Ask CryptoVantage: What Are Considered “Blue-Chip” Cryptos?
In moments of true innovation, we naturally reach for an analogy to the world we know. In the web3 era, and especially in DeFi, we reach for analogies to traditional finance. We use terms like ‘digital gold’ to describe bitcoin and we start with the traditional art market when thinking about Non-Fungible Tokens (NFTs).
As investors, we’ve lived in the FAANG (Facebook, Apple, Amazon, Netflix, Google) era for so long that we’re trying to find the next big winners amongst the plethora of cryptocurrencies. Although we need to look deeper into elements like the size of the user base, the quality of the software, consensus mechanisms, the developer community, it’s utility in the world, and it’s transaction volume, speed, and cost, we can still be relatively sure that projects on top of the charts for an extended period of time will continue to perform.
That begs the question, what are the blue-chip cryptocurrencies? Today, the blue-chip cryptocurrencies are bitcoin, ethereum, binance coin, and solana.
Read the full post here: https://www.cryptovantage.com/news/ask-cryptovantage-what-are-considered-blue-chip-cryptos/
In moments of true innovation, we naturally reach for an analogy to the world we know. In the web3 era, and especially in DeFi, we reach for analogies to traditional finance. We use terms like ‘digital gold’ to describe bitcoin and we start with the traditional art market when thinking about Non-Fungible Tokens (NFTs).
As investors, we’ve lived in the FAANG (Facebook, Apple, Amazon, Netflix, Google) era for so long that we’re trying to find the next big winners amongst the plethora of cryptocurrencies. Although we need to look deeper into elements like the size of the user base, the quality of the software, consensus mechanisms, the developer community, it’s utility in the world, and it’s transaction volume, speed, and cost, we can still be relatively sure that projects on top of the charts for an extended period of time will continue to perform.
That begs the question, what are the blue-chip cryptocurrencies? Today, the blue-chip cryptocurrencies are bitcoin, ethereum, binance coin, and solana.
Read the full post here: https://www.cryptovantage.com/news/ask-cryptovantage-what-are-considered-blue-chip-cryptos/
The SEC Ethereum ‘Free Pass’ Theory and Why It’s Important for Crypto
Ripple recently celebrated its one-year anniversary. No, not the anniversary of its founding, but rather the anniversary of its legal dispute with the Securities and Exchange Commission, which on December 22, 2020 charged Ripple Labs and two of its executives with conducting a $1.3 billion unregistered securities offering.
The immediate effect of this charge was to tank the price of XRP, which fell from $0.517176 to $0.212070 on December 31. However, as negative as the SEC’s case initially was for Ripple, there has been significant fightback on various fronts, from XRP’s market performance to the dogged legal defense proffered by Ripple’s lawyers. In addition, members of the wider XRP and cryptocurrency communities -- including attorneys working within the industry -- have pointed out the serious inconsistencies inherent to the SEC targeting Ripple, and not Ethereum as well.
Proponents of the so-called ‘free pass theory’ have even highlighted that key SEC figures have professional and financial interests that naturally align them with Ethereum (and Bitcoin). They’ve therefore claimed that the SEC’s case against Ripple is potentially part of a conspiracy intended to damage Ripple and XRP. And while there may be no real proof that this is true, the contradictions and conflicts (of interest) attached to the SEC’s charges are ultimately positive for crypto in the long term.
Read the full post here: https://www.cryptovantage.com/news/the-sec-ethereum-free-pass-theory-and-why-its-important-for-crypto/
Ripple recently celebrated its one-year anniversary. No, not the anniversary of its founding, but rather the anniversary of its legal dispute with the Securities and Exchange Commission, which on December 22, 2020 charged Ripple Labs and two of its executives with conducting a $1.3 billion unregistered securities offering.
