Anyone can seem like an investing wizard when markets are going up and up with no end in sight. Where it gets tricky is...

The Japanese yen is getting pummeled at the start of the trading week.  In the North American session, USD/JPY is trading at 141.90,...

The growth of Bitcoin and crypto exchanges over the years reflects the industry’s evolution. Exchanges have been the most critical businesses supporting the blockchain...

US Wall Street’s shortened trading week will be jam-packed with the FOMC minutes, more Fed speak, the flash PMIs and the final look at...

The Canadian dollar is trading quietly on Friday. USD/CAD is trading at 1.3337 in the European session, up 0.09%. RMPI, IPPI inflation indicators next Inflation...

The highly anticipated community event is finally here. After days of waiting for the rumoured mega updates, HyperNation announced several new features poised to...

5 Nov 2022 Kaspa (KAS) is a very interesting crypto project that has been mostly flying well under the radar, but it is starting...

EUR/USD is in a holding pattern ahead of today’s ECB rate meeting. In the European session, the euro is trading at 1.0068, down 0.16%. ECB projected to hike by 0.75% The ECB holds its policy meeting later today, amidst difficult economic conditions in the eurozone. Inflation jumped to 9.9% in September, up sharply from 9.1%. […]

This bear market rally was about to run out of steam, but the Bank of Canada had other plans. ​ A Canadian dovish surprise gave risky assets an unexpected boost. ​ This bear market might last a little while longer, but traders can’t forget about what will drive the data-dependent Fed. ​ Big-tech earnings are […]

The Chinese yuan’s offshore alternate fee towards the U.S. greenbackRead More

While the U.S. Federal Reserve ramped up the benchmark bank rate with a barrage of rate hikes, U.S. Treasury markets and global bond markets, in general, have seen one of the worst selloffs in over a decade. The Fed’s actions has fueled criticism toward the U.S. central bank as some strategists believe the onslaught of […]

Dogechain (DC), a recently introduced cryptocurrency, is posting big numbers in terms of gains since being added to the ever-growing family of the crypto space. Dogechain trading volume spikes to over $50 million in just two weeks DC price surges to $0.0045 before experiencing correction Dogechain blockchain looks to build up Dogecoin At press time, according to tracking from Coingecko, the layer 2 digital asset is trading at $0.001433. Over the past 24 hours, it has grown by 18.5%. Related Reading: Cosmos In A Downtrend Since Last 2 Months – Investors Shying Away From ATOM?   Source: Coingecko Its growth on weekly, biweekly and monthly basis are also off the charts, going up by 176.8% during the last seven days and 141.3% over the last two weeks. On its month-to-date figures, Dogechain is up by 79% as it now sits on a market capitalization of almost $43 million. Trading Volume Skyrockets For Dogechain Within two weeks, the new crypto’s trading volume saw a massive surge as it reached over $50 million. At the time of this writing, however, Dogechain’s volume dropped to $33.7 million. This catapulted the digital asset’s value to $0.0045. That was short-lived however as price correction trimmed the virtual currency’s gains. There are 20 market places where the altcoin can be traded with Gate.io and Kucoin accounting for almost 40% of all trades that involve the cryptocurrency. But while Dogechain is having a very good showing in terms of price pump, the EVM-compatible layer 2 blockchain token’s true purpose is to complement meme crypto Dogecoin. Although the asset carries the “doge” moniker, it is important to remember that it is not an extension of the Dogecoin project and is not built on DOGE network. Dogecoin: Unleashing Its Full Potential Increasing the utility of Dogecoin is the main goal of Dogechain. Holders of the famous dog-themed crypto can take advantage of the added utility that this blockchain give by wrapping their DOGE holdings with smart contracts. When this is done, Wrapped DOGE (wDOGE) will be given back to the owners. This new and improved token will then allow them to DeFi products as well as NFTs that are powered by the Dogecoin network. With the help of the Dogechain blackchain, DOGE looks to realize its goal of being at the center of Decentralized Finance (DeFi) ecosystem. Such boost is needed by the 10th ranked crypto in terms of market capitalization and recognized as the “OG” (“original gangster”) meme-based digital token, as it continues to struggle in initiating a bull momentum. At press time, it is trading at $0.595 and is forecasted by Coincodex to decline over the next five days to change hands at $0.0546. The next 30 days will be bearish for the cryptocurrency as well, as it is predicted to drop all the way to $0.0367. Related Reading: Solana (SOL) Could Recoup Losses In Last 7 Days – Here’s How Crypto total market cap at $891 billion on the daily chart | Featured image from Coincu News, Chart: TradingView.com Disclaimer: The analysis represents the author's personal views and should not be construed as investment advice.