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Showing posts from February, 2023

Dogecoin: If You Invested $10,000 in 2020, How Rich Would You Be Now?

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Dogecoin was the talk of the town in 2020 after Tesla CEO Elon Musk announced that he invested in the meme currency. The cryptocurrency quickly breached the $0.01 mark and skyrocketed to an all-time high of $0.73 in five months. Early investors made millions during this period and changed their fortunes for the good. However, an investment made in DOGE during early 2020 would remain profitable in 2023 despite the market downturn in 2022. Also Read: Dogecoin Whale Moves 191 Million Tokens Worth $15.5M to Binance If You Invested $10,000 In Dogecoin in 2020, How Much Will You Make Today? Source: Pixabay Dogecoin was trading at $0.002 on Jan. 1, 2020, and investors could accumulate 5,000,000 (5 million) DOGE for $10,000. The meme coin quickly deleted a ‘zero’ and reached the $0.01 milestone the same week. If that wasn’t enough, it shot up to $0.73 in May, turning an investment of $10,000 into $3.6 million. All these phenomenal returns in just five months. Also Read:

Twitter Executive Esther Crawford Among Another 200 Layoffs Twitter Executive Esther Crawford Among Another 200 Layoffs

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The New York Times has reported that Twitter Executive Esther Crawford was among another 200 layoffs at the company. Crawford became well known for a photo that went viral in November showing her sleeping in the office to improve production. Specifically, Crawford was Twitter ’s director of product management at the platform. Moreover, she was the executive that oversaw the development and implementation of the Twitter Blue subscription service. The worst take you could have from watching me go all-in on Twitter 2.0 is that my optimism or hard work was a mistake. Those who jeer & mock are necessarily on the sidelines and not in the arena. I’m deeply proud of the team for building through so much noise & chaos. 💙 — Esther Crawford ✨ (@esthercrawford) February 27, 2023 Twitter Exec. Among Additional Firings Since Elon Musk took over the social media platform, layoffs have sadly become standard practice. Now, former Twitter executive Esther Crawford was among an

In a Bullish Market, Should You Be Optimistic About Optimism (OP)?

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Join Our Telegram channel to stay up to date on breaking news coverage In today’s markets, Optimism’s price is $2.96. Its 24-hour trading volume is $1.17B, with a market cap of $619.01M and a market dominance of 0.06%. Fear & greed index currently shows 51 (Neutral), and the Optimism price prediction sentiment is bullish. Out of a maximum supply of 4.29B OP, 214.75M OP are circulating. Optimism ranks #3 in the Layer 2 sector by market cap. A current ranking of the entire crypto ecosystem places OP at No. 76. Here is what our cryptocurrency experts are saying. Optimism (OP) Price Prediction Analysis As February 2023 closes, crypto experts expect an average OP price of $2.99 based on the price fluctuations of Optimism at the beginning of 2023. Its maximum and minimum prices can be estimated at $3.08 and $2.74, respectively.  Trading costs may be as low as $2.94 during March 2023, while they could reach a maximum of $3.20. Optimism should be worth $3.08 on average in the sa

Bitcoin price tumbles to 10-day lows as 'Notorious B.I.D.' keeps support at $22.5K

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Bitcoin bulls have little to celebrate as BTC price action retraces more hard-won February gains. Bitcoin (BTC) threatened to ditch $23,000 as support on Feb. 25 as an ongoing price correction strengthened into the weekend. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price support inches lower Data from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to make a decision on the fate of the $23,000 mark on the day. The pair had lost almost $1,000 on Feb. 24, ending the week in a limp position along with United States equities while the dollar gained. With “out-of-hours” trading now in place until Monday, chances for thinner liquidity to spark more pronounced moves heightened. Analyzing the state of the Binance order book, monitoring resource Material Indicators confirmed the continued existence of a major line of bid support informally known as the “Notorious B.I.D.” and “great wall.” Previously higher up, the owners of the liquidity had moved it lo

FIL Price Prediction: FIL Down by 4.59% – Buy Now Before Market Rallies

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Join Our Telegram channel to stay up to date on breaking news coverage Filecoin’s FIL saw a downtrend of 4.59% in the past 24 hours, along with the slump in the general crypto market. However, the crypto asset had been on a steady uptrend before the recent dip. While this happened in correlation with the broader crypto market slump of 1.67%, there is a high chance of the market rallying soon. Filecoin is a decentralized storage network established on the Interplanetary File Storage (IPFS) technology to address the issue of ineffective file retrieval and storage. With Filecoin, the world’s underutilized storage will be converted into a productive storage market. This is to assist users in paying for inexpensive storage and ensure that file storage is permanently distributed over the web. FIL, the platform’s native currency, is used to pay for transactions in the ecosystem as well as collateral for miners to ensure the quality of their work. Buy the Dip and Invest for Profit T

Microsoft Researchers Are Testing ChatGPT in Robots

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The OpenAI-developed chatbot has been a viral sensation and impressed users with its advanced capabilities. In a published paper, Microsoft Re search ers are testing ChatGPT technology in robots to essentially use the same program to control mechanical arms and even drones. ChatGPT is the generative AI program that has taken the tech world by storm since its launch a few months ago. Microsoft has already integrated the technology into its Bing search engine and is now seeing how far it can take it. JUST IN: Microsoft $MSFT is testing ChatGPT in robots. — Watcher.Guru (@WatcherGuru) February 23, 2023 Microsoft Studying ChatGPT-Powered Robots In a paper published this week, Microsoft re search ers have revealed they are testing ChatGPT in robots. Moreover, they are noting their desire to “extend the capabilities of chatGPT to robotics, ” in a variety of ways. The published post showcases this developing technology in action, with mechanical arms and drones provid

