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  • Dogecoin | DOGE IS THE CURRENT TOP MEMECOIN BY ALTRANK

    Dogecoin | DOGE IS THE CURRENT TOP MEMECOIN BY ALTRANK

    The live Dogecoin price today is $0.078201 USD with a 24-hour trading volume of $659,430,196 USD.Get detailed Dogecoin price news, analysis and more on BitcoinLFG.

    Dogecoin is an open source peer-to-peer cryptocurrency that utilises blockchain technology, a highly secure decentralised system of storing information as a public ledger that is maintained by a network of computers.

    DOGE IS THE CURRENT TOP MEMECOIN BY ALTRANK

    Dogecoin is the first among top 10 memecoins by LunarCrash Altrank followed by other nine coin memecoins. Shiba inu (SHIB) is listed at the sixth number. Almost 54% of addresses holding the meme coin are in profit at the moment. This figure corresponds to a total of 2.33 million addresses, leaving just about 41% in loss.This metric makes it evident that despite the gloom covering the industry in the past three months, the addresses that held onto their DOGE are largely being rewarded.

    According to blockchain data, there are currently 590 Dogecoin addresses that contain at least $1,000,000 worth of DOGE. Moreover, there are 73 Dogecoin addresses that contain more than $10 million and 8 addresses that contain over $1 billion.At the time of writing, 14 addresses hold more than 1 billion DOGE coins, most of which belong to exchanges. Interestingly, the largest number of addresses hold 1 to 10 DOGE, with more than 1.1 million individual addresses.

    The price of Dogecoin (DOGE) has steadily increased over the years, and it is anticipated that Dogecoin (DOGE) will continue to dominate the memecoins.Dogecoin has remained a popular tipping coin. With its status as the first meme coin and the support of influential figures, it currently ranks among the top 10 largest cryptocurrencies by market capitalisation.Dogecoin (DOGE) continues to hold a large presence in the crypto market.

    Dogecoin (DOGE) has formed a strong online community since its introduction, and captured the world’s attention when Tesla founder, Elon Musk, showed public support for it.Data from coin ranking site CoinMarketCap reveals that Dogecoin’s value currently stands at $10 billion.Dogecoin is a cryptocurrency that has a fast block time, unlimited supply, and a strong and friendly community.Dogecoin has a number of unique features compared to other cryptocurrencies.Dogecoin has no limit on the number of coins that can be mined.

    RELATED READING : Dogecoin | More Than 54% Of Addresses Holding DOGE Are In Profit

    Dogecoin (DOGE) transaction speeds and cheap transaction fees are two of its advantages, making Dogecoin (DOGE) a preferred alternative for micropayments and minor transactions.Dogecoin is also known for its friendly and welcoming community. The Dogecoin community is active on social media and Reddit, and they are known for their charitable acts, such as raising funds for various causes, such as sending the Jamaican bobsled team to the Winter Olympics and building wells in developing countries.Each time Elon Musk mentions cryptocurrency adoption on Twitter, there is a significant surge in transactions and purchases of DOGE.

    What is Dogecoin?

    Dogecoin began as something of a joke, or a meme coin, poking fun at the perceived absurdity of cryptocurrency. Launched in 2014 by Jackson Palmer and Billy Markus, no one expected Dogecoin to become a legitimate cryptocurrency at the time of its creation.

    Dogecoin is named such because of the viral “doge” meme that was incredibly popular online when Dogecoin was founded. The coin’s logo is the infamous doge image itself. A funny crypto based on a funny meme.

    BitcoinLFG | MemeCoin Platform

    BitcoinLFG is the biggest platform with 100,000+ app users and 110k+ followers on Twitter with millions of viewership.Learn about MemeCoins, find new coins and much more.Check your favorite Memecoins on bitcoinLFG.

    Cryptocurrency is fun here.

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    E-mail : team@bitcoinlfgo.com

  • Least amount of Bitcoin on exchanges since the previous bull market top in December 2017

    Least amount of Bitcoin on exchanges since the previous bull market top in December 2017

    Key Takeaways

    • The balance of Bitcoins on exchanges is in constant decline, now at the lowest point since December 2017 
    • Meanwhile, long-term investors continue to hold, soaking up the supply
    • Coins that have not been touched in 10 years now outnumber those held on exchanges 

    I wrote a piece last week on the exodus of stablecoins from exchanges, with the balance currently the lowest since October 2021, with 45% of the total balance of stablecoins on exchanges flowing out in the last four months. 

