• Dogecoin’s price has risen by 13% in the past week and 6% in the last 24 hours.
• Its indicators are currently in a position for a rally and its 30-day moving average is below its 200-day average.
• This rise comes as the cryptocurrency market as a whole increased by 4%, with investor sentiment likely buoyed by measures taken to stabilize the financial situation of First Republic Bank.
Dogecoin Price on The Rise
Dogecoin’s price has seen remarkable gains over the past week, rising 13% from $0.067620 to $0.075820 today. Additionally, it has appreciated by 7.5% since the start of 2021 and experienced a 6% increase in the last 24 hours as investors continue to show confidence in cryptocurrencies despite recent news of vulnerabilities in its code base.
Positive Market Sentiment
The current surge in Dogecoin’s price comes amidst an overall positive trend for cryptocurrencies, with the market increasing 4% in just one day due to measures taken to stabilize First Republic Bank. This is a sign that investors are more willing than ever to invest their money into digital assets, thereby creating an ideal environment for DOGE to continue its upward trajectory.
Indicators Pointing Upwards
DOGE’s indicators are also pointing towards further growth potential, with its relative strength index (RSI) bouncing from nearly 20 (oversold) a few days ago to nearly 50 and continuing on an upwards trajectory. Furthermore, its 30-day moving average (red) has dropped below its 200-day average (blue), which could signal another surge above this longer term line soon enough.
Despite all this positive news however, researchers at cybersecurity firm Halborn recently discovered a zero-day vulnerability impacting 280+ networks including Dogecoin, Litecoin and Zcash – potentially putting over $25 billion worth of digital assets at risk and causing some temporary losses for DOGE midweek before it recovered today . Fortunately though developers had already patched this issue prior to Halborn disclosing it publicly on Monday March 13th , therefore minimizing any long lasting damage caused by malicious actors exploiting these weaknesses .
The Possibility Of Twitter Integration
Another factor that could be driving up prices is speculation surrounding possible future integration with Twitter payments , which could make Dogecoin even more accessible than it already is . In addition , supporters remain hopeful that such integration will eventually take place , thus making 2023 another very positive year for DOGE holders once again .
• Shiba Inu (SHIB) has dropped by 9% in the past 24 hours, with today’s losses reducing its gains for the year-to-date to 10%.
• SHIB has become one of the most-traded coins in the past 24 hours, with CoinGecko putting it 14th among „top purchased tokens“.
• With the launch of layer-two network Shibarium imminent and SHIB still being widely held by whales, there are plenty of reasons to be optimistic about its future.
SHIB Price Drop
Shiba Inu (SHIB) has dropped by 9% in the past 24 hours, with today’s losses reducing its gains for the year-to-date to 10%. At $0.0000099, SHIB is also down by 17% in a week and by 30% in the last 30 days.
Popularity Among Traders
SHIB has become one of the most-traded coins in the past 24 hours, with CoinGecko putting it 14th among „top purchased tokens“ today. The meme token also remains the most widely held cryptocurrency among whales (apart from ETH, USDC and USDT), indicating that it still remains a favorite with big investors.
Optimism About Future
With the launch of layer-two network Shibarium imminent and SHIB still being widely held by whales, there are plenty of reasons to be optimistic about its future. Its relative strength index (purple) has just dropped below 30, while its price has dropped below its 30-day (red) and 200-day (blue) moving averages, indicating that it’s now being oversold. As such, SHIB is arguably selling at a big discount and should rise again in the not-too-distant future.
Silvergate Bank’s Liquidation
The price of Shiba Inu was brought down by news of Silvergate Bank’s liquidation as well as a more hawkish stance from Federal Reserve concerning further rate hikes. Despite this negative news impacting prices short term, there is still hope for recovery long term due to positive indicators such as top ERC20 holdings amongst whale investors and SHIB remaining 13th on “top purchased tokens” list.
Launch of Layer Two Network Shibarium
The launch of layer two network Shibarium is imminent which will enable faster and cheaper transactions for Shiba Inu ecosystem potentially pushing it further in long run . Alongside this , bigger investors continue to have faith in longer term future of Shiba Inu giving hope for recovery soon.
• Michael Saylor, the CEO of MicroStrategy, has had his appeal against tax evasion charges rejected by Judge Yvonne Williams.
• The District of Columbia brought a case against Saylor for allegedly avoiding taxes in D.C. and living a playboy lifestyle in the city between 2005 and 2021.
• Despite having half of the case dismissed, D.C. Attorney General Brian L. Schwalb is still pursuing part of the claim relating to $25m in unpaid taxes with interest and penalties included.
Michael Saylor’s Tax Evasion Charges Rejected by Judge
Former MicroStrategy CEO Michael Saylor has had his appeal against tax evasion charges rejected by Judge Yvonne Williams in April 2021. The District of Columbia (D.C) brought a case against him for allegedly avoiding taxes while residing in Florida between 2005 and 2021 and living a playboy lifestyle in the city during that time period.