BIS Head: “Crypto Has Lost The Battle Against Fiat Currencies”

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Join Our Telegram channel to stay up to date on breaking news coverage Bank of International Settlements (BIS) head Agustin Carstens has said that cryptocurrencies have lost the “battle” against fiat currencies like the euro, pound, and yen issued by the various central banks across the world. BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Plannin… – https://t.co/EkExQZf65Q — CryptoNewswire 🌐 (@CryptoNewswire) February 22, 2023 The comments came during a Wednesday event at the Monetary Authority of Singapore, where the BIS executive insisted that stablecoins are not dependable as they lack the institutional structures and social conventions behind them. In an interview with Bloomberg after the event, Agustin Carstens, the general manager of the BIS, noted “the battle between fiat and crypto assets has been won,” insisting that technology alone does not qualify as “trusted money,” adding: Only the legal, hist

Whale Activity Surges in Cardano, Sandbox & Decentraland

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Cryptocurrency whales are making a beeline for leading altcoins such as Cardano (ADA), The Sandbox (SAND), and Decentraland (MANA). On-chain metrics and analytical firm Santiment highlighted the surge, saying that whales have shown “major interest” in Cardano this month. “Don’t mind the five-day anomaly gap in data for Cardano. Just take a look at what the asset has done since February. Clearly, a huge spike indicating some major interest from whales at this level, ” wrote Santiment. Also Read: VeChain Price Prediction: How High Can It Go In 2023? Source: Santiment However, despite the spike in whale activity, ADA has mostly remained on the back foot in February 2023. The cryptocurrency is trading sideways, with no spurt in price in the last two weeks. Also Read: Reddit Co-Founder Purchased 50,000 Ethereum in 2014 After Cardano, Cryptocurrency Whales Enter Sandbox & Decentraland Source: News.Bitcoin.com The leading metaverse altcoin The Sandbox saw a sudden surge

Bitcoin Network Difficulty Expected to See Largest Increase of the Year Amid High Hashrate, Shorter Block Times

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After a small decrease of 0.49% on Feb. 12, 2023, Bitcoin’s network difficulty is expected to experience a significant increase in three days on Feb. 24. Estimates indicate the difficulty could see the largest rise of the year, surpassing the 10.26% increase that occurred on Jan. 15 at block height 772,128. Next Bitcoin Difficulty Change Estimated to Jump 10.78% to 11.5% Higher In 2022, Bitcoin’s hashrate remained above the 200-exahash-per-second (EH/s) range. However, in 2023, 300 EH/s seems to be the new norm. According to statistics, over the last 2,016 blocks, Bitcoin’s hashrate has averaged around 310.5 EH/s. Additionally, bitcoin block times have ranged from 8 minutes and 55 seconds to 8 minutes and 68 seconds, which is faster than the 10-minute average. The high hashrate and quicker block times indicate a significant increase in difficulty, which is expected to occur on Feb. 24. Statistics indicate that the upcoming difficulty adjustment, scheduled for Friday, will be the la

NFTs will act as high-end property during boom cycles: Real Vision CEO

The former hedge fund manager suggested that top-tier NFTs essentially serve as status symbols, and should see significant upside during crypto boom cycles. Real Vision CEO and co-founder Raoul Pal believes nonfungible tokens (NFTs) will act similar to “high-end property” in the traditional economy, outperforming Ether (ETH) during crypto market boom cycles. In an hour-long YouTube video published on Feb. 20, the former JPMorgan executive offered a run-down of what he felt most bullish about when it came to NFTs, including key use cases for the asset class, its underlying tech, and its potential performance relative to Ether. Boom! Here you go... My deep dive thesis and understanding on NFT's, what they mean, where they are going and why they are important and more.. It's all Ive got right now but will evolve! I think it's a really important piece. Appreciate any feedback!https://t.co/JMOdBnmrxh — Raoul Pal (@RaoulGMI) February 20, 2023 Pal said just as “ high-end prope

A Huge Week for Baby Doge Swap Since the Burn Portal Launch

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It has undeniably been a huge week for Baby Doge Swap, as it had the launch of the highly anticipated and long-awaited burn portal. The portal launched this week, among what was a host of developments that marked a memorable stretch for the meme coin. Since its unveiling, the burn portal has seen almost $1 million $BABYDOGE being burned in less than a week. Moreover, the launch of the burn portal was accompanied by a Bitcoin special that was offering 0.01% trading fees on Bitcoin and BNB pairings over the weekend. Source: BSC News Baby Doge Swap Ends Memorable Week Baby Doge is a meme coin in the same ilk of iconic digital assets like Shiba Inu and Dogecoin. The cryptocurrency is available through decentralized exchanges and is only rising in value since its arrival. Moreover, aided by developments that have marked a memorable five-day stretch. Undoubtedly, it has been a huge week for Baby Doge Coin, a week that ended with the launch of the the highly anticipate burn portal