Tag: Cryptocurrency (Page 1 of 3)

These Powerful Cryptocurrencies Have Crazy Predictions

Cryptocurrencies List Price Predictions
Cryptocurrencies With High Price Predictions

If you’re new to the crypto world, I’m going to provide you with a list of cryptocurrencies to watch.

Cryptocurrency has earned early investors millions and even billions of dollars in ROI.

You might be thinking, is it too late to buy crypto? The short answer is absolutely not.

And if you’re not invested in crypto yet, I’m going to leave a link at the end of this article of my step by step guide on how to buy cryptocurrencies.

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Welcome to Franknez.com – if you’re part of the Patreon you’ve seen when I add a cryptocurrency to my crypto portfolio. Today I want to talk cryptocurrencies and why these powerful assets will keep on surging.

Let’s get started!

Now, a lot of you might be familiar with Dogecoin, Bitcoin, and Ethereum.

These are some of the most popular cryptocurrencies out there.

Just recently Shiba Inu Coin began trending as well.

These so called ‘speculative’ plays have earned investors gains unlike anything else in the markets.

These are only some powerful crypto plays that are nowhere near done growing primarily because of their communities!

#1. Ethereum (ETH)

Ethereum Cryptocurrencies
cryptocurrency list – Ethereum prediction – cryptocurrencies futures

Shark Tank star and Dallas Mavericks owner Mark Cuban just said, “as an investment, I think Ethereum has the most upside.”

And he’s not the only one who speculates ETH is in it’s infant stage either.

But before I continue, this article won’t be about the technical side of the cryptocurrencies themselves but rather a worldview of the crypto’s upside as an investment.

How high are analysts predicting Ethereum to go?

In a recent Forbes article, a panel of crypto experts including Sagi Bakshi and Lex Sokolin predict that ETH could rise as high as $19,842 by 2025 and that by the end of 2022 it could be the most widely transacted cryptocurrency due to its expanding utility in the marketplace”, via Crunchbase.

At the publication date of this article, ETH cryptocurrency is trading close to $3.1k.

Joe McCann, an angel investor and crypto margin trader believes the Ethereum could even reach as high as $50,000.

Ethereum developer and supporter, Anthony Sassano believes ETH can go even higher. Giving it a $150,000 prediction by 2023.

Community, this is insane. In a very very good way.

If we’ve learned anything from AMC and GameStop, it’s that investor sentiment is what drives the markets.

And the crypto community is one of the most bullish investing communities out there.

#2. Bitcoin (BTC)

Bitcoin crypto list - cryptocurrency list
Crypto List – Bitcoin price prediction – cryptocurrencies futures

Bitcoin is probably one of the most if not the most popular cryptocurrencies in the crypto space.

This revolutionary crypto broke the perception of what people ever imagined could become a reality.

To think BTC traded only a few cents during its inception to now trading over $43.8K is astonishing to say the least.

If you’re on the Patreon, you know I bought the dip a few times when Bitcoin was trading around $32k-$38k back in June and July.

Most analysts see Bitcoin reaching $100k per BTC.

In a Forbes panel, the average came to $107K with 1/3 saying Bitcoin will reach more than $120,000.

Capital.com analyst, Mikhail Karkhalev predicts Bitcoin will reach $170,000 by the end of 2022 or early 2023.

CNBC asked Chamath, an early Facebook investor and venture capitalist, how high he thinks Bitcoin will continue to soar earlier this year.

Listen to Chamath’s response below.

Chamath Bitcoin Price Predictions – cryptocurrencies futures

“Where is it going? It’s probably going to 100, then 150, then 200 thousand”.

Chamath was one of the first people to invest in Bitcoin a decade ago.

You might be thinking, “is it too late for me to invest in Bitcoin?”

The truth is it’s not.

See, crypto exchanges allow you to purchase fractions of Bitcoin or any other cryptocurrency.

As cryptocurrencies go up, your investment will go up, even if you’ve only put $100 in the market.

However, for significant ROI you’ll want to have quite a significant amount of money invested.

