Tesla CEO and cryptocurrency advocate Elon Musk once again caused a stir in the cryptocurrency world by naming his own “puppy” as CEO of Twitter in his bio on the social network.

The move led to a rise in the price of Dogecoin (DOGE) and Shiba Inu (SHIB), two cryptocurrencies that Musk has supported in the past.

DOGE, the meme-backed cryptocurrency, has seen a 10 % rise in value since Musk made the change to his Twitter bio. The coin has also seen an increase in trading volume, indicating increased interest in the cryptocurrency.

SHIB, a relatively new cryptocurrency that is also backed by memes, has experienced a 20 % increase in value in the last 24 hours. The rise comes after Musk tweeted a meme referencing cryptocurrency, leading to a spike in investor interest.

The increase in the prices of DOGE and SHIB generated an increase in media attention towards meme-backed cryptocurrencies. Meanwhile, and although many cryptocurrency experts have raised concerns about the lack of fundamental value behind these coins, the popularity of meme-backed cryptocurrencies seems to be on the rise.

K. Tovar

Source: Diariobitcoin

(Reference image source: Souvik Banerjee, Unsplash)

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La entrada Elon Musk appoints a “puppy” as Twitter CEO apareció primero en Bitfinance.

Tesla owner Elon Musk announced that his other company, SpaceX, will also start accepting payments with the Dogecoin cryptocurrency.

For several years, Musk has been a faithful follower of the digital asset, something that has not only remained in words but has also transferred it as a payment method to one of the most important vehicle companies today.

The tweets of the CEO of SpaceX have had a significant influence on the price of Dogecoin, since at that time, investors take advantage of the enthusiasm that is generated after this type of action.

Despite the latter, the company’s recent announcement did not show any type of impact on the value of the digital asset.

In December 2021, Doge gained 25 % after Musk confirmed that Tesla will accept this asset. Along with similar timeframes, the entrepreneur revealed his belief that Doge is a better daily payment option compared to Bitcoin.

K. Tovar

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Source: Cointelegraph

La entrada SpaceX will also have Dogecoin payments apareció primero en Bitfinance.

The neo-brokerage group Public.com, based in New York, announced that, in the coming days, it will be launching a feature on its platform that will allow its clients to transact with different cryptocurrencies.

The brokerage revealed that through the new function “users will have the possibility of trading and storing crypto assets in the same application used to manage their portfolios of stocks.”

Public.com’s new crypto asset trading service will provide support, in principle, for 10 digital currencies, among which are: Bitcoin (BTC), Ether (ETH) and Dogecoin (DOGE), Cardano (ADA), Litecoin (LTC) and Bitcoin Cash (BCH), Stellar (XLM), Zcash (ZEC), Ethereum Classic (ETC) and Dash (DASH).

The digital company will be offering the digital currency trading service in partnership with Apex Crypto, but since Apex Crypto does not have the business license or BitLicense to operate in New York, the product will not be available to residents of that state.

Apex Crypto would be responsible for providing users with the “execution and custody service for the new cryptocurrency trading product” from Public.com.”

Conquering new markets

The diversification of the products and services of the company Public.Com and its irruption in the crypto sector could be part of the business strategy to compete with the Robinhood stock trading platform.

Public like Robinhood would be offering commission-free stock trading. However Public.com’s strength is “an additional social media component that could take advantage of the emerging retail investment frenzy boosted by meme stocks.”

M.Rodríguez

Source: cointelegraph

La entrada Public.com to launch function to trade in cryptocurrencies apareció primero en Bitfinance.

The cryptocurrency Doge Coin (DOGE) is considered the strongest crypto, as a medium of exchange of all digital assets, according to Elon Musk and Mark Cuban agree.

In Cuban’s opinion, the Doge is cultivating a niche in the market, which generates a preponderance over other cryptocurrencies. “It is a means that can be used to acquire goods and services. The Doge community is the strongest when it comes to using it as a medium of exchange,” Mark Cuban expressed.

For his part, Elon Musk, CEO of Tesla, noted: “I’ve been saying this for a while,” which indicates an endorsement of Cuban’s words.

Cuban, who owns the NBA team Dallas Mavericks, explained to his 8.5 million followers on his social network Twitter, that his basketball team accepts payments in different cryptocurrencies, but most buyers decide to cancel with the crypto of memes Doge.

“I am not fooling Doge. I check the products and services of my companies. Where we allow people to pay in ANY crypto. But 95 % of the sales are made in Doge,” said Cuban. He acknowledges that during the negotiation they can talk about the different crypto but when the negotiation is finalized, people are paying with Doge.

Last May, the billionaire stated that Dogecoin required users and utility to maintain itself. “Meme coins like DOGE only work if they obtain utility and clients use them for that utility. As long as you can spend Doge, because we know that its annual inflation rate is set at 5 billion coins, you can gain some value as your profit grows,” emphasizes the businessman.

M. Rodríguez

Source: notiulti.com

La entrada Doge is considered the strongest crypto in the market apareció primero en Bitfinance.

During the last 12 months various cryptocurrencies have recorded gigantic profits and although 2021 is not over, it is already considered by many as the most important year in the history of digital assets, because cryptoeconomy is reaching historical maximums.

March 12, 2020, is remembered as the “Black Thursday” in the ecosystem due to the losses caused to the crypto assets of the world. However, after that date the market has experienced monumental growth, transforming 2021 in an amazing year for Bitcoin, Ether and many other digital assets.

Among the cryptocurrencies that have reached a greater growth during the last twelve months is, at first place, Game Stars (GST), which a year ago was valued at $ 0.40 and currently registers an increase of 41,882 %. It is followed by MIR (MIR) that was quoted at 3.73 dollars and has increased by 41.462% in one year.

Dogecoin (Doge) is in third place. It increased by 7.730 %, currently “each token is negotiated today at $ 0.283″, and is considered one of the most valuable digital currencies in terms of market capitalization.”

Other assets that register important dividends, in the last year, are Binance Coin (BNB) and Cardano (ADA). BNB registers an increase of 1,649 %, and ADA reports profits below 1,450%, during the year.

For its part, ETH registers a percentage equivalent to 630 % in its profits and according to the statistics occupies the fourth place. Finally, Bitcoin has experienced an increase in the order of 300 %.

M. Rodríguez.

Source: crypto247.com

La entrada The cryptoeconomy increased vertiginously in 2021 apareció primero en Bitfinance.