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What experts have said about Dogecoin (DOGE)

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Dogecoin

If you have been in the crypto space for more than a year, you know that every prediction and comment about cryptocurrencies in general usually has to be taken with pinch of salt. Whether Bitcoin hits the $1 million price mark or whether it crashes down to zero is pretty much anyone’s guess. However, there is one cryptocurrency apart from Bitcoin that has defied all predictions even baffling the expectations of its creators. That coin is Dogecoin (DOGE).

How it all began

Dogecoin was launched in 2013 by Billy Markus and Jack Palmer with the purpose of being a fun coin. Almost right after its launch, Dogecoin took on a life of its own spawning a community of sellers, buyers, miners, merchants, speculators, and beggars all in their thousands.

Currently, Dogecoin is ranked among the top 50 cryptocurrencies on CoinMarketCap with a market capitalization of over $300 million at the time of this publication. Dogecoin was meant to die a natural death after a couple of months of making rounds as the parody coin online. However, DOGE has continued to survive, growing in popularity even after attacks that saw Dogecoin holders lose millions.

So what value does this parody coin represent to the extent of it continuing to gain value even after years of being abandoned by its developers? Well, a couple of industry experts have weighed in on the matter and here is what they have said so far.

What experts have said about Dogecoin

To begin with, one of the reasons that seem to compel most newcomers into buying into altcoins is their low price. Well, at least that is what Lewis Tuff, the chief platform engineer at Revolut believes. According to him, new market investors are pumping money into cryptocurrencies like Dogecoin due to their low price tag in a bid to make gains when the coin get to a higher price mark.

This is not new in the market. In fact, it has a common name which is  “HODL”. Basically, an investor would prefer to hold a whole amount of Dogecoin instead of a fraction of Bitcoin. Currently, Dogecoin is priced at $0.003 and even though most experts like Mr.Tuff will advise against investing on cryptocurrencies based on their low price in the market, most newbie investors will naturally find it easier to HODL as opposed to conducting research and investing based on a platforms technicality.

The CEO of Eidoo (a multicurrency wallet development firm) Thomas Bertani, believes that altcoins such as Dogecoin represent a lack of research among new investors. To back up his claim, Alvara VP, Richard Asquith has also weighed in on Dogecoin in the past saying that it’s a “clear indication of speculation.” According to Asquith, speculators are in search of the next bubble and that is why altcoins such as Dogecoin are attractive only as speculation conduits.

Final word

No matter what the experts say about the parody coin, it’s pretty clear that it’s here to stay. Currently, Dogecoin developers have embarked on developing the platform once again after years of abandonment.  Plus Dogecoin has somewhat regained its popularity as the developers have already updated and released new protocols that allow exchanges and merchants like LazyPyramid accept Dogecoin as payment. For now, however, the future of DOGE is what every Shiba is waiting to see.

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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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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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