    But the glut in liquidity is not limited to stablecoins. The world’s biggest cryptocurrency is also seeing funds flow out. Only 11.8% of the total Bitcoin supply is currently on exchanges – that is the lowest since December 2017. 

    To jot your memory, December 2017 was the previous bull market peak. Bitcoin rose to within a hair of $20,000 before freefalling into a two-year-long bear market which ravaged the entire industry.

    Since January 2020, exchanges’ reserves of Bitcoin have been only going one way: down. It hints at the demand/supply imbalance that so many Bitcoin truthers advocate for, with the much-vaunted hard supply cap of 21 million coins for Bitcoin. 

    If demand keeps rising, they argue, the price can only go up because supply cannot keep up. 

    Central to this thesis is the resilience of long-term holders to keep a firm grasp on their bitcoins. And when assessing whether they have, the answer is a resounding yes. 

    The below chart presents long-term holders against the total exchange balance. In November 2022, the number of bitcoins last active 10+ years ago overtook the number of bitcoins on exchanges. 

    Of course, some of these long-term holders will be lost coins, either via their owner dying or losing their private keys. 

    But the stat is still interesting and speaks to the cohort of (very) early investors in Bitcoin who remain clinging to their coins with all their might. Remember, this includes the anonymous Satoshi Nakamoto, who is estimated to hold over 1 million coins, or 5% of the total supply. 

    Below is the chart displaying the current portion of the Bitcoin supply split out by time held and compared to the exchange balance. 

    The result is interesting, but even more so when considering that the last three years brought both the euphoric highs of Bitcoin at nearly $70,000 during the pandemic and then the bone-crushing fall through 2022, which saw it careen down towards $15,000. 

    In terms of the long-term trajectory of Bitcoin, it’s undoubtedly bullish. Of course, it all depends on whether the demand for additional Bitcoin will hold up. The supply may be getting squeezed, but that is all for nothing if the demand side doesn’t hold up its end of the bargain. 

    And on that note, the last year has been a big blow. Not only has capital flowed out of the space at an alarming rate, but a number of very high-profile scandals (LUNA, Celsius, FTX and so on) have rocked the space. The fear is that these episodes have dented the reputation of the cryptocurrency space and will inhibit the demand for Bitcoin on the intuitional side. Have people been put off moving into the space?

    It’s hard to say. But in looking at long-term holders, their confidence seems resolute. 

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  • BabyDogeCoin | BABYDOGE Will Be Listed On Bybit Tomorrow

    BabyDogeCoin | BABYDOGE Will Be Listed On Bybit Tomorrow

    The live BABYDOGECOIN price today is $2.74e-9 USD with a 24-hour trading volume of $11,071,590 USD. Get detailed price news, burns, twitter news, analysis and more on BitcoinLFG.

    BABYDOGECOIN is a hyper-deflationary token designed to become more scarce over time. BabyDoge’s primary utility is “building a fun meme community to spread awareness of animal adoption”.BABYDOGE is the number 1 Meme built on BNB! Saving dogs, Farming, AMM, swapping & staking.

    BABYDOGE will be listed on Bybit_Official Tomorrow

    Bybit is the fast-growing cryptocurrency exchange and trading platform, trusted by millions of users globally. It is the sixth-ranked exchange in the world, per data from CoinGecko.Bybit is excited to announce the upcoming listing of BABYDOGE on their Spot trading platform!ByBit announced that they plan to list the asset on April 4. Furthermore, to commemorate the development, the platform disclosed plans to hold two events through which they will reward the community with a total prize pool of 32 trillion BabyDoge tokens.

    BabyDogeCoin is the top gainer on the Biconomy Exchange. BABYDOGE rose 34.7% after an announcement by BabyDogeCoin of its new listing on a top 10 cryptocurrency exchange.Over $100,000+ of BabyDoge tokens were burned in last 24 hours. BabyDoge Community also shared their weekly recap. The Baby Doge Mobile Unit was in action this week, helping save doges in Central Park, NY. The AnimalLeague teamed up with the Mets for an event using the Baby Doge Mobile Unit as a mobile adoption centerAlmost 80 pets found their forever home.

