CryptoBlog n.769
Dogecoin’s (DOGE) Price Crashes Despite Reclaiming Top 10 Ranking By Market Capitalization Elon “The Dogefather” Musk’s endorsement of Dogecoin (DOGE) nearly a year and a half ago on the Saturday Night Live show seems to not have paid dividends, as data shows that the the top meme coin’s market value has plunged by more than 75% since then. Despite the success of the Mr. Musk’s recent ‘Twitter Whistleblower’ campaign, it seems that The Dogefather’s constant support of the DOGE Army has barely had any effect on Dogecoin’s (DOGE) market price. Interestingly, according to data metrics by Revondo, Dogecoin (DOGE) is likely to hit $0.05975 in the next 24 hours. How Much Does the Market Price of DOGE Influence Adoption Speed? In spite of the ‘Crypto Fear & Greed Index‘ once again pointing to sentiment of Extreme Fear, with a rating of 21, some crypto enthusiasts on Twitter argue that Dogecoin’s (DOGE) price doesn’t always reflect the reality of its situation. Indeed Dogecoin (DOGE) has gone through a great deal of technical upgrades, including the C-Library update and the upcoming Layer-2 solution. Dogecoin (DOGE) developers even joined forces with Blue Pepper for a year-end release. Meanwhile, Dogechain, an unofficial Layer-2 solution for the DOGE Army, has gained in popularity, with over $300M in Dogecoin (DOGE) being bridged through the solution, even despite DOGE Founder Billy Markus, a.k.a Shibetoshi Nakamoto, turning down a luscious $13 million advertising offer from Dogechain. At press time, Elon Musk’s beloved Dogecoin (DOGE) trades at $0.056380, putting it firmly in the red at an 8.4% deficit for the past 24 hours. Moreover, the remorseless bears have left the popular canine coin staring down losses of 11.2% loss over the last 7 days. Dogecoin (DOGE) Regains 10th Position Amid Brutal Bear Market Despite falling below its favorable support line of $0.06, the dog-themed cryptocurrency won back 10th place in the crypto rankings by total market capitalization. Polkadot (DOT), one of the OG cryptos established in 2016 by former Ethereum (ETH) Co-Founder Gawin Wood, had previously overtaken Dogecoin (DOGE) on August 8th, 2022. The news comes just days after Dogecoin (DOGE) became one of the largest Proof of Work (PoW) cryptocurrencies, second only to market leader Bitcoin (BTC). At press time, Dogecoin’s (DOGE) total market cap stands at $7,497,499,427, according to CoinGecko. Nevertheless, Polkadot (DOT) is still on DOGE’s heels with a market cap of $7,133,416,278, and climbing higher up in the crypto rankings will be no easy task for Dogecoin (DOGE), as both Cardano (ADA) & Solana (SOL), holding the 8th and 9th positions respectively, lead the popular meme coin by more than $3 million. Market Cap: Bitcoin: $354.13 Bn Ethereum: $159.54 Bn Tether: $67.93 Bn USD Coin: $50.17 Bn BNB: $41.916 Bn Binance USD: $20.528 Bn XRP: $17.321 Bn Cardano: $14.916 Bn Solana: $10.982 Bn Dogecoin: $7.4984 Bn — Hourly Crypto Prices September 19, 2022 Why You Should Care DOGE Army is one of the largest communities in the crypto world, boasting support from various celebrities including Mark Cuban, Snoop Dogg, Lil Yachty, Ice Cube, Mia Khalifa and more.
CryptoBlog n.768
The Tour and Autograph, the web3 brand co-founded by Tom Brady and that counts Woods as a board adviser, announced a deal through 2027 to create a NFT platform and allow fans to own a token of its history. The Tour will work with Autograph to create a digital collectibles platform that pulls from Tour competition video, data, imagery and other competition-related components. Golf fans will have the opportunity to own and collect NFTs featuring the best Tour golfers as well as some of their favorite moments from the archives and the current season. Additionally, collectors will have a chance to earn rewards, including access to exclusive digital, in-person and onsite experiences. The Tour’s exclusive NFT Digital Collectibles platform with Autograph will launch in early 2023.
CryptoBlog n.767
KuCoin Labs, the investment and incubation arm of the KuCoin ecosystem, has officially announced its co-incubation with Republic Capital in BidShop.io, a startup that creates additional liquidity streams for NFT holders. BidShop.io introduces game theory factors into the traditional NFT auction process, which has the effect of creating additional liquidity streams above floor price for holders of non-fungible tokens. On the buyer side of the equation, the solution also allows bidders to acquire rare NFTs at a fraction of the price. In the future, KuCoin Labs will further explore potential and diversified collaborations with BidShop.io to vastly improve the NFT ecosystem.
CryptoBlog n.766
Storytelling NFTs are the latest trend within the industry’s Twitter community. In the past day alone, it seems that it’s all that people are talking about. In fact, there are hundreds of Tweets simply reading: “Storytelling NFTs.” with no other context. Put simply; Storytelling NFTs are a way for community members to become involved in the creative aspects of their communities. Now, they can write the story or narrative behind an NFT collection, many of which have the possibility of becoming published work if it is a success.