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  • Dogecoin | DOGE Price Surged By 8% In The Past 24 Hours

    Dogecoin | DOGE Price Surged By 8% In The Past 24 Hours

    The live Dogecoin price today is $0.097846 USD with a 24-hour trading volume of $1,996,307,612 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 Price Surged By 8% In The Past 24 Hours

    Dogecoin (DOGE) price surged by almost 8% in the last 24 hours. The price had surged by 30% just after the Twitter’s logo was changed to DOGE. Twitter’s iconic bird logo was replaced by the internet-famous Doge.On April 3, Twitter’s usual logo depicting a blue bird was changed for a Dogecoin logo. This pushed the price of the meme coin way up, adding more than 30% overall.

    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.Dogecoin is also known for its friendly and welcoming community.

    RELATED READING : Dogecoin | Twitter Logo Changed To “DOGE”

    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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  • BabyDogeCoin | One Of The Most Popular Alt In Many Regions Of The World

    BabyDogeCoin | One Of The Most Popular Alt In Many Regions Of The World

    The live BABYDOGECOIN price today is $2.76e-9 USD with a 24-hour trading volume of $16,281,493 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.

    BabyDogeCoin Is One Of The Most Popular Alt In Many Regions Of The World

    According to CoinMarketCap BabyDoge is one of the most popular alt in many regions of the world. Meme coins like ShibaInu and BABYDOGE were popular across all regions. In addition Our farming partner @Chirpley has locked 1% of their token supply using the free Baby Doge token locker. They will additionally lock 3% more in 2023!The BabyDoge token locker is the only locker in crypto currently that allows you to lock LP tokens or normal tokens for FREE.

    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 : BabyDogeCoin | BABYDOGE Is Now Available on Bybit_Official

    BABYDOGECOIN BURNS AND HOLDERS:

    In the past 24 hours,10,893,373,172,143.64 (~$28,987.27) BABYDOGE tokens have been burned. So far,204,882,646,754,182,080.00 (~48.782%) BABYDOGE tokens have been burned from the total supply of 420,000,000,000,000,000.

    Also 5799+ new holders joined BabyDoge Community in the last 7 days and now the total number of holders of BabyDoge stands at 1,719,281.

    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.

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    E-mail : team@bitcoinlfgo.com

  • Peer-to-peer crypto exchange Paxful to suspend operations

    Peer-to-peer crypto exchange Paxful to suspend operations

    • Paxful will temporarily halt operations.
    • The exchange’s CEO however stated that they are not sure if it will resume operations.
    • This is the second peer-to-peer crypto exchange to shut down.

    Paxful CEO Ray Youssef has published a post on the exchange’s website stating that the peer-to-peer (P2P) exchange will be suspending its marketplace. Ray went ahead to state that they are not sure if the exchange will resume operations.

    This is the second popular P2P exchange to shut down in 2023 after LocalBitcoins announced shutting down in February.

    Key staff departures and regulatory challenges

    The CEO cited key staff departures and regulatory challenges in the post saying:

    “This will probably come as a big shock to many. While I cannot share the full story now, I can say that we unfortunately have had some key staff departures. Also, regulatory challenges for the industry continue to grow, especially in the peer-to-peer market and most heavily in the U.S. While we work through these issues, we have taken the most secure option and ask you to explore self-custody and trade elsewhere.”

    The CEO said that the biggest priority at the moment is safeguarding customer funds and advised customers to withdraw where possible. He has gone ahead to recommend withdrawing to self-custody wallets like Exodus and Muun.

    Ray also stated that Paxful will be offering an easy migration to other P2P alternatives for non-US customers. He highlighted three P2P exchanges namely Noones, Bitnob and Yellow Card.

    The Paxful Wallet will however remain operational for customers to retrieve their funds.

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  • Shiba Inu | SHIB HAS SURGED BY 10% ON THE WEEKLY CHART

    Shiba Inu | SHIB HAS SURGED BY 10% ON THE WEEKLY CHART

    The live Shiba Inu price today is $0.000011 USD with a 24-hour trading volume of $645,503,991 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.

    SHIB HAS SURGED BY 10% ON THE WEEKLY CHART

    The price of Shiba Inu has surged by 12% in the last 7 days. This price increase has been provoked by the recent surge of Dogecoin, the biggest meme cryptocurrency in terms of market capitalization. Yesterday, Twitter owner Elon Musk suddenly changed the Twitter logo from the famous blue bird to Dogecoin avatar.

    Moreover over the past 24 hours, the total amount of meme coins removed from the circulating supply totals 15,139,646 SHIB in only four transactions. Over the past week, nearly 280 million meme coins have been sent to dead-end wallets to be locked there without any chance of withdrawal or spending.

    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 | Huge Amount Of SHIB Moved Between Wallets

    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.

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  • Bitfinex analysts say BTC is in “transition”

    Bitfinex analysts say BTC is in “transition”

    • The number of Bitcoin wallets with non-zero BTC balance recently hit a new all-time high of 45.388 million.
    • However, daily active addresses and daily confirmed transactions have fallen.
    • Bitcoin price remains bullish but analysts urge caution as on-chain metrics indicate weakness amid renewed correlation with S&P 500.

    Bitcoin price currently trends above$28,300, about 0.7% higher in the past 24 hours. The slight uptick follows the crypto market moving beyond rumours around a Red Notice warrant for Binance CEO Changpeng Zhao. 

    Bitcoin’s resilience also comes after the market reacted upward on Twitter CEO Elon Musk’s move to replace the platform’s bird symbol with a Shiba Inu dog, a symbol for DOGE – the native token of the original meme crypto Dogecoin. 

    DOGE price shot up more than 30% to above $0.1 for the first time since early December 2022.

