Is Elon Musk SEC’s Next Target? Is Dogecoin in Danger?
Elon Musk might face legal action from the US Securities and Exchange Commission (SEC) if he decides to accept only Dogecoin (DOGE) as a payment method on Twitter, according to attorney John Deaton. This statement came after SEC Chairman Gary Gensler stated that there was no need to establish regulations for the new sector.
Deaton’s comments come in response to news that Musk is trying to integrate payments into Twitter. The payment method is not known, but reports suggest that the company has already started developing software and applied for licenses. Deaton wrote on Twitter that if Musk only accepted DOGE as a payment method on Twitter, he could face legal action from the SEC for DOGE being an unregistered security.
He wrote on Twitter, “Here’s a thought: If @elonmusk allowed for payments over @Twitter but ONLY allowed #DOGE, would he be at risk that the SEC would sue him claiming #DOGE is an unregistered security? The answer should be: that’s a ridiculous thought. But with today’s malicious SEC, is it?”
Gensler has stated that most cryptocurrencies, with the exception of Bitcoin, are securities and are governed by traditional finance laws. The SEC has also claimed in its lawsuit against Ripple that XRP is always security, a position that Deaton, who represents thousands of XRP investors, has repeatedly noted as a violation of securities legislation.
XRP VS SEC
In a recent video for Crypto Law TV, Deaton discussed what transpired in court regarding the legal dispute between the SEC and Ripple. He said that the SEC requested a broad, ambiguous injunction from the New Hampshire district court judge to prohibit the sale of the LBRY token during an appeal hearing in order to classify it as a security and bring secondary market sales under the SEC’s authority.
Dogecoin To Moon In February? DOGE Whale Activity Sees 2-Month High
The Dogecoin (Doge) network has recorded 523 whale transactions, each over $100k, in the past 24 hours. This is the highest number of whale transactions since November 27, 2022, according to on-chain intelligence firm Santiment. This increase in on-chain activity has corresponded with a significant boost in daily traded volume, which stands at approximately $1,285,356,146.
Tokenview’s on-chain data shows that Dogecoin has global support from 5,158,533 holders who have made 93,113,591 transactions since its creation. Santiment reported that the Dogecoin network recorded around 86.4k active addresses, the highest 2-day stretch since November 2 and 3rd of last year.
The recent spike in on-chain activity has resulted in a 10% increase in the price of Dogecoin in the past seven days. Analysts expect further upside breakouts as more money flows from large caps like Bitcoin and Ethereum to small-cap altcoins and meme coins.
“Dogecoin has broken out with major whale transactions today, easily the highest of the year, going along with address activity spiking. The polarizing coin is up +40% since December 29th, and is back above $0.095 for the first time since December 10th,” Santiment noted.
Dogecoin Market Outlook
Elon Musk, the tech billionaire, has been a strong supporter of the meme lord, Dogecoin, and has promised to continue supporting its mission. With Musk’s recent Twitter acquisition, the Dogecoin community hopes that he will add Dogecoin as a form of payment, which would increase its liquidity and real-world utility.
Despite a recent decline of approximately 10.81% in development activities on the Dogecoin network in the past 30 days, according to Santiment, derivatives trading continues to grow, with around $4.47 million liquidated in the past 24 hours.
Dogecoin on the Edge of Massive Explosion! Will DOGE Price Reach $1 This Bull Run?
Dogecoin, the 9th-ranked asset, has jumped more than 10% at the moment and is heading strongly towards the crucial levels at around $0.1. Interestingly, the DOGE community appears to have activated as the trading volume has jumped over 200% to reach $1.5 billion, largely dominated by the bulls. The price is currently discovering new highs for 2023, displaying the possibility of a continued upswing ahead.
The DOGE price is in the process of breaking above the falling wedge, which is largely considered bullish. The price after a breakout may rise beyond $0.11 levels and test the crucial resistance at $0.14, slicing through the pivotal zones at $0.12. In the meantime, the DOGE price against BTC is testing some crucial zones.
As per a popular analyst, Bluntz, the DOGE/BTC price is all set to undergo a massive breakout that may ignite a 100% upswing throughout Q1 2023.
“Admittedly doge/usd looks like a hot fucking mess to my eyes but doge/btc OTOH looks gearing up for a revenge pump of probably 100% or more.
Would be negligence on my part if I did not have a bag of this,”
Dogecoin is one of the first altcoins to bounce back which is trading within crucial levels at the moment. These levels have been acting as a barrier for almost a year and holding beyond these levels could lay down a notable upswing beyond $1 as predicted by an analyst Captain Faibik.
Following the speculation of a massive upswing, Dogecoin whales became active and transferred nearly 450 million tokens for $40 million. The top 20 wallets swapped a token to an unknown wallet with a fee of 1.01 DOGE worth $0.09. Collectively. Dogecoin’s (DOGE) price is believed to maintain a notable upswing in the near future.
DOGE Price Rally – Will Dogecoin Hit $0.1 in the Next 48 Hours?
While most top digital assets faced declines over the past two days, Dogecoin (DOGE) bucked the trend with a 6% increase in the past 24 hours. The meme-inspired cryptocurrency experienced a surge in the daily traded volume of over 173%, reaching $1.28 billion on Tuesday, indicating strong demand.
However, high liquidation levels, with $4.01 million recorded in the past 24 hours, suggest caution for intraday DOGE traders as sudden price drops due to stop hunts may occur. It’s worth noting that the performance of most altcoins is closely tied to that of Bitcoin.
Dogecoin Price Predictions
The Dogecoin market appears to have emerged from the 2022 bear market, fueled by Elon Musk’s Twitter announcement which triggered a relief rally in late 2022. The bullish sentiment is expected to drive the DOGE price towards a retest of its December 2022 high at $0.11, followed by a correction and a possible rally to $0.155.
However, the ongoing consolidation period suggests that a parabolic rise in price discovery is unlikely. Therefore, a near-term price correction could cause DOGE to revisit lower levels, possibly below $0.9 by the end of 2023.
The Dogecoin community believes that DOGE’s upward price trend will persist as long as Elon Musk continues to support the cryptocurrency. With Twitter reported to have applied for payment licenses in the US, the Dogecoin community eagerly awaits Musk’s integration of the meme-inspired cryptocurrency as a form of payment.
Musk has demonstrated his support for Dogecoin in his other ventures and is advocating for McDonald’s to accept it as payment.
Shiba Inu (SHIB) Holds Potential To Take Over Dogecoin (DOGE)
In recent weeks Shiba Inu (SHIB) has performed really well along with other cryptocurrencies. On January 14, the Doge killer successfully moved beyond $0.00001 resistance after which the currency recovered to a high of $0.0001269.
At the time of publication, Shiba Inu is changing hands at $0.00001198 with a surge of 3.91% over the last 24hrs.
Shiba Inu which is popularly known as Doge killer was created in 2021, eight years after the first meme currency Dogecoin was introduced. Mainly Shiba inu was created for the users to earn maximum rewards for the content that is created. When market capitalization of both the meme currencies are compared, Dogecoin tops the list with $9 billion against Shiba Inu’s 1 quadrillion tokens.
Shiba Inu To Overpower Dogecoin ?
