Emerald Crypto | March 17, 2021
Dogecoin? That's the cryptocurrency that 'began as a joke' and that has the Shiba Inu as a mascot, right? If you ask someone about Doge they'll probably be able to tell you that much, but can Dogecoin as a digital asset be taken more seriously? Or is this all there really is to it?
Dogecoin is closely related to Bitcoin and Litecoin in that it was created an internet currency. In fact DOGE's lineage can be traced directly back to Bitcoin. Dogecoin was created by modifying Luckycoin's source code. Luckycoin is now defunct but was the result of a Litecoin fork and Litecoin came about through a Bitcoin fork. Dogecoin is also written in the same C++ programming language that Bitcoin is.
In 2014 DOGE's mining process was integrated with Litecoin’s, meaning anyone mining Litecoin could also mine Dogecoin without additional steps.
Dogecoin is a decentralized, open source and peer-to-peer digital currency that is secure and anonymous. The project began as a marketing experiment in 2013 but even the creators have been surprised by the enthusiastic fanbase the digital asset has garnered and the avid internet culture that has grown up around it.
The Doge Meme is a dominant force on the internet and enthusiasts can't seem to get enough. The Meme features a Shiba and has the character's inner monologue written in broken English using the Comic Sans font in various colors.
The multitude of memes and gifs is almost limitless. This 'To the Moon' gif is one of the more popular installments.
But DOGE is more than a parody crypto. It has found a genuine niche as an internet currency that is used in crowdfunding campaigns and for tipping content creators on various social media platforms. DOGE is also a good entry point for those who are new to cryptocurrency because it is perceived as more fun and less threatening than other cryptos - newbies are less likely to run into stuffy investor types in this space.
As of this writing DOGE has a market capitalization of $7.11 Billion, which ranks it 13th among all cryptocurrencies.
It also oesn't hurt that business magnate Elon Musk is a vocal supporter and once jokingly described himself as Dogecoin CEO. Musk is also known to tweet the occasional DOGE Meme.
In the last couple of weeks there have been some positive developments as well. On March 2nd cryptocurrency ATM provider CoinFlip announced that DOGE can now be purchased at 1,800 ATMs throughout the U.S..
On March 4th NBA Franchise The Dallas Mavericks announced they will accept DOGE as part of an agreement with crypto payment provider BitPay. As of March 8th Mavericks owner Mark Cuban (of Shark Tank fame) confirmed more than 20,000 Dogecoin transactions, making the Dallas Mavericks the largest Dogecoin merchant in the world.
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The list of coins I either own or have owned in the last 60 days is getting ridiculous:
ADA, AXU, BAT, BNB, BTC, CAKE, CELO, COMP, DASH, DGB, DOGE, ETH, GRT, GUSD, LINK, LTC, NEO, NMR, NU, PRE, QCP, TRX, USDT, XLM, XTM, ZEC
Uniswap is basically an open source exchange that offers a wide variety of crypto assets. The exchange runs on the Ethereum blockchain and utilizes smart contracts. (A smart contract is a transaction protocol that executes only when certain conditions - that are programmed into the protocol - are met.) But as a decentralized finance (DeFi) project the exchange has no central management or administration.
Kraken describes it this way:
Rather than maintaining a central order book where buyers and sellers can place orders, Uniswap instead uses a collection of liquidity pools.
The platform relies on users to contribute to the liquidity pools and in exchange for doing so users receive a portion of trading fees plus newly minted UNI, which is the native cryptocurrency on the exchange.
Kraken explains again:
Liquidity providers contribute to Uniswap pools by first locking two assets into a smart contract. For example, Uniswap’s DAI/ETH liquidity pool consists of equal values of DAI and ETH deposits. Uniswap uses Ethereum so this means that it does not list tokens that trade on other blockchains.
One of Uniswap's biggest competitors is Pancake Swap, which is a very similar concept running on the Binance Smart Chain. In fact a few weeks ago Pancake actually 'flipped' Uniswap becoming the largest DeFi Exchange (DEX) by volume. (SushiSwap is another top DEX competitor and Aave and Compound are also considered 'blue chip' DeFi Tokens by many.)
Perhaps the biggest obstacle right now for Uniswap is the Ethereum gas fee, which is one of the main reasons why Pancake Swap has gained so much ground.
However on March 23rd Uniswap announced the release of Version 3 (V3). The build up to the release generated excitement, leading to a new all-time high with a price over $35 on March 31st. However at the time of this writing this has dropped back down to the $28 range.