    Bitcoin growth outlook: non-zero balance wallets hit 45.4 million

    Bitcoin continues to see huge demand as non-zero balance wallets grow to more than 45 million, according to details shared in the latest Bitfinex Alpha report.

    But even as the benchmark cryptocurrency records a new high for small BTC holders , with this the fastest rate non-zero balance wallets have grown since early 2021, analysts commenting on Bitcoin price in the report suggest investors might have to be a bit cautious in the short term.

    According to on-chain data, non-zero addresses count hit 45.388 million last week as Bitcoin price held above$27k to end the first quarter on a bullish note.

    The jump in non-zero balance wallets marks a positive development for the network and for Bitcoin price, with this metric’s growth suggesting that more investors have recently entered the Bitcoin market. In any case, an increase in non-zero balance holders often points to new demand, particularly from small investors.

    Yet, this positive outlook aside, other on-chain metrics suggest bulls may need to be cautious in the short term. As noted in the Bitfinex Alpha report, the market is in a transition and indecisive.

    “A transition state is characterised by choppy market conditions where the price consolidates in a tight range before trending in either direction. Despite an influx of new market entrants, the sustainability of this phenomena of both rapidly growing non-zero balances and tight range-trading for Bitcoin remains uncertain,” they noted.

    BTC price – key on-chain metrics suggest weakness

    Bitfinex analysts suggest that other metrics indicate Bitcoin price may continue to consolidate around $28 as both bulls and bears remain indecisive.

    Among key on-chain metrics to watch are bitcoin network statistics related to daily active addresses and daily confirmed transactions. 

    For instance, the 7-day moving average of daily active addresses recently dropped to levels last seen in late January. The number of confirmed daily transactions have also declined. 

    In the past two weeks, the Bitcoin network recorded a 7-day average of 293,058 transactions with the figures on 30 March suggesting a 13% decline from data recorded on 8 March. The Bitfinex analysts commented on the two metrics:

    “While this is an inconclusive indicator in terms of bullish or bearish signals, daily activity and transactions decreasing for Bitcoin have always occurred at transitionary phases in the crypto market. They suggest indecision and an unsettling predicament for both bulls and bears.”

    Bitcoin’s correlation with S&P 500 – is it rising again?

    While bulls attempt to strengthen above $28k again, data shows BTC correlation with stocks is increasing after falling significantly in early March, with BTC price outperforming the major US indices over the month and year-to-date at the end of Q1, 2023.

    However, per the Bitfinex report and as CoinJournal analyst Dan Ashmore highlighted last week, Bitcoin is on track to restore its correlation with the S&P 500 and the NASDAQ composite as its price continues to hover between $27k and resistance above $28k. 

    Notably, the Pearson metric shows BTC/NASDAQ correlation is up to 0.61 while correlation with the S&P 500 reads 0.12. 

    Any value above zero indicates a positive correlation and these figures suggest Bitcoin could trade more in lockstep with equity indices amid macroeconomic headwinds.

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  • Dogecoin | Twitter Logo Changed To “DOGE”

    Dogecoin | Twitter Logo Changed To “DOGE”

    The live Dogecoin price today is $0.099691 USD with a 24-hour trading volume of $5,168,974,110 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.

    Twitter logo has been changed to “DOGE”

    Twitter’s iconic bird logo replaced by the internet-famous Doge earlier Yesterday. On April 3, Twitter’s usual logo depicting a blue bird was changed for a Dogecoin logo. This pushed the price of the meme coin way up, adding more than 30% overall.Over the past 24 hours, the biggest crypto exchange by trading volume, Binance, has transferred more than 400 million DOGE among its internal wallets.CoinGecko reports that all Doge-related meme coins are on the rise today.

    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.

    RELATED READING : Dogecoin | DOGE IS THE CURRENT TOP MEMECOIN BY ALTRANK

    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

  • BabyDogeCoin | BABYDOGE Is Now Available on Bybit_Official

    BabyDogeCoin | BABYDOGE Is Now Available on Bybit_Official

    The live BABYDOGECOIN price today is $2.81e-9 USD with a 24-hour trading volume of $19,293,245 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 Is Now Available On Bybit_Official

    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 listing of BABYDOGE on their Spot trading platform!BABYDOGE deposits are already opened and withdrawals will be available from Apr 5, 2023.BabyDogeCoin Has Been Ranked the Top 2 DEX on DappBay Last 30 Days by Total Users.

    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,11,277,327,475,087.11 (~$30,956.26) BABYDOGE tokens have been burned. So far,204,878,861,450,008,288.00 (~48.781%) BABYDOGE tokens have been burned from the total supply of 420,000,000,000,000,000.

    Also 5799+ new holders joined BabyDoge Community in the last 7 days and now the total number of holders of BabyDoge stands at 1,7168,473.

    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 | Huge Amount Of SHIB Moved Between Wallets

    Shiba Inu | Huge Amount Of SHIB Moved Between Wallets

    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.

    Huge Amount Of SHIB Moved Between Wallets

    Over six trillion SHIB tokens worth an estimated $65 million have been moved between whale wallets in three lump sums, according to crypto data tracker WhaleAlert. The first is 1,920,298.469,247 SHIB worth $20,514,548, and the second is 2,247,355,246,569 SHIB valued at $24,008,496. The last is that of 1,920,298.469,247 SHIB worth $20,514,548.

    Furthermore Over the past seven days, the Shiba Inu community succeeded in removing another substantial amount of SHIB from the circulating supply.Over the past seven days, a total of 1,073,775,122 SHIB have been sent to dead wallets.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.

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

    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.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 | 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.

    Twitter : https://twitter.com/bitcoinlfgo

    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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