    BabyDoge Community has shared their very first game.The first game to play with BabyDoge will be a classic game of chess.The new Baby Doge Chess game is in the final stages of development and testing before going live. In this game players will be able to compete against each other to win BabyDoge.Presumably, chess will be the first of multiple games launched on the Baby Doge platform, providing opportunities to increase user engagement and new utility for BabyDoge.

    BitcoinLFG is the biggest platform with 100,000+ app users and 110k+ followers on Twitter with millions of viewership.BitcoinLFG is going to release the biggest crypto magazine.BabyDogeCoin Will Be Featured On BitcoinLFG Most Influential Crypto Magazine.BitcoinLFG’s Most Influential Crypto Magazine will be released on 8th April. BitcoinLFG Magazine Featuring BABYDOGE will go live on Amazon.com also.

    RELATED READING : BABYDOGE TO WORLD PREMIERE ON BITCOINLFG BIGGEST CRYPTO MAGAZINE ON APRIL 8TH

    BABYDOGECOIN BURNS AND HOLDERS:

    In the past 24 hours, 6,343,956,310,818.93 (~$17,515.66) BABYDOGE tokens have been burned. So far,204,867,626,548,445,568.00 (~48.778%) BABYDOGE tokens have been burned from the total supply of 420,000,000,000,000,000.

    Also 4061+ new holders joined BabyDoge Community in the last 7 days and now the total number of holders of BabyDoge stands at 1,716,564.

    What is BabyDogeCoin ?

    Baby Doge Coin (BABYDOGE) is a BEP-20 meme cryptocurrency built on BNB Smart Chain as a spin-off from the popularity of Dogecoin. Created by the vibrant Doge community, the token is seen as an improvement over Doge in terms of speedy transactions and a hyper-deflationary design to ensure scarcity.

    Furthermore, Baby Doge has launched Baby Doge Swap to facilitate token swaps and increase the utility of its native token. The project has also launched its Baby Doge NFT collection. BABYDOGE has an all-time high (ATH) of $0.000000006345 , recorded on Jan 17, 2022.

    BitcoinLFG | MemeCoin Platform

    BitcoinLFG is the biggest platform with 100,000+ app users and 110k+ followers on Twitter with millions of viewership.Learn about MemeCoins, find new coins and much more.Check your favorite Memecoins on bitcoinLFG.

    Cryptocurrency is fun here.

    Twitter : https://twitter.com/bitcoinlfgo

    E-mail : team@bitcoinlfgo.com

  • Shiba Inu | Large Transactions On The SHIB Network Surged In The Last 24 Hours

    Shiba Inu | Large Transactions On The SHIB Network Surged In The Last 24 Hours

    The live Shiba Inu price today is $0.000011 USD with a 24-hour trading volume of $216,270,469 USD.Get detailed Shiba Inu cryptocurrency price news, analysis and more on BitcoinLFG.

    SHIB is the main token of Shiba Ecosystem, bringing the power of a decentralized, community-led currency to millions across the globe.

    Large Transactions On The SHIB Network Surged In The Last 24 Hours

    According to the data large transactions on the Shiba Inu network in the last 24 hours totaled $36.45 million, which represents an increase of 228.64%.In addition according to CoinMarketCap data, a whopping 17,603,658,210,868 (17.6 trillion) SHIB worth $190,816,713 was swapped in the last 24 hours.Moreover a whopping 6,782,788,547 SHIB tokens were burned in March with 540 transactions.

    Shiba Inu (SHIB) has received a lot of attention recently because of Shibarium.Shibarium’s beta release marks a significant development for the Shiba Inu community and the broader crypto market. With quicker and cheaper transactions, staking rewards, and a DEX supporting SHIB and other ERC-20 tokens, Shibarium has the potential to transform the Layer 2 solutions landscape.

    The Shibarium potential is enormous as it is expected to revolutionize the Shiba Inu ecosystem and the crypto space.The Shibarium project will help Shiba Inu evolve into more than a memecoin.Users can access Shibarium’s test tokens through private test network portals.

