The crypto analyst has noted that the number of Dogecoin (DOGE) and the Shiba Inu investors buying Bitgert and Centcex is still growing bigger every day.
Tag: Dogecoin
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Dogecoin (DOGE) and Shiba Inu (SHIB) Go Parabolic on News of Elon Musk’s Twitter Purchase. Floki (FLOKI) Is Another Crypto to Pay Attention To
Twitter stock (TWTR) rallied a little after Bloomberg report of Elon Musk closing his Twitter deal. The biggest beneficiaries of that news, however, have been Dogecoin (DOGE) and Shiba Inu (SHIB). -
Crypto Price Today Live: Bitcoin nears $21K; Shiba Inu & Dogecoin rally up to 15%
New Delhi: Crypto market continued to gain on Thursday despite muted earnings from the tech sector. Bitcoin marched towards $21,000 levels, whereas the total market cap of crypto space topped the $1 trillion mark again.
Most major altcoins were in the green, with a stellar buying interest in the popular meme coins. All eyes were set on the US Fed’s monetary policy meeting, scheduled next week.Barring the polygon and the US dollar-pegged Tether, all other top crypto tokens were trading higher. Dogecoin zoomed 15
%, Shiba Inu was up by over 6% and Ethereum jumped 4%The global cryptocurrency market cap hit the $1 trillion mark, after rising up to 3% in the last 24 hours. However, the total trading volume jumped as much as 13% to $102.4 billion.
Expert take
Extending the Buoyancy, the global market cap touched $1 trillion after almost a month. The top two cryptos – Bitcoin and Ethereum- also saw some renewed interest, said Prashant Kumar, CEO and Founder, weTrade.
“Positive momentum around the appointment of UK prime minister Rishi Sunak, global markets along with a hope of a reduced interest rate hike in the US Federal Reserve market next week all played a role,” he added.Tech View by Giottus Crypto Platform
Ethereum (ETH) has turned bullish on the lower time frames. Much of this move can be attributed to the broader market sentiment turning positive after Bitcoin broke through a year-long resistance. ETH has taken this opportunity to rise more than 30% from its recent bottom.
ETH still needs more confirmations on the higher time frame charts to establish an uptrend. While it has been trading well above its 50-day moving average of $1,380, it will need to clear resistance at $1,700 (its .618 fibonacci retracement between August and now) to continue moving up. Slightly above this at $1,800, it will be able to register a higher high and signal a clear market structure change. Those looking to open long positions may want to therefore adopt a wait and watch approach.
ETMarkets.comFor those with a bullish bias looking to enter, support at $1,500 and $1,440 can offer good opportunities to engage in some buys on dips, the experts suggested. With its daily RSI hitting 70, a minor correction can be reasonably expected in the coming days, or at the very least – some sideways consolidation, they added.
Global Updates
Google reported its softest advertising growth in nine years, with company management taking note of softer crypto ad spending as contributing to the weak numbers.The decentralized autonomous organization (DAO) behind crypto exchange SushiSwap has approved a legal structuring by an overwhelming majority.
The flagship crypto fund for venture-capital firm Andreessen Horowitz’s, which is also known as a16z, has cratered by more than 40 per cent in the first half of this year, the Wall Street Journal reported, citing people familiar with the matter.
The UK National Police Chiefs’ Council (NPCC) has stationed crypto tactical advisers in police departments nationwide to help investigate and seize digital assets tied to crime.
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Will BudBlockz (BLUNT) Be Another Dogecoin Killer Like Shiba Inu?
Although the crypto sector has suffered a bear market this year, experts predict that fortunes will soon change. The crypto industry is fast-growing, and numerous cryptocurrencies are available, but only a few have real-world uses or some form of utility.In recent weeks, BudBlockz (BLUNT) has emerged as a popular token among investors promising to solve the stagnation experienced in the cryptocurrency sector. BudBlockz (BLUNT) has been lauded as having the potential to be another Dogecoin (DOGE) killer like Shiba Inu (SHIB). Dogecoin is the pioneering meme coin that debuted in 2013, and several meme coins have come to the market since then, but they weren’t as successful as Dogecoin. Shiba Inu (SHIB) rose dramatically and toppled DOGE, and now BudBlockz aims to replicate the feat.Shiba Inu (SHIB), the Dogecoin “Killer”
Shiba Inu was created in 2020, and it took the world by storm, with millions investing in the coin. The token even got an endorsement from Elon Musk, who promoted it on Twitter, drawing significant interest to the coin. As a result, the massive interest caused a surge in the value of Shiba Inu, leading to it surpassing Dogecoin. The reason why Shiba Inu is much popular is that its developers are not relying on social media hype only. They are also developing other features and foraying into the metaverse to make the token have real-world utility.