The immediate effect of this charge was to tank the price of XRP, which fell from $0.517176 to $0.212070 on December 31. However, as negative as the SEC’s case initially was for Ripple, there has been significant fightback on various fronts, from XRP’s market performance to the dogged legal defense proffered by Ripple’s lawyers. In addition, members of the wider XRP and cryptocurrency communities -- including attorneys working within the industry -- have pointed out the serious inconsistencies inherent to the SEC targeting Ripple, and not Ethereum as well.
Proponents of the so-called ‘free pass theory’ have even highlighted that key SEC figures have professional and financial interests that naturally align them with Ethereum (and Bitcoin). They’ve therefore claimed that the SEC’s case against Ripple is potentially part of a conspiracy intended to damage Ripple and XRP. And while there may be no real proof that this is true, the contradictions and conflicts (of interest) attached to the SEC’s charges are ultimately positive for crypto in the long term.
Read the full post here: https://www.cryptovantage.com/news/the-sec-ethereum-free-pass-theory-and-why-its-important-for-crypto/
What Are The Top 3 Things People Get Wrong About Binance Coin?
BNB needs no introduction to crypto insiders. The currency is the native cryptocurrency for Binance, arguably the world's favorite exchange. But as is usual with a lot of things, knowing about something doesn't mean you know how it works. The Binance platform has several projects under its umbrella, and as a result, Binance-speak can be baffling even for the most avowed crypto fan.
BNB is almost synonymous with Binance. Does that mean it's the company's stock? Are Binance Chain and Binance Smart Chain the same thing? Bitcoin is known for being "deflationary" — the opposite of inflationary, thanks to its hard cap. What about BNB?
Read the full post here: https://www.cryptovantage.com/news/what-are-the-top-3-things-people-get-wrong-about-binance-coin/
BNB needs no introduction to crypto insiders. The currency is the native cryptocurrency for Binance, arguably the world's favorite exchange. But as is usual with a lot of things, knowing about something doesn't mean you know how it works. The Binance platform has several projects under its umbrella, and as a result, Binance-speak can be baffling even for the most avowed crypto fan.
BNB is almost synonymous with Binance. Does that mean it's the company's stock? Are Binance Chain and Binance Smart Chain the same thing? Bitcoin is known for being "deflationary" — the opposite of inflationary, thanks to its hard cap. What about BNB?
Read the full post here: https://www.cryptovantage.com/news/what-are-the-top-3-things-people-get-wrong-about-binance-coin/
The 10 Best Cryptocurrency Apps of 2022
No cryptocurrency trader is an island. Rather than being capable of picking winning trades without any outside input, pretty much every trader depends on a constant stream of information, guidance and help in order to invest wisely. Indeed, the cryptocurrency market moves so quickly that not having access to up-to-date info and data is akin to playing darts in the dark.
Fortunately, we live in the Smartphone Age. This means that every investor, no matter how big or small, can download a range of apps that will help them navigate the weird and wonderful world of crypto. This article compiles the 10 best cryptocurrency apps of 2022, ranging from apps for the latest price data and technical indicators to apps that teach you the basics of cryptocurrency trading. Together, they should provide traders with the best possible launchpad for beating the market.
Read the full post here: https://www.cryptovantage.com/news/the-10-best-cryptocurrency-apps-of-2022/
No cryptocurrency trader is an island. Rather than being capable of picking winning trades without any outside input, pretty much every trader depends on a constant stream of information, guidance and help in order to invest wisely. Indeed, the cryptocurrency market moves so quickly that not having access to up-to-date info and data is akin to playing darts in the dark.
Fortunately, we live in the Smartphone Age. This means that every investor, no matter how big or small, can download a range of apps that will help them navigate the weird and wonderful world of crypto. This article compiles the 10 best cryptocurrency apps of 2022, ranging from apps for the latest price data and technical indicators to apps that teach you the basics of cryptocurrency trading. Together, they should provide traders with the best possible launchpad for beating the market.