    RELATED READING : Shiba Inu | Big Whale Added A Massive Amount Of Shib To Its Wallet

    The SHIB army expects the release of Shibarium to push the price of SHIB up as tons of Shiba Inu tokens will be burned for every transaction.One of the goals of the hotly anticipated Shibarium Layer 2 solution is to burn trillions of tokens.As more users transfer, pay or utilize Shiba Inu in any way, more tokens are sent to the burn address.

    What is Shiba Inu?

    Shiba Inu is a cryptocurrency that was created in 2020 by a mysterious person who calls themselves Ryoshi. The name ‘Shiba Inu’ was stolen from the fluffy dog that was the subject of many memes at the time.The coin started as a joke it was meant as a kind of parody of Dogecoin, which was rising fast in both price and popularity despite having little use in the real world. In fact, Shiba Inu called itself a “Dogecoin killer.”

    Shiba Inu runs on the Ethereum blockchain, and while each token or coin is worth just a fraction of a cent, the price went wild in 2021 turning a few early investors into millionaires.While prices have gone back down from whence they came, it still remains one of the most popular cryptos.The Shiba Inu development team is currently busy working on two major projects: SHIB Metaverse and the much-awaited Layer 2 protocol, Shibarium.

    BitcoinLFG | MemeCoin Platform

    BitcoinLFG is the biggest platform with 100,000+ app users and 110k+ followers on Twitter with millions of viewership.Learn about MemeCoins, find new coins and much more.Check your favorite Memecoins on bitcoinLFG.

    Cryptocurrency is fun here.

    Twitter : https://twitter.com/bitcoinlfgo

    E-mail : team@bitcoinlfgo.com

  • Dogecoin | More Than 54% Of Addresses Holding DOGE Are In Profit

    Dogecoin | More Than 54% Of Addresses Holding DOGE Are In Profit

    The live Dogecoin price today is $0.077051 USD with a 24-hour trading volume of $463,655,204 USD.Get detailed Dogecoin price news, analysis and more on BitcoinLFG.

    Dogecoin is an open source peer-to-peer cryptocurrency that utilises blockchain technology, a highly secure decentralised system of storing information as a public ledger that is maintained by a network of computers.

    More Than 54% Of Addresses Holding DOGE Are In Profit

    Almost 54% of addresses holding the meme coin are in profit at the moment. This figure corresponds to a total of 2.33 million addresses, leaving just about 41% in loss.This metric makes it evident that despite the gloom covering the industry in the past three months, the addresses that held onto their DOGE are largely being rewarded.According to blockchain data, there are currently 590 Dogecoin addresses that contain at least $1,000,000 worth of DOGE.

    Moreover, there are 73 Dogecoin addresses that contain more than $10 million and 8 addresses that contain over $1 billion.At the time of writing, 14 addresses hold more than 1 billion DOGE coins, most of which belong to exchanges. Interestingly, the largest number of addresses hold 1 to 10 DOGE, with more than 1.1 million individual addresses. The price of Dogecoin (DOGE) has steadily increased over the years, and it is anticipated that Dogecoin (DOGE) will continue to dominate the memecoins.

    Dogecoin has remained a popular tipping coin. With its status as the first meme coin and the support of influential figures, it currently ranks among the top 10 largest cryptocurrencies by market capitalisation.Dogecoin (DOGE) continues to hold a large presence in the crypto market.Dogecoin (DOGE) has formed a strong online community since its introduction, and captured the world’s attention when Tesla founder, Elon Musk, showed public support for it.Data from coin ranking site CoinMarketCap reveals that Dogecoin’s value currently stands at $10 billion.

    Dogecoin is a cryptocurrency that has a fast block time, unlimited supply, and a strong and friendly community.Dogecoin has a number of unique features compared to other cryptocurrencies.Dogecoin has no limit on the number of coins that can be mined. Dogecoin (DOGE) transaction speeds and cheap transaction fees are two of its advantages, making Dogecoin (DOGE) a preferred alternative for micropayments and minor transactions.

    RELATED READING : Dogecoin | How Many DOGE Millionaires Are There At Present?

