2021 was certainly the year for cryptocurrency, especially when considering the statements and opinions of well-known social media forums like Reddit. The platform saw cryptocurrency as being the most popular theme amongst users this year, with a record-breaking 6.6 million mentions throughout. Reddit Brings Crypto to Mainstream Territory The term ultimately got more mentions than even “gaming” and “sports.” At the time of writing, Reddit enjoys approximately 430 million...
Read More »“People Token” from Constitution DAO Jumps Nearly 1,000%
Constitution DAO may have lost its bid on a piece of American history last month, but this has helped to launch the company into the digital spotlight. Its meme currency is now up by 900 percent, marking one of the largest surges to occur over the span of just a few weeks. Constitution DAO Is Still Accomplishing Something Big Coin Market Cap was one of the first sites to report on the data. The currency has been dubbed the “people token” given that it is offered to those...
Read More »After Dismissing Dogecoin, Bitstamp Lists Rival Shiba Inu (SHIB)
The hype behind canine-themed coins may have declined, but that has not stopped prominent trading venues from adding support for Shiba Inu (SHIB). It has now managed to fetch a listing from Luxembourg-based Bitstamp. Besides SHIB, the exchange also added Perpetual Protocol (PERP), dYdX (DYDX), and Gala (GALA). Bitstamp Lists Shiba Inu (SHIB) According to the official announcement, Bitstamp will enable its users to trade SHIB against the US dollar and the Euro, i.e., SHIB/USD...
Read More »Meme-Coins verlieren an Fahrt
Der Markt hat sich wieder gefangen. Nachdem es in der letzten Woche zu einem Crash kam, der ungefähr 20 Prozent des Marktwerts zerstörte, konnten sich die größeren Cryptocoins wieder stabilisieren – Bitcoin, zum Beispiel, legte 5 Prozent im Tagesvergleich zu. Crypto News: Meme-Coins verlieren an FahrtBitcoin kletterte wieder über die Marke von 50.000 US-Dollar hinaus. Der gesamte Markt kletterte mit dem BTC.Allerdings kam es zu einer interessanten Verschiebung in den Top 10 nach...
Read More »Whale Buys 28 Billion SHIB for $1.2 Million as Price Stalls
Yesterday, pseudonymous ETH whale “Gimli” bought 28 billion SHIB for $1.2 million. Gimli has a months-long history of stacking the infamous memecoin, which is now the 13th largest crypto by market cap. Stacking SHIB WhaleStats – a Twitter account analyzing the movements of the richest 1000 ETH wallets – called attention to the transaction yesterday. Apparently, Binance sent exactly 28,236,296,316 SHIB to Gimli for $1,204,823. With the latest purchase, Gimli now holds a...
Read More »Binance Unveils Inside Details of the Dogecoin (DOGE) Incident
The world’s leading cryptocurrency exchange, Binance, has opened up about the entire fiasco that was endured by Dogecoin Core maintainers and the company during the wallet upgrade. In its blog post titled, “The Inside Story on DOGE withdrawals,” Binance revealed what actually transpired and how no one was at fault. Dogecoin (DOGE) withdrawals Inside Story It all began as, what Binance describes, a “straight-forward” upgrade. However, users were not able to withdraw their DOGE...
Read More »Dogecoin Is the Most Searched Digital Asset
When it comes to cryptocurrency, it’s nearly impossible to ignore the fact that both bitcoin and Ethereum are the two largest examples out there, with bitcoin taking the number one spot and Ethereum in second place. However, this is just in terms of market cap. Regarding popularity, there is evidence suggesting Dogecoin takes the number one spot. The Popularity of Dogecoin Has Shot Through the Roof Dogecoin has arguably become one of the biggest cryptocurrencies in...
Read More »Dogecoin (DOGE) Is Not Good For The Crypto Market, Says Ripple CEO
Brad Garlinghouse – CEO of Ripple – recently stated that Dogecoin might not be good for the crypto market. In the context of using cryptocurrencies as an inflation hedge, he said that the meme coin’s inflationary nature doesn’t fit well into that picture. Can Doge Really Fight Inflation? The CEO aired his thoughts on the meme coin in a CNBC-moderated panel discussion at the Fintech Abu Dhabi event on Tuesday. While discussing the broader cryptocurrency market, he said that...
Read More »Binance Details Issues With Dogecoin Wallets in Response to Elon Musk
Binance has been experiencing problems with Dogecoin withdrawals for over ten days now. The root cause is a technical issue that resent old transactions to Binance users, besides DOGE holders being unable to withdraw the currency. CryptoPotato reported that the 1.14.5 upgrade on the Dogecoin network led to issues on the Binance exchange. Some failed (stuck) transactions were relayed successfully post the 1.14.5 update, causing DOGE holders to receive old transactions while...
Read More »Shiba Inu and Dogecoin: The Most Searched Cryptocurrencies on Google USA During November
Whoever thinks that meme cryptocurrencies are useless at this point might want to revise their expectations. A recent study suggests that in much of the United States, people are more interested in puppy-themed meme coins like Dogecoin or Shiba Inu than in the big serious projects that claim to be a financial revolution. Although Bitcoin and Ether occupy more than 60% of the total marketcap of all cryptocurrencies, during 2021, Dogecoin and Shiba Inu have won the hearts of...
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