Read the full post here: https://www.cryptovantage.com/news/the-10-best-cryptocurrency-apps-of-2022/
Ask CryptoVantage: What Are the Best Tips for Surviving a Bear Market?
Whether it is in the crypto space or traditional finance, bear markets are inevitable. In a sudden twist of emotions or events, market actors can choose to sell their positions (whether it's more than they intended or not) in a wave of panic selling that also scares other actors into a selling frenzy.
This can set out a ripple effect that can pull the price of an asset down sharply even though its fundamental value has not changed.
Read the full post here: https://www.cryptovantage.com/news/ask-cryptovantage-what-are-the-best-tips-for-surviving-a-bear-market/
Whether it is in the crypto space or traditional finance, bear markets are inevitable. In a sudden twist of emotions or events, market actors can choose to sell their positions (whether it's more than they intended or not) in a wave of panic selling that also scares other actors into a selling frenzy.
This can set out a ripple effect that can pull the price of an asset down sharply even though its fundamental value has not changed.
Read the full post here: https://www.cryptovantage.com/news/ask-cryptovantage-what-are-the-best-tips-for-surviving-a-bear-market/
Here’s Why the Cryptocurrency Market Suffered Another Big Drop, Continues to Slump
The much-anticipated end-of-year cryptocurrency rally failed to materialize. Not only that, but as CryptoVantage predicted in an earlier article, its no-show has contributed to a protracted slump. In fact, this past week saw a big dive, as bitcoin fell by 15% in seven days, from about $48,123 to a low of $40,685. Needless to say, most of the market declined along with it.
There are numerous reasons for this decline, with this article focusing on the three most important: 1) clear signals that the Federal Reserve will tighten monetary policy in 2022; 2) the disappearance of any real positive narrative for crypto; and 3) the cooling off of a grossly overheated market.
All these factors have combined to cause the current slump the market is witnessing, and it may not be for several months that it recovers. But hopefully, Ethereum’s successful transition to proof-of-stake in Q1/Q2 -- as well as a possible victory for Ripple in its case against the SEC -- may help trigger a recovery rally.
Read the full post here: https://www.cryptovantage.com/news/heres-why-the-cryptocurrency-market-suffered-another-big-drop-continues-to-slump/
The much-anticipated end-of-year cryptocurrency rally failed to materialize. Not only that, but as CryptoVantage predicted in an earlier article, its no-show has contributed to a protracted slump. In fact, this past week saw a big dive, as bitcoin fell by 15% in seven days, from about $48,123 to a low of $40,685. Needless to say, most of the market declined along with it.
There are numerous reasons for this decline, with this article focusing on the three most important: 1) clear signals that the Federal Reserve will tighten monetary policy in 2022; 2) the disappearance of any real positive narrative for crypto; and 3) the cooling off of a grossly overheated market.
All these factors have combined to cause the current slump the market is witnessing, and it may not be for several months that it recovers. But hopefully, Ethereum’s successful transition to proof-of-stake in Q1/Q2 -- as well as a possible victory for Ripple in its case against the SEC -- may help trigger a recovery rally.
Read the full post here: https://www.cryptovantage.com/news/heres-why-the-cryptocurrency-market-suffered-another-big-drop-continues-to-slump/
Price Check: Has Bitcoin Found the Bottom at $40,000?
Bitcoin is hanging on to a very important threshold by a thread, trading just above $41k after dipping just below $40k to $39.7k earlier in the day.
Some analysts believe the bottom may be $38k, but holders of the king of crypto likely do not want to see that area tested. With another 10% drop by Bitcoin, we have a really red market chart, with only a few assets in the green for the week. As a result, the decreases section for the week will be expanded as we include more assets that have lost value over the week.
Read the full post here: https://www.cryptovantage.com/news/price-check-has-bitcoin-found-the-bottom-at-40000/
Bitcoin is hanging on to a very important threshold by a thread, trading just above $41k after dipping just below $40k to $39.7k earlier in the day.
