All eyes were on Dogecoin as Elon Musk entered Twitter HQ ready to shake up the status quo.
The price of Dogecoin pumped 150% to hit $0.15 – before crashing back down to under $0.08. Dogecoin is still up from $0.06 where it was before the Twitter takeover. Evidently, thousands of Dogecoin investors are holding out on hopes that DOGE will play a major role in Twitter.
But how likely is that? And how much would it benefit Dogecoin long-term?
These questions are important for long-term investors. Especially as a new token – EverGrow – has built what looks like the crypto ecosystem the industry has been waiting for.
Read more about EverGrow here: https://evergrowegc.com/
EverGrow ecosystem ramps up burn rate by 5,750%
What would a true DeFi ecosystem look like?
EverGrow has just given a select group of investors an insight. EverGrow launched an NFT marketplace in September – LunaSky – and announced that 100% of revenue will be used to buy EverGrow and burn it from supply.
The burn started on November 9th. The burn so far has been a 5,750% increase on October and would put EverGrow on track to hit a price range of $0.0001 to $0.1 within the next decade. EverGrow is worth just $0.00000009 today.
That’s an ROI at least 110,000% – i.e. 100x any investment you make today.
The burn rate could get even faster in 2023 as EverGrow’s next application drops. Crator is a social media app and content subscription platform which lets users earn crypto for their great content. Crator will compete with OnlyFans and Patreon with its low commissions and instant payouts.
Read more about EverGrow here: https://evergrowegc.com/
EverGrow has paid $38 million in passive income
EverGrow also pays passive income. To understand how it works, we need to look at the EverGrow transaction tax of 14%:
- 8% is converted into Binance USD and paid to all holders – $38 million paid to date
- 2% is used to buy back and burn EverGrow – 5% of the circulating supply burned in the past 12 months
- 2% is used to fund the EGC/BNB liquidity pair on PancakeSwap
- 2% is used for ecosystem development
The tax is high. But the ecosystem more than makes up for it. Currently the revenue from LunaSky and Crator will be used to buyback and burn EverGrow – but at a future date the EverGrow boss and financial professional Sam Kelly has said the app revenue could be used 100% to reward users in BUSD.
A DeFi ecosystem where you earn from the everyday revenue?
That’s what EverGrow is offering as an alternative to wild price speculation over Dogecoin and Twitter.
Read more about EverGrow here: https://evergrowegc.com/
Will Twitter accept DOGE – how will it work?
Nothing is set in stone about Twitter and Dogecoin. The closest idea investors have is by looking at Tesla merchandise online, which can be paid for in Dogecoin.
Twitter could well do a similar thing. It could allow for payment of the Twitter Blue subscription for example in Dogecoin, or let people tip each other in Dogecoin. All other ideas about building Twitter on the Dogecoin blockchain and more have been discredited by Musk himself.
Which means, nothing is certain about Twitter helping Dogecoin long-term.
In fact – Binance invested $500 million into Musk’s takeover of Twitter. This makes Binance the fourth-largest investor and gives it sway over any crypto integrations into the platform. If any crypto were to be used on Twitter it’s far more likely to be BNB than Dogecoin.
This, as it happens, would be fantastic for EverGrow.
EverGrow has pulled its liquidity from centralised exchanges, so the only place to buy it is on PancakeSwap through a BNB/EGC liquidity pair. Any rise in the BNB price raises also the EverGrow price.
It’s a no brainer that EverGrow has both the ecosystem and the potential to beat Dogecoin on ROI in the next few years. Anyone buying EverGrow today will access the token before months of burning ramp the price up significantly – and other investors catch on.
Don’t miss out on the opportunity of the year!
Read more about EverGrow here: https://evergrowegc.com/
The post New token builds ROI ecosystem – will Twitter do same with Dogecoin? appeared first on Analytics Insight.
Biggest Movers: DOGE, LINK Fall To 10-Day Lows On Wednesday
Dogecoin fell to a ten-day low on Dec. 7, as the meme coin extended a recent decline, falling for a third consecutive session. Overall, cryptocurrency markets have been mostly bearish in today’s session, and are down 1.07% as of writing. Chainlink was another notable token to fall, and is currently trading by as much as 5% lower.