#3. Cardano (ADA)

Cardano Crypto list
Crypto List – Cardano – cryptocurrencies futures

Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson.

It’s ties to the Ethereum co-founder have made it a very popular crypto to buy, especially at it’s incredibly low price.

Cardano is currently trading around $1.18 and traded at $0.02 during its inception.

The trader sentiment is extremely strong with more than 99% of investors currently buying this cryptocurrency.

Analysts want to see this coin reach a new all-time high of $4.

Price predictions for ADA vary:

WalletInvestor predicts Cardano cryptocurrency to reach over $14 by the year 2026. However, they predict Cardano to reach $4.50 in one year.

Based on this prediction, buying today could double your profits in one year from now and multiply it by seven in five years.

ADA is a long-term crypto investment. I’m bullish.

#4. Dogecoin (DOGE)

Dogecoin cryptocurrency list
Cryptocurrencies List – Dogecoin – Cryptocurrencies futures

Dogecoin has to be the biggest meme cryptocurrencies in the market. I would consider DOGE to be one of the riskiest too.

Primarily because of the edge other coins have. Other cryptocurrencies are trying to solve real-world problems where as Dogecoin is a community meme.

However, it’s this community that’s allowed DOGE to be an extremely successful cryptocurrency this year.

It has gained a whopping 9000% just from one year alone.

Just like AMC and GameStop show us, communities are everything. Communities have power and I believe that Dogecoin will continue to surge as long as its community of retail investors want it to.

Dogecoin is currently trading around $0.17 and peaked at $0.74 back in May earlier this year.

You might know Mark Cuban and Elon Musk for being two massive supporters of the DOGE community.

Being in the AMC community, I’m very proud of communities and tip my hat to DOGE for what it’s created.

CryptoNewz predicts Dogecoin hover above $1.07 in the year 2022.

Based on this prediction, you could multiply your money by 4 in the short-term.

#5. (What Do You Think?)

What other cryptocurrency or cryptocurrencies at that, should be on this list?

Do you hold any of these on this list? What’s your favorite coin? Let’s have a discussion. Leave a comment below!

Honorable mentions

  1. XRP (XRP)
  2. Shiba Inu Coin (SHIBA)
  3. Tether (USDT)
  4. Binance Coin (BNB)
  5. Polkadot (DOT)
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Read: How To Invest In Crypto | Read: Learn How to Buy Uniswap


Here’s Why You Shouldn’t Sleep on Shiba Inu Coin

Here's why you shouldn't sleep on Shiba Inu Coin
Shiba Inu News – SHIB coin – Shiboshi – Should you buy Shiba Inu coin?

Shiba Inu Coin is up more than 57 million percent this year.

The cryptocurrency has become one of the most popular cryptos since its rise to 9300.

It’s made the top 10 list of most popular cryptocurrencies and continues to gain mass attention from the crypto community.

However, SHIB has been falling for two months straight since its runup.

Should you buy Shiba Inu coin now or wait for more dip?

franknez.com

Welcome to Franknez.com – today I want to touch topic on a beloved cryptocurrency that continues to stand out and innovate.

Let’s get started!

Shiba Inu Innovation

One of the biggest reasons you’d invest in a cryptocurrency is whether the crypto is innovating or not.

While Shiba Inu Coin might have started as a meme, it has many plans for the future that make it an attractive long-term investment for current SHIB holders.

Let’s start with some of the most recent SHIBA news.

Shiba Inu Games

Shiba Inu Games Playside Studios
Shiba Inu News – Shiba Inu Games

SHIB has announced that they are finalizing paperwork with a triple A studio (AAA Studio) to create both mobile gaming and metaverse gaming, via. Shytoshi Kusama.

And although they can’t say much, they mention that this AAA Studio has worked with the likes of Disney and Warner Bros., so you know this is going to be quality work.

In fact, the studio just launched its Twitter account this month of December.

PlaySide Studios will be the AAA Studio working on this project.

Joining the Shiba Inu team is game industry veteran, William Volk.

William Volk was the former Vice President of Tech for Activision.

“I am honored to be working with an amazing team on what will become one of the most significant games of all time”, says William.