Even though Shiba Inu and Dogecoin are quite similar along with Dogecoin boasting its higher market capitalization, SHIB has managed to gain a lot of traction in a short time. Through upcoming upgrades, new projects and ongoing partnerships, Shiba Inu has now become talk of the crypto space.
- Shibarium’s Atomic Support
Shiba Inu’s upcoming upgrade Shibarium which is a layer-2 Blockchain is set to function on Ethereum mainnet. Shibarium mainly focuses on allowing users to create their own project. Now a Crypto wallet service provider, Atomic Wallet has come in support of Shibarium.
- SHIB Burn
Next is the SHIB burn through which the network can increase demand for SHIB. Recently, Shiba Inu’s developer, Shytoshi Kusama has claimed to burn trillions of Shiba Inu tokens. This statement has an increased social media activity for Shiba Inu.
Moreover, not to forget that Shiba Inu has also got listed in South Korea’s lead crypto exchange, Upbit which has fueled the recent price surge.
Dogecoin Bulls Are Ready; This Is When They Might Spark a Bull Rally to $0.2
Dogecoin price appears to be preparing to go to the moon as the Tesla & Twitter CEO, Elon Musk is yet again promoting DOGE adoption. While most of the altcoins are rallying by more than 100%, the Dogecoin rally has been restricted below 40%. As the rally has been trading flat for nearly 10 days, the bulls appear to have been accumulating strength.
The DOGE price is always boosted by Elon Musk’s mentions, and a similar effect is expected in the coming days. Musk earlier had offered McD, the world’s largest food giant to accept payments in DOGE, and in turn, he would enjoy a Happy Meal on TV. Undoubtedly, this has a minor impact on the DOGE price as the bulls are preparing for a giant move ahead.
After DOGE/USDT price marked the lows somewhere in June 2022, it continued to produce higher highs. The price has accomplished its second cycle and after marking the lower bottom is believed to rise significantly by more than 150% over the next couple of months. The technical indicators like MACD, and RSI are slowly turning bearish in the daily time frame and hence a minor pullback could be feasible.
However, unless and until the DOGE price sustains above $0.066 which is the bottom marked in the last few days of 2022, the hope for a notable upswing could prevail.
Dogecoin (DOGE) Might See Massive Rally; Are the Bulls Fully in Control?
World’s largest meme token Dogecoin (DOGE) is seeing some huge bullish action right now. The Elon Musk-loved token has increased by about 9% in the past seven days at the time of writing and 2% in the past twenty-four hours.
It should be noted that even before the current surges in prices, DOGE had been seeing a pretty decent increase. However, it took a brief break and tumbled by over 5%, then quickly, the bulls regained control.
Tesla Quarterly Earnings Report On the Horizon
This recent price activity occurs at a time when Elon Musk’s Tesla is ready to publish its quarterly earnings report for the fourth quarter of 2022.
It is interesting to note that Elon Musk said that Tesla did not sell any of the DOGE holdings on the results call for the second quarter.
Moreover, it is a well-known fact that both Tesla and Elon Musk adore Dogecoin. The crypto advocate even made it possible for people to purchase electric vehicles using the meme token. Also, his other company Twitter is eventually going to integrate the token as a payment method for its Twitter Blue subscription.
Dogecoin Short-Term Price Prediction
The current price of one dogecoin is $0.0088. A possible indication that the uptrend in DOGE has finished may be seen in the Relative Strength Index (RSI), which compares recent price levels to those of the past to foretell when a market may change direction.
A break over the $0.095 liquidity barrier might render the current downtrend null and void. If the price makes a new high, the current uptrend may continue for a little longer. The $0.10 threshold represents a significant psychological barrier and is thus likely to be the next point of resistance. If the bullish scenario comes to pass, the price of Dogecoin would see a rise of 20% before the middle of 2023.
Notably, DOGE’s on-chain signals are mostly bullish, as shown by data from IntoTheBlock.
Dogecoin (DOGE), Shiba Inu (SHIB) & Snowfall Protocol (SNW)
The crypto market has suffered a dramatic and stormy 2022, with the fall of many giant names in the industry. Despite the commotions, crypto assets have found their ground, and market bulls are pushing prices higher. While the market is expected to rebound for a bull run in 2023, it is important to plan by bagging the best coins.
Snowfall Protocol (SNW) is undebatably the best coin to buy before the next bull run. The token has seen exceptional value, price, and demand gain. Even expert technical analysts are confident it would easily surge by 1000x soon. This article will highlight some of the best coins to buy before the next bull run.
Snowfall Protocol (SNW): Multipurpose Hub for Cross-Chain Bridging Solution
Snowfall Protocol (SNW) is a disruptive force driving the change for better blockchain interoperability. The one-stop multipurpose swap and bridging protocol has been deemed the next biggest asset transfer DEX in the DeFi space. Created by long-standing industry experts, Snowfall Protocol (SNW) aims to take out the lingering issue of cross-chain incompatibility by simplifying the swap, exchange, and transfer of funds to and from more than 200 chains.
Like a bridge,Snowfall Protocol (SNW) serves as a highway for driving innovative change and harnessing the full potential of blockchain networks simultaneously. This way, it will remove technical barriers and make interaction easier between chains.
What makes Snowfall Protocol (SNW) the most inclusive bridging solution is that it supports cryptocurrencies as well as non-fungible tokens. For NFT collectors, Snowfall Protocol’s swap/wrap system is a huge win as it will make NFT minting and bridging easier and cheaper.
Due to its multiple use cases and importance, the Snowfall Protocol (SNW) has seen a mighty increase in demand and price. The token is in the final presale stage, trading for $0.191. Technical analysts have predicted a 1000x increase in Snowfall Protocol token value. Since it is underpriced, you still have a chance at securing a life-changing opportunity with Snowfall Protocol (SNW).
Dogecoin (DOGE): Most Valuable Meme Coin
Dogecoin (DOGE) is the biggest meme coin by market cap. The meme coin started as a joke by Billy Markus and Jack Palmer but became a resounding success in the crypto space. Like other cryptocurrencies, Dogecoin (DOGE) has made a sizeable drop due to the bearish condition of the crypto market in 2022.
Dogecoin (DOGE) is relatively underpriced and considered one of the most profitable cryptocurrencies to invest in 2023. In the last bull run, Dogecoin (DOGE) spiked by 1750% from $0.044 to $0.74 in only three months. Its market valuation also rose by tens of billions of dollars.
Currently, Dogecoin (DOGE) is at a deeply discounted price. However, it is seeing excellent demand from investors looking to improve their returns when it moons in the next bull run. The price of Dogecoin (DOGE) is $0.08 – about 88% below ATH. So far this year, the token has grown by almost 20%, and its community is hyped for a bullish trend soon.
Shiba Inu (SHIB): Dog-Themed DeFi Ecosystem
Shiba Inu (SHIB) has gained so much recognition as the potential Dogecoin-killer. The token had a lot of mainstream attention because it offers more than utilities than just being an ordinary meme coin. The Shiba Inu token (SHIB) and its DeFi ecosystem projects pride itself as a leading name in aiding the adoption of blockchain technology and web 3.0.
At its peak, the Shiba Inu token (SHIB) gained more than 20,000% to clinch an all-time high price of $0.000088. Much of its astronomic price gain was due to numerous periodic developments mapped out for the project. Less than two weeks ago, Shiba Inu (SHIB) launched Shibarium, an Ethereum-based layer-two solution. This will help anyone enjoy open, scalable, low-fee, and high-speed transactions.
