bitcoinlfg

Author: BTCLFGTEAM

  • BabyDogeCoin | BabyDoge Surged By 34% Following New Announcement

    BabyDogeCoin | BabyDoge Surged By 34% Following New Announcement

    The live BABYDOGECOIN price today is $2.78e-9 USD with a 24-hour trading volume of $28,180,707 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 Surged By 34% Following New Announcement

    BABYDOGE rose 34.7% after an announcement by @BabyDogeCoin of its new listing on a top 10 Cryptocurrency exchange.BabyDoge ia trending on CoinGecko. BabyDogeArmy is trending on Twitter with more than 113k+ tweets. Moreover the Official BNBCHAIN site,DappBayBNB has ranked BabyDogeSwap the 2 dex on BSC in the last 30 days by total users.

    https://twitter.com/BabyDogeCoin/status/1641374840635510791?t=p6BdCvnNkC9qS9jPeAUp5Q&s=19

    The number of followers of Babydoge are increasing tremendously.BabyDoge is the top BNBChain Project with highest number of followers on Twitter.Babydoge has also recently surpassed $10 million in Total Value Locked (TVL).BabyDoge is on the 14th position among all Decentralized Finance (DeFi) platforms on BNB Chain and fifth among BNB Decentralized Exchanges (DEXes).

    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.

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

    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.

    BabyDoge is continuously expanding its ecosystem with exciting innovations. BabyDoge is the most held token in BNBChain with over 1.7+ Million Holders.It is one of the biggest meme ecosystems in web3, valued at $350 million and expanding at a rapid rate.In addition BabyDogeCoin have just crossed 1.7 million+ BabyDoge holders!Making babydoge one of the most held memes of all time!

    Social engagement of BabyDogeCoin has seen an incredible surge of 7800%, reaching 7.35 million social mentions in 2022. BabyDogeCoin has continued to outpace Shiba Inu in terms of the number of holders, with a growing and passionate community dedicated to its success.

    BABYDOGECOIN BURNS AND HOLDERS:

    In the past 24 hours, 34,271,745,025,686.96 (~$99,559.42)BABYDOGE tokens have been burned. So far,204,273,309,464,509,216.00 (~48.637%) 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 1,714,073.

    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 | The Number Of Testers On Shibarium Has Been Rapidly Increasing

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

    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.

    The Number Of Testers On Shibarium Has Been Rapidly Increasing

    The amount of daily transactions on the Layer 2 network of Shiba Inu has surged to an all-time high of over 41,600.The total number of transactions up to now has almost reached 110,000, and the number of participating wallets on Shibarium equals 51,781.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 | Binance Wallets Hold Large Amount Of SHIB

    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

  • BABYDOGE TO WORLD PREMIERE ON BITCOINLFG BIGGEST CRYPTO MAGAZINE ON APRIL 8TH

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

    BABYDOGE TO WORLD PREMIERE ON BITCOINLFG MAGAZINE ON APRIL 8TH

    Baby Doge was created when Elon Musk made a tweet about Dogecoin, tweeting the tune of Baby Shark, but replacing Shark with Doge, in June 2020.

     BabyDogeCoin Will Be Featured In BitcoinLFG  Crypto Magazine.

    BitcoinLFG’s Crypto Magazine will be released on 4th – 8TH APRIL April.

    the hype over the magazine launch has gained alot of social media attention as the 1.8 million+ babaydoge holders are waiting for the launch of bitcoinlfg magazine.

    Babydoge father, Dogecoin. A new crypto birthed by fans of the Doge Meme online community. Baby Doge seeks to impress his father by showing his new improved transaction speeds & adorableness. 

    BabyDoge was launched in June 2021 and has an ambitious roadmap that includes further efforts for pet charity, NFT creation, GameFi

    BbyDoge also has real world utility in its pipeline, which is something uncommon in many meme cryptocurrencies.

    It features a BabyDoge card and mobile application, partnerships with Coinpayments to integrate baby doge with top e-commerce platforms like WooCommerce, Shopify and Magento, and charity

     donations with animal rescue and shelters like Paws with Cause, Furkids, Best Friends, ASPCA, Humane Society.

  • Dogecoin | Big Whale Moved 34 million DOGE to Binance

    Dogecoin | Big Whale Moved 34 million DOGE to Binance

    The live Dogecoin price today is $0.075139 USD with a 24 hour trading volume of $397,309,370 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.

    Big Whale moves 34 million DOGE to Binance

    An astounding amount of Dogecoin was sent from one anonymous wallet to another.According to the DogeWhaleAlert tracker of DOGE transactions 11 hours ago, a total of 34,285,849 Dogecoin were shifted to the Binance wallet. This transfer of 350,000,000 DOGE, in all, took place eight hours ago. This amount of meme tokens was equal to $26,581,455 at the time the transaction was made.