    Dogecoin is also known for its friendly and welcoming community. The Dogecoin community is active on social media and Reddit, and they are known for their charitable acts, such as raising funds for various causes, such as sending the Jamaican bobsled team to the Winter Olympics and building wells in developing countries.Each time Elon Musk mentions cryptocurrency adoption on Twitter, there is a significant surge in transactions and purchases of DOGE.

    What is Dogecoin?

    Dogecoin began as something of a joke, or a meme coin, poking fun at the perceived absurdity of cryptocurrency. Launched in 2014 by Jackson Palmer and Billy Markus, no one expected Dogecoin to become a legitimate cryptocurrency at the time of its creation.Dogecoin is named such because of the viral “doge” meme that was incredibly popular online when Dogecoin was founded. The coin’s logo is the infamous doge image itself. A funny crypto based on a funny meme.

    BitcoinLFG | MemeCoin Platform

    BitcoinLFG is the biggest platform with 100,000+ app users and 110k+ followers on Twitter with millions of viewership.Learn about MemeCoins, find new coins and much more.Check your favorite Memecoins on bitcoinLFG.

    Cryptocurrency is fun here.

    Twitter : https://twitter.com/bitcoinlfgo

    E-mail : team@bitcoinlfgo.com

  • BabyDogeCoin | BabyDoge Will Be Listed On Bybit On April 4

    BabyDogeCoin | BabyDoge Will Be Listed On Bybit On April 4

    The live BABYDOGECOIN price today is $2.73e-9 USD with a 24-hour trading volume of $27,775,395 USD.Get detailed price news, burns, twitter news, analysis and more on BitcoinLFG.

    BABYDOGECOIN is a hyper-deflationary token designed to become more scarce over time. BabyDoge’s primary utility is “building a fun meme community to spread awareness of animal adoption”.BABYDOGE is the number 1 Meme built on BNB! Saving dogs, Farming, AMM, swapping & staking.

    BabyDoge will be listed on Bybit_Official on April 4

    Bybit is the fast-growing cryptocurrency exchange and trading platform, trusted by millions of users globally. It is the sixth-ranked exchange in the world, per data from CoinGecko.Bybit is excited to announce the upcoming listing of BABYDOGE on their Spot trading platform!ByBit announced that they plan to list the asset on April 4. Furthermore, to commemorate the development, the platform disclosed plans to hold two events through which they will reward the community with a total prize pool of 32 trillion BabyDoge tokens.

    BabyDogeCoin is the top gainer on the Biconomy Exchange. BABYDOGE rose 34.7% after an announcement by BabyDogeCoin of its new listing on a top 10 cryptocurrency exchange.Over $100,000+ of BabyDoge tokens were burned in last 24 hours. BabyDoge Community also shared their weekly recap. The Baby Doge Mobile Unit was in action this week, helping save doges in Central Park, NY. The AnimalLeague teamed up with the Mets for an event using the Baby Doge Mobile Unit as a mobile adoption centerAlmost 80 pets found their forever home.

    BitcoinLFG is the biggest platform with 100,000+ app users and 110k+ followers on Twitter with millions of viewership.BitcoinLFG is going to release the biggest crypto magazine.BabyDogeCoin Will Be Featured On BitcoinLFG Most Influential Crypto Magazine.BitcoinLFG’s Most Influential Crypto Magazine will be released on 8th April. BitcoinLFG Magazine Featuring BABYDOGE will go live on Amazon.com also.

    RELATED READINGBABYDOGE TO WORLD PREMIERE ON BITCOINLFG BIGGEST CRYPTO MAGAZINE ON APRIL 8TH :

    BabyDoge Community has shared their very first game.The first game to play with BabyDoge will be a classic game of chess.The new Baby Doge Chess game is in the final stages of development and testing before going live. In this game players will be able to compete against each other to win BabyDoge.Presumably, chess will be the first of multiple games launched on the Baby Doge platform, providing opportunities to increase user engagement and new utility for BabyDoge.

    BABYDOGECOIN BURNS AND HOLDERS:

    In the past 24 hours, 13,558,743,190,097.83 (~$36,622.17) BABYDOGE tokens have been burned. So far,204,285,930,528,196,064.00 (~48.640%) BABYDOGE tokens have been burned from the total supply of 420,000,000,000,000,000.