Shiba Inu (SHIB) is currently trading at $0.000011, about an 88% drop from ATH price. Regardless, Shiba Inu (SHIB) is poised for greatness. Its accessibility, flexibility, numerous utility, web3, and metaverse objectives are mesmerizing. 2023 is already looking great for the token with the launch of Shibarium.
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Crypto Market Analysis: Bitcoin Remains Consolidated While Dogecoin Aims to Hit $0.1
Crypto markets today are pretty consolidated as the past weekend could not offer the required push that may have exploded the price beyond $23,000. Meanwhile, some altcoins are displaying enough momentum to reach the desired target soon.
Dogecoin price, which traded under extreme bearish pressure for more than 20 months, appears to have surged notably. However, the trend reversal is still required to be validated which may enable the price to rise high beyond the crucial resistance.
DOGE prices surged in the times when Elon Musk has not talked about the token much. Yet the prices surged by more than 40% and Shiba INU over 50% since the start of 2023 which signals the possible start of the memecoin season. Dogecoin price underwent a massive bullish close for the previous week that may end the multi-year bearish trend.
Dogecoin price has risen above the huge falling wedge, flashing extreme bullish signals. The price appears to be in the process of validating a firm upswing after a breakout beyond the upper resistance of the wedge.
Furthermore, a decent upswing could be validated by surging beyond the pivotal resistance at $0.15 which appears to be pretty distinct from the current levels. Woefully, the buying volume has not been up to the mark as reflected during the November 2022 surge.
Despite a bullish breakout, the Dogecoin price may continue to remain under the bearish influence. Therefore, the price may eventually surpass $0.1 by the end of January 2023 and maintain a notable upswing thereafter.
However, the possibility of rejection also haunts the rally and in such cases, a slight drop towards $0.08 could be possible.
Shiba Inu (SHIB) and Dogecoin (DOGE) Are Doing Well Despite The Economic Uncertainty But Snowfall Protocol (SNW) Is Set For 1000x Gains!
Shiba Inu (SHIB) and Dogecoin (DOGE) have been some of the most popular cryptocurrencies in recent months, gaining significant attention from both retail and famous investors. Shiba Inu (SHIB) is a meme token based on Ethereum’s ERC-20 standard, while Dogecoin (DOGE) started as a joke cryptocurrency but has since become popular and increasingly valuable.
However, investors can now look beyond Shiba Inu (SHIB) and Dogecoin (DOGE), as Snowfall Protocol (SNW) could be the next big cryptocurrency on the block. With its presale ending soon and the launch date set for February 3rd, getting in now would mean being one of the first to experience 1000x gains
What Is Snowfall Protocol (SNW)?
Snowfall Protocol (SNW) is the first of its kind. SNW is the first cross-chain transfer ecosystem built for fungible and non-fungible tokens. Their dApp enables users to swap assets across the most widely used EVM and non-EVM compatible chains.
As the leading cross-chain ecosystem, Snowfall Protocol (SNW) is building the highways needed for millions of people to communicate with every blockchain.
Imagine how difficult it would be to get essential goods and products without a highway in real life. The same applies to the blockchain, as digital transactions will be limited if there are no pathways between different networks.
Snowfall Protocol (SNW) is setting up these highways, connecting each blockchain, and allowing users to freely swap assets securely and efficiently.
Snowfall Protocol (SNW) Beats Both Shiba Inu (SHIB) and Dogecoin (DOGE)
Think about it. With its low entry price of $0.191 in the presale, Snowfall Protocol (SNW) has the potential to become one of the most widely used cross-chain transfer platforms. The protocol is set to be a game-changer as it can connect users across multiple blockchains and enable them to securely swap assets with minimal fees and maximum security.
Sure, Shiba Inu (SHIB) and Dogecoin (DOGE) both have strong communities. But Snowfall Protocol (SNW) could be adopted by many different communities in the blockchain industry. Shiba Inu (SHIB) and Dogecoin (DOGE) are siloed on Ethereum but Snowfall Protocol (SNW) benefits users on a variety of blockchain networks.
So don’t miss out on the opportunity to get in on Snowfall Protocol (SNW) while it is still in its presale! With its potential to fuel 1000x gains in the long term, now is the best time to invest in Snowfall Protocol (SNW).
Shiba Inu (SHIB), Dogecoin (DOGE), and Snowfall Protocol (SNW) – Which Is The Most Profitable?
Some people made millions on Shiba Inu (SHIB) and Dogecoin (DOGE). But the hype is finished for them. Without a strong use case, Shiba Inu (SHIB) and Dogecoin (DOGE) have likely peaked already and are not going to break any new records. On the other hand, Snowfall Protocol (SNW) is still in its early stages and could be adopted by millions of users in the future.
❌ Shiba Inu (SHIB)
❌Dogecoin (DOGE)
✔️ Snowfall Protocol (SNW) – 1000x Gains Potential!
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Bitcoin, Cardano, Dogecoin are Undervalued but Binance is Overvalued – Santiment Reports
This year had a positive start for the cryptocurrency market of 2023, with a significant increase from the closing weeks of 2022. Investor optimism has indeed increased by hopes that the Federal Reserve may ease interest rate hikes contributing in part to the green candles in the new year.
According to an on-chain indicator called the MVRV Z-score, assets like Dogecoin (DOGE), Shiba Inu (SHIB), Ethereum (ETH), XRP, Cardano (ADA), and Bitcoin (BTC) will all be undervalued in 2023. The MVRV Z-score indicates that Binance Coin (BNB), the platform’s native token, is overvalued in 2023 compared to the majority of other cryptocurrencies with significant market capitalizations.
When compared to Bitcoin, Ethereum, XRP, Cardano, and other meme coins, analysts at crypto data aggregator Santiment found that Binance Coin was a greater risk investment. The average addresses have fallen, indicating that these cryptocurrencies with high market capitalization are long-term low-risk investments.
What is MVRV Z-score?
The MVRV Z-score was used by the crypto analytics firm Santiment to put out the data and it should be noted that the indicator is frequently used to determine when a crypto asset is significantly over or undervalued. According to Santiment’s analysis of the provided chart, the assets in question might easily make up for price declines after 2022.
A measurement based on the market value and realized value of cryptocurrencies is called the MVRV Z-Score. Market value is the total worth of all previously minted currencies. This is calculated by multiplying the asset’s current price by the coin’s circulating supply.
The realized value is calculated by adding the most recent sale price of each token that has already been mined, when it was last transferred to a different wallet address, to the total selling price of every token that was in circulation at the time it was sold.
Dogecoin is the only Memecoin To Significantly Lower its Carbon Footprint in the Past Year
According to research published by Forex Suggest, Dogecoin (DOGE) was the first meme token in 2022 to proactively cut its carbon impact by 25% in the span of a single year.
The yearly CO2 emissions produced by the Dogecoin ecosystem dropped by 25% as a direct result of aggressive measures made by both Musk and the other members of the ecosystem.
Based on the research, Dogecoin was responsible for 1,063 tons of pollutants in 2022. This compares to the total amount of emissions created in 2021, which was 1,423 tons.
Dogecoin is positioned to become a viable financial instrument in 2023 because of its less carbon impact and extensive community support.
