Altcoins
Dogecoin (DOGE) Price Drops After Weekend Surge
Dogecoin (DOGE) has had an exciting price surge in the previous several days, especially after news of Dogethereum, or DOGE’s plans to become compatible with the ETH network. However, it would seem that the excitement has passed, and DOGE’s price is dropping once more.
Dogecoin price surge surprises the crypto world
Dogecoin has started off years ago as a meme, and a lot of people do not see anything more than that when they look upon it. However, even though the coin may have started out as a joke, it has managed to surprise quite a few investors when its price surged a few days ago.
Dogecoin is often underestimated, but it remains one of the most mineable coins on the market. Additionally, it is often used in transactions, which increases its activity, and the coin is already more active than Litecoin or Bitcoin Cash. Despite this, however, the coin will likely not go anywhere due to the fact that it has an unlimited supply, which means that the mining will never stop. That way, its price can only get lower and lower, as there are more coins in circulation.
A couple of days ago, DOGE’s price suddenly jumped, possibly led by Gate.IO, where an entire third of its volumes are concentrated. The spike has reminded people about DOGE, and many even started talking about the coin getting on Binance.
In the meanwhile, there was also news of Dogethereum, a new DOGE project that will allow the coin to become compatible with ETH’s own network. Dogethereum will basically be a smart contract that allows direct swaps, which is how DOGE might be able to exist on ETH network. As usual, there are skeptics who believe that the project has no future. However, Dogethereum is still expected to launch soon, likely within days.
If it does happen, and DOGE gets to ETH network, it will be a perfect coin for micropayments, rewards, and alike. Currently, DOGE lacks a proprietary wallet, since its own has had a lot of issues lately. The flaw of the project is that there is likely going to be a need for a centralized party that would have to approve the asset switch, new Dogethereum’s issuing, as well as the release of Dogecoins that will be locked.
The excitement is over, as so is Dogecoin price surge
After an entire weekend of going up, DOGE price dropped by an entire 35% yesterday. The coin’s current price is $0.005199, and it still continues to drop at the time of writing. The drop came after the price surged by 70%. Luckily, the drop did not really have much of an effect on the rest of the market. Most of it is currently in the red, but the analysts claim that DOGE is not responsible for this change.
So, what happened to DOGE? Well, it might seem that the initial excitement regarding the Dogethereum simply blew over and that DOGE’s price is simply correcting itself. Many also claim that this is not the last we will hear of this coin and that it might go up once again as soon as Bitcoin makes a significant move. Another possibility is that Dogethereum coming to life will also spark a new wave of interest in the coin. It remains to be seen, and the next few days may be quite interesting for DOGE.
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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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Ever since the cryptocurrency sphere was met with the news of the partnership between Litecoin Foundation, TokenPay, and Verge (XVG), the idea of them coming together has been among the most controversial news to ever surface in the cryptocurrency world.
The collaboration managed to even draw the attention of one of the most renowned crypto-influencer and bitcoin campaigner, Tone Vays. In his usual style, Tone took to Twitter handle on hearing the news, tweeting and expressing his disapproval while criticizing the creators of the three cryptocurrencies for allowing such a move to occur.
In retaliation to the attacks from Tone, Charlie Lee, the MD, and founder of Litecoin (LTC) posted his clarification on Reddit on the 17th July in regards to the partnership. Litecoin’s CEO started by explaining the dissimilarities between Litecoin as a currency and Litecoin as a company.
In his remarks, he said that Litecoin as a blockchain and crypto network is a decentralized network, whereas Litecoin Foundation as a company is a centralized non-profit institution whose goal is to ensure Litecoin (LTC) is developed, adopted, and used. Charlie also mentioned that Litecoin’s cryptocurrency and blockchain technologies did not require his direct services at the moment hence his concentration on Litecoin Foundation.
Charlie Lee made his remarks known saying:
“If Litecoin Foundation (LF) is exposed to not doing a good job, nothing should prevent another organisation to step in and do a better job. This is…
WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
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Since the crypto craze began, there have been hundreds of altcoins that have emerged and attempted to take over the world of crypto with their advanced and innovative ideas. While these days there are well over 2,000 individual coins, there have been many more to emerge and disappear, all within the last 10 years.
Clearly, having an idea and launching the coin itself is not enough. While it is by no means easy to do so, there are additional measures and rules that you, as an altcoin creator, need to consider if you want your coin to remain relevant. Clearly, not every idea can succeed, and after 10 years, it is quite difficult to present something new. However, cryptos are still a new technology, which is why there are still many unexplored possibilities that may allow you to reach success.
Secrets to altcoin success
1. Capturing the attention
As mentioned earlier, there is not a lot of things that are simple when it comes to creating altcoins. However, while your plan and idea make sense to you, no matter how complex they end up being, this will not be the case with potential investors. Many of them might give up on getting involved if they do not understand what the coin is all about, or if the road ahead seems too complicated and unclear.
This is why having an idea is not enough. What you need to…
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