    Also 1500+ new holders joined BabyDoge Community in the last 7 days and now the total number of holders of BabyDoge stands at 1,715,193.

    What is BabyDogeCoin ?

    Baby Doge Coin (BABYDOGE) is a BEP-20 meme cryptocurrency built on BNB Smart Chain as a spin-off from the popularity of Dogecoin. Created by the vibrant Doge community, the token is seen as an improvement over Doge in terms of speedy transactions and a hyper-deflationary design to ensure scarcity.

    Furthermore, Baby Doge has launched Baby Doge Swap to facilitate token swaps and increase the utility of its native token. The project has also launched its Baby Doge NFT collection. BABYDOGE has an all-time high (ATH) of $0.000000006345 , recorded on Jan 17, 2022.

    BitcoinLFG | MemeCoin Platform

    BitcoinLFG is the biggest platform with 100,000+ app users and 110k+ followers on Twitter with millions of viewership.Learn about MemeCoins, find new coins and much more.Check your favorite Memecoins on bitcoinLFG.

    Cryptocurrency is fun here.

    Twitter : https://twitter.com/bitcoinlfgo

    E-mail : team@bitcoinlfgo.com

  • Shiba Inu | Big Whale Added A Massive Amount Of Shib To Its Wallet

    Shiba Inu | Big Whale Added A Massive Amount Of Shib To Its Wallet

    The live Shiba Inu price today is $0.000011 USD with a 24-hour trading volume of $184,135,600 USD.Get detailed Shiba Inu cryptocurrency price news, analysis and more on BitcoinLFG.

    SHIB is the main token of Shiba Ecosystem, bringing the power of a decentralized, community-led currency to millions across the globe.

    Big Whale Added A Massive Amount Of Shib To Its Wallet

    The major whale made a purchase of almost 100 billion Shiba Inu tokens on the Etherum chain. As reported by the WhaleStats wallet tracker big whale added a massive amount of Shiba Inu to his wallet.He acquired a total of 99,297,904,247 Shiba Inu meme coins at the price of $1,058,515 USD.Shiba Inu (SHIB) has received a lot of attention recently because of Shibarium.

    Shibarium’s beta release marks a significant development for the Shiba Inu community and the broader crypto market. With quicker and cheaper transactions, staking rewards, and a DEX supporting SHIB and other ERC-20 tokens, Shibarium has the potential to transform the Layer 2 solutions landscape.

    The Shibarium potential is enormous as it is expected to revolutionize the Shiba Inu ecosystem and the crypto space.The Shibarium project will help Shiba Inu evolve into more than a memecoin.Users can access Shibarium’s test tokens through private test network portals.

    RELATED READING : Shiba Inu | The Number Of Testers On Shibarium Has Been Rapidly Increasing

    The SHIB army expects the release of Shibarium to push the price of SHIB up as tons of Shiba Inu tokens will be burned for every transaction.One of the goals of the hotly anticipated Shibarium Layer 2 solution is to burn trillions of tokens.As more users transfer, pay or utilize Shiba Inu in any way, more tokens are sent to the burn address.

    What is Shiba Inu?

    Shiba Inu is a cryptocurrency that was created in 2020 by a mysterious person who calls themselves Ryoshi. The name ‘Shiba Inu’ was stolen from the fluffy dog that was the subject of many memes at the time.The coin started as a joke it was meant as a kind of parody of Dogecoin, which was rising fast in both price and popularity despite having little use in the real world. In fact, Shiba Inu called itself a “Dogecoin killer.”

    Shiba Inu runs on the Ethereum blockchain, and while each token or coin is worth just a fraction of a cent, the price went wild in 2021 turning a few early investors into millionaires.While prices have gone back down from whence they came, it still remains one of the most popular cryptos.The Shiba Inu development team is currently busy working on two major projects: SHIB Metaverse and the much-awaited Layer 2 protocol, Shibarium.

    BitcoinLFG | MemeCoin Platform

    BitcoinLFG is the biggest platform with 100,000+ app users and 110k+ followers on Twitter with millions of viewership.Learn about MemeCoins, find new coins and much more.Check your favorite Memecoins on bitcoinLFG.

    Cryptocurrency is fun here.