BudBlockz (BLUNT) is Revolutionizing the Cannabis Sector
BudBlockz (BLUNT) promises to have the same impact that Shiba Inu has had with its utility in the cannabis sector. The blockchain is designed to create a community ecosystem for cannabis enthusiasts, and since it is built in Ethereum, it allows the use of DEX and DeFi products. The project will offer cannabis enthusiasts a platform to buy and sell digital and physical assets. Essentially, BudBlockz will permit NFT fractional ownership, e-commerce opportunities, and cannabis farm ownership. Also, it is vital to note that the blockchain will not be limited to supporting the cannabis sector only, it will facilitate P2P purchasing too since it uses blockchain technology. BudBlock (BLUNT) will outdo Dogecoin because it supports various innovative ideas via a decentralized NFT marketplace, digital trading, and commerce instead of depending on social media hype. As a result, these features and fractional ownership might support sectors such as NFT collectibles and online selling beyond cannabis products. Interestingly, BudBlockz offers a more decentralized and inclusive governance approach promoting a community feeling. The platform allows BLUNT holders and users to submit proposals, participate in discussions, vote, and have a say in ecosystem development. The token sold out ahead of schedule during its private sale, highlighting its popularity, and currently, the presale is ongoing. BudBlockz is showing massive potential to be the next Shiba Inu, and it presents an excellent opportunity for investors to invest in the fast-growing crypto and cannabis sectors. Learn more about BudBlockz (BLUNT) at the links below: Official Website: https://budblockz.io/ Presale Registration:: https://app.budblockz.io/sign-up Telegram Group: https://t.me/BudBlockz Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz
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Dogecoin and Shiba Inu Price Prediction: 50% Bull Rally on The Horizon
The Shiba Inu (SHIB) price has broken out from a descending wedge pattern and is moving towards the top of its range high. -
Shiba Inu and Dogecoin (DOGE) Price Surge May Not Last Long- Experts Say
Crypto experts are cautioning that the current Shiba Inu and Dogecoin (DOGE) price surge might not last long as many investors anticipated. -
Dogs vs Cats: Will Big Eyes Coin Outcast The Dominance Of Dogecoin and Shiba Inu?
Meme coins have bee profitable for the investors but it is to be seen if Big eyes coin will overtake Shiba Inu and Dogecoin at the crypto market. -
Dogecoin and Shiba Inu face Strong Competition from New and Revolutionary Crypto Big Eyes Coin
Since its debut, one of the most eye-catching elements of the blockchain economy has been the abundance of investment options it gives users. More than 100 million people use crypto daily, and the number of people who invest in the sector is growing. There are already over 18,000 currencies available on the cryptocurrency market, giving users a wide variety of blockchain options. Big Eyes Coin (BIG), a relatively new cryptocurrency, is making waves in the market as a ground breaking project focusing on advancing the DeFi industry and safeguarding the marine habitat. As such, the BIG token is the primary means of exchange in the cryptocurrency markets. Meanwhile, Dogecoin (DOGE) and Shiba Inu (SHIB) are steadily but unquestionably dominating the -
Why Dogecoin Rival Shiba Inu Is Rising – SHIBA INU (SHIB/USD)
Shiba Inu SHIB/USD is trading higher by some 3.65% to $0.00001037 during Tuesday’s trading session. Shares of several altcoins are trading higher in sympathy with apex cryptocurrency Bitcoin BTC/USD and second-largest market cap crypto Ethereum ETH/USD and U.S. equities. Major indices are higher as investors react to quarterly earnings reports from U.S. companies and assess the possibility of future Federal Reserve policy changes.
What Happened?
New economic statistics show a drop in consumer confidence in the United States, indicating that purchasers may reduce spending amid recessionary worries and aggressive interest rate increases.
The world’s largest digital currency by market capitalization Bitcoin BTC/USD crossed the psychologically important level of $20,000 Tuesday after concluding its longest stretch below that level since the token first crossed it in late 2020.
Bitcoin was trading up by around 4% to $20,185 on Tuesday.
For over three weeks, the token has traded below $20,000, deviating from the coin’s usual volatility…Read More
See Also: Bitcoin Crosses $20K Mark, Ending 3-Week Slump — Will The Crypto Target $25K Next?
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This Is why Shiba Inu and Dogecoin (DOGE) Investors Should Stay Alert This week
The Shiba Inu (SHIB) and Dogecoin (DOGE) investors need to pay a lot of attention to the Bitgert (BRISE) and Centcex (CENX) coins.