Cryptocurrencies and Carbon Emissions
In light of the fact that global warming is becoming a more widely discussed topic all over the globe, attention is being drawn to the amount of energy that is required to mine cryptocurrency that causes carbon emissions.
There is a concerted effort being made by some cryptocurrencies to cut down on the amount of energy that is needed for transactions to take place on their respective blockchains. For instance, Ethereum made the switch from its previous Proof of Work (PoW) mechanism of verifying transactions to a Proof of Stake (PoS) consensus mechanism in September 2022. Because of this change, the average amount of energy required to process a transaction in the cryptocurrency has dropped from 62.56 kWh to 0.03 kWh.
Exchanges are doing the same too. Just yesterday, Crypto.com announced that it has entered into an eight-year carbon renewal deal. Following the terms of this new agreement, Crypto.com will take steps to offset its direct carbon footprint.
Dogecoin Rising Trajectory: Legitimate Trend Change Or Bear Trap? Where DOGE Price is Heading?
Dogecoin’s price has been on a rising trajectory since Elon Musk acquired Twitter Inc. for $44 billion late last year. From a daily and weekly chart, the Dogecoin price has formed a falling wedge, which usually signals that the trend will resume later on. As such, market analysts believe the meme lord could rally beyond its October highs of about $0.159 soon.
The rising narrative is backed by the 200W MA, which has supported the price in the past two days. Moreover, the Dogecoin price already broke out of the multi-week falling trend and is now retesting the trend line as a support level.
However, the narrative could be invalidated should the Dogecoin price fall below the trend line support, which would then act as a resistance level once again.
According to our latest crypto price oracles, Dogecoin has gained approximately 18 percent in the past 14 days to trade around $0.084497. The ninth-largest digital asset takes pride in a market capitalization of approximately $11,649,383,387 and a 24-hour trading volume of about $526,969,058. Notably, Dogecoin has recorded total liquidation of approximately $1.61 million in the past 24 hours according to aggregate data provided by Coinglass.
According to several crypto analysts, the next probable trend in Dogecoin is a multi-week consolidation before the next bull market takes place. Furthermore, in the past two bear markets that Dogecoin has existed, first between 2014-2017 and second between 2018-2020, consolidation has taken place in multi-quarter before going parabolic.
As the second largest proof-of-work (PoW) digital asset, Dogecoin has attracted investors from all over the world. According to on-chain data from Tokenview, Dogecoin has about 5,173,869 holders and a total hash rate of approximately 630.95 (TH/s).
Crypto Market Analysis: Dogecoin (DOGE) & Shiba INU (SHIB) Price May Explode Soon!
Dogecoin (DOGE) Price Analysis
Dogecoin, similar to other cryptos ignited a significant upswing since the beginning of 2023 which assisted the price to recover the loss incurred in the past 30 days.
The upswing was limited to levels close to $0.09 which later fell prey to a minor bearish action. However, the token still trades under the bullish influence and is believed to manifest a giant price explosion very soon.
The analyst here highlights the previous touch points of the DOGE price rally. The price, each time tested the upper resistance, witnessed a significant rejection that compelled the token to mark the lows.
Interestingly, the price followed a similar trend and rebounded each time it tested the lower support. Hence, considering the previous bearish crackdown, the analyst believes the DOGE price could be due for a massive breakout.
Shiba INU (SHIB) Poised to Reach the Next Target
Like many other tokens, the Shiba INU price also maintained a consolidated trend for quite a long time. The price later broke out and surged heavily to mark new highs close to $0.000011 and is displaying bullish momentum to prevail for a long.
The market optimism is growing extensively this week and hence a minor pullback may be expected any moment from now. After undergoing bearish action throughout 2022, it’s very tough for the crypto space to re-ignite a crypto bull run.
Therefore, after a gigantic price surge, SHIB price could be poised for a minor downswing. However, a correction may still trigger a bullish move that may enable the price to reach the upper target above $0.0000133.
Litecoin Halving Looms and Dogecoin Creator Sells ETH at $1,190, while Snowfall Protocol (SNW) Emerges as the Big Winner
The crypto market is experiencing a lot of movement lately, with the halving of Litecoin (LTC) looming and Dogecoin (DOGE) creator, Billy Markus, selling a significant amount of Ethereum (ETH) at $1,190. While these events may seem negative, there is a new player in the game that is emerging as a winner: Snowfall Protocol (SNW).
In this article, we will take a closer look at the upcoming halving of Litecoin (LTC), the decision of Dogecoin’s (DOGE) creator to sell Ethereum, and the potential of Snowfall Protocol (SNW) as a winning investment opportunity.
Litecoin (LTC) halving concerns mount as block reward set to be cut in half
The halving of Litecoin (LTC) is set to happen in 202 days, and it is causing a great deal of concern among investors. The halving will cut the block reward in half, from 12.5 LTC to 6.25 LTC. This will likely have a negative impact on the value of Litecoin (LTC), as there will be less incentive for miners to continue to support the network. This in turn could lead to a drop in the value of Litecoin (LTC), which would be bad news for investors who are holding the coin. Currently, Litecoin (LTC) is trading at $84.82.
Dogecoin (DOGE) creator’s Ethereum sale sparks concern among Investors
The recent decision of Dogecoin (DOGE) creator, Billy Markus, to sell a large amount of Ethereum at $1,190 has also caused some concern among investors. Markus stated that he had to sell the Ethereum to pay taxes he owed for last year. While this may seem like a smart financial move, it can also be interpreted as a lack of confidence in the future value of Ethereum. Dogecoin’s (DOGE) value has seen a significant increase in the past week, with a growth of 11.57%. Dogecoin (DOGE) has also experienced a boost of 1.83% in the last 24 hours, bringing the current price to $0.080 per Dogecoin (DOGE). Despite this recent surge, Dogecoin (DOGE) is still 89.14% below its all-time high of $0.74.
Snowfall Protocol (SNW) poised for big gains in the crypto market
Despite the negative news surrounding Litecoin (LTC) and Dogecoin (DOGE), there is a new player in the crypto arena that is making a big splash. Snowfall Protocol (SNW) is a unique cryptocurrency making waves due to its unique approach to the industry. Users can participate in, and gain from, any blockchain of their choice through the help of Snowfall Protocol (SNW).
Additionally, users will be able to transfer money across chains whether they are EVM compatible or not, with the help of Snowfall Protocol (SNW) and its decentralized apps (dApps). It is now in Phase 4 of its presale and is available for purchase at $0.182. Given the tremendous earnings and benefits that investors stand to get in the future, many cryptocurrency experts agree that the Snowfall Protocol (SNW) current value is an absolute steal. The price of Snowfall Protocol (SNW) is expected to increase by more than 5000% over the following few days, and this is only the beginning as the token will undoubtedly fly to new heights in the near future.
Conclusion
In conclusion, while the halving of Litecoin (LTC) and the decision of Dogecoin’s (DOGE) creator to sell Ethereum may have negative impacts on the value of those tokens, Snowfall Protocol (SNW) is emerging as a winner. The unique approach and interoperability architecture of Snowfall Protocol (SNW) make it a highly attractive investment opportunity for those looking to gain from the crypto market.
Get in while you can and invest in Snowfall Protocol (SNW) today!!!
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Could This Floki Catalyst Help Dogecoin (DOGE), Shiba Inu (SHIB), And other Memecoins?