Currently Uniswap is the DEX top dog in terms of Market Capitalization ( just under $14.8B) but according to Coin Gecko Pancake Swap has a slight lead in the 24 hour trading volume category (at the time of this writing):
Pancake Swap $971,039,433
Uniswap offers over 1,800 coins including Uniswap, DAI, 1Inch, BAT, Chainlink, Compound, Ether, Gemeni Dollar, NuCypher, Numeraire, Tether and USDCoin. To get started with Uniswap you need an ERC-20 (Ethereum) supported wallet such as Atomic, Coinbase wallet, MetaMask, Trust etc..
Gas fees are a big cloud hanging over the head of everything Ethereum right now. At some point we are confident this issue will be addressed adequately but the question is how much market share will be gobbled up by competitors in the interim?
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The price of Cardano (ADA) has spiked to a new all-time of $1.96 today after the Cardano Foundation, the non-profit organization behind the cryptocurrency, asked Elon Musk to “get your people to talk to our people.” Cardano x Tesla: An obvious match?https://cryptoslate.com/cardanos-ada-price-surges-as-devs-recommend-it-for-tesla-purchases/
Catch up on the latest crypto market news at The Currency Analytics. Cardano (ADA) Community are eagerly waiting for updates on Cardano ERC-20 Converter, Smart Contracts, P2P, and more, which is set… The post Cardano (ADA) Community Eagerly Waiting for May 27, 2021 appeared first on Cryptocurrency News.https://thecurrencyanalytics.com/blockchain/cardano-ada-community-eagerly-waiting-for-may-27-2021-27486.php
Input Output Global (IOG) CEO Charles Hoskinson gave an update on the rollout of Cardano smart contracts during his latest live stream, a video shows. The post Cardano smart contracts enter critical phase as Hoskinson lays out support for dApp developers appeared first on CryptoSlate.https://cryptoslate.com/cardano-smart-contracts-enter-critical-phase-as-hoskinson-lays-out-support-for-dapp-developers/
TL;DR Breakdown Dogecoin price prediction highlights DOGE's price stabilization around the 100 12-hour Moving Averages. Although Dogecoin appears to be consolidating, the crypto coin is projected to move towards a significant resistance barrier.https://www.cryptopolitan.com/dogecoin-price-prediction-2021-05-26/
After CMC listing of Guider token its price grew up in incredible 100 times!
Open source blockchain platform Waves is lounching Gravity Hub, a blockchain agnostic protocol resolving the interopability issue. It will also operate as a data oracle, feeding data from one outside world of blockchain. Sasha Ivanov, founder of Waves platform announced the new project on dec 11.
Read my latest article why I think XRP will hit $28 during the next hype.
Never-ending debates revolve around the mass adoption of cryptocurrencies. However, one detail is overlooked by some people. The first generation of blockchain was not designed for mass adoption despite the fact that there are attempts to change that. A blockchain for mass adoption must be designed for it from scratch and the third generation can achieve it.
Glad to be Cardano supporter
According to reports, it carries a supply of 100 billion TRX tokens. 65.75 billion tokens are currently in circulation.
The total number of TRX Tron tokens remaining with the foundation that is to be unlocked accounts for 50% of current total traffic.
Expectations are already set extremely high in social media and crypto enthusiasts are updating the real-time scenarios.
Ripple boost the XRP ecosystem during 2019 and also promoted the adoption of the digital asset.
Ripple and XRP fans have been waiting for a price boost in 2019, but thisd failed to happen.
Brad Garlinghouse explained that prices are not the only thing that matters in the crypto industry. He said that use cases and adoption are more important issues than the price of a certain digital asset.
It’s been just revealed that the founder of Quantum economics, Mati Greenspan highlights the reasons for which he believes XRP has been struggling so much during 2019 regarding the price.
The crypto’s correlation to BTC dropped a lot in 2019, and this was also highlighted.
Greenspan said that Ripple is to blame for XRP’s price, he blames the company’s routine sales, and these are reportedly what prevented the price from rising.
He also pointed to the fact that the majority of Ripple’s clients are us9ing the company’s messaging software and not the digital asset XRP.
“The two main issues…
Ripple holding a large portion of tokens and selling into the rallies.
Usage of the network does not necessarily require XRP tokens. Banks can use RippleNet without ever touching the token.”
The online publication the Daily Hodl also reported that in its third-quarter XRP Markets Reports, Ripple said it had stopped selling XRP on crypto exchanges altogether.
“In fact, part way through Q3, we decided to pause programmatic sales altogether, and focus our over-the-counter (OTC) sales on a few strategic partners, who are building XRP utility and liquidity in regions that are strategically important to our growing global business, including EMEA and Asia.”
A few days ago, it's been revealed that Ripple pushes for a rapid expansion in Brazil.
The company is preparing to announce new Bralizian banking partnerships early next year, says a new report from Reuters.