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What is All the Hype about Dogecoin (DOGE)?

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DOGE
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The history of Dogecoin is an interesting one; although conceived as a joke, Dogecoin had made its way into the trading communities to become an internet sensation. When Billy Markus first developed Dogecoin in Portland, Oregon, he had no idea it would evolve to become one of the most sought-after coins in the market. As evident from its appellation, Dogecoin was named after the popular “doge” meme of Shiba Inu. With thousands of users posting memes about Dogecoin, it’s not hard to guess why its value has surged so high.

Should You Invest in Dogecoin?

Today, Dogecoin ranks among the top currencies of its kind, and the internet hype has a huge role to play in it. This altcoin was developed to cater to much broader demographic than Bitcoin. It was believed that its fun feel will protect it from controversies of Bitcoin.  As of 14 March 2018, the market cap of Dogecoin stands at 442,260,525 USD. Featuring among the popular altcoins, DOGE is traded on several online exchanges which offer DOGE/LTC, DOGE/BTC, and other trading pairs.

If you are new to cryptocurrency, you should definitely try your luck with DOGE, as it can help you gravitate towards the broader crypto space. Trading with Dogecoin is fairly simple. To begin with, you should get a wallet from Dogecoin.com, a decentralized open-sourced blockchain that allows users to send funds to anyone with a Dogecoin wallet.

Dogecoin, the Trump Card for the Underdogs

When Dogecoin was first introduced, its use was restricted to only a few internet geeks. The recent rise in the value of Dogecoin has prompted many traders to trade it on various exchanges. However, in the sporting circles, it has attracted some unorthodox sponsorship. For instance, in 2014 the Dogecoin Community donated a sum of $55,000 to the US stock car racing, joining hands with Nascar driver Josh Wise.

Discernibly, sporting underdogs have done an excellent job out of Dogecoin, taking it to the zenith of success. Following the news of the US stock car beneficiary, another important event changed the course of Dogecoin when the Dogecoin backers raised $25,000 to drive the Jamaican bobsleigh team to the winter Olympics.

Although the sporting underdogs have done a splendid job out of Dogecoin, it is not clear whether the same can be said about the investors. Dogecoin, which has attracted many investors in the recent time, is mined in the same manner as Bitcoins, using computer processing power. While there is no upper limit on the number of Bitcoins that can be created, such limits are not applicable in Dogecoin, as over 100 billion Dogecoins are in circulation.

The Future of Dogecoin

The parody coin, which was named after the Japanese dog Shiba Inu, has attracted many critics in the past. But it has broken off the leash; much to the critics’ dismay, it has reached a market cap of $1 billion. Although it was invisible for most of the time in the past years, over the last couple of months its price has moved up exponentially. In fact, according to the latest survey, the price has gone up by more than 400 percent, an all-time high which has created quite a bustle among the trading enthusiasts. Based on the analysis pitched by coinmarketcap.com, this year’s crypto momentum is likely to favor the altcoins like DOGE. If the analysts are to be believed, the price will skyrocket further in the coming months. So, if you are a big fan of altcoins, and looking to invest in DOGE, this is probably the best time to buy your assets. After all, this is “The year of the Dog” in the Chinese calendar!

We will be updating our subscribers as soon as we know more. For the latest on DOGE, sign up below!

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.

Image courtesy of AUDE VILLOT via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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