    Twitter : https://twitter.com/bitcoinlfgo

    E-mail : team@bitcoinlfgo.com

  • Bitcoin on cusp of historic quarterly close

    Bitcoin on cusp of historic quarterly close

    The cryptocurrency market cap was around $1.24 trillion as Bitcoin price reclaimed the $28,500 level, with crypto poised to end the first quarter of 2023 higher. BTC price was up 24% in the past 30 days, and 83% up year-to-date.

    Crypto analyst Rekt Capital says Bitcoin is poised for a historic quarterly close, which could inform upward impetus over the next several months.

    Meanwhile, bullish momentum over the past three months has also seen Ethereum price jump nearly 64% YTD. ETH with a daily close at current prices will see it end March 15% higher. The outlook for most top altcoins is the same, with XRP, Binance Coin (BNB), Polygon (MATIC) and Cardano (ADA) set to end Q1, 2023 higher.

    Bitcoin and tech stocks higher YTD

    While the US stock market opened higher on Friday, with equities buoyed by the latest economic data, the overall gains across tech stocks pale when compared to Bitcoin. For instance, the S&P 500 was 6.75% up YTD at 11:30 am ET, the Dow Jones Industrial Average was 0.4% down over the period and the tech-heavy Nasdaq Composite was 16.7% up.

    However, Bitcoin and some tech stocks have outperformed most other assets this quarter. As noted above, BTC/USD is 83% up YTD and will likely close the quarter with more than 80% in gains. Tesla (TSLA) was 86% up at the time of writing, while Meta Platforms (META) was +63% YTD.

    The Apple (AAPL) stock was +30% YTD on Friday, while Amazon (AMZN) had gained more than 20% this quarter.

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  • Dogecoin | How Many DOGE Millionaires Are There At Present?

    Dogecoin | How Many DOGE Millionaires Are There At Present?

    The live Dogecoin price today is $0.074402 USD with a 24-hour trading volume of $290,840,934 USD.Get detailed Dogecoin price news, analysis and more on BitcoinLFG.

    Dogecoin is an open source peer-to-peer cryptocurrency that utilises blockchain technology, a highly secure decentralised system of storing information as a public ledger that is maintained by a network of computers.

    How Many DOGE Millionaires Are There At Present ?

    According to data, there are currently 590 Dogecoin addresses that contain at least $1,000,000 worth of DOGE. Moreover, there are 73 Dogecoin addresses that contain more than $10 million and 8 addresses that contain over $1 billion.At the time of writing, 14 addresses hold more than 1 billion DOGE coins, most of which belong to exchanges. Interestingly, the largest number of addresses hold 1 to 10 DOGE, with more than 1.1 million individual addresses.

    By accepting Dogecoin( DOGE) , businesses can tap into this demographic and attract new customers.The price of Dogecoin (DOGE) has steadily increased over the years, and it is anticipated that Dogecoin (DOGE) will continue to dominate the memecoins.Dogecoin (DOGE) as remained a popular tipping coin. With its status as the first meme coin and the support of influential figures, it currently ranks among the top 10 largest cryptocurrencies by market capitalisation.

    Dogecoin (DOGE) continues to hold a large presence in the crypto market.Dogecoin (DOGE) has formed a strong online community since its introduction, and captured the world’s attention when Tesla founder, Elon Musk, showed public support for it.Data from coin ranking site CoinMarketCap reveals that Dogecoin’s value currently stands at $10 billion.The current market cap of Dogecoin is $9,830,728,528.A high market capitalization implies that the asset is highly valued by the market.

    According to market followers, Dogecoin’s market capitalization is currently worth US$12.71 billion, indicating its high value in the market.Dogecoin (DOGE) is ready to continue making strides in the cryptocurrency market.Dogecoin (DOGE) has stocks listed on top crypto platforms within the industry, including Binance, Coinbase, and Huobi Global. Dogecoin (DOGE) is a cryptocurrency that has a fast block time, unlimited supply, and a strong and friendly community.