Some analysts believe the bottom may be $38k, but holders of the king of crypto likely do not want to see that area tested. With another 10% drop by Bitcoin, we have a really red market chart, with only a few assets in the green for the week. As a result, the decreases section for the week will be expanded as we include more assets that have lost value over the week.
Read the full post here: https://www.cryptovantage.com/news/price-check-has-bitcoin-found-the-bottom-at-40000/
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Huge Potential? The 10 Best Cryptocurrencies to Buy in 2022
2021 was a great year for the cryptocurrency market, featuring all-time highs not only for many, many coins but also for the market’s total cap as a whole. And even if it ended with a whimper, the current bearishness will eventually transform into renewed bullishness at some point, judging by previous market cycles of expansion and contraction.
As we’ve written previously, at least a couple of events on the horizon are likely to help push the overall market higher later this year, while the current macroeconomic picture -- involving inflation and the threat of higher interest rates -- may improve as the global economy continues to open up again. This means that investors might want to begin considering their options in preparation for a recovery, with the downturn giving them the opportunity to buy various coins at a significant discount.
To this end, we’ve chosen the 10 best cryptocurrencies to buy in 2022. It's worth mentioning this article is not investment advice. These are just coins with good long-term potential, in the sense of having strong fundamentals, good levels of investment and/or usage, and a real potential for future development and growth.
Read the full post here: https://www.cryptovantage.com/news/huge-potential-the-10-best-cryptocurrencies-to-buy-in-2022/
2021 was a great year for the cryptocurrency market, featuring all-time highs not only for many, many coins but also for the market’s total cap as a whole. And even if it ended with a whimper, the current bearishness will eventually transform into renewed bullishness at some point, judging by previous market cycles of expansion and contraction.
As we’ve written previously, at least a couple of events on the horizon are likely to help push the overall market higher later this year, while the current macroeconomic picture -- involving inflation and the threat of higher interest rates -- may improve as the global economy continues to open up again. This means that investors might want to begin considering their options in preparation for a recovery, with the downturn giving them the opportunity to buy various coins at a significant discount.
To this end, we’ve chosen the 10 best cryptocurrencies to buy in 2022. It's worth mentioning this article is not investment advice. These are just coins with good long-term potential, in the sense of having strong fundamentals, good levels of investment and/or usage, and a real potential for future development and growth.
Read the full post here: https://www.cryptovantage.com/news/huge-potential-the-10-best-cryptocurrencies-to-buy-in-2022/
Several African Countries Are Looking at Incorporating Crypto
African countries are embracing central bank digital currencies. In what seems like sudden demand, central banks across the continent are rushing to have their version of a digital currency. It's intriguing to watch, considering even though the continent is a hotspot of crypto trading, regulators have been less than moved.
Nigeria is at the forefront — having already activated a digital version of the Naira — while other countries are losing no time in pursuit.
CBDCs, short for central bank digital currencies, are digital currencies issued and regulated by central or state banks. CBDCs attempt to mimic the best of cryptocurrencies — fast transaction speeds, high-level security, and cheaper fees.
Read the full post here: https://www.cryptovantage.com/news/several-african-countries-are-looking-at-incorporating-crypto/
African countries are embracing central bank digital currencies. In what seems like sudden demand, central banks across the continent are rushing to have their version of a digital currency. It's intriguing to watch, considering even though the continent is a hotspot of crypto trading, regulators have been less than moved.
Nigeria is at the forefront — having already activated a digital version of the Naira — while other countries are losing no time in pursuit.
CBDCs, short for central bank digital currencies, are digital currencies issued and regulated by central or state banks. CBDCs attempt to mimic the best of cryptocurrencies — fast transaction speeds, high-level security, and cheaper fees.
Read the full post here: https://www.cryptovantage.com/news/several-african-countries-are-looking-at-incorporating-crypto/
What Are the Top 3 Things People Get Wrong About XRP?
