Monat: April 2022

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Here’s the reason why Dogecoin price has been surging in the last three weeks

The price of Dogecoin has risen by more than 36% over the last three weeks. As of March 13, DOGE was trading at $0.1116 compared to today’s price of $0.1525.

The bullish trend has continued into this week. The meme coin started the week on a 2% surge in the early hours of Monday morning before slightly pulling back in the rest of the day. Today, on Tuesday, its price had registered a 5.67% rise at the time of writing.

In this article, we shall focus on why the Dogecoin price is rising.

Why is Dogecoin (DOGE) price rallying?

Dogecoin has been in the limelight for a variety of reasons. However, one among them stands out and that is its association with SpaceX and Tesla founder, Elon Musk. Musk has been a major champion for the meme coin and one of his companies, Tesla, now accepts $DOGE as payment for its merchandise.

Yesterday, Monday, April 4, 2022, Elon Musk purchased 73, 486,938 Twitter shares worth about $3 billion making him the largest Twitter shareholder.

Prior to the move, Musk had criticized Twitter for transparency and freedom of speech issues.

The tweet criticizing Twitter had come after Elon performed a survey asking people whether they believed Twitter rigorously adheres to the principle of “Free speech is essential to a functioning democracy.”

$DOGE tips on Twitter

After Elon Musk purchased the Twitter Shares and became the largest shareholder in the company, the Twitter community went crazy with most people suggesting that people should expect Musk to introduce $DOGE tips on Twitter.

This notion by people that since Elon Musk owns Dogecoin and has now purchased Twitter, he may try and integrate the two has created a lot of attention for Dogecoin leading to an increased trading volume and a hike in its price.

Twitter venturing into dApps

Elon’s purchase comes at a time when the platform is venturing into decentralization. Last year in November, Twitter announced that it had launched a crypto dedicated team that will direct all its energy on Twitter venturing into the dApps space.

Tess Rinearson, Twitter Crypto leader, was given the responsibility of setting the strategy for the future of crypto on Twitter as the team works on exploring how to incorporate decentralized technology and its infrastructure.

All these developments come amid Crypto enthusiasts’ push for decentralized social media platforms.

A thought experiment penned by Orange Paper showed that if Bitcoin’s invention preceded that of Twitter, then Twitter’s evolution would have followed the path of crypto decentralization a long time ago.

The post Here’s the reason why Dogecoin price has been surging in the last three weeks appeared first on Coin Journal.

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Top places to buy COTI, which added 6% to its value

The live COTI price today is $0.32 with a 24-hour trading volume of $169 million. COTI is up 5.52% in the last 24 hours.

If you want to know what COTI is, can it give you good returns, and the top places to buy COTI, you’ve come to the right place.  

Top places to buy COTI now

As COTI is such a new asset, it’s yet to be listed on major exchanges. You can still purchase COTI using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy COTI right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for COTI

Now that you’re connected, you’ll be able to swap for 100s of coins including COTI.

What is COTI?

COTI bills itself as the first fintech enterprise-grade platform that allows organizations to digitize currency and create their own payment solutions in order to save time and money.

It’s one of the first protocols in the world that is optimized for decentralized payments and can be used by stablecoin issuers, governments, merchants, and payment dApps.

The first app is COTI Pay, marketing itself as a fully encompassing financial tool on the blockchain. COTI’s ecosystem is designed to rise to the challenges associated with conventional finance, including high fees, risk, latency, global inclusion and more.

To achieve this, COTI introduced the DAG-based protocol and fully private, fast, scalable, and inclusive infrastructure.

The ecosystem also has a universal payment gateway and solution and a proof-of-trust consensus algorithm.

Should I buy COTI today?

Coti can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt.

COTI price prediction

CryptoNewsz predicts COTI will trade for at least $0.40 next year, but it’s more likely to reach $0.48. In 2024, the minimum trading price is predicted to be $0.37. The maximum COTI can go up to is $0.53.   

COTI on social media

The post Top places to buy COTI, which added 6% to its value appeared first on Coin Journal.