’ by the cryptocurrency community. A single tweet from him can influence several crypto fans and investors.   Once Musk tweeted ‘One Word: DOGE’ the valuation of dogecoin was hiked by 20 percent in an instant. So before buying, investing, or selling any of your cryptocurrency take a keen look at the videos, shorts, reels, and other things the influencers post on the internet. A single remark from them can drastically change the flow of the market. Public Opinion   If you want to earn the real sum of money by investing then you must be very calculative and predictive. Since nowadays everyone is talking about this coin especially the rich investor you should not feel the fear of missing out.  In the world of investment, you will come across many people who will try to loot you with their false and misguided opinion. Be aware of this trap and never trust anyone with your eyes closed. If you invest based on anyone’s opinion then double cross-check every fact they present you.  Another way to improve your investment skill is to take information from trusted sources. You will come across youtube channels and internet web pages that will present you with false information. Be aware of such traps. Just remember that if you develop your skills in investing then you can become like some of the Redditors who have made millions just by investing.   Actual value Understanding and predicting the curve of any cryptocurrency is the real game. The person who can do this efficiently can make tons of money just by investing. But having full track of digital currency is a bit complicated and time-consuming. Studying the nature of any digital currency involves countless hours of sitting on the laptop screen, calculations based on many simultaneous graphs, convincing and arguing with the broker, and many other factors.  The first thing that any investor should do is calculate the price-to-earnings ratio accurately for most of the assets. This will give an idea about the amount of investment that the investor is willing to do. Having a close inspection will surely tell you whether the company is overvalued or undervalued. So with the help of dogecoin, you will be on the bright side.   Taking Risks In the hope of big returns investors who often invest in digital currency can experience unexpected losses while on the other hand if one makes a planned investment then one can derive a huge profit from it. For example, if someone has invested Rs. 10000 in dogecoin six months ago, then he would get about INR 5.75 lakh in this time.  If you see only the bright side of it then you will make a big mistake. Apart from that try to do trading from a trustworthy site and the broker that you can place your trust in. So if you want to make a fortune out of dogecoin then spend some time with it before investing. Understand its behavior and its fluctuations. Once you feel confident you can start your investment.  Final Thoughts  All things said and done one should invest the amount that he or wants to lose. The same thought process is breaded by the CEO of Giottus Cryptocurrency Exchange. According to him, it … Continued

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3Space Art, a multi-chain NFT platform that places digital arts in physical spaces as a measure to boost their use in the real world to mainstream appeal, has announced the official launch of the “Enter the Void” NFT exhibition. Per the announcement, the event was held simultaneously at the Puesto Gallery in Seoul, South Korea, […]

ETH hits bottoms of below $2.4K. Many factors together account for such desperate failures.  Vitalik Buterin blames high gas fees

The post has appeared first on thenewscrypto.com

Bitcoin (BTC) bull and MicroStrategy CEO Michael Saylor is analyzing the factors that he believes are driving the crypto market downturn at the start of a new year. In a new Bloomberg interview, Saylor unveils two factors that he says are contributing to the volatility experienced by the crypto markets so far this year. “I […]

The post Here’s What’s Behind the Crypto Market Downturn in 2022, According to MicroStrategy CEO Michael Saylor appeared first on The Daily Hodl.

There are several ways in which users can get started using the Uniswap DEX such as the MetaMask wallet, the Trust Wallet, and the Coinbase wallet.

Bitwise, a leading provider of crypto index funds, and ETF Trends, a noted source of news and analysis in the ETF space, recently released the findings of their fourth joint survey of financial advisor attitudes toward crypto.

The post 94% of financial advisors received questions about crypto last year appeared first on CryptoSlate.

Our downloadable audio series is available for paid newsletter subscribers! Click here to download Episode 11.   The Wall Street Journal does it. Fox Business does it. Virtually every crypto news site does it. It’s a practice so common that no one even questions it anymore. There’s only one problem: […]

The post Investor Mindset, Episode 11: Separating Fact from Fiction appeared first on Bitcoin Market Journal.

Financial markets, built on the premise of speculation, are natural breeding grounds for volatile price action. Crypto markets, in particular, are notorious for their excessive volatility which is the result of a myriad of factors such as the relative lack of liquidity, regulatory concerns, adoption-related developments, media hype, etc. Now, as a participant in this […]

The post Algorithmic Stablecoins- Everything you NEED to Know! appeared first on Coin Bureau.