    By accepting Dogecoin, 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 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.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.

    RELATED READING :Dogecoin News | BURGER KING UK NEEDS #DOGE

    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.

    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

  • Bitcoin correlation with stocks rises again, normal service resumed

    Bitcoin correlation with stocks rises again, normal service resumed

    Key Takeaways

    • Bitcoin had deviated slightly from stocks over the last couple of weeks 
    • Correlation has bounced back since
    • Tech-heavy Nasdaq continues to trade in lockstep with Bitcoin as investors in both asset classes look to shifting expectations around interest rates 

    It’s been an odd few weeks in the market. The banking wobbles over the last few weeks, triggered by the bank run on the crypto-friendly Silicon Valley Bank (SVB), caused everything to go a little wonky. 

    One of the most curious aspects of this was a deviation from the normal Bitcoin/stocks relationship. Or, sort of. Bitcoin raced upwards while markets digested the banking news, with the correlation – at least on a short-term rolling 30-day metric – dipping as per the below chart. 

    The chart also shows, however, that the correlation has since come back up. 

    As I wrote in a deep dive at the time, we have seen these cases of temporarily dipping correlation a few times over the last year, most notably with the FTX crash in November, as well as the Celsius and LUNA crashes before it. 

    But in each case, the correlation roared back. The above chart shows that it is beginning to do the same again this time. And the chart below shows that no matter what you swing it, the relationship here is pretty close (and forgive the axis crime on this one, please). 

    What happens next?

    The interesting question is what will happen going forward. The key development recently has been with regard to expectations around the future path of interest rates. 

    The forecasts have been transformed. With hiking interest rates exposing the mismanagement of the aforementioned collapsed banks, the trouble has led to the market forecasting a pullback in plans to hike further. 

    Instead of future hikes, there are now cuts in the pipeline, or at least according to the probabilities implied by fed futures. 

    And it was the transition into this new interest rate paradigm, occurring last year as inflation began to roar and it became clear that central banks needed to act, which kicked the correlation up between stocks and Bitcoin. 

    It is not that one is controlling the other, it is that Jerome Powell is controlling both. Tech stocks are particularly sensitive to interest rates, given the sector is valued so much by discounting future cash flows – and a lack of current profit – which is why the correlation, and bloodbath in 2022, was so strong between Bitcoin and the Nasdaq. 

    Whether a potential pivot back off this uber-tight monetary policy sparks a deviation in correlation going forward is yet to be seen. Perhaps it will to a certain extent, but at the same time, it remains difficult to come up with a strong argument that Bitcoin is ready to truly deviate. 

    A decoupling remains the ultimate bull vision for the asset, and perhaps it will get there one day in the future. But there is not much evidence, beyond blind hoping by those in the sector, that this is imminent. 

    Over a multi-year time horizon into the future? That is anyone’s guess. But if the past couple of years has taught us anything, it is that stocks and Bitcoin are paired at the hip, especially tech stocks. The past couple of weeks, and the resumption of this trend, is actually more of a reminder of this than a proof against the theory.

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  • 10.3k wallets increased to 10+ BTC starting February 2022

    10.3k wallets increased to 10+ BTC starting February 2022

    • Bitcoin addresses holding 10 or more BTC grew 71% in just over a year.
    • According to on-chain data, 10,279 new BTC wallets joined the cohort holding 10+ bitcoin between February 2022 and March 2023.
    • Wallets with 10-100 bitcoin cumulatively hold over 4.4 million BTC, or roughly 23% of supply.

    While cryptocurrency prices fell sharply as the bear market of 2022 saw massive contagion across the industry, the number of addresses holding 10+ bitcoins kept rising. Wallets in this category grew 71% between February 2022 and March 2023.

    10.3k addresses with 10+ BTC added since February 2022

    According to the latest data from crypto analytics platform Santiment, the number of addresses with more than 10 BTC have increased by 10,279 since February 2022.

    Per the data, total bitcoin holdings within this cohort remain largely stagnant. However, a 71% increase in the amount of addresses for the past year or so sees these wallets’ overall holdings approach the all-time highs reached in 2019. 

    Currently at 155,000 addresses, the number of bitcoin wallets with 10 or more BTC are just 2,000 less than the all-time high of September 2019, Santiment tweeted on Thursday.

    Looking into bitcoin distribution data as of 30 March, about 139,864 wallets hold between 10-100 bitcoin, with total holdings of over 4.43 million coins for 23% of supply. Another 14,033 wallets currently hold 100-1000 BTC, accounting for just over 20% of supply at 3.9 million BTC.

    On-chain data also shows the largest whales, with 1k-10k bitcoin and 10k-100k BTC holdings, number 1,906 and 112 respectively. Cumulatively, these wallets hold about 6.9 million coins to account for roughly 35% of bitcoin supply.