The first game the SHIB team will be developing is called Shiboshi and will be primarily for mobile.

The Launch of SHI Stablecoin

The next launch for Shiba Inu is SHI, a stablecoin expected to launch after the Shibarium project has gone live.

Shibarium is a layer 2 solution that essentially speeds up transaction processing and reduces gas fees, making it a better more updated platform.

According to Ryoshi, SHI is meant to be a global stable currency that is used both as a store of value and method of payment.

There is currently no set date for the release of this project, however, we know that the stablecoin will start at $0.01.

Shiba Inu Coin Now Accepted as Payment

shiba inu coin payment
Shiboshi – Shiba Inu Coin Payments – Shib Coin – Should you buy Shiba Inu coin?

Shiba Inu Coin is now being accepted in more places than ever before.

SHIB has now been accepted as a form of payment via BitPay which is going to allow a ton of merchants to accept the crypto.

This type of attention draws more investors towards buying the cryptocurrency.

We’ve also seen AMC Entertainment recently announce their acceptance of Shiba Inu Coin too.

Read: The most innovating things happening with AMC today

And with Shiba Inu Coin now trading on Kraken, it’s only a matter of time before larger trading platforms such as Robinhood begin trading the cryptocurrency.

SHIB has gone mainstream and is no longer considered to be a meme token by some.

The value this crypto is providing in projects to several communities is astonishing.

Shiboshis (Shiba Inu NFTs)

Shiboshis NFTs
Shiba Inu NFTs – Shiboshi – should you buy Shiba Inu coin?

Shiboshis are another one of Shiba Inu Coin’s innovative projects in the NFT realm.

The NFT community is changing the way we transact value, product, and services.

If you don’t know how massive NFTs are becoming or how they’re changing today’s world, you have to bookmark this article here.

While NFTs may be highly profitable investments, they’re more about community.

And it’s this community that exposes the world to SHIB and will continue to increase its value as a cryptocurrency.

Should You Buy Shiba Inu Coin?

should you buy shiba inu coin
Shiba Inu News – Should you buy it? – Shiboshi – Shib Coin

SHIB is too affordable for anyone to not put something into it.

You don’t have to make an incredibly large contribution.

But if you’re betting on innovation and a growing community like I am, then it is certainly a buy.

Some of my readers got in on SHIB before the runup when I sent out the email via my newsletter and made a lot of money trading it.

Many continue to hold it for its long-term potential.

This cryptocurrency doesn’t have to move up very much to make investors a lot of money.

Look at it this way – many people will become millionaires when SHIB hits one penny.

Yeah, it’s that affordable right now.

Regardless of investor opinion, you cannot deny SHIB knows how to provide value to a number of growing and innovating communities.

Are You Invested in Shiba Inu Coin?

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If you’re holding Shiba Inu Coin in your portfolio, leave a comment below.

I’m curious, how many of you are holding more than 1 million SHIB?

And if you’re not invested in SHIBA yet, read my guide on how to invest in cryptocurrency for beginners, or simply open your account with Coinbase  to begin today.

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October 24, 2021 Topic Discussion with FrankNez – Shiboshi – Shib Coin

What Are NFTs And How Will They Change The World?

What are NFTS - NFTS explained
What Are NFTs? NFTs explained

If you haven’t heard of NFTs yet, you will.

This technology is a little mind boggling in the sense that it’s so simple yet revolutionary.

NFTs are going to change the way we transmit data and connect with one another.

The NFT community is growing now quicker than ever.

franknez.com NFT

Welcome to Franknez.com – today I want to discuss what an NFT is and why this technology is growing so quickly.

Lets get started!

What Are NFTs?

NFTs, also known as non-fungible tokens, are a unit of data stored in blockchain technology.

This data is usually stored in a piece of artwork containing exclusive access and prizes for holders.

If you’re familiar with Gary Vaynerchuck, his startup VeeFriends is actually a collection of his personal NFTs.

Gary has built an NFT community where buyers gain exclusive access to VeeCon, a multi-day conference focused on business, marketing, creativity, entrepreneurship, and a lot more.