XRP may be one of the most widely misunderstood cryptocurrencies in the world. XRP used to hold firm the #3 spot in the cryptocurrency world, so what happened to it? What is XRP? And what do people get wrong about it?
Ripple (XRP) is a cryptocurrency created by Ripple Labs. It’s design intent is to ease the facilitation of payments across international borders. Currently, it can be very expensive to send cash across the world, XRP seeks to make that process cheaper. While this is a use-case that the everyday person might not encounter, it is very useful for a number of entities. Namely, it’s a fantastic use-case for people and institutions sending large amounts of money around the world. It is also for people who have to send money back to their home country who are working abroad.
Here's a look at the three biggest misconceptions about XRP:
Read the full post here: https://www.cryptovantage.com/news/what-are-the-top-3-things-people-get-wrong-about-xrp/
XRP may be one of the most widely misunderstood cryptocurrencies in the world. XRP used to hold firm the #3 spot in the cryptocurrency world, so what happened to it? What is XRP? And what do people get wrong about it?
Ripple (XRP) is a cryptocurrency created by Ripple Labs. It’s design intent is to ease the facilitation of payments across international borders. Currently, it can be very expensive to send cash across the world, XRP seeks to make that process cheaper. While this is a use-case that the everyday person might not encounter, it is very useful for a number of entities. Namely, it’s a fantastic use-case for people and institutions sending large amounts of money around the world. It is also for people who have to send money back to their home country who are working abroad.
Here's a look at the three biggest misconceptions about XRP:
Read the full post here: https://www.cryptovantage.com/news/what-are-the-top-3-things-people-get-wrong-about-xrp/
Best Ways to Earn Passive Income with Crypto in 2022
While the early days of bitcoin and cryptocurrency were dominated by traders looking to buy low and sell high, the crypto ecosystem has recently seen increased financialization and different ways in which users are able to earn passive income on their crypto holdings.
With developments such as staking and lending, crypto holders are now able to earn additional returns on top of the potential increase in price of their underlying crypto holdings. Much like the traditional financial system, there are varying degrees of risk that come with different methods of earning passive income on bitcoin, ether, and a large number of other crypto assets.
Before seeking additional yields on your crypto assets, it's important to understand the risks associated with various areas of decentralized finance (DeFi) and centralized finance (CeFi). Let's take a closer look at three of the most popular ways crypto users are earning additional returns on their assets today.
Read the full post here: https://www.cryptovantage.com/news/best-ways-to-earn-passive-income-with-crypto-in-2022/
While the early days of bitcoin and cryptocurrency were dominated by traders looking to buy low and sell high, the crypto ecosystem has recently seen increased financialization and different ways in which users are able to earn passive income on their crypto holdings.
With developments such as staking and lending, crypto holders are now able to earn additional returns on top of the potential increase in price of their underlying crypto holdings. Much like the traditional financial system, there are varying degrees of risk that come with different methods of earning passive income on bitcoin, ether, and a large number of other crypto assets.
Before seeking additional yields on your crypto assets, it's important to understand the risks associated with various areas of decentralized finance (DeFi) and centralized finance (CeFi). Let's take a closer look at three of the most popular ways crypto users are earning additional returns on their assets today.
Read the full post here: https://www.cryptovantage.com/news/best-ways-to-earn-passive-income-with-crypto-in-2022/
Solana Suffers Another Outage to Start 2022, Is This a Trend?
Blockchain network Solana has experienced four outages in a short span of six months. Users couldn't use the network reliably at instances in September, December and twice in January. It's a bit jarring for users of the network — considering it's one of the hottest things in crypto right now.
Users are less than impressed, and competitors are looking to capitalize on those failures. Yes, fledgling blockchain projects are bound to have a few hitches but Solana needs to change tact — the stakes in crypto are high and there is always competition.
