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How Will Dogecoin (DOGE) Perform In 2018?
There is a lot to be learned from the cryptocurrency market just by the performance that has been demonstrated especially by the major players. One of those things is that anything is possible and one of the digital coins that demonstrate this is Dogecoin (DOGE).
A lot about this currency just spells out humor, such as its name for starters and the fact that its logo is a funny-looking dog that looks like it was derived from a meme. It has even earned itself the nickname ‘joke currency. Just a clarification, the dog on the logo is a Japanese breed called Shiba Inu and the digital currency was indeed created with an aspect of humor. However, it is a legitimate cryptocurrency and it has also played a very important role in helping many people to understand the dynamics and technicalities of cryptocurrencies.
The coin was created in December 2013 and it currently occupies the 35th position in the list of cryptocurrencies based on market cap. Its price has recently been surging and it hit a new all-time high on December 21 after reaching $0.008768. Its price had however gone down to $0.007509 at the time of this press.
It is currently not clear why there was such a noteworthy surge in the price of the currency especially over the past one week but that is most likely due to the overall effect of the cryptocurrency market which has seen most of the digital currencies gaining momentum.
Despite its recent gains, Dogecoin cannot currently be categorized as one of the best performers of 2017. It currently has a market cap of $844 million and its price movement so far remains miles away from $1. Dogecoin was created by Jackson Palmer to make fun of hyped up cryptocurrency market in 2013. He created it as an inflationary digital currency, unlike bitcoin which is deflationary. Palmer also believes that the cryptocurrency market will crash soon.
Despite its unusual reason for being created, Dogecoin seems to have gained some traction and it is well known in the cryptocurrency community. Those who become active members of its forum on Reddit are awarded free Dogecoins. The coin has also had its fair share of downsides such as being robbed by a hacker.
The fact that the digital currency does not have much going for it at the moment speaks a lot about its potential future which is currently not that bright which raises a lot of curiosity about its performance in 2018. However, this gloomy cloud might have a silver lining only if there are willing buyers and sellers transacting through Dogecoin. This is the only way that the altcoin can remain in the cryptocurrency market. 2018 is around the corner and observers and traders are watching to see how Dogecoin and the entire digital currency market will behave.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of Global Coin Report Archives/Flickr
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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