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  • Galaxy Digital CEO says BTC and ETH are best investments

    Galaxy Digital CEO says BTC and ETH are best investments

    • Mike Novogratz is bullish on crypto, particularly the top two coins Bitcoin and Ethereum.
    • The Galaxy Digital CEO says BTC and ETH been best risk-adjusted investments over the last few years.
    • He also suggested during the company’s earnings call that the US risks losing its place as finanial and innovation leader.

    Galaxy Digital CEO Mike Novogratz says crypto is in “a good moment” highlighting the fact that Bitcoin and Ethereum have been the best risk-adjusted investments in the world over the past few years.

    The billionaire investor said this while commenting on the crypto market outlook during Galaxy Digital’s earnings call. He said:

    “I look right now and say, “What’s the good?” Bitcoin is trading over $27,000, Ethereum over $1,700. On a risk-adjusted basis, that’s volatility adjusted, Sharpe ratio adjusted, Bitcoin and Ethereum have been the two best-performing assets in the world this year. They’ve been the two best-performing assets in the world over the last two years. So, whatever Jamie Dimon wants to say, whatever the Biden administration wants to say, they’re just wrong, and the world knows that.”

    Novogratz explains what’s driving crypto

    Bitcoin has tested resistance near $29,000 in 2023, with its current price of $28,650 about 84% higher year-to-date. Ethereum has also traded above $1,800 as investors eye the $2,000 level. According to latest market data, the price of Ethereum is about 61% higher YTD.

    In Novogratz’ opinion, recent price action has the top coins poised for greater gains over the next several months. As highlighted in the earnings call transcript, the Galaxy Digital CEO believes all “the selling that needed done as crypto prices fell was done.

    Retail has also been behind much of the recent price appreciation, the billionaire investor added.

    “What’s promising, and what has driven crypto broadly this year, is two things. One, all the selling that needed to get done got done, right? There was so much bad news, if you had to sell, panic selling and just the nervousness of “Oh my God! This thing could go to zero,” and people were in sheer panic, you had seller’s exhaustion. But, you’ve had Asia reopen. China has—you know, post the Xi protests around COVID Zero, China took the regulatory boot of the necks of their tech companies, and that includes crypto, so you’re seeing, with Chinese traveling, you’re seeing more activity from Asia.”

    Bitcoin could be “substantially” higher in a few months

    Novogratz also believes the current wave of adoption across the Middle-East, Hong Kong and Europe is good for the crypto industry, even as the US risks losing its place as a financial market leader. 

    According to him, the Biden administration’s attack on crypto, as evidenced by the series of enforcement actions and charges among other things, is shortsighted.

    As for his outlook for Bitcoin and the broader crypto market, the Galaxy Digital chief noted:

    “The market feels strong, and when I look at it technically on charts, we’ve had big weekly closes. I’m surprised to hear myself say this, given where my mindset was in late December, but it would not surprise if we were substantially higher three months, six months, nine months from now.”

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  • New Partnership | BabyDogeCoin Partnered With MaziMatic

    New Partnership | BabyDogeCoin Partnered With MaziMatic

    The live BABYDOGECOIN price today is $2.17e-9 USD with a 24-hour trading volume of $5,702,378 USDGet 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 Has Partnered With MaziMatic For Farming

    Mazi Swapping is now live on BabyDogeSwap.com.BabyDoge Community is thrilled to announce their newest partner for farming with MaziMatic. MaziMatic is the World’s first multi entertainment Metaverse. Moreover A New Proposal is LIVE on BabyDoge. BabyDoge plans to make its products multi-chain.

    https://twitter.com/BabyDogeCoin/status/1641128418182938639?t=fqkx2aKdNxxFmEr1K-3cHA&s=19

    The number of followers of Babydoge are increasing tremendously.BabyDoge is the top BNBChain Project with highest number of followers on Twitter.Babydoge has also recently surpassed $10 million in Total Value Locked (TVL).BabyDoge is on the 14th position among all Decentralized Finance (DeFi) platforms on BNB Chain and fifth among BNB Decentralized Exchanges (DEXes)

    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 be Featured on Biggest Crypto Magazine BITCOINLFG with squidgrow & dollarmoon

    BabyDoge is continuously expanding its ecosystem with exciting innovations. BabyDoge is the most held token in BNBChain with over 1.7+ Million Holders.It is one of the biggest meme ecosystems in web3, valued at $350 million and expanding at a rapid rate.In addition BabyDogeCoin have just crossed 1.7 million+ BabyDoge holders!Making babydoge one of the most held memes of all time!

    Social engagement of BabyDogeCoin has seen an incredible surge of 7800%, reaching 7.35 million social mentions in 2022. BabyDogeCoin has continued to outpace Shiba Inu in terms of the number of holders, with a growing and passionate community dedicated to its success.

