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Browsing Archive: June, 2021

Could Dogecoin Be Due For A Drop? Here's What The Chart Says

Posted by Tyler Bundy on Saturday, June 12, 2021, In : 848FINACE 
a close up of a device© Provided by BenzingaDogecoin (CRYPTO:DOGE) is the frontrunner in the cryptocurrency meme world and is one of Elon Musk's favorite cryptos.

Coinbase Global Inc. (NASDAQ: COIN) recently listed Dogecoin for purchase or sale on their website. In celebration of putting the coin on their platform, they ran a sweepstakes. If any Coinbase user bought or sold $100 of Dogecoin, they were entered into a drawing to win $300,000 in Dogecoin.

Dogecoin was down 3.12% at $0.3155 at last check. Below is a lo...


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7 Speculative Cryptos to Avoid as Focus Shifts to High-Utility Coins

Posted by Thomas Niel on Saturday, June 12, 2021, In : Technical Analysis 

Slide 5 of 8:     MonaCoin never quite caught on among U.S.-based investors. But, as InvestorPlace's Brenden Rearick broke it down back in April, this Japanese counterpart to Dogecoin was another memecoin name that could have broken out into the mainstream. Unfortunately, it didn't. As seen from its price history, MONA-USD experienced a huge run-up during the last crypto craze, in 2017. But, in 2021? So far this year, it has traded sideways (it trades for around $1.96 today) and thats with the sharp increase of inflows into digital assets. It saw relatively lower levels of losses during the meltdown. Even so, don't take this to mean this is a speculative crypto set to take off anytime soon. Sure, it's been approved by regulators for transactional use in its home market; it has some degree of utility. Still, this usability is more in the novelty sense, as seen with Dogecoin in the U.S. But, it's far from being in the running to supplant Ethereum when it comes to more sophisticated transactions.            8 Tech Stocks That Are Helping to Build the Next Big Thing          An enterprising crypto aficionado, with enough capital and clout, could theoretically help turn this into a more substantial force in the blockchain economy. Yet, for now, expect this to remain a more arcane crypto, well-known in Japan, but largely unknown everywhere else.
After last month's meltdown, what lies ahead for the cryptocurrency market? Coins with high utility such as 
Cardano (CCC:ADA-USD) and Polygon (CCC:MATIC-USD) have shown more resiliency at the expense of established coins, like Bitcoin (CCC:BTC-USD), and Ethereum (CCC:ETH-USD). And, for more speculative coins? They've attempted to recover as well. But, as the dust continues to settle, their prospects may be weakening. A large factor in the run-up in these names experienced up until the correct...
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7 Speculative Cryptos to Avoid as Focus Shifts to High-Utility Coins

Posted by JOSEPH ZOMAS on Saturday, June 12, 2021, In : Technical Analysis 

                                       Bitcoin, BTC, blockchain

                            What is Bitcoin (BTC)?

No one expected, in 2009, when the first Bitcoin transaction was completed, that by a few cents its value a dozen years later would exceed $60,000. Yet the leader of cryptocurrencies is gradually consolidating as it becomes an increasingly powerful institutional framework. With it of course "drifts" and the rest of the cryptoassets and combined have achieved a space capitalization of more than $2 trillion...


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Hacking bitcoin wallets with quantum computers could happen – but cryptographers are racing to build a workaround

Posted by MacKenzie Sigalos on Friday, June 11, 2021, In : 848FINACE 

  • Within a decade, quantum computing is expected to be able to hack into cell phones, bank accounts, email addresses and bitcoin wallets.
  • "The National Institute of Science and Technology (NIST) has been working on a new standard for encryption for the future that's quantum proof," said Fred Thiel, CEO of cryptocurrency mining specialist Marathon Digital Holdings. 
a man wearing glasses and looking at the camera: Intel's 17-qubit quantum test chip.© Provided by CNBC Intel's 17-qubit quantum test chip.