Bitcoin, the top asset in the industry has noted a sharp fall in prices over the last 24 hours. At press time, the king-coin depreciated by almost over 9.7%. Bitcoin dropped its value by almost $7,000 and was exchanging hands at $38,233.95. This marked an almost six-month low for the coin. This price level is the lowest ever since the first week of August last year. Following Bitcoin’s price action, altcoins followed suit as a majority of them were seen trading in the red at the time of writing. The global cryptocurrency market cap was at $1.95 trillion after a considerable fall of about 7.7% over the past day. The global crypto cap hadn’t dipped below the $2.11 Trillion mark in over 3 months now. This major plunge in value across the broader cryptocurrency market had caused roughly $200 Billion to leave the market. Ethereum, which is the second-largest cryptocurrency in regards to market capitalisation also registered a tumble of about 8% in the last 24 hours. Related Reading |TA: Bitcoin Dives Below $40K, Why Bulls Could Struggle In Near Term What Could Have Potentially Caused This Big Dump The bears had taken over the market, however, it isn’t safe to assume that the market would continue with a bearish outlook just yet. This could also be a price correction from which Bitcoin and major altcoins might recover over the upcoming trading sessions. This retracement in Bitcoin’s prices from $43,000 could have happened for a number of reasons. Needless to say, crypto markets are volatile, however, current price movements of the major cryptocurrencies can be tied to a couple of recent developments in the crypto space. This sudden substantial sell-off in prices could have been caused due to stock market weakness after the US Federal Reserve introduced high-interest rates and tapered the stimulus. The Fed hiking the interest rates in the form of tightening the overall monetary policy has, in turn, affected the unregulated market of cryptocurrencies. The cryptocurrency industry has also suffered the pangs of other recent regulatory measures. The most recent one is Russia’s blanket ban which has rocked the global cryptocurrency market. Other regulatory measures which have been set in motion to curb the rapid growth of digital asset has also had negative effects on the prices. Securities and Exchange Commission has signaled at scrutinising cryptocurrency exchanges. Environmental factors have also raised eyebrows of regulatory bodies, European Securities and Markets Authority (ESMA) wishes for the EU to ban the proof-of-work model. All of the above-cited reasons have sent shock waves across the crypto industry causing the fear index to point at 19, a number that corresponds to “Extreme Fear” in the market. Related Reading | TA: Ethereum Nosedives, Indicators Show Signs of Larger Downtrend Bitcoin Price Analysis: Crucial Trading Levels to Watch Out For Bitcoin was priced at $38,233.95 after the coin nosedived close to 9% at press time. The asset flashed a death cross, which is considered to be extremely bearish in nature. The prices were beneath the 20-SMA line, indicating that sellers were responsible for driving the price momentum in the market. Source: BTCUSD on TradingView.com The Relative Strength Index hurtled as it reflected the excessive selling pressure in the market. Currently, Bitcoin’s RSI was hovering beneath the 25-mark which meant that the asset was oversold and undervalued. The support level for the coin stood at $37,982.40 and a push from the bears could make BTC trade at that aforementioned level. The Average Directional Index was near the 50-mark, implying a strengthening of the current price trend in the market. The resistance price level for the coin was $39,829.16. Featured image from The Motley Fool, chart from TradingView.com

The NFT economy has been spreading wings at a pace no one had imagined. This, however, has multiplied the threats NFT buyers and projects have been facing, making them utterly apprehensive of all their investments getting washed out. An emerging menace they have been encountering is hacking Discord accounts. Traction that NFT projects have garnered […]

The post Discord Hack – Emerging Threat to NFT Transactions appeared first on Quillhash Blog.

In a recent interview, Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR), shared his latest thoughts on Bitcoin and more specifically its price action. On 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase price of $250 million” to […]

The post Top 5 Reasons Why Bitcoin Crashed Today! Will $36k Be The Threshold To BTC’s Fall? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The world of cryptocurrencies has fallen to another major crash, which has wiped out significant monetary numbers. The crash has resulted in novices falling prey to FUD and has left veterans in a dilemma over their plan of action. The turbulence from the crash has cost the market a loss of about 7.37% in market …