    BABYDOGECOIN BURNS AND HOLDERS:

    In the past 24 hours,4,223,151,053,045.07 (~$8,936.19)BABYDOGE tokens have been burned. So far, 204,234,477,838,419,936.00 (~48.627%) BABYDOGE tokens have been burned from the total supply of 420,000,000,000,000,000.

    Also 800+ new holders joined BabyDoge Community in the last 7 days and now the total number of holders of BabyDoge stands at 1,712,860.

    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

  • 17 straight days of positive realised profit for Bitcoin, the longest streak in a year

    17 straight days of positive realised profit for Bitcoin, the longest streak in a year

    • On-chain profit metrics have picked up as the Bitcoin price has risen
    • Net realised profits have been positive for 17 days, the longest streak in a year
    • 74% of the Bitcoin supply is in profit, three months after it dipped below 50% after FTX collapsed and the Bitcoin price fell towards $15,000
    • Volatility has picked up but it is the thin liquidity which is really helping Bitcoin make a run
    • It’s been a great quarter for investors, but there remains peril, writes our Analyst

    Bitcoin had an unforgettable year in 2022 for all the wrong reasons, a collapse in price coinciding with several ugly scandals that rocked the cryptocurrency market at large. 

    Thus far this year, however, it has been bouncing back. Up 71% as we close out Q1, it is trading north of $28,000 for the first time since June 2022. 

    Looking into on-chain metrics, the positive sentiment is clear.

    Net realised profit at one-year highs

    The net realised profit of all coins, that is the difference between the price at which a coin moves and the last price it moved at, is on its longest positive run since this time last year, in March 2022. 

    For seventeen days now, the net realised profit has been positive. In other words, coins are moving at prices higher than what they were bought at (or the price at which they last moved).

    There was an 18-day positive streak in late March / early April last year, and beyond that, we need to go back to Q4 of 2021 to see such a streak, when Bitcoin was trading at all-time highs. 

    Granted, the size of the profits over the last two weeks have not been as outsized as we have seen in previous periods, but the very fact that it is a positive run after the year Bitcoin has had is notable. 

    Three quarters of the supply is in profit

    Another way to see how much things have changed is that three-quarters of the total supply is currently in profit. 

    Just before Christmas, I reported when this figure dipped below 50%, meaning for the first time since the brief flash crash at the start of COVID in March 2020 when the financial markets all went bananas, the majority of the Bitcoin supply was loss-making. 

    Three months later, the picture is a lot brighter, with 74% of the total supply now in profit. 

    Liquidity remains low as stablecoins fly off exchanges

    Interestingly, this rise in prices and profit positions is all occurring at a time when liquidity is extremely low in the market. 

    In a deep dive yesterday, I compiled an analysis showing that the balance of stablecoins on exchanges has fallen 45% in the last four months and is currently the lowest since October 2021. 

    Perhaps that is not a coincidence. The markets are ultra-thin right now, and Bitcoin, which is volatile at the best of times, has found it easier to move aggressively as a result. This also helps explain why it has outperformed the stock market so significantly, despite being so tightly correlated with it recently (although some believers are arguing it is due to banking failures pushing people to Bitcoin, but that feels like a reach). 

    Then again, Bitcoin is going to Bitcoin, and its recent volatility is not anything to write home about when looking historically, even if it has picked up compared to the relatively serene period post FTX collapse. 

    To wrap this up, it’s been a superb few months to kick the year off for Bitcoin, which is a welcome reprieve for investors who got absolutely battered last year. On-chain profit metrics have come right up as sentiment improves and prices jump. 

    But there is also low liquidity which is helping it run-up, while the wider economy presents plenty of uncertainty. Sure, it’s a great start, but it’s not out of the woods yet. 

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  • Dogecoin News | BURGER KING UK NEEDS #DOGE

    Dogecoin News | BURGER KING UK NEEDS #DOGE

    The live Dogecoin price today is $0.075941 USD with a 24-hour trading volume of $372,972,891 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.

    BIG DOGECOIN NEWS : BURGER KING UK NEEDS #DOGE

    Burger King UK makes surprising Dogecoin statement. The UK branch of global fast-food giant Burger King reacted to a post about the acceptance of Bitcoin and cryptocurrency payments in Burger King Paris with a rather unexpected response, “We need doge.”Dogecoin has gained a significant following on social media platforms such as Reddit and Twitter, and many young adults are enthusiastic about using it as a form of payment.

    Dogecoin News | BURGER KING UK NEEDS #DOGE

    By accepting Dogecoin, 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 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.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 is a cryptocurrency that has a fast block time, unlimited supply, and a strong and friendly community.

    RELATED READING : Dogecoin | Top Memecoin By Social Mentions In The Past 24 Hours

    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.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.

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