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Dogecoin (DOGE) achievements you did not know

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Dogecoin
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For a long time, Dogecoin has been the go-to cryptocurrency for those who simply wanted to hold on to it for the laughs. Known for the Shibe meme that saw the popularity of DOGE skyrocket to new heights, Dogecoin currently has a market capitalization that is slightly above the $500 million mark. If you think that is a high net worth for the meme coin, then you will be surprised to hear that the parody cryptocurrency hit an all-time high market capitalization of close the $2 billion mark just a few months ago. However, there is more to the Dogecoin than meets the eye.  Here are a couple of Dogecoin accomplishments that you probably knew nothing about.

Dogecoin has the strong backing of an online community

With over 150,000 active Reddit members on the Dogecoin subreddit, Dogecoin boasts of one of the strongest community of crypto enthusiasts. A popular aspect of the Dogecoin community is their use of the Doge meme dialect. The dialect works by shortening phrases into singular words such as Many, Wow, So, Much and so forth. A good example would be a sentence such as “the coin is getting a lot of adoption” being turned to “much adoption.”

This communal sense of comradery and inclusion through the use of a common dialect is perhaps one of the biggest contributors to the unexpected success that Dogecoin has received. By keeping the dialect alive, the Dogecoin community has remained involved even after the coin was abandoned by its developers for a while.

Other achievements by the Dogecoin community

Apart from coming up with a dialect that has helped spur the coin to greater heights, the Dogecoin community has been one of the most progressive communities in the crypto space given that they were able to self-organize and help out fellow members who have lost over $1 million worth of DOGE in a hacking incident back in 2013 December.

In addition, the community has also started a number of initiatives that include:

  • Sponsoring a Jamaican bobsled team: In 2014’s winter Olympics, the Dogecoin Reddit community was able to contribute up to $30,000 worth of Doge coins for the team to make it to the Olympics
  • Dogecoin for Water: Another worthy achievement from the Dogecoin foundation is the $31,996 water campaign that saw the Dogecoin community enable clean water to the Kariong community in Kenya back in 2014.
  • DogeForMalaria campaign: This one happened only 3 months ago when the Dogecoin community was able to fund an organization that provides mosquito nets to children.

With these and many other achievements by the Dogecoin community, there is no doubt that the parody coin is here to stay. In fact, the dogecoin core development team has been working on a white paper not to mention new updates on the source code which is “Much Development”.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

HODLing Stellar Is A Good Plan For 2019

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HODLing
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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Altcoins

Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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Bitcoin ETF
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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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