Dogecoin (DOGE) is one of the ten cryptocurrencies with the highest chance of producing millionaires in 2022. Dogecoin (DOGE) has been considered one of the most promising crypto investments for many years.
After days of excessive movement of DOGE tokens, holders are back to accumulating.Currently, the memecoinโs price is floating around $0.06956, up 4% in the last seven days.
Itโs a good time to be a Shiba Inu investor in July 2022.A series of Shiba Inu news updates and announcements have got Ethereum whales holding more SHIB than ever before, while the total number of holders pushes 1.2 million.
Moreover the Shiba Inu burn rate exploded to over 174 million SHIB according to shibburn.com.The Shiba Inu burn rate exploded on July 26 as more than 174 million SHIB were destroyed within 24 hours.The Shiba Inu burn rate is currently 41.04% of the initial SHIB token supply.
Bitcoin is up 22.68% so far in July, setting up for its highest monthly close since October 2021. At the present time Bitcoin is trading at $23,404
Moreover Bitcoin miners made more than $15 billion in revenue over the course of 2021.However, 2022 hasnโt been kind.
Bitcoinโs mining industry has taken a severe hit in 2022. Given factors such as massive price corrections, inflation, etc., many miners have even exited the Bitcoin network.
A bullish trend is expected from Shiba Inu by the end of this year.Shiba Inu is the second-largest dog coin in the world. It burns tokens regularly to maintain the price of SHIB.
Shiba Inu has a massive one quadrillion token supply, 590 trillion of which are in circulation.Over 1.21 billion Shiba Inu (SHIB) tokens were burned in 104 transactions during the previous week, as per Shibburn.
Currently, the Shiba Inu (SHIB) ecosystem comprises a DAO, ShibaSwap, a decentralized exchange, a metaverse community, and numerous more elements. Shiba Inu (SHIB), like DOGE, has a cult-like fan base and is expected to be active for a while.
New data shows that the adoption of Dogecoin is up, given the number of addresses that are transacting on the network. Dogecoin has now hit its highest point in terms of new daily addresses.
This increase in the number of people using DOGE on the network points to healthy growth for the meme coin.
So despite the fact that the price of the digital asset is down by a large margin, it is enticing investors who likely see the current price of the digital asset as a prime entry point.The majority of DOGE holders are still seeing profit at 52%.
The king coin traded at $23,749 at present time, which represents a 14% upside from the lows of 27 July. It also represents a slight pullback from its 24-hour high of $24,442 after retesting the ascending resistance line.
Despite the upside, BTC remained within the neutral zone, hence there is still room for its price to recover and potentially cross the $25,000 price level.
The market is still bullish in the short term as major altcoins and cryptocurrencies bounce back from recent losses. The total market cap is at $1.09T, a 2.66% increase over the last day.
The live Shiba Inu price today is $0.000012 USD. Shiba Inu is up by 8% in the last 24 hours. Shiba Inu (SHIB) is currently worth more than 6.3 billion dollars on the market. It is a remarkable accomplishment for a token solely intended to be a meme coin.
Furthermore, the SHIB army burnt a significant chunk of the total circulation as well.SHIB witnessed significant demand, especially from Ethereum whales.
Dogepedia is a comprehensive ๐ฑ๐ถ๐ฟ๐ฒ๐ฐ๐๐ผ๐ฟ๐ of all things of Dogecoin, including ๐ด๐๐ถ๐ฑ๐ฒ๐ ๐ฎ๐ป๐ฑ ๐๐๐ค๐. But, unlike Wikipedia, the content is ๐ป๐ผ๐ ๐๐๐ฒ๐ฟ-๐ด๐ฒ๐ป๐ฒ๐ฟ๐ฎ๐๐ฒ๐ฑ, nor can it be ๐ฒ๐ฑ๐ถ๐๐ฒ๐ฑ ๐ฏ๐ ๐ฎ๐ป๐๐ผ๐ป๐ฒ, which may be advantageous in keeping the content correct.
Interestingly, the FAQ and FUD section addressed multiple criticisms leveled at the meme coin, including it being a joke, a lack of utility, and having no hard cap.
On Dogecoin being a joke, Dogepedia said:โ๐๐ฒ๐๐ฝ๐ถ๐๐ฒ ๐๐ผ๐ด๐ฒ๐ฐ๐ผ๐ถ๐ปโ๐ ๐ด๐ฒ๐ป๐ฒ๐๐ถ๐ ๐ฎ๐ ๐ฎ ๐ท๐ผ๐ธ๐ฒ, ๐๐ต๐ผ๐๐ด๐ต, ๐บ๐ผ๐ฟ๐ฒ ๐ฎ๐ป๐ฑ ๐บ๐ผ๐ฟ๐ฒ ๐ฝ๐ฒ๐ผ๐ฝ๐น๐ฒ ๐ฎ๐ฟ๐ฒ ๐ฏ๐ฒ๐ด๐ถ๐ป๐ป๐ถ๐ป๐ด ๐๐ผ ๐ฟ๐ฒ๐ฎ๐น๐ถ๐๐ฒ ๐๐ผ๐ด๐ฒ๐ฐ๐ผ๐ถ๐ปโ๐ ๐๐๐ถ๐น๐ถ๐๐ฎ๐ฟ๐ถ๐ฎ๐ป ๐๐ฎ๐น๐๐ฒ ๐ฎ๐ ๐ฎ ๐น๐ฒ๐ด๐ถ๐๐ถ๐บ๐ฎ๐๐ฒ, ๐ฒ๐ณ๐ณ๐ถ๐ฐ๐ถ๐ฒ๐ป๐, ๐ฎ๐ป๐ฑ ๐ณ๐๐ป๐ฐ๐๐ถ๐ผ๐ป๐ฎ๐น ๐ฐ๐๐ฟ๐ฟ๐ฒ๐ป๐ฐ๐.โ
The live Bitcoin price today is $23,949.68 USD.Bitcoin started a fresh increase above the $23,500 resistance zone against the US Dollar. The next major resistance sits near the $25,000 level.The price is now trading above the $23,500 level.
Moreover Tesla recently sold 75% of its Bitcoin holdings.This has led many to doubt Tesla’s conviction, but it is evident by their comments that the company still views Bitcoin as a legitimate store of value.
Shiba Inu team announced the new SHIB Burn Visa card, which burns SHIB while making payments. The card will burn SHIB for every payment done through the card.
SHIB Burn Visa Card with the slogan โMake payments, burn SHIBโ. The new SHIB Visa aims to improve the burn process without being tied to the Ryoshi team.
The Shiba Inu team and Ryoshi Vision (RYOSHI) previously launched a joint effort called the SHIB Burn portal. The portal is aimed at motivating SHIB holders to burn tokens.SHIB will have a stable price in the end, so it can be used both as a store of value and a method of payment.