Read the full post here: https://www.cryptovantage.com/news/solana-suffers-another-outage-to-start-2022-is-this-a-trend/
Blockchain network Solana has experienced four outages in a short span of six months. Users couldn't use the network reliably at instances in September, December and twice in January. It's a bit jarring for users of the network — considering it's one of the hottest things in crypto right now.
Users are less than impressed, and competitors are looking to capitalize on those failures. Yes, fledgling blockchain projects are bound to have a few hitches but Solana needs to change tact — the stakes in crypto are high and there is always competition.
Read the full post here: https://www.cryptovantage.com/news/solana-suffers-another-outage-to-start-2022-is-this-a-trend/
Ask CryptoVantage: What Will Cryptocurrency Look Like In 2030?
Read the full post here: https://www.cryptovantage.com/news/ask-cryptovantage-what-will-cryptocurrency-look-like-in-2030/
Read the full post here: https://www.cryptovantage.com/news/ask-cryptovantage-what-will-cryptocurrency-look-like-in-2030/
Price Check: Cardano, FTM Post Gains with BTC Treading Water
Bitcoin is still holding onto the $40k threshold, with fairly strong support every time it starts to dip towards the low range of the mark. Despite its struggles, the king is actually in the green for the past week with a modest 1% gain.
It seems that because BTC was able to hold the line altcoins have taken it as a sign to make their own move, with a host of altcoins, such as Cardano and FTM, seeing significant gains over the past week, and the majority of assets in the red seeing small losses compared to last week.
Read the full post here: https://www.cryptovantage.com/news/price-check-cardano-ftm-post-gains-with-btc-treading-water/
Bitcoin is still holding onto the $40k threshold, with fairly strong support every time it starts to dip towards the low range of the mark. Despite its struggles, the king is actually in the green for the past week with a modest 1% gain.
It seems that because BTC was able to hold the line altcoins have taken it as a sign to make their own move, with a host of altcoins, such as Cardano and FTM, seeing significant gains over the past week, and the majority of assets in the red seeing small losses compared to last week.
Read the full post here: https://www.cryptovantage.com/news/price-check-cardano-ftm-post-gains-with-btc-treading-water/
The Market Might Be Bearish But Crypto Adoption Continues to Rise
The cryptocurrency market continues to teeter. With a combined total cap of some $2.12 trillion (as of writing), it has fallen in value by around 15% in just under a month, with a range of factors conspiring to keep prices down. However, while only those with an eye for smaller altcoins are currently making any money, there is at least some good news from which investors can take heart.
Survey data from 27 countries shows that cryptocurrency investment and ownership continues to rise, with a noticeable increase in ownership worldwide between October and December alone. This survey data also aligns nicely with a report published by Chainalysis in October, which again shows that the base of cryptocurrency owners globally is only growing in the shorter and longer term.
And the reason why such findings are important is that they show that, despite recent downturns, the foundations are being steadily laid for cryptocurrency ownership to become widespread in the future. And with crypto-friendly younger generations bound to replace older gens sooner or later, patient investors may one day find that their faith is eventually rewarded by mainstream demand for their holdings.
Read the full post here: https://www.cryptovantage.com/news/the-market-might-be-bearish-but-crypto-adoption-continues-to-rise/
The cryptocurrency market continues to teeter. With a combined total cap of some $2.12 trillion (as of writing), it has fallen in value by around 15% in just under a month, with a range of factors conspiring to keep prices down. However, while only those with an eye for smaller altcoins are currently making any money, there is at least some good news from which investors can take heart.
Survey data from 27 countries shows that cryptocurrency investment and ownership continues to rise, with a noticeable increase in ownership worldwide between October and December alone. This survey data also aligns nicely with a report published by Chainalysis in October, which again shows that the base of cryptocurrency owners globally is only growing in the shorter and longer term.
And the reason why such findings are important is that they show that, despite recent downturns, the foundations are being steadily laid for cryptocurrency ownership to become widespread in the future. And with crypto-friendly younger generations bound to replace older gens sooner or later, patient investors may one day find that their faith is eventually rewarded by mainstream demand for their holdings.