What Are NFTs Used For?

NFTs are tokens that may grant access to exclusive content, future products, prizes, or events.

Each NFT, depending on how the seller uses it, can unlock different levels of membership access. This is why NFTs are usually so expensive.

How Are NFTs Going To Change The World?

NFTs are cutting out the middle-man.

You can now sell NFTs directly without distributing tickets to your audience or community.

Business owners and entrepreneurs will be the ones to take advantage of this blockchain technology.

NFTs are also going to allow content creators to connect with the community and sell tokens for exclusive content and build a one of a kind art from that specific content creator.

These artworks are designed so that you cannot copy or duplicate them. They were originally created to protect or copyright artists’ work.

This means only one person could own the original, or a few people could own part of a scarce collection from that artist or content creator.

NFTs are changing our world by how we communicate with one another and transmit information.

For consumers, it can be a great way to keep something very personal and special from your favorite content creators.

How Do You Buy NFTs?

Because NFTs are Ethereum-based tokens, most marketplaces only accept ETH as a form of payment.

And if you have never purchased crypto before, check out this article on how to open your account through a crypto exchange.

Here you’ll be able to purchase Bitcoin, Ethereum, ADA, Doge, and other cryptocurrencies.

OpenSea is the world’s first and largest NFT marketplace.

How to buy NFTs
How To Buy NFTs

Anyone can create and buy NFTs here, even if you’re not a content creator or have any knowledge in blockchain tech.

Can NFTs Go Up In Value?

If you’re a collector, then you’re more than likely building a portfolio that may go up in value over the course of a few months to a few years.

NFTs certainly have the potential to go up in value depending on who the creator is.

You just never know how far this certain content creator will go or who they will impact society one day.

Buying an NFT from their younger selves today could prove to be a rare piece of art in the future.

Related: CEO announces second AMC NFT for all shareholders

Will NFTs Become Mainstream?

My personal take is they will.

The NFT community is growing every day and as more content creators find ways to provide more value to their communities, NFTs will continue to be a source of exclusivity and connection.

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Read: How to invest in Bitcoin cryptocurrency for beginners


Will ApeCoin Continue to Skyrocket in Value?

Will ApeCoin continue to go up in value?
You can now buy ApeCoin with Coinbase – Will ApeCoin keep going up?

Should you get in on ApeCoin or stay the hell away from it!?

ApeCoin was made available to retail investors on Wednesday, March 16th.

The cryptocurrency comes from a partnership between The Bored Ape Yacht Club and a decentralized company, ApeCoin DAO.

The new cryptocurrency has gained the attention of the retail community primarily invested in NFTs and crypto.

But stocks, crypto, NFTs, that’s what the new generation is all about.

ApeCoin started at $1 per token and is currently trading over $14!

Will the cryptocurrency continue to go up in value?

Let’s talk about it.

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What is ApeCoin?

ApeCoin is a cryptocurrency deriving from the Ethereum blockchain launched by the Bored Ape Yacht Club (BAYC).

If you don’t know who BAYC is chances are you might have seen their popular NFTs online at some point.

They depict creative and stylish bored apes that sell tremendously high on the market!

Below is a gallery of their work.

Bored Ape Yacht Club NFTS

The company Yuga Labs is the creator of both the Bored Ape Yacht Club and now ApeCoin.

ApeCoin is owned and operated by the ApeCoin DAO, a decentralized organization where each token holder gets to vote on governance and use of the Ecosystem Fund.

What is the purpose of ApeCoin?

ApeCoin ($APE) is a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3.

The cryptocurrency is essentially creating a token for members of its community to further enrich its NFT culture.

Will Yuga Labs’ new cryptocurrency have the same ‘status’ as Bored Ape Yacht Club NFTs do?

It’s certainly possible, but I’d love to hear your thoughts on this in the comment section at the end of the article.

The project is looking to create value within the blockchain culture, which has many possibilities that are still to this date unknown.

Just like when the internet was new, this new culture of blockchain technology is going to change the world.

Crypto, NFTs, and everything that we currently know in the space is just the beginning.