DC False Claims Act Used Against Michael Saylor
The District of Columbia has a relatively new law called False Claims Act, which allows citizens to file lawsuits against alleged tax dodgers and enables whistle-blowers to keep a portion of any proceeds recovered from these cases. In this particular lawsuit, it was alleged that Saylor bought up three prestigious Georgetown penthouses that were combined into one luxury apartment as well as multiple yachts he kept in the city while claiming to have his personal home in Florida instead.
Michael Saylor Denies Allegations
Saylor denied all allegations made about him categorically and insisted that Florida is „the center“ of both his personal life and family life.“ Despite this though, DC Superior Court Judge Yvonne Williams dismissed more than half the case but did approve part of the claim relating to $25 million unpaid taxes with interest and penalties included making it potentially worth $150 million – with 25% going to any whistle-blower involved if successful – according to D.C Attorney General Brian L Schwalb who implied that an appeal might be considered on this ruling soon enough too..
The whistle-blowers‘ disclosure made about Saylor’s activities allowed for the False Claims Act to be used against him as they revealed evidence regarding his residency status within D.C., which then gave prosecutors grounds to bring forward this case based on their allegations alone despite any opposing views or claims from Saylor himself such as whether he lived mainly in Florida or not at all during those years specified above..
It remains unclear what will happen next with regards to Michael Saoylor’s court battle over this issue but it seems likely that regardless of whether or not an appeal is filed by the District Of Columbia, it will be some time before any definitive conclusion can be reached here either way leaving many people wondering what will happen next when it comes down to who wins out ultimately over these accusations about dodging taxes being thrown around currently still today today still yet too now today even still now even still yet too now also even also yet too .
• The Chainlink price has risen by 43% since the start of the year, and some analysts are predicting it will reach $10 in the near future.
• LINK’s chart is currently showing a ‚golden cross‘ that could indicate a breakout rally, while its relative strength index suggests increasing buying pressure.
• Supporters and community members believe that LINK is about to ‘explode’, although it is unclear what this could mean for its price.
Chainlink Price Update
The Chainlink price has dipped by 0.5% in the past 24 hours, falling to $8 as the cryptocurrency market declines by 1.5%. However, it has still increased by 12.5% in the past week and by 20% in the last 30 days, up by 43% since the start of the year.
LINK’s chart is currently in an encouraging position, with indications that it may be about to rally. Its 30-day moving average (red) has crossed over its 200-day average (blue), forming a ‚golden cross‘ which can suggest a breakout rally. Additionally, its relative strength index has risen from just under 50 to over 60, suggesting growing buying pressure that could continue gaining momentum for some time before being played out. If LINK can break through its resistance level of $8 then it may rise even further while consolidating at new levels.
Several experts have been forecasting that LINK will reach $10 in the coming weeks due to price momentum and increasing usage of Chainlink services. There is also speculation that its partnership with SWIFT could connect Chainlink’s decentralized oracle network with ten thousand banks – potentially leading to massive gains for LINK holders in the long run.
Members of the crypto community are convinced that LINK is on course for explosive growth – though no one knows precisely how much this could translate into terms of price appreciation yet.
Overall, there are several positive indicators suggesting that Chainlink could soon experience significant gains – whether these come from partnerships or organic growth remains to be seen however!
• The SEC has recently charged Terraform Labs and CEO Do Kwon with fraud involving a multi-billion dollar crypto asset securities scheme.
• In response, the Terra Luna Classic price has dropped 4.5% today and is down 4% in the last 30 days.
• Despite the bad news, LUNC remains up 4.5% in the past week and plans are in motion to re-peg sister stablecoin USTC.
SEC Charges Terraform Labs & Do Kwon
The U.S Securities and Exchange Commission (SEC) has recently charged Singapore-based Terraform Labs PTE Ltd and its CEO Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto assets securities.
Terra Luna Classic Price Falls
In response to the news, the Terra Luna Classic price has fallen to $0.00016791, with its 4.5% drop today following the news that the SEC is charging Terraform Labs and Do Kwon for fraud. Although LUNC remains up by 4.5% in the past week, it is still down by 4% in the last 30 days amid a turbulent time for the market as a whole.
