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Dogecoin (DOGE): Dogecoin is Trending Up




While Dogecoin is going to the moon with hitting the latest rises in price, we have stumbled upon an article dating back on January 18th that talks about how Dogecoin can’t make a good long-term investment. Well, jokes on them! The “analyst” behind this article also claims that this coin would never be able to make it as a long-term investment because Dogecoin fans and holders are considering this coin to be a joke. So, let’s see how far this so-called “joke” went during the previous week.

A few Words on Dogecoin

As you all might know, Dogecoin is a cryptocurrency operating as a peer-to-peer value and existing within the blockchain systems. The currency was made to honor a famous internet meme, Doge – a funny Shiba Inu that has taken over the world a while ago. While Doge remains a meme icon, Dogecoin is working on providing all users and holders with fast and cheap decentralized transactions with no involvement with third parties.

All transactions are private and far faster and cheaper than the traditional way of making money transactions. Dogecoin uses the proof-of-work protocol for mining these coins, which means that all miners get awarded after verifying a transaction within a block. After every 600.000 blocks, every miner will get 10.000 DOGE reward for mining. Mining these coins, however, is pretty expensive as it demands lots of electricity.

Dogecoin is Trending Up

In 24 hours, Dogecoin jumped for over 10% against the dollar, which means that Dogecoin is trading at 0.0074$ per one unit as of February 15th. Another jump has been noted in the latest price which conditioned the current trading price per one unit of DOGEcoin, which means that there is a total increase of 12% against the dollar and a bit over 6% against BTC.


With all these rises, it could be easily concluded that DOGE is trending up, which leads to the further conclusion that Dogecoin surely represents more than a joke coin.

Considering the fact that Dogecoin is a coin that hasn’t had a software update in over two years, but has a billion in total market capitalization, imagine how great this coin could potentially become if DOGEcoin developers would start to implement new updates within their system.

However, it is less likely that any of the potential updates will happen soon because there are no announcements being made from the side of the team of developers behind Dogecoin. It also seems that the developers do not need any software updates or adding improvements to the coin, as DOGE is completely relying on their mascot popularity and the faith of their fans, followers, holders and community members.

Crypto Lunar Howl

It seems that Crypto Lunar Howl is set to become a trend in the world of cryptocurrencies. In case you are wondering, Crypto Lunar Howl represents a prediction about jumping prices that should occur on February 16th. Why this date in particular?

Well, in case you didn’t know, February 16th is set as Lunar New Year, commonly celebrated in China. The tradition revolving around Lunar New Year includes giving money gifts wrapped in red or green envelopes, so coin and token investors are set to transfer this tradition to the cryptocurrency market as well.

The prediction states that there will be a major selloff of coins during Lunar New Year and many people will be buying different tokens, among which DOGE coins are said to be a definite favorite of investors involved in this tradition-to-be.

If any coin could be the center of Crypto Lunar Howl, that would most likely be Dogecoin as howling suits the spirit of this coin and its community members that are “howling” every time Dogecoin goes “to the moon”, which is an expression commonly used within the Dogecoin community when DOGE is jumping in price.

If these predictions are true, Dogecoin should have another positive change in price, followed with another raise against the dollar during February 16th on the Lunar New Year.

How well will Dogecoin perform further in 2018?

Although Dogecoin is doing pretty well at the current moment, being ranked as the 36th best coin on the global coin ranking list with the trading price of 0.0074$ per one unit, this coin has still a long way to go until it could be worth a big deal.

Its market capitalization is currently nearly 1 billion dollars worth with almost 40 million dollars being traded only in the last 24 hours.

In case the trading volume would continue at the same pace, DOGE could lose at least one of two zeros in front of “74”, so in the next following months, this coin could be worth around 0.07$ per one unit. Dogecoin is still being traded at under a dollar price, so you can still invest in this cryptocurrency by making a bulk investment.

Hopefully, that investment would pay off greatly in the time to come.

Still, one question remains: given the fact that Dogecoin hasn’t got any implemented changes or any software updates, could this coin continue to grow at the same pace regardless of “passive” nature of this decentralized currency?

There is nothing left but to wait and see. In the meanwhile, we will wait for the Crypto Lunar Howl and see whether Dogecoin would live up to expectations.

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.

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Ripple XRP Mega Breakout: What’s Next?



Ripple XRP mega breakout

The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Litecoin Cash (LCC): The potential mover?



Litecoin Cash

Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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The Stage is Set for Stellar XLM vs XRP




The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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