Where can you buy ApeCoin?

Buy ApeCoin with Coinbase
Buy ApeCoin with Coinbase

You can buy ApeCoin through a crypto exchange such as:

  • Coinbase
  • Gemini
  • CoinMarketCap
  • Binance
  • Kraken
  • FTX

Something curious happened when the new cryptocurrency launched, it was available on every major crypto exchange.

The crypto is still fairly new and I anticipate as it continues to gain more attention, more retail investors will take a position.

How many ApeCoin tokens are in circulation?

ApeCoin circulation - ApeCoin supply
Will ApeCoin keep going up?

ApeCoin has a total max supply of 1 billion tokens and 277.5 million are currently in circulation, which equivalates to only 28% of the total supply.

ApeCoin’s total max supply is less than Cardano (ADA, 45b), Ripple (XRP, 100b), and Algorand (ALGO, 10b).

While the new cryptocurrencies circulating supply is relatively low compared to its max supply, investors must be aware that developers may increase the circulating supply at any moment.

Increasing the supply (like any other cryptocurrency) would lower the price of ApeCoin.

The cryptocurrency is still a highly speculative play and investors should always due extensive research to identify and estimate whether the cryptocurrency will continue to go up in value.

Open an account with Coinbase

Interesting facts about ApeCoin

Will Ape Coin go up

The creators of ApeCoin distributed the cryptocurrency for free to every Bored Ape Yacht Club holder.

For each Bored Ape you own, you’re entitled to 10,094 $APE.

That’s equivalent to $150,000 today.

So far, around 110 million APE tokens have been claimed by NFT holders.

Yuga Labs is getting 150 million APE, 10 million of which (“or equal value”) will go to the Jane Goodall Legacy Foundation.

140 million $APE will go to the companies and people that helped initiate the project.

The 80 million $APE going to its founders of Yuga Labs will be locked for the first 12 months so holders cannot cash out and tank the price.

So, is APE worth buying and holding for a year?

Let me know what you think in the comment section below.

How is ApeCoin being used?

Benji Bananas
Will Ape Coin go up

A mobile game called Benji Bananas, developed by Animoca Brands (whose co-founder, Yat Siu, is on the board of the Ape Foundation), is adopting ApeCoin as a kind of in-game currency. 

For 25 ApeCoins, you can buy a Benji Bananas Membership Pass, which lets you earn “special tokens” in-game.

Those tokens can then be swapped for actual ApeCoins.

So far, this is the only utility of APE as it’s relatively new.

ApeCoin is part of the Bored Ape Yacht Club’s ecosystem and I expect a lot more utility will be offered in the future as we enter the metaverse and blockchain technology becomes more familiar.

What we do know is that APE will be used to access merchandise, events, and services later on.

How much is $APE worth?

At the time of this article, ApeCoin is currently trading in the market for $23.85.

Its current market cap is $7.1B with a typical hold time of 25 days according to Coinbase.

An improvement from earlier this March as seen below.

APE Market Stats – Will Ape Coin go up?

If retail investors decide to go long on APE then we can expect the typical hold time to increase.

ApeCoin is up more than 2,300% since its inception and has gained a lot of popularity across multiple crypto exchanges.

The $12-$13 price range seemed to be a foundation for APE although the cryptocurrency has begun to set new ATHs.

Granted, it’s only been two months, but I’d love to know your thoughts on how high this crypto asset can go.

Open an account with Coinbase

Is ApeCoin a buy?

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It’s definitely worth keeping an eye out on it.

What are your thoughts on APE?

Are you buying the new cryptocurrency or are you giving it time and keeping an eye out on more crypto news?

Join my newsletter for updates.

Leave a comment below with your thoughts and ideas on what’s coming next with $APE.

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Ape Coin – should you buy in or not? Will Ape Coin go up?

What is the difference between Bitcoin and Ripple?

Bitcoin VS Ripple
Bitcoin vs Ripple – Difference between Bitcoin and Ripple (XRP)

Published by FrankNez team.

Before diving deep into the possible differences between Bitcoin and Ripple, we want to make sure that you get familiar with the concept of cryptocurrencies.

