Schlagwort: crypto business

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Best ways to buy Dogecoin: it’s on fire after Elon Musk bought Twitter

Dogecoin (DOGE) has shot up by more than 99% in the past seven days, a move fuelled by Elon Musk’s acquisition of Twitter.

The first time Musk made the offer to purchase Twitter, Dogecoin took off to the moon. However, the bullish momentum later died out after Elon Musk started showing signs of backtracking on his bid to acquire the social media giant on claims of fake accounts.

Now that Musk has completed the acquisition at $54.20 a share, investors believe Dogecoin could be on the verge of reclaiming its 2021 highs.

To assist investors who want to buy Dogecoin, Coinjournal has created a brief guide on the best ways to buy a meme coin.

To find out more, please continue reading.

Best places to buy Dogecoin (DOGE) from

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy DOGE with eToro today

What is Dogecoin (DOGE)?

Dogecoin (DOGE) is a meme coin that is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. It was the first dog-themed cryptocurrency to be launched after which the likes of Shiba Inu (SHIB) were launched.

Dogecoin was actually created from a hard fork of Litecoin in December 2013 by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia.

Dogecoin’s founders foresaw it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience since it was based on a dog meme. Tesla and SpaceX CEO Elon Musk has fallen for the meme coin and he regularly tweets about it and he has also included it as a payment option for Tesla merchandise.

Should I buy $DOGE today?

If you are looking to invest in a cryptocurrency that is on a bullish trajectory then Dogecoin could be a good choice.

Nevertheless, you should be aware of the fact that the cryptocurrency market is extremely volatile especially now that there are a lot of external factors affecting the crypto market.

Dogecoin price prediction

With Elon Musk finally acquiring Twitter, all eyes are on whether the multi-billionaire will propose the use of DOGE on Twitter.

Although it might take some time for the coin to go back to its 2021 highs, investors believe at the current momentum it could surge above $0.2 by mid-November. However, it could end up even going higher if Elon comments anything to do with the coin.

$DOGE social media trends

The post Best ways to buy Dogecoin: it’s on fire after Elon Musk bought Twitter appeared first on CoinJournal.

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DBS trials digital Singapore dollar with government vouchers

  • DBS Bank’s pilot will involve 1000 consumers and six merchants.
  • It’s part of the Project Orchid, an effort aimed at laying the technological infrastructure needed for the rollout of a digital Singapore dollar.

Singapore’s DBS, the leading lender across Southeast Asia, has introduced the country’s first Singapore dollar (SGD)-based programmable money pilot for real-world transactions.

In an announcement on Monday, 31 October 2022, DBS Bank said it would be partnering with the Open Government Products (OGP) to trial purpose-bound money-based vouchers. 

The PBM vouchers, according to the banking giant, will use tokenised Singapore dollars to enable real-world programmable money transactions with merchants.

DBS pilot part of digital Singapore dollar project

The pilot program is part of Project Orchid, an effort that’s aimed at developing the technological infrastructure key to the launch of a programmable digital Singapore dollar (DSGD). 

The Monetary Authority of Singapore (MAS) leads the Project Orchid effort, which brings together government and major payments and financial industry players.

According to Shee Tse Koon, Singapore Country Head of DBS, the pilot is a demonstration of the feasibility of programmable money and its potential benefits to the payments system – including in fostering efficiency, trust and inclusivity.

“This solution could help businesses and NGOs leapfrog into the future of money. ‘Purpose bound money’ will be immensely transformative especially when governments, businesses and individuals come together with a collective vision to adopt the use of digital money on inter-connected networks to realise a fully transparent and efficient global financial infrastructure for payments,” Koon added.

The transactions leverages the blockchain, with DBS-issued DSGD used to create the PBM vouchers. The program also relies on OGP-powered smart contract capabilities, allowing for issuance and self-executed distribution to designated recipients.

Success for the pilot could see the use of tokenised SGD rolled out to the benefit of thousands of small businesses. DBS believes more than 28,000 coffee shops, hawker centres and restaurants within Singapore will benefit.

The pilot kicked off on 27 October 2022, and will involve six merchants and up to 1,000 consumers. DBS expects the trial to run for four weeks.

The post DBS trials digital Singapore dollar with government vouchers appeared first on CoinJournal.

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Web 3 platform SWALLOW launches to bring tattoos to the metaverse

  • SWALLOW is a new digital platform that’s looking to onboard tattoo artists and fans into the metaverse.
  • The Enjinstarter-backed platform went live with over 25 partners and 100+ tattoo artists.

SWALLOW, the Web3 platform backed by blockchain-based gaming and entertainment launchpad Enjinstarter, has officially launched.

Per a press release the SWALLOW team shared, the project seeks to bring the tattoo community, from top tattoo artists to their fans and enthusiasts, to the metaverse.

The new platform will make it easy for tattoo artists to leverage Web3 technology to grow their global reach, with enthusiasts getting the best of the tattoo world for their avatars and skins.

