Discover the pros and cons of Dogecoin, from strong community support and lower transaction fees to limited development and uncertain long-term value. Explore the fascinating world of this popular cryptocurrency.
Cons
The recent surge in the price of Bitcoin has captured the attention of large Bitcoin whales, who are taking advantage of the dip to buy more coins at discounted prices. These whales, holding at least 1,000 BTC, have been increasing their holdings over the past three months, signaling their bullish outlook on the cryptocurrency market.
The cryptocurrency market has seen a significant surge in meme coins, with popular tokens like DogWifHat (WIF) and Dogecoin (DOGE) experiencing substantial gains. Over the last week, DogWifHat has shot up by an impressive 42%, while Dogecoin has surged by 37%. These meme coins have outperformed other leading cryptocurrencies like Bitcoin and Ethereum, which have
Recent US criminal charges against KuCoin have raised concerns about the exchange’s operational stability. However, CEO Johnny Lyu has reassured users that their funds are safe and that the platform will continue to function without any disruptions. Despite facing allegations of flouting anti-money laundering laws, KuCoin remains confident in its ability to provide a secure
Portugal’s National Data Protection Commission (CNPD) has taken a firm stance against Worldcoin, imposing a ban on the collection of biometric data for a period of three months. The decision comes as a result of several concerning factors raised by the CNPD, including the lack of age verification mechanisms for members and the collection of
Recent data from crypto analytics firm Glassnode has revealed that the amount of Bitcoin held on Coinbase has reached a 9-year low. This significant drop in Bitcoin balance on the popular exchange suggests that investors are opting to move their holdings off exchanges and hold for the long term, rather than engage in short-term selling.
In a surprising turn of events, the fifth richest Bitcoin address recently made a massive transfer of $6 billion worth of the digital asset to three new wallets. This transfer, which took place over the weekend, has left the cryptocurrency community buzzing with speculation and curiosity. The address, initially funded with a whopping 94,500 BTC
The cryptocurrency market has been buzzing with excitement as a new meme coin, LIGMA token, has taken center stage with an astonishing +188,000% gain in less than 24 hours. Despite its provocative name, LIGMA has caught the attention of investors due to its claims of launching the fastest nodes on the Solana network. The token
As a cryptocurrency enthusiast, Rekt Capital has pointed out a compelling similarity between the recent Bitcoin pre-halving retrace and the one that occurred in 2020. This observation comes at a time when Bitcoin has shown momentum in its price, surging above $70,000 after a period of decline. According to Rekt Capital, the current pullback may
Ark Invest has recently made a significant move by selling 74,291 Coinbase shares, valued at $20.8 million, across three exchange-traded funds. This decision follows their previous sale of over $100 million worth of Coinbase shares last week when the price of COIN reached new yearly highs. The firm sold shares from its Innovation ETF (ARKK),