A cryptocurrency is a digital currency asset that works on a decentralized transaction model most of the time.

Today, the concept of crypto-based assets is skyrocketing, giving a solid hint that this is the future of global transactions.

Ripple: A brief note

Ripple

The whole concept behind the launch of Ripple and its current working model is quite different from the rest of such platforms and units.

The main goal of Ripple is to improve the current banking channels.

This is done by unifying and streamlining them under the Ripple umbrella.

To promote this concept, Ripple also launched its very own crypto coin, the XRP.

According to global statistics, XRP is easily included in one of the top crypto assets and coins.

This is because of the fast transaction model of the XRP and the already financial streamlining dynamics of the Ripple platform.

Bitcoin: A brief note

Bitcoin

You don’t need to be a crypto enthusiast to be aware of Bitcoin.

The hype for cryptocurrencies started back when Bitcoin hit some solid figures.

That’s when most experts started to believe that digital assets and currencies are the future.

Bitcoin is a completely decentralized currency.

In other words, there is no bank or a certain administrator that controls Bitcoin.

The user is the main authority within Bitcoin-based transactions.

You can send bitcoin to any user around the globe in an instant without any facilitating party in between.

You can buy Bitcoin in Dubai without any hassle.

It’s safe and secure through local exchanges as the currency adaption is being widespread.

Ripple vs. Bitcoin: The best option

Regarding usability and global access models, both Bitcoin and XRP are different.

Bitcoin is decentralized, with the main focus on the user transaction models. If we take a look at the transaction timeline of Bitcoin alone, it takes several minutes the processing.

On the other hand, XRP is a crypto coin of the Ripple platform.

Being a sole transaction facilitating platform, you can process a transaction through the Ripple channel in seconds.

This also includes large-scale transactions, which usually require days to process through regular banking channels.

What does the future hold?

The future of crypto-based models is very bright, and all the experts have a consensus on this.

Countries like UAE showing interest in the domain and opening their doors for trading is a clear symbol.

But the future is quite specific based on the models of Bitcoin and Ripple.

Bitcoin is a cryptocurrency.

It will always remain in the limelight for its huge market cap and fascinating story of being the crypto coin that started the era of crypto.

On the other hand, Ripple is more goal-oriented.

The platform is progressing to increase the TPS rates even for large-scale transactions.

Making the right investment

The investment you will be making depends upon you.

One is a cryptocurrency, and the other is a blockchain-based financial transactions model.

Whichever suits you to invest in will be the best one in your interest in the long term.

But before investing, there are two factors you need to keep in mind—first, the possible market cap of the digital assets.

And second, the plans that are outlined for the asset.

If you are clear in these two domains regarding a specific asset, you are good to go and invest in it.

Final Note

Bitcoin changed the world, and Ripple is changing the world.

We think that’s the best way of describing the always ongoing comparison of Bitcoin and Ripple.

Read: List of 4 best crypto exchanges for beginners

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Former Citi Executives Have Now Formed a Crypto Hedge Fund

Citi executives crypto hedge fund
Former Citibank executives form crypto hedge fund, Motus Capital Management

A trio of former Citigroup executives who left the bank in March have formed Motus Capital Management, a crypto hedge fund.

The firm says it wants to make it easier for high-net worth individuals to bet on cryptocurrencies.

Alex Kriete, Greg Girasole and Frank Cavallo are seeking to raise $100 million for a pair of actively managed hedge funds that will focus on digital assets, the three said via Bloomberg.

Kriete says clients are having difficulty identifying what’s “scammy” vs “real investment opportunities.”

I know retail investors are going to have a lot of opinions on this.

Let’s break it down some more.

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Who are the crypto hedge fund trio?

Citi executives start crypto hedge fund
Former Citi executives start crypto hedge fund

Kriete and Girasole left Citigroup less than a year after being picked to oversee a new digital-assets group inside the Wall Street giant’s wealth-management division.

Before that, Kriete managed $3 billion and Girasole $5 billion for Citigroup private-bank clients.