LUNC Not Directly Affected By Fraud Charges
Despite all of this bad news surrounding Terraform Labs, LUNC isn’t directly affected by these charges given that it is now community driven. With plans currently being put into motion to re-peg sister stablecoin USTC, there could be brighter prospects ahead for LUNC than LUNA Token which was launched by Terraform Labs as part of their revamped network called ‘Terra 2.0’
Indicators Show Negative Response To News
The indicators for LUNC have responded negatively to yesterday’s news with its relative strength index (purple) dropping from 70 a few days ago to just under 40 today indicating above-average selling pressure while its 30 day average (red) seems to have stalled after looking like it might be climbing back towards its 200 day average (blue). This indicates that further falls may occur before it eventually bottoms out meaning that key short term support level at $0.000165 should be watched closely for any potential drops below this point due to negative publicity surrounding Terraform Labs & Do Kwon’s case against them filed by SEC
Possible Penalties For Fraudulent Activity
Although no penalty or punishment has been specified yet by SEC regarding this case against Terraform Labs & Do Kwon but they have been quite clear on their stance on how they view such activities when they state “As alleged in our complaint,the Terraform ecosystem was neither decentralized nor finance – It was simply a fraud propped up by so called algorithmic ’stablecoin‘ – The price of which was controlled by defendants not any code”
• Former head of the Hong Kong central bank Norman Chan believes that crypto will not destroy traditional finance.
• He claims that cryptos like bitcoin cannot become „currencies“ because they lack intrinsic value and volatility.
• Additionally, he suggests that stablecoins have great potential, but non-fungible tokens (NFTs) are better for investors making art, wine, or antique purchases.
Crypto Cannot Destroy Traditional Finance: Ex-Hong Kong Central Bank Chief
The former head of the Hong Kong central bank, Norman Chan, has stated that crypto will not destroy traditional finance due to its high level of volatility. He argues that cryptoassets such as Bitcoin (BTC) can never become “currencies” as they have no intrinsic value and their prices fluctuate too much.
Stablecoins Unlikely to Replace Traditional Finance
Chan suggested that stablecoins could reduce transaction costs and improve efficiency; however, he also warned that their adoption could affect the efficacy of fiat-based monetary policy which could lead to the destabilization of the financial system if it gets rid of trusted intermediaries and their regulations.
Future Potential for Stablecoins
Despite this warning about instability, Chan conceded that “stablecoins have great future potential” provided they meet a certain degree of investor protection and regulatory conformity.
Non-Fungible Tokens (NFTs)
Chan also suggested NFTs as having broad application potential especially for those looking to make art, wine or antique purchases.
Digital Yuan Tested by Beijing People’s Bank
Hong Kong is currently testing the ‘cross-border’ functionality of Beijing’s digital yuan in collaboration with the People’s Bank of China.
• The city of Suzhou, in China, has outlined a plan to increase digital yuan adoption by 2025.
• The plan includes goals for individuals and companies in the city to transact a total of around $297 billion worth of digital yuan by the end of 2023.
• The city is also aiming to process some $30 billion worth of digital yuan-powered loans for small- and medium-sized enterprises before the end of the year.
Suzhou Aims to Increase Digital Yuan Adoption
The city of Suzhou, in China, has unveiled plans that it hopes will increase its adoption rate of the central bank’s digital yuan token this year. According to reports from Shanghai Securities News, the wealthy and populous city has outlined a range of goals it hopes to meet by 2025 – including increasing its cumulative transaction volume sixfold by 2023.
Goals for Digital Yuan Adoption
The plan includes goals for both individuals and local firms in Suzhou who are hoping to transact a total of around $297 billion worth of digital yuan by the end of this year. Additionally, the city wants to ensure that some $30 billion worth of digital yuan-powered loans are processed for small- and medium-sized enterprises before December 2021.
Adoption Already Growing In Suzhou
Already, over 30 million people have downloaded e-CNY wallets since 2022 began – with almost 1 million local companies and government organs now accepting payment via digital yuan tokens. Furthermore, fewer than 400 businesses specialize in fields such as blockchain technology or digital finance – though Suzhou officials hope that number increases to 1,000 before 2025 arrives.
Other Chinese Cities Follow Suit
Other cities across China have also set ambitious targets when it comes to their own individual drives for greater adoption rates – with Changsha recently claiming that more than 300,000 stores now accept payments via digital yuan tokens. Currently 17 cities have been included in the pilot zone so far – with Wuhan touted as another possible candidate shortly.
It appears clear that many Chinese cities are vying against each other when it comes to exhibiting their commitment towards increased adoption rates for China’s own central bank currency token – with many hoping they can achieve even greater heights come 2025.
• The token that powers Ethereum scaling solution Polygon’s sidechain MATIC has surged in price, gaining over 44% this year.
• The rally has been driven by a combination of optimism around the project’s outlook and a broad rally in crypto prices.
• A break above the 38.6% Fibonacci retracement back from the 2022 lows could open the door to a push towards the 50% retracement around $1.62 and to the March 2022 high close to $1.75.
