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Archive for January 2021

Dogecoin Explodes 1,100% in GameStop-Like Copycat Rally

Dogecoin (DOGE) underwent one of the quickest bull runs in the history of cryptocurrency markets, rising by more than 1,100 percent in just two days as a Reddit group “SatoshiStreetBets” called on ordinary traders to buy the meme-based token. Such DOGE, Much Wow! The frenzied trading catapulted Dogecoin’s market valuation to around $9.5 billion, making…

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Bitcoin Fractal That Crashed BTC/USD by 50% Flashes Again in 2021

Bitcoin is showing signs of replicating its trend from 2019 that crashed its prices by more than 50 percent. According to a fractal first spotted by TradingShot, an independent trade analytics firm, the flagship cryptocurrency’s downside correction move from its recently-established record high near $42,000 is very similar to its plunge in June 2019. That…

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Double Spend FUD Crashes Bitcoin Below $30,000; Return of Bear Trend?

Bitcoin crashed below $30,000 on Friday as traders panicked about a technical flaw that allows people to spend the same cryptocurrency unit twice. Google Trends for the keyword “Double Spend”—as the flaw is called—reached a perfect score of 100. This escalated quickly! #FUD #Bitcoin — Ciara Sun (@CiaraHuobi) January 22, 2021 According to BitMEX…

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An Overview of Modern Crypto Crowdfunding Mechanisms

Since 2013, the primary way new blockchain projects were funded was through a type of crowdfunding system known as an initial coin offering (ICO). In an ICO, early-stage blockchain projects would issue and sell tokens to investors, who usually get first access to these tokens — generally at the best available prices. As the project…

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