Why is Dogecoin going up? Coinbase listing and Musk's tweet pump up DOGE - cyptoranking.com

2024-04-20

Popular crypto exchanges(2023 Update) 2024-04-20
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Investments into this asset have constituted $24 million, with Weiss Crypto, "continuing to assert itself as the #altcoin of choice among institutions," the X post says. The data indicates that 64% of the trading volume in these futures instruments comes from ETFs that provide exposure to Bitcoin (BTC) and Ether futures. VanEck's products are listed on the Chicago Board Options Exchange (CBOE), while Proshares and Bitwise have chosen the New York Stock Exchange for their listings.Despite the initial disappointment, Ethereum enthusiasts are pleased with the ETFs as they have created a fully regulated investment vehicle for institutional investors who previously lacked access to cryptocurrency markets.UBS picks the Ethereum network for its tokenization projectOn Oct. 2, Swiss bank UBS announced the launch of a live pilot for tokenized real-world assets (RWA) on the Ethereum blockchain. This initiative, led by Singapore's central bank, involves UBS Asset Management issuing tokens representing shares of a money market fund.This event further validates investor confidence in the Ethereum network's smart contract processing capabilities and security, which has contributed to the positive momentum in Ether's price. The growing use cases for Ethereum justify a higher valuation for its native token, as it is essential for conducting transactions on the network.Grayscale requests conversion of its Ethereum Trust (ETHE)Crypto asset manager Grayscale has submitted an application to the U.S. Securities and Exchange Commission (SEC) seeking approval to transform its Ethereum Trust into a spot Ethereum ETF. Grayscale's Ethereum Trust (ETHE) was initially launched in March 2019 and currently boasts a net asset value of $4.9 billion, equivalent to 2,981,563 ETH held within its structure.Investment trusts, such as ETHE, are legally organized as companies and are categorized as "closed-end funds." Consequently, the availability of shares is restricted, with their price largely determined by supply and demand dynamics. As a result, the creation of ETHE shares is not easily achievable, and there is no active redemption program in place. This situation often leads to significant price disparities compared to the underlying value represented by the ETH fractions held by the trust.Short liquidations push Ether’s price to $1,755Ethereum's price increase on Oct. 1 coincided with short liquidations totaling $23 million in Ether futures contracts, while only $2.4 million worth of long positions were liquidated during the same 12-hour period.ETH total 12-hour liquidation chart, USD. Source: CoinGlassShort sellers were forced to close their positions by purchasing futures contracts at any price, leading to a momentary spike to $1,755 on Oct. 1, marking the highest level in 45 days.It's important to note that the subsequent correction to $1,680 on Oct. 2 triggered the liquidation of $10.8 million worth of long positions, contributing to the market volatility.Ultimately, Ethereum bulls have reasons to feel more optimistic, as a new avenue for investment through traditional stock market brokers has emerged, along with the increasing potential for real-world asset tokenization on the Ethereum blockchain.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Why is Dogecoin going up? Coinbase listing and Musk's tweet pump up DOGESome regulated entities are able to authorize promotions on behalf of other crypto companies. For instance, Archax is supporting crypto exchanges Coinbase and OKX on their communications to people based in the UK. “Have a meaningful impact on the future of Polkadot.”

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Beyond growth in mining power, Thiel also cited decreased curtailment as a reason why production has improved to 1,242 bitcoin last month — a 16% jump from August. You’ll need to link your bank account once you’ve joined a crypto exchange. Debit cards, wire transfers, and P2P trading are the most common methods of bank funding for most crypto exchanges. Wire transfer is often the most cost-effective method of depositing funds into your trading account. What is Dogecoin? Should you buy it now?Solana, named after a southern Californian coastal city, is an open infrastructure made to support the building of scalable apps. Solana was founded in 2017 by Solana Labs Team. This team was headed by Anatoly Yakovenk, a computer engineer. Intriguingly, Solana mimics the characteristic of Ethereum and was intended to address the problems that were found in Ethereum. Moreover, with its advancements, Solana promises to process transactions faster at a lower cost. Unlike other blockchain platforms that require learning a new programming language like Solidity, Rust, or Move; Neo allows us to work with more familiar languages. This made it easier for our development team, who had no prior experience with smart contract development, to get up to speed. Impressively, we were able to learn and deploy three contracts within just two weeks.

Trial Date Set: With the appeal denied, the focus now shifts to the pivotal trial scheduled for April 23, 2024. The outcome of this trial holds immense importance not just for Ripple but for the broader cryptocurrency sector and future regulatory developments in the United States. Bitcoin's market dominance is approaching a multi-year high, rising to 51.2% on Tuesday and closing in on the two year high of 52% reached at the end of June, according to TradingView data. How to Buy Ethereum With PayPal-Beginner's GuideChainalysis’ latest figures from its Global Crypto Adoption Index show Brazil, Mexico and Argentina rank within the top 20 countries globally, besting the likes of Japan and Bangladesh.Friend.tech copycats eager to capitalize on social finance craze The Bitfinex Alpha report shared with BeInCrypto suggests that there will be “heightened levels of volatility” in Bitcoin’s price action. The screenshot below shows that the daily historical volatility remains above the 200-day exponential moving average (EMA).

According to Bloomberg, VCs invested only $1.9 billion in crypto firms throughout the third quarter of 2023. That being said, the crypto funding is down 63% in Q3 2023 compared to Q3 2022. How Will Wiping US Student Debt Impact the Crypto Market? 10 Best Crypto Exchanges in 2023|CoinJournalCryptocurrency analyst, Benjamin Cowen, shared in one of his latest YouTube videos that he has not been impressed by Ethereum’s (ETH) performance this year. In his analysis, Cowen placed particular emphasis on the ETH / Bitcoin (BTC) valuation, as well as the effects that the Merge could have on ETH’s future performance. The leading meme coin, DOGE, was the 3rd biggest loser in the cryptocurrency market during the past 24-hour cycle. At press time, CoinMarketCap data indicated that the altcoin’s price stood at $0.05913. This was after DOGE saw its value drop by 2.58% during the past trading day.

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