Dogecoin (DOGE) dropped to a ten-day low on Wednesday, with prices falling for a third straight session.
Following a high of $0.101 on Tuesday, DOGE/USD slipped to an intraday low of $0.09519 earlier in today’s session.
As a result of this, the meme coin fell to its lowest point since November 28, when prices hit a bottom of $0.0907.
Looking at the chart, it appears that DOGE bears are hoping to recapture this level, which is also a key support point.
This move comes as the 14-day relative strength index (RSI) was unable to stay above its own floor, at the 54.00 mark.
Currently, the index is tracking at 52.07, with its next visible point of support at the 49.25 level.
In addition to dogecoin, another notable token to fall in today’s session has been chainlink (LINK).
LINK/USD slipped to a bottom of $6.80 earlier in the day, which comes less than 24 hours after trading at a peak of $7.29.
Like with DOGE, today’s decline has pushed the world’s 20th-largest token to its lowest point since November 28.
On that occasion, prices hit a low of $6.53, which was marginally above a floor at the $6.50 point.
As of writing, it appears that traders are looking to take LINK back towards this level. This comes as the RSI nears a floor of its own.
The index is tracking at 46.89, which is close to the point of support at 45.00.
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Will chainlink fall below $6.50 this week? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons
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Secret Tip: Dogecoin, Big Eyes Coin, And Uniswap Will Skyrocket In 2023
Investors and analysts are constantly looking for profitable, reputable crypto projects to invest in. As the value of cryptocurrencies such as Dogecoin (DOGE), Uniswap (UNI), and others falls, analysts are flocking to viable alternatives such as Big Eyes Coin (BIG).
In this article, we’ll discuss why Dogecoin (DOGE) and Uniswap (UNI) coins are getting less attention, but Big Eyes Coin (BIG) is acquiring the trust and endorsement of major investors and analysts. Let’s get started right away!
All Hail The Almighty Dogecoin
Without a question, Dogecoin (DOGE) is one of the top cryptocurrency projects to invest in. It is the most popular and extensively used meme coin. Dogecoin’s (DOGE) value skyrocketed in 2021, propelling it into the top 20 cryptocurrencies by market capitalization.
The use of Scrypt technology distinguishes Dogecoin’s proof-of-work approach from that of Bitcoin. Dogecoin (DOGE) likewise has a one-minute block time and an infinite supply, allowing it to be mined eternally. Dogecoin mining can be done on its own or as part of a mining pool.
Dogecoin (DOGE) ranks tenth at the time of writing. It distinguishes itself from other meme tokens by having a vibrant community that trades with Dogecoin (DOGE) and utilizes it as a tipping currency for content on social media. Interestingly, Elon Musk, the world’s richest man and CEO of Tesla, is a proponent of Dogecoin (DOGE). Musk’s continuous tweets encouraging Dogecoin (DOGE) have had a significant impact on the cryptocurrency’s rise.
As a result, Dogecoin (DOGE) currently has more than 3 million Twitter followers. It also has cheaper transaction costs than most cryptocurrency projects on the market.
Uniswap: The Key To Ethereum
Uniswap (UNI) is a key decentralized project that allows buyers and sellers to trade and exchange Ethereum-based assets in a trustless environment. Uniswap (UNI) was developed to eliminate the monopoly imposed by major decentralized exchanges while also providing liquidity to businesses.
Users can simply trade ERC-20 assets using the Uniswap (UNI) protocol, and there is no centralized government to prohibit transactions or block payments. Because it is an open-source initiative, Uniswap (UNI) remains secure and private. This implies that the underlying code is open to criticism and revision by the development community.
The platform also allows users and developers to acquire funds via liquidity pools that exist on the network. They also profit when they contribute funds to a liquidity pool. The Uniswap (UNI) protocol’s functional token, UNI, can be exchanged on various exchanges.
The most significant aspect is that Uniswap is a fully recognized community-driven protocol. The Uniswap token was designed by the project developers to act as the governance currency in the protocol’s DAO. Token holders can participate in community proposals, allocate funds from the community treasury, and provide feedback on the network’s overall functioning.
Big Eyes Coin: A 5% Charity Wallet Dedicated To Charity
Big Eyes Coin (BIG) is the upcoming currency on the Ethereum (ETH) Blockchain, and this amusing initiative intends to steer the flow of capital into the world of Decentralized Finance. Big Eyes Coin (BIG) intends to accomplish this by developing a platform with different revenue streams.