Read the full post here: https://www.cryptovantage.com/news/the-market-might-be-bearish-but-crypto-adoption-continues-to-rise/
The Crypto Rich List: Who Are Cryptocurrency’s Wealthiest Players?
Cryptocurrencies are often trumpeted as a means of “democratising the financial world,” insofar as no centralized bank or government directly controls their operation. However, there’s also little doubt that the cryptocurrency market and industry has resulted in enormous concentrations of wealth, with whales and exchange CEOs/founders now owning large quantities of bitcoin and other tokens (not to mention shares and cash).
Indeed, with the top 14,000 bitcoin addresses holding around 62% of all BTC in circulation, the accumulation of wealth facilitated by crypto also potentially facilitates the accumulation of power and influence (for better or for worse).
Read the full post here: https://www.cryptovantage.com/news/the-crypto-rich-list-who-are-cryptocurrencys-wealthiest-players/
Cryptocurrencies are often trumpeted as a means of “democratising the financial world,” insofar as no centralized bank or government directly controls their operation. However, there’s also little doubt that the cryptocurrency market and industry has resulted in enormous concentrations of wealth, with whales and exchange CEOs/founders now owning large quantities of bitcoin and other tokens (not to mention shares and cash).
Indeed, with the top 14,000 bitcoin addresses holding around 62% of all BTC in circulation, the accumulation of wealth facilitated by crypto also potentially facilitates the accumulation of power and influence (for better or for worse).
Read the full post here: https://www.cryptovantage.com/news/the-crypto-rich-list-who-are-cryptocurrencys-wealthiest-players/
What Are the Top 3 Things People Get Wrong About DOGE?
Dogecoin warrants special attention in the world of crypto. Blockchain technology alone is enough to wrap your head around. Now we have a dog meme coin that is billions of dollars in size, that technically is and might remain one of the world’s internet currencies.
Alas, there are some misconceptions about Dogecoin that need to be weeded out. What is Elon Musk's degree of involvement with DOGE, where did the DOGE meme come from, and what real utility is there to Dogecoin? Below you will find the answers so we can dispel DOGE’s more popular misconceptions.
Read the full post here: https://www.cryptovantage.com/news/what-are-the-top-3-things-people-get-wrong-about-doge/
Dogecoin warrants special attention in the world of crypto. Blockchain technology alone is enough to wrap your head around. Now we have a dog meme coin that is billions of dollars in size, that technically is and might remain one of the world’s internet currencies.
Alas, there are some misconceptions about Dogecoin that need to be weeded out. What is Elon Musk's degree of involvement with DOGE, where did the DOGE meme come from, and what real utility is there to Dogecoin? Below you will find the answers so we can dispel DOGE’s more popular misconceptions.
Read the full post here: https://www.cryptovantage.com/news/what-are-the-top-3-things-people-get-wrong-about-doge/
Why is the Supply of USDC and Tether Going Up in a Crypto Bear Market?
While declining cryptocurrency prices are already interesting enough (at least for journalists), there’s at least one other interesting aspect of the current bear market: the supply of stablecoins USDC and USDT (also known as Tether) has been increasing significantly.
This is interesting precisely because you’d think that, in a stagnant market, there’d be little appetite for additional USDC and USDT.
Read the full post here: https://www.cryptovantage.com/news/why-is-the-supply-of-usdc-and-tether-going-up-in-a-crypto-bear-market/
While declining cryptocurrency prices are already interesting enough (at least for journalists), there’s at least one other interesting aspect of the current bear market: the supply of stablecoins USDC and USDT (also known as Tether) has been increasing significantly.
This is interesting precisely because you’d think that, in a stagnant market, there’d be little appetite for additional USDC and USDT.
Read the full post here: https://www.cryptovantage.com/news/why-is-the-supply-of-usdc-and-tether-going-up-in-a-crypto-bear-market/