Cavallo was most recently an investment counselor at Citigroup, where he oversaw $8 billion of assets and held roles inside the firm’s cross-asset sales and trading division according to Bloomberg.

All three are investing their wealth in Motus Capital Management.

This is one of the first crypto hedge funds to emerge in the crypto space.

And where there’s a hedge fund, we already know there are bets towards the downside.

Motus Capital Management to offer growth and income funds

Motus Capital Management
Motus Capital Management

The crypto hedge fund says it plans to offer clients growth and income funds.

The growth fund will focus on investing in tokens with smaller market capitalizations that larger funds find it harder to invest in, Cavallo said. 

“We think we hit the sweet spot,” he said. “With assets like Bitcoin and ETH, clients can do that on their own. They don’t need to pay someone to buy Bitcoin.”

Crypto hedge funds are relatively new and only have about $3.8 billion in assets under management globally according to a report by PwC.

Less than half of all crypto hedge funds have assets under management of more than $20 million, PwC found.

I expect this side of the industry to exponentially grow this decade.

Citadel’s Ken Griffin said he would provide crypto opportunities to his clients if the asset class became strictly regulated.

Crypto is taking over the new world as businesses such as AMC Entertainment and Tesla transition towards accepting cryptocurrency as a form of payment.

Do you think hedge funds should enter the crypto space?

Former Citi executives start crypto hedge fund

Who’s to say the SEC won’t begin to establish regulations to attribute to hedge funds over retail investors?

Similar to the stock market.

Investors are going to want to keep a close eye on the development of such regulations and ensure the crypto market’s integrity doesn’t get broken.

The crypto market, though a highly speculative market, has been accurately based on supply and demand unlike the stock market where many institutions have blatant power over retail investors.

Let me know in the comment section below if you’d like me to cover topics regarding crypto regulation.

And if you do, also be sure to join the newsletter to get email notifications and updates on new articles.

Read: How to invest in cryptocurrency for beginners

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Official: You Can Now Trade Shiba Inu Coin on Robinhood

Robinhood Lists Shiba Inu Coin
Shiba Inu Coin is now on Robinhood

Robinhood has officially listed Shiba Inu Coin on its crypto trading platform.

The SHIB army has been waiting for Robinhood to list Shiba Inu Coin for months now.

Shiba Inu Coin was one of four new cryptocurrencies Robinhood listed on its platform Tuesday.

SHIB, Solana, Polygon, and COMP joined the meme stock halter’s platform on Tuesday.

What does this mean for Shiba Inu Coin moving forward?

Let’s break it down together.

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Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.

Let’s dive right into it!

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SHIB rises on Robinhood listing

Robinhood Shiba Inu Coin
Shiba Inu Coin News Today Robinhood

SHIB rose nearly 7% when it became available on Robinhood’s crypto trading platform.

Shiba Inu Coin is the second ‘meme’ coin to be listed on Robinhood, Dogecoin being the first.

COMP jumped 6.6%, MATIC 3.5%, and SOL 2%.

SHIB became popular when the cryptocurrency skyrocketed back in late October of 2021.

The cryptocurrency is up more than +20,000% for those who bought SHIB exactly one year from today.

Shiba Inu Coin ate a zero on its second biggest climb last year and never looked back.

The SHIB army anticipates Shiba Inu Coin will eat another zero or two this year.

Now that you can trade Shiba Inu Coin on Robinhood, cryptocurrency investors speculate more traders will buy SHIB on the platform.

What caused SHIB to run last year and will it run again?

Big buying pressure and a lot of momentum.

Unlike the stock market, the crypto market runs actually caters more to a supply and demand market.

Now that SHIB has become mainstream in a sense, more traders are going to begin to discover it.

While SHIB doesn’t have any real-world value, the developers are working on multiple projects for the community.

One being Shiba Inu Games and several NFT projects.

Will SHIB run again this year?

There’s no doubt Shiba Inu Coin will continue to eat zeros as retail piles in before the ‘meme’ token reaches $0.01.

SHIB is currently trading at $0.000027 and is up 9.98% on the weekly chart.

Can SHIB reach $1 per token?