The Big Eyes Coin (BIG) platform will be available to all blockchain users. The Big Eyes Coin (BIG) ecosystem will accommodate traders, digital creators, and even programmers. BIG, the project’s native token, will be formally introduced soon, but users can acquire as many as they like while the coin is still in the presale stage.
Big Eyes Coin (BIG) will offer its consumers fantastic features such as no transaction taxes and no fees. The network will be centered on its user community, which will be committed to charity.
Big Eyes Coin’s charitable commitment will be visible in its Visible Charity Wallet, which will hold 5% of the total token supply and will be distributed to organizations active in ocean rehabilitation efforts.
There is no question that the Big Eyes Coin (BIG) platform is on its approach to conquering the market’s top meme coins.
Big Eyes Coin is giving users an additional 5% worth of tokens with the code: BCUTE350
For More Information On Big Eyes Coin (BIG) :
Join Pre-sale: https://buy.bigeyes.space/
Yield 100x Returns During Christmas Season With Dogecoin, Shiba Inu, And Big Eyes Coin.
The Christmas season has become revered within the cryptocurrency industry as a time for brief bull runs and pumps over the last few years. The reason for this can be attributed to several factors. Nonetheless, it is a period when crypto investors can yield massive returns with the right crypto investment.
For struggling investors within the cryptocurrency industry, the upcoming Christmas period will undoubtedly serve as an opportunity to boost portfolios and generate profits. Since the bear market is still in full swing, this opportunity may not present itself again and, as such, should be taken full advantage of.
This piece discusses three cryptocurrencies that could make fantastic additions to any investor’s portfolio during the festivities. Here’s why you should invest in Big Eyes Coin (BIG), Dogecoin (DOGE), and Shiba Inu (SHIB).
Dogecoin: Inspiring A New Wave Of Cryptocurrencies
Dogecoin (DOGE) is an industry-leading cryptocurrency within the industry notable for several impressive qualities, such as low transaction costs, fast transaction speeds, performance levels, and scalability.
However, the most remarkable thing Dogecoin (DOGE) is notable for is inspiring a new wave of cryptocurrencies within the cryptocurrency industry. This new category of cryptos is known as meme coins and is renowned for being based on or inspired by popular Internet memes and events. They are also known for possessing massive utility, a feature that is attractive during perilous situations such as the ongoing bear market.
A top ten cryptocurrency by market cap and the leading pioneer of the meme coin revolution, Dogecoin (DOGE) stock is listed on several prominent crypto platforms within the industry, such as Binance, Coinbase, and Huobi Global.
Shiba Inu: More Than Just Hype
Shiba Inu (SHIB) is the second-largest meme coin by market cap and a leading pioneer of the meme coin movement. Recently, meme coins have come under increased scrutiny within the cryptocurrency industry for not possessing use cases or real-life applications. However, meme coins like Shiba Inu (SHIB) are proving that rhetoric is false. The token plays an integral role in a crypto project that seeks to foster decentralized community building, interaction, and collaboration.
It also supports and facilitates several operations within the Shiba Inu ecosystem, such as network governance, user interaction, and payment fees. Shiba Inu (SHIB) stock is listed on several top crypto platforms within the industry, such as Binance and Coinbase.
Big Eyes Coin (BIG)
For a while now, the upcoming Ethereum (ETH) based meme coin, Big Eyes Coin (BIG), has dominated the headlines of crypto news for several reasons. The token immediately became the subject of excitement and anticipation within the cryptocurrency industry fee announcing its presale. Since then, it has successfully raised over $11 million and is on course to smash the $20 million mark set by its team.
Big Eyes Coin (BIG) boasts several attractive features, particularly a lack of transaction taxes. This makes the token ideal for various crypto operations within the industry. As the bear market rages on, Big Eyes Coin (BIG) could be a valuable investment that yields massive returns for investors.
Use the code for a BIG bonus: BCUTE623
For more information on Big Eyes Coin:
The post Yield 100x Returns During Christmas Season With Dogecoin, Shiba Inu, and Big Eyes Coin. appeared first on Analytics Insight.
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