    RELATED READING : Dogecoin | Big Whale Moved 34 million DOGE to Binance

    Dogecoin (DOGE) has a number of unique features compared to other cryptocurrencies.Dogecoin has no limit on the number of coins that can be mined. Dogecoin (DOGE) transaction speeds and cheap transaction fees are two of its advantages, making Dogecoin (DOGE) a preferred alternative for micropayments and minor transactions.Dogecoin is also known for its friendly and welcoming community.

    The Dogecoin community is active on social media and Reddit, and they are known for their charitable acts, such as raising funds for various causes, such as sending the Jamaican bobsled team to the Winter Olympics and building wells in developing countries.Each time the billionaire Elon Musk mentions cryptocurrency adoption on Twitter, there is a significant surge in transactions and purchases of DOGE.

    What is Dogecoin?

    Dogecoin began as something of a joke, or a meme coin, poking fun at the perceived absurdity of cryptocurrency. Launched in 2014 by Jackson Palmer and Billy Markus, no one expected Dogecoin to become a legitimate cryptocurrency at the time of its creation.Dogecoin is named such because of the viral “doge” meme that was incredibly popular online when Dogecoin was founded. The coin’s logo is the infamous doge image itself. A funny crypto based on a funny meme.

    BitcoinLFG | MemeCoin Platform

    BitcoinLFG is the biggest platform with 100,000+ app users and 110k+ followers on Twitter with millions of viewership.Learn about MemeCoins, find new coins and much more.Check your favorite Memecoins on bitcoinLFG.

    Cryptocurrency is fun here.

    Twitter : https://twitter.com/bitcoinlfgo

    E-mail : team@bitcoinlfgo.com

  • Bitcoin volatility rising as $4.2 billion options set to expire Friday

    Bitcoin volatility rising as $4.2 billion options set to expire Friday

    Key Takeaways

    • Bitcoin volatility is the highest point since July 2022
    • Liquidity is extremely thin which is pushing volatility higher and accentuating price moves
    • $4.2 billion of options expire Friday, with bull set to profit following the recent surge up to $28,000

    Yesterday, I wrote a piece looking at how the correlation between Bitcoin and the stock market, notably tech stocks, has come back up. The relationship had loosened amid the banking turmoil that struck financial markets, triggered by the collapse of Silicon Valley Bank.

    As well as rising correlation, the market is also swinging wildly – the volatility is as high as it has been since July 2022, around the time Celsius sent evaporated into thin air and sent the market into mayhem.

    Why is volatility rising?

    The volatility spike is not surprising in light of the glut of liquidity currently in the markets. We crafted up a piece on this earlier this week, assessing how 45% of stablecoins had flowed out of exchanges in the last four months, with the balance now at the lowest point since October 2021. 

    It gives context to the recent Bitcoin price rise. With less liquidity in the markets, moves are naturally more violent, and Bitcoin has surged up to $28,000, now up 68% on the year. 

    While the move to the upside has been exacerbated by this thin liquidity, the opposite also holds true: the downside risk is elevated when markets are so thin. 

    It paints a picture of high risk for an asset that already oscillates wildly at the best of times. 

    Derivatives add to volatility

    Another factor? Derivatives open interest is absolutely soaring, with the below chart from Coinglass showing that options open interest is at its highest point since November 2021. 

    As I write this on March 31st, a mammoth $4.2 billion of Bitcoin options are set to expire. The below chart also shows the strike prices of the options – with a call/put ratio of 2.09 and Bitcoin currently trading close to $28,000, it will be a profitable day for many traders. 

    Digging into the numbers, there are 97,300 call options expiring at a strike price of $28,000 or less, compared to 24,500 put options. The dollar split is over $2 billion in favour of calls. 

    Looking at strike prices of the next level up, it is pretty much all call options. Between $28,000 and $32,000 there are 48,000 call options against 400 put options with a $1.4 billion split in favour of calls. 

    After a year of bears dominating, there will finally be some bulls primed to profit. 

    Indeed, looking at the Bitcoin spot holdings, it is showing more positive news all across the market. In December, the majority of Bitcoins were in loss-making positions, when comparing the market price to the price at which they last moved. 

    Today, however, 74% of the supply is in profit when using the same metric. 

     

    With interest rate policy expectations softening, Bitcoin has finally been allowed room to run. However, with thin liquidity and high volatility comes risk, although when it comes to Bitcoin, risk is hardly a foreign concept.

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