For those not familiar with Floki, it is a popular meme coin named after Tesla founder Elon Musk’s Shiba Inu dog.
Like the Dogecoin (DOGE) and Shiba Inu (SHIB) cryptocurrencies, Floki (FLOKI) is a popular meme coin with millions of fans all around the world and it has been trending recently with Dogecoin and Shiba Inu as the crypto market experiences a resurgence.
Floki is the third most popular memecoin after Dogecoin and Shiba Inu, and it was recently ranked by popular financial news website Finbold as a top memecoin to watch in January 2023.
Why You Should Pay Attention to Floki and Its Upcoming Announcement
Floki bills itself as “the people’s cryptocurrency.” The popular memecoin has 420,000+ holders and an army of social media followers that are passionate about it and can’t stop talking about it; as a result, Floki is consistently ranked among the most talked about crypto projects and regularly trends on Twitter.
Floki recently posted a tweet that they will be making an announcement on the 17th of this month:
The tweet about the announcement, which has got a lot of tongues wagging with speculation of what it could be, has been viewed 410,000 times at the time of writing, which is a sign of strong interest in both the announcement and the Floki project during a period many widely consider to be a bear market.
Dogecoin, Shiba Inu, and Memecoins: Could Floki’s Announcement Be a Catalyst for Memecoins?
Memecoins have shown strength and resilience during the bear market, and contrary to the expectations of many they did not die with the bear market. In fact, memecoins have tended to surge and trend higher during the various relief rallies the current bear market has experienced.
Floki’s upcoming announcement has renewed interest in the popular cryptocurrency as well as memecoins in general and it very well could be a catalyst for Dogecoin, Shiba Inu, and a host of other memecoins.
Is Dogecoin Dead? Shiba INU(SHIB) Price to Toss-Off a Zero Before DOGE!
Shiba INU is coming out to be the biggest Dogecoin killer over time as the price has achieved significant highs in the past few days. The price with a more than 11% jump at the moment aims to recover 100% loss incurred due to the collapse of the FTX exchange. Now when the SHIB price is hovering very close to $0.0001 a clear pass-through appears to be imminent.
The SHIB price is testing the upper trend line that it followed for more than the past 6 months. During the previous attempt to slice through the trend line, the bulls put up a good fight, which reduced the bulls’ strength significantly. However, the present scenario is slightly different as the bullish pressure has accumulated due to which the price may remain elevated for a longer time frame.
Therefore, the Shiba INU (SHIB) price may slice through the trend line and clear the resistance at $0.00001042 any moment from now.
Is Dogecoin Dead? Why DOGE Price is Less Volatile?
Dogecoin recently bounced off from its lows below $0.07 and laid down a notable upswing thereafter. With the beginning of the 2023 trade, most of the altcoins raised as Bitcoin price marked highs beyond $19,000. However, the DOGE price remained consolidated and display no notable price action, excluding some minor spikes which were nullified by bearish actions.
Despite the lowered pace, the DOGE price managed to sustain within a bullish frame. The price rose beyond the ascending triangle and is undergoing a restest. An upcoming couple of hours is important for the popular meme coin as the bulls are required to jump in, raising the levels beyond the immediate resistance at $0.0867. Else a drop below the interim support at $0.0748 may be imminent.
Dogecoin to See a Massive Surge Soon? DOGE Price To Surge 30% In Coming Days
Dogecoin (DOGE), the most popular meme token in the world, had an unexpected increase in value a few days ago, which prompted excitement among supporters. Nevertheless, its duration was not very long at all. As this article is being written, the value of the token has decreased by around 2% in only the last twenty-four hours.
In recent times, the DOGE cryptocurrency has not been doing all that well in general. But we shouldn’t throw away all of our optimism just yet. A well-known market expert forecasts that the value of dogecoin will shortly skyrocket dramatically.
DOGE Will See a Surge Soon
Cantering Clark, a well-known pseudonymous analyst, recently informed the followers of his Twitter account that despite the fact that the 24-hour chart for DOGE is now negative, the top meme currency is actually bullish since it has continued to remain above its multi-month support level of about $0.07. At the time of this writing, one DOGE is equivalent to $0.0752.
The expert predicted that cryptocurrency traders would ultimately invest their profits from trading altcoins in Dogecoin, which would trigger a surge toward his goal price of $0.10, which would be a 30% increase in the current price.
His words were:
“There is simply no way that we see sector rotations and sustained pumps without seeing DOGE catch a bid. Multi-month value is holding as support. Lows back through November probed and then reclaimed. Looks good for much higher.”
Could 2023 Be DOGE’s Year?
After Dogecoin’s (DOGE) price hit a difficult patch in the previous months, crypto traders and investors have been attempting to anticipate what the future holds for the dog-themed meme coin this year.
Particularly noteworthy is the fact that significant cryptocurrency investors (known as “whales”) have lately started paying attention to Dogecoin. On the other hand, the token’s trading volume has dropped by approximately 40% in the previous 24 hours.
Dogecoin To Moon in 2023? Will DOGE Price Hit $0.1 Anytime Soon?
Dogecoin (DOGE) price is on the precipice of obliterating gains made last October when Elon Musk finalized the $44 billion acquisition deal of Twitter Inc. The meme lord has moved from trading as high as $0.155 last November to $0.076 on Wednesday, representing a decline of about 50 percent.
However, several analysts think the Dogecoin price is preparing for a mild pump toward $0.1 soon. Moreover, Dogecoin price has risen approximately 8.8 percent in the past seven days according to market data from Coingecko.
Notably, the Dogecoin price is under the watchlist of most crypto analysts due to its vibrant online community. Furthermore, on-chain data indicates Dogecoin is held by 5,168,753 global crypto users. Additionally, the second largest proof-of-work (PoW) secured blockchain enjoys a hashrate of approximately 621.8 (TH/s).
Coupled with increased FOMO following this week’s crypto pump, analysts believe Dogecoin will rise soon. Furthermore, Solana’s recently launched meme coin BONK has gained over 22 percent in the last seven days.
Dogecoin has a market capitalization of approximately $10 billion and a 24-hour trading volume of about $489 million. According to aggregate data provided by Coinglass, total Dogecoin liquidations on all exchanges in the past 24 hours stand at approximately $630k.
As such, crypto analysts indicate Dogecoin price has lots of upside due to increased on-chain activities.
Closer Look At Doge Market Outlook
Even though Dogecoin is a leading meme coin, the digital asset is poised to receive hefty regulatory attention following the FTX and Alameda implosion. For instance, Nepal’s Telecommunications Authority has instructed all internet service providers (ISPs) to prevent all crypto-related activity.
Nonetheless, the meme coin is likely to be listed under Twitter’s Coins feature as outlined by tech blogger Jane Manchun Wong. According to Wong, Twitter will partner with online payment company Stripe to enable coin purchases seamlessly. With the Coins payment feature, Twitter users will be able to tip content creators and store balances in their wallets.
As such, the Dogecoin community believes Musk will favor the meme coin on the Twitter Web3 deal as he did with Starlink payments. Furthermore, Doge’s godfather has been a strong supporter of the meme coin for years through his tweet campaigns.
Dogecoin Is Now One Of The Most Traded Crypto, Will DOGE Price Surge 100% By End of The Week?