SWALLOW aims to bring the real-world tattoo community to Web3

With this launch, metaverse-goers and the broader blockchain gaming community have a platform where they can represent themselves via tattoos and skins accessed from leading artists across the space.

The tattoo artists industry will also benefit from this by getting an avenue to expand their reach beyond their physical studios, with digital assets, Web3 and NFTs making it possible to achieve more visibility through scalable, cutting-edge technology.

Apart from becoming a hub for everything tattoos in the metaverse, SWALLOW also opens up the real-world tattoo community to the financial benefits of the new digital frontier.

According to an announcement from SWALLOW, more than 100 tattoo artists are already signed as part of the community, including Aaron Dellla Vedova whose customers include podcaster Joe Rogan. Others are Instagram star erek Turcotte and Sullen Clothing founder Ryan Smith.

SWALLOW has also partnered with more than 25 companies in the arts, entertainment and gaming sectors. These include Heavy Metal Magazine, Another1, and Polygon-based platform Bloktopia.

According to the SWALLOW roadmap, future developments includes the launch of SWALLOWnet Marketplace, staking rewards, and Genesis NFT mint. There’s also a SWOL  initial DEX offering (IDO) and SWOL staking planned for Q1, 2023.

The post Web 3 platform SWALLOW launches to bring tattoos to the metaverse appeared first on CoinJournal.

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CHZ rallies by 12% today after ChilizX added Fan Token Logos

CHZ is the best performer amongst the top 100 cryptocurrencies by market cap after adding more than 12% to its value today.

The cryptocurrency market is starting the week in a negative fashion. The total crypto market cap stands at $1 trillion, down by more than 1% in the last 24 hours.

CHZ, the native token of the Chiliz ecosystem, is up by more than 12% in the last 24 hours, making it the best performer amongst the top 100 cryptocurrencies by market cap.

CHZ’s rally comes after ChilizX, the recently revamped Chiliz exchange, announced that it had added Fan Token Logos to the Chiliz𝐗 web. This means that users can now find all available Fan Tokens faster and enjoy the improved user interface.

Bitcoin, the world’s leading cryptocurrency by market cap, continues to trade above $20k per coin despite losing more than 1% of its value today.

Ether has also maintained its price above the $1,500 psychological level and has lost more than 2% of its value in the last 24 hours.

Key levels to watch

The CHZ/USD 4-hour chart is bullish, as Chiliz has been performing well over the last 24 hours. The technical indicators show that Chiliz is outperforming the broader cryptocurrency market.

CHZ/USD Chart By TradingView

The MACD line is above the neutral zone, indicating that Chiliz is currently in a bullish mode. CHZ has added more than 24% to its value over the last seven days.

The 14-day relative strength index of 68 shows that CHZ could be heading to the overbought region if it can sustain its current momentum. 

At press time, CHZ is trading at $0.22243 per coin. If the bullish trend continues, CHZ could surge past the first major resistance level at $0.2448 before the end of the day.

With the support of the broader cryptocurrency market, CHZ could move past the second major resistance level at $0.2659 for the first time since September. 

Where to buy Chiliz now

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

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Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy CHZ with Capital.com today

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Has Cosmos ATOM finally found a bullish footing?

Cosmos ATOM/USD has climbed 2% in the past day to consolidate weekly gains at 17% as cryptocurrencies recover. ATOM currently trades at $13, with a market valuation of over $3 billion. Equally, Cosmos has registered significant activities as daily trading volumes rose 63% to $628 million.

A broader outlook shows that the interoperability token is 59% lower year-to-date. While it is a significant sell-off, it is lower compared to the drop in the overall crypto valuation. The overall market cap is at $990 billion from a peak of $3 trillion.

Cosmos aims for blockchain scalability and connectivity through a unified network called the ‘Internet of Blockchains.’ The platform’s use case in enabling independent blockchain share data is seeing a rising interest among blockchains. This month alone, Cosmos added 17 new projects, with the weekly active users rising to more than 85,000 as of October 17.

Supporting the fast expansion of Cosmos is the ability to create a blockchain from scratch, with Cosmos IBC. The interoperability protocol is based on a proof of stake consensus and Byzantine Fault-Tolerant. Technically, ATOM is on bullish momentum, but the indicators show some weakness.

Cosmos surges from support as momentum wanes

Source – TradingView

ATOM moved from $11 to $13 within seven days, pushing it to the upper band of the Bollinger Bands. The trend means the digital asset may be due for a pullback. The view is complemented by the Stochastic Oscillator, which currently shows ATOM at the overbought zone. If the two technical indicators hold, the token could retest the $11 support level.

Concluding thoughts

Although ATOM has turned in positive gains, the token may be due for a correction and is not yet a buy. The technical indicators are pointing towards a potential pullback, at least in the short term. 

For the long-term outlook, Cosmos fundamentals in interoperability place the network in a strategic position. However, the overall crypto market sentiment is a factor to consider.

Where to buy ATOM

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy ATOM with eToro today

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy ATOM with Skilling today

The post Has Cosmos ATOM finally found a bullish footing? appeared first on CoinJournal.