The cryptocurrency token that powers Ethereum scaling solution Polygon’s sidechain MATIC has been on an absolute tear in recent weeks, gaining over 44% this year. After having been stuck in a $0.92-$1.05 range for the last few weeks, MATIC surged as high as the $1.12s on Thursday, gaining over 13% on the day, though the rally has since eased off a little on Friday, with the cryptocurrency now trading back just to the south of the $1.10 level once again.
This surge has been driven by a combination of optimism around the project’s outlook and a broad rally in crypto prices. This month’s upside in crypto prices is being driven by a combination of easing financial conditions as US inflation and growth slow, leading to more dovish expectations for Fed tightening in the coming quarters, as well as growing signs (both technical and on-chain) that the bear market in crypto might now be over.
Polygon’s success has been further bolstered by the blockchain project having secured massive partnerships in 2022, such as its acceptance into the Disney accelerator program. These developments have provided a strong foundation for the cryptocurrency to build on and consequently have pushed the price of MATIC to new heights.
The latest surge should open the door for Polygon to be able to test its early November 2022 highs in the $1.30 area in the coming weeks. This resistance level roughly also coincides with the 38.6% Fibonacci retracement back from the 2022 lows under $0.32 to the end of 2021 record highs close to $3.0. A break above here would likely open the door to a push towards the 50% retracement around $1.62 and to the March 2022 high close to $1.75.
Overall, Polygon’s success has been indicative of an improving risk sentiment in the cryptocurrency space, with its strong partnerships and successful scaling solution providing the basis for the cryptocurrency’s current surge. It remains to be seen if the cryptocurrency can break through the resistance levels and move to new heights, but if it does, it could be the start of a new bull rally in the crypto space.
• Calvaria’s native token, RIA, has raised more than $2.87 million in its presale.
• RIA is currently selling for $0.0325, providing up to 225% returns for early investors.
• The game is set to be released in the second quarter of 2023, with RIA to be listed on centralized exchanges soon.
Calvaria is an upcoming digital trading card game that has generated a lot of buzz in the GameFi space. It is an afterlife-themed metaverse, where players get to select Non-Fungible Token (NFT) trading cards that represent specific characters. The Calvaria: Duels of Eternity game has been in presale for over three months, and its native token, RIA, has raised more than $2.87 million so far. With only $200k left to raise before its presale ends, the presale will end when the final milestone of $3,075,000 is reached, or by January 31st, whichever comes first.
The digital asset began selling at a price of $0.0100 and with the token now selling for $0.0325, the earliest investors should have already seen up to 225% in profits. The alpha version of the game is set to be released in the second quarter of 2023, and with RIA set to list on centralized exchanges soon, an influx of liquidity should help bolster its price even further. The RIA listing on BKex will be followed by a listing on the Hong Kong-based LBank exchange 24 hours later.
Calvaria is supported by Kucoin Wallet, which has fueled speculation that a listing on Kucoin, the world’s fourth-largest exchange, is in the works. In the game, players will battle each other using their chosen NFT cards, and the winner will earn rewards in the form of RIA tokens. This provides an additional incentive to play the game and increases the demand for RIA tokens.
The presale for RIA is closing soon, so don’t miss out on the opportunity to profit from this exciting project. With the alpha version of the game set to be released soon, investors will have plenty of time to benefit from the increasing value of RIA tokens. Now is the time to join the Calvaria: Duels of Eternity community and to reap the rewards of being an early adopter.
– Donald Trump released a collection of NFTs in mid-December called “Trump Cards”.
– Buyers of the NFTs were also supposed to enter into a sweepstakes, with the chance of winning prizes, including a group Zoom call with the former president.
– NFTs with access passes to a group Zoom call with Trump are now being flipped by users and are going for sale for less than $25 worth of ETH.
Donald Trump has recently made a foray into the NFT space with the release of his collection of “Trump Cards”. The limited edition, digital cards depict the former president in a variety of iconic poses and situations. Each card was priced at $99 and a total of 45,000 NFTs were minted on Polygon, a layer-two scaling solution that runs alongside the Ethereum blockchain and allows for speedy transactions and low fees.
In addition to the cards, buyers of the NFTs were also entered into a sweepstakes for the chance of winning prizes, including a gala dinner, a game of golf, or a group Zoom call with the former president. Starting last month, NFT owners began to receive their access passes in the form of airdrops, which is still ongoing.
The NFTs with access passes to a group Zoom call with Trump are now being flipped by users and are going for sale for less than $25 worth of ETH. According to the OpenSea marketplace, each Zoom call with the former president will include up to 2,000 people and last for 20 minutes. Participants will have the opportunity to submit questions prior to the call but there is no guarantee they will receive an answer.
The Trump Cards NFTs have been met with a mixed reception, with some calling it a clever marketing ploy and others criticizing the former President for capitalizing on his name. Regardless of the opinion, the release of the Trump Card NFTs is an interesting development in the world of NFTs, illustrating the potential for these digital assets to be used for a variety of purposes.