The world’s largest cryptocurrency, Bitcoin has been moving between bears and bulls since the start of 2023. The same is followed by Ethereum and other altcoins. Though the year 2022 has not been in favor of the crypto market, it looks like the market is trying to hold up well since the start of 2023. Among the currencies that are now showing some strength is Dogecoin.
Dogecoin, which has been submerged in a bearish atmosphere in the last two years, is now witnessing some positive changes. As per WhaleStats, a crypto analytic platform, Dogecoin is one of the top 10 tokens that Binance Smart Chain (BSC) whales have racked up in the last 24hrs. These top 10 tokens also include XRP, Filecoin (FIL), and Terra (LUNA)
This has fueled Dogecoin’s trading volume which has surged more than 300% in just a span of one day along with its market cap which has managed to hit $10.3 billion with an increase of 8%.
At the time of publication, Dogecoin has gained 1.31% over the last 24hrs and is now trading at $0.075.
Dogecoin, One Of The Most Traded Crypto
Dogecoin whales were not this active back in 2022, but it’s been just a month that the BSC whales are leaning towards the meme coin. The data also reveal that in the first week of December 2022, the top 100 BSC whales are holding nearly 97 million Dogecoins. However, in the second week, these whales accumulated another 80 million DOGE.
Interestingly, by December 25, 2022, Dogecoin turned out to be one of the most traded cryptocurrencies by the top 100 BNB holders.
However, it’s not the same when it comes to Dogecoin’s daily trading volume as the Santiment report claims that in the last two years, Dogecoin’s trading volume has been on a sliding pattern. Currently, Dogecoin’s trading volume accounts for $402 million in the last 24hrs.
On the other hand, if Dogecoin manages to maintain its bullish pattern, the meme king can easily move past its immediate resistance of $0.080.
Dogecoin And Shiba Inu Lose Ground Against Snowfall Protocol
As Dogecoin (DOGE) and Shiba Inu (SHIB) suffered the most from the recent market crash, cryptocurrency enthusiasts have switched to tokens with strong marketability. Snowfall Protocol (SNW) has seen a massive influx of investors into its network. Snowfall Protocol (SNW) enhances DeFi’s existing operations and wows cryptocurrency enthusiasts around the world with its massive presale growth. Snowfall Protocol (SNW) has increased in value mostly during its pre-sale round, which is nearing completion.
Market Drags Dogecoin (DOGE) Down
The world’s largest meme coin, Dogecoin (DOGE), failed to survive hard hits from market bears. Dogecoin (DOGE) price is down around 27% in the last week. Even on the weekly chart, Dogecoin (DOGE) is down more than 5%.
These declines have caused the price of Dogecoin (DOGE) to drop to $0.0719. There were many reasons for the Dogecoin (DOGE) crash. However, the two biggest were Elon Musk’s tweet indicating that he is stepping down as CEO of Twitter, and a recent report suggesting a sea change in the Dogecoin (DOGE) ecosystem. The report suggested that Dogecoin (DOGE) would abandon the proof-of-work consensus mechanism for a proof-of-stake consensus mechanism, which crypto enthusiasts disliked.
Shiba Inu (SHIB) under extremely cold water
Shiba Inu (SHIB) is a blockchain-based altcoin built on top of the Ethereum network. However, Shiba Inu (SHIB) was primarily developed as an alternative to Dogecoin (DOGE). Shiba Inu (SHIB) later became one of the most traded cryptocurrencies. Shiba Inu (SHIB) was in the news recently when its developer Shytoshi Kusama announced that Shibarium would be coming soon.
Shibarium will be a layer 2 solution that will increase the trading volume on the platform. However, recent developments by Shiba Inu (SHIB) developers have not received much support from the market. Shiba Inu (SHIB) price continues to fall without friction. The Shiba Inu (SHIB) is down more than 11% over the past month. As a result, Shiba Inu (SHIB) is currently trading at $0.00000817.
Snowfall Protocol Best Presale To Buy
Snowfall Protocol (SNW) is a blockchain-based platform for cross-chain communication. With the Snowfall Protocol (SNW), a unique interoperable model has emerged. as a favourite of investors who expect to invest in projects with guaranteed growth prospects. Snowfall Protocol (SNW) was created to remove technical barriers that impede communication between different blockchain networks.
Snowfall Protocol (SNW) is the first blockchain platform aimed at facilitating cross-chain transfers of fungible and non-fungible tokens (NFTs). To enable the exchange of non-fungible token chains, the Snowfall Protocol (SNW) uses the exchange protocol. However, to enable fungible token chain swaps, the platform uses a canonical token bridge. The platform also promises that cross-chain transactions remain accurate and discrepancy-free on its network.
The platform allows its users to share assets between popular non-EVM and EVM networks. The Snowfall Protocol (SNW) allows users to exchange cryptos across other blockchain networks without any technical problems. Snowfall Protocol (SNW) is usable for all market segments and hence has a huge ecosystem that will help it to build a huge user base. The Snowfall Protocol (SNW) can be used in the Defi, Infrastructure Cryptocurrency, Stablecoin and NFT sectors.
Snowfall Protocol (SNW) successfully raised $3 million during its pre-sale and Snowfall Protocol (SNW) commercial price is now up. However, experts expect the project to skyrocket by another 5000% over the next few months.
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This is When Dogecoin Price May Rise by 15x to Reach Beyond $1
Since reaching highs, Dogecoin, the largest memecoin by market capitalization, has plummeted drastically, currently falling over 90% from its highs despite not being significantly impacted by current market trends. The DOGE price broke above a descending trend that acted as strong resistance throughout December 2022.
During the recent upswing, the DOGE price showed potential to rally to the midpoint of the recent downtrend. In the past few days, the price displayed precise signals indicating a change in market behavior.
Currently, bulls have regained levels above $0.07 after testing bottoms at $0.661. The price rose above the 200-day MA levels just before closing the previous day’s trade, indicating a revival of the bullish trend.
Moving within a constant ascending parallel channel since the beginning of 2023, the DOGE price is displaying immense strength, aiming to reclaim the lost levels above $0.08 very soon. Meanwhile, the trading volume also has intensified, largely dominated by the bulls, and hence the price is expected to remain inflated for a longer time. With a lower pace and reduced volatility, the asset may not attract the bears that may help the bull to hold the grip over the rally for a long time ahead.
The market sentiments in 2023 are assumed to be pretty lighter than in 2022 and hence the possibility of a constant upswing emerges. In the larger perspective, the Dogecoin price appears to be poised for a larger price action as the Bollinger Bands have squeezed in the daily chart. Additionally, the MACD is displaying the possibility of a bullish crossover as the price is about to rise above the 20-day SMA which represents the middle bands.
Besides, the bullish reversal of RSI, a couple of times denotes the self-assurance of Dogecoin(DOGE) price to reclaim the positions above $0.08 anytime from now.
Sparklo Presale Is A Threat To Dogecoin And Shiba Inu
When Dogecoin (DOGE) made a significant movement in 2021, people started focusing on meme coins. This created an ideal opportunity for other meme coins to emerge. like Shiba Inu (SHIB).
However, these two cryptocurrencies are not currently doing well, and they are being threatened by alternative crypto projects such as Sparklo.