Stefan Thomas really could have used a quantum computer this year.

The German-b...


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Cannabis Stocks: How Reddit and Amazon Are Boosting TLRY, SNDL Stocks Today

Posted by Brenden Rearick on Friday, June 4, 2021, In : Technical Analysis 
a bottle and a glass of beer on a table: Forget a 1-for-12 Split, Aurora Stock May as Well Go for 200© Source: Shutterstock Forget a 1-for-12 Split, Aurora Stock May as Well Go for 200

Cannabis is back on the menu. It seems that even as the meme stock explosion that cooled down the cannabis industry continues to soar, pot can have a rebound and see green once again. The Reddit forces are pushing cannabis stocks amid the AMC (NYSE:AMC) frenzy, and the industry is being lifted by promising support from Amazon (NASDAQ:AMZN).

a group of glass bottles on a table: Forget a 1-for-12 Split, Aurora Stock May as Well Go for 200© Provided by InvestorPlace Forget a 1-for-12 Split, Aurora Stock May ...

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The Dangers of Dogecoin

Posted by Goyo Large on Friday, June 4, 2021, In : Technical Analysis 
CHRISTIAN GIMENEZ sitting at a table using a laptop: The Dangers of Dogecoin© Provided by The Motley Fool The Dangers of DogecoinCHRISTIAN GIMENEZ sitting at a table using a laptop: Mature man looking at his laptop with concern on his face.© Getty Images Mature man looking at his laptop with concern on his face.

Any crypto investment can be risky, but Dogecoin is riskier.

Dogecoin (DOGE) is many things to many people. For some, it epitomizes everything that's worrying about crypto: A coin that started as a joke now has a market cap that's comparable to large companies with thousands of employees.

For others, it's a curiosity -- a popular, memeable coin that's gone mainstream, ...


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Dogecoin Underperforms Wider Crypto Market Despite Key Catalyst

Posted by Shivdeep Dhaliwal on Friday, June 4, 2021, In : Technical Analysis 
a book on a table© Provided by BenzingaDogecoin (DOGE) traded over 6% lower on Thursday night, underperforming against the broader market, even after Coinbase Global Inc (NASDAQ: COIN) listed the Shiba Inu-themed coin on its platform. 

What Happened: DOGE traded 6.18% lower at $0.39 at press time over a 24-hour period. The cryptocurrency fell 9.07% against Bitcoin (BTC) and 9.31% against Ethereum (ETH). 

See Also: How to Buy Dogecoin (DOGE)

The total market capitalization of the global cryptocurrency market ros...


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3 Cryptocurrency Stocks That May Not Rebound Soon

Posted by Mark Putrino on Wednesday, June 2, 2021, In : 848FINACE 

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Shiba Inu, Dogecoin, Other Meme-Themed Cryptos Widen Losses As NFT Plays And 'Ethereum Killers' Soar

Posted by Shivdeep Dhaliwal on Tuesday, June 1, 2021, In : 848FINACE 

Dog-themed cryptocurrencies continued to widen losses, while so-called Ethereum (ETH) killers and non-fungible token or NFT oriented coins were buoyant in the early hours of Thursday at press time.

© Provided by Benzinga

What Happened: SHIBA INU (SHIBA) was down 12.88% at $0.0000089 at press time in a span of 24 hours. In the same period, the meme cryptocurrency fell 9.4% and 9.16% against Bitcoin (BTC) and ETH, respectively.

Dogecoin (DOGE) too traded in the red, down 5.67% in a 24-hour period...


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A Major Crypto Allocation Likely Coming

Posted by Jeff Remsburg on Tuesday, June 1, 2021, In : Technical Analysis 

Expect a sideways stock market… pain for Big Oil investors… gold keeps climbing… an investment legend eyes the crypto market… Yellen wants to spend more of your money

This week, we’ve seen lots in the headlines…

We have shakeups in Big Oil, gold topping a k...


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