Dogecoin (DOGE) Is Struggling To Hold Onto Its Legacy
Dogecoin (DOGE) was created in 2013. Ever since its creation, the project has received a lot of positive attention. The meme coin eventually reached its peak popularity by 2021. However, the peak ended when the investors started shifting their focus to crypto projects that back up solid initiatives.
Shiba Inu (SHIB) Fails to Satisfy Investors
Shiba Inu (SHIB) came to the market following the footsteps of Dogecoin (DOGE). It experienced rapid growth, and Shiba Inu (SHIB) has secured a market capitalization worth $7.2 billion within a short time period. It also comes up as the 12th-best cryptocurrency, in terms of market capitalization. However, the recent price fluctuations left investors unhappy.
Sparklo (SPRK) Is The Ideal Cryptocurrency To Focus On
While mainstream cryptocurrencies are going down in value, it is completely natural for investors to panic. However, there is no need to worry too much about it because there are some alternative cryptocurrencies, like Sparklo, that are showing huge growth potential even in their presale stage.
Sparklo is an investment platform that will allow people to invest fractionally in silver, gold, and platinum. Each investment will result in an NFT being minted and fractionalized.
The Sparklo presale is still ongoing, and the price is only $0.013. However, experts believe the value will increase by 4,000% in the next three months.
With its huge growth potential, we recommend checking out Sparklo now.
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Here’s When Dogecoin (DOGE) Might See 2x Rally to Reach Beyond $0.2!
The global market capitalization recently dropped below $800 billion as the fresh wave of bearish clouds hovered over the crypto space.
The Dogecoin (DOGE) price also dropped considerably and presently trading along the lower support levels with depleted volatility and volume. While the market participant awaits an extended bearish action, the DOGE price, besides accumulating gains to manifest a gigantic rally very soon.
DOGE price has been manifesting acute strength despite the bearish control accelerated in the past few days. The price faced a major rejection in the last month at $0.15 and dropped back as assumed to test the same lower support at around $0.07.
The fresh bearish action dragged the price lower below 200-day MA levels while fewer chances of a rebound can be expected. Moreover, the volatility and volume, both remained drained and hence no significant change in the price may be expected this week.
However, the upcoming trade could be more flourishing as the token is closer to igniting a notable bull run soon. The recent rejection from 200-day MA levels can be considered as a trigger that is believed to have uplifted the price beyond the $0.08 resistance initially and later rise beyond $0.1 and later rise beyond $0.15.
However, only after securing these levels, a major upswing may kick in that may rise the price by more than 40%. As per a popular analyst and self-proclaimed Dogecoin ambassador, Dogecoin Ride, the price may rise as high as $0.2 soon.
Besides, the Dogecoin ecosystem is working hard to introduce new features like Dogecoin makeover, Libdogecoin, Dogecoin Standard, GigaWallet, etc and many more Hence a significant upswing may uplift the price soon.
Analysts Believe That Sparklo Is A Better Investment Than Dogecoin And Shiba Inu
The value of Shiba Inu (SHIB) and Dogecoin (DOGE) has significantly dropped during the last few months. As a result, those hoping to make money from their investments are hesitant to put money into these cryptocurrencies. They often concentrate on alternative cryptocurrency ventures like Sparklo.
Shiba Inu (SHIB) Is A Subpar Cryptocurrency At The Moment
The cryptocurrency Shiba Inu (SHIB) is a well-known meme cryptocurrency. In 2021, this coin enjoyed rapid growth. Cryptocurrency experts, however, were aware that investing in Shiba Inu (SHIB) always carries a more significant risk. Shiba Inu (SHIB) is regarded as a high-risk, high-return investment.
Dogecoin (DOGE) Investors Are Giving Up Their Investments
Dogecoin (DOGE) was established by a few of the Bitcoin project’s creators. Dogecoin (DOGE) was purely a meme currency. The value of Dogecoin (DOGE) has decreased since the start of 2022 by almost 24%, and it is expected to continue in 2023. This is the key reason investors in Dogecoin (DOGE) are selling their holdings.
Sparklo (SPRK) Is An Excellent Alternative Investment
Sparklo is a new name in the crypto world. With the Sparklo platform, users may purchase NFTs that support rare and expensive metals like gold, silver, and platinum.
The finest thing a cryptocurrency trader can do right now is to purchase Sparklo tokens. Sparklo presale has just begun, and it is being offered for only $0.013. Within the next three months, this is anticipated to increase by 4,000%.
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Dogecoin (DOGE) Price Bounces Off from Support- Yet Could Slip Down to $0.05 Soon!
Dogecoin price received mainstream attention when the asset kicked off a magnificent upswing in 2021, which lead to the rise of the crypto market bull run. However, since then the price has been under extreme bearish pressure and presently has reached its lowest levels. Meanwhile, the price is attempting a bullish breakout, but a significant plunge appears to be imminent.
The DOGE price has been bearish since the beginning of December and has dropped more than 56% marking the lows at around $0.07. While the bulls are trying to set up a notable upswing, the diminished volume has hampered the strength of the rally.
Hence, as predicted by a popular analyst, Altcoin Sherpa, DOGE price is primed to hit the $0.57 area again.
Moreover, the price is believed to drop heavily after failing to hold at these levels which may form new lows for 2022. One of the major reasons is said to be the poll that ended up suggesting Elon Musk step down as Twitter CEO. The price has been bearish since then, plunged by more than 10%.
Collectively, the Dogecoin price has been bearish despite the price displaying a minor bullish divergence in recent times. The RSI which was hovering within the average levels has now made significant swings on either of the sides that may further increase the volatility of the asset in the coming days. However, the bulls remain off-the-shore due to which the bears may outpower the bulls any moment from now.
Higher Potential Returns On Oryen Network (ORY) Than Dogecoin (DOGE). Presale Live Now
Each investor wants to make sure the cryptocurrency project they intend to invest in is valuable and has potential to grow even more. The Oryen project has been included in this year’s top cryptocurrency and best presales lists, proving that it is in this category. Crypto experts Jim Crypto and Steven Clarke also have high hopes for this project.
Dogecoin (DOGE)
The Shiba Inu dog breed served as the inspiration for the peer-to-peer cryptocurrency known as Dogecoin. Over the years, it has suffered numerous losses and drawdowns from which it is still unable to recoup.
Due to its unlimited supply, DOGE has subpar utility in the DeFi sector.
Oryen (ORY)
Currently, the price of Oryen is $0.25. This indicates that while it is in its presale, it is already worth more than Dogecoin’s current price. The utility of Dogecoin thus cannot be equated to that of Oryen.
The project’s Oryen Auto Staking Technique (OAT) protocol includes a number of sophisticated elements that work in the background to enable the amazing functions it performs on the scene such as; staking that is automated.
Users of this platform are not expected to understand ideas behind yield farming and staking. The OAT starts auto-staking as soon as a user adds the native token, ORY, to their wallet. No other DeFi project provides staking as simple as this.
OAT outperforms other hedges by generating a consistent annual percentage yield (APY) of 90%. Other extra capabilities like Oryen’s backup treasury and RFV wallet ensure these fixed payouts. Additionally, the OAT offers quick rebase rewards that are paid once every 60 minutes.
Analysts believe that after Oryen launches, its price will rise even more quickly. As a result, Darryl Boo suggests investing before the presale ends, which will happen soon as illustrated below.
| Presale Phase | Date | Price Increase | ORY Price | Purchase Bonus |
|---|---|---|---|---|
| Presale 8 | 16 Dec — 23 Dec | 400% | $0.25 | 5% |
| Presale 9 | 23 Dec — 27 Dec | 500% | $0.3 | 0% |
Conclusion
When investing in crypto assets, higher potential return is one of the most crucial factors to take into account. Oryen has the greatest possibilities in that regard. While still in presale, it has had a 400% spike in price, which signifies the beginning of a much larger growth.
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Oryen Network On The Brink Of Revolutionizing DeFi, ORY Presale Outselling Shiba Inu And Dogecoin
To make a bold move on the path to a revolution in DeFi, a crypto project would have to take monumental leaps to deliver real benefits that meet expectations.
A particular project has been making significant efforts to redefine decentralized finance by offering the ultimate ease of use while interacting with automated features. Oryen is on the brink of revolutionizing DeFi as its ongoing presale achieved an incredible price increase of 400% and outsells Shiba Inu and Dogecoin.
Oryen (ORY) – The Protocol For The Future
Oryen sets itself apart from the lot by repurposing the narrowed view of decentralized finance through its one-of-a-kind financial protocol called Oryen Autostaking Technic or OAT. The purpose of the protocol is to ensure that staking processes are made easy and convenient for investors to implement and consequently earn through its native token, ORY, the highest stable returns in crypto.
A unique benefit of the ORY token is that automatic staking and compounding features are operational to reward holders with the highest fixed APY (Annual Percentage Yield) in the market at a rate of 90% and a daily ROI (Return On Investment) of 0.177%. The OAT protocol ensures a safe and easy means to perform autostaking in DeFi. Basically, when you buy ORY, you receive autostaking directly to your wallet and you are set to receive rebase rewards.
OAT protocol also assures a fast rebase reward by paying out every 60 minutes or 24 times every day, thus making it the fastest auto-staking protocol. According to CryptoNews sources, Oryen is one of the best cryptocurrencies to buy right now.
OAT also ensures that all feature implementations are smooth and operational by taking into account a complex set of factors to provide support for its price and rebase rewards.
Shiba Inu (SHIB)
Shiba Inu is one of the many “dog-themed” meme cryptocurrencies that was developed in August 2020 by an unknown person or group of persons under the pseudonym “Ryoshi”. The meme crypto aspires to be the Ethereum-based rival to Dogecoin. SHIB token is an Ethereum-based ERC-20 token that can be exchanged between traders and can be held as a store of value.
Dogecoin (DOGE)
Dogecoin is the first “meme-centric” cryptocurrency that was developed as a payment system in 2013. It was created to be a relatable and more digestible digital currency due to the wild speculations surrounding crypto at the time. Dogecoin’s native crypto, DOGE is also a store of value and can be traded against other crypto assets. DOGE’s insignia depicts the popular “doge meme” and it is also an open-source crypto that facilitates peer-to-peer transactions.
Conclusion
As Oryen progresses on its path to changing the narrative of decentralized finance, the foreseeable future holds amazing possibilities to ensure the ultimate access to wealth generation.
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Dogecoin Price Losing the Grip as Elon Musk May Not Remain Twitter CEO for Long!
Dogecoin price kick-started the monthly trade on a bullish note by gaining more than 50% in its value in just a couple of days. Meanwhile, the bearish action which followed dragged the price back to its initial levels again. This may be due to the reason that Elon Musk is again in rounds but did not mention anything about DOGE. Since then the DOGE price is struggling very hard to withstand the bearish pressure and rise high.
DOGE price is yet again plunging heavily as the asset has plunged by more than 12% in the past 7 days. The bearish momentum was further fueled when the current Twitter CEO, Elon Musk expressed his willingness to step down as Twitter CEO and conducted a poll.
As of now, more than 57% of 14 million votes are in favor of him stepping down as the CEO, while the poll may still run for another 3 hours. Along with this, the bearish sentiments prevailing within the space could be a major reason for the fresh decline in the prices
The Dogecoin price has been trading below the crucial 200-day MA since the beginning of the yearly trade. However, the November push uplifted the price beyond these levels marking the revival of a firm bullish trend. Presently, the DOGE price, despite the bearish action, is trying to sustain at these levels and trigger a rebound. Meanwhile, the buying volume has dropped heavily due to which the fear of slicing down from the 200-day MA levels emerges.
In that case, the DOGE price is expected to test the lower support zone between $0.05 to $0.056 and attempt a rebound. Conversely, if the token triggers a rebound from the current levels after a brief consolidation, then a notable jump towards the interim resistance at 50-day MA levels at $0.095 appears imminent.
Collectively, the Dogecoin price appears to be extremely bearish and if Elon Musk steps down as the Twitter CEO, the token may be negatively impacted. The November surge was fueled by the speculations of Twitter adding DOGE to their payment methods. Therefore, the coming few days could be extremely pivotal for the DOGE price as immense volatility may be expected until the year’s end.
Dogecoin And Shiba Inu Buying In The Flasko Presale
2021 and 2022 gave a reality check to many bogus cryptocurrencies as the fame bubble burst for coins like Dogecoin (DOGE) and Shiba Inu (SHIB). As crypto platforms advance, crypto investors prefer cryptos backed by lucrative real-life assets such as Flasko. This is why meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are losing not only their popularity but also their values.
Dogecoin (DOGE) Investors Are More Interested In Flasko (FLSK)
Following the success of their Christmas Day comic starring Shiba Inu, creators Billy Markus and Jackson Palmer released Dogecoin (DOGE) on December 6, 2013. The objective was to create a cryptocurrency that was both lucrative and enjoyable to use. Thankfully, Dogecoin (DOGE) quickly gained popularity and turned many people into overnight crypto millionaires in the past few years. This project is an open-source, peer-to-peer cryptocurrency that aims to compete with Bitcoin (BTC). Dogecoin (DOGE) is one of the best meme cryptocurrencies because of its other interesting features. Dogecoin (DOGE) touched new lows in 2022, and many Dogecoin (DOGE) have started to jump ship.
Shiba Inu (SHIB): No Longer a Hot Topic
Shiba Inu (SHIB) gained much traction during its genesis moment among cryptocurrency traders. Shiba Inu (SHIB) exploded in value when prominent investors like Elon Musk expressed interest in the cryptocurrency. While Shiba Inu (SHIB) was once all the rage, those days are long gone. It’s no longer recommended that you put your money into Shiba Inu (SHIB). Since the coin mimicked Dogecoin (DOGE), Shiba Inu (SHIB) is declining like Dogecoin (DOGE) as well in 2022.
Flasko (FLSK) to Have the Highest Profitability Among Cryptocurrencies
Flasko will be the first cryptocurrency-specific alternative investment platform that will allow users to purchase vintage champagnes, premium whiskeys, and exquisite wines backed by fractionalized NFTs on a crypto-trading platform
The value of Flasko’s new presale token is projected to increase by 6,000% by 2023, making it a strong contender for a spot among the top-growing digital currencies. Prospective purchasers of Flasko tokens during the current presale will view this as the ideal chance to get into a future behemoth early and at an unbelievable price of only $0.125.
We think Flasko has the potential to become a leading cryptocurrency protocol and one of the greatest investments of 2022. Join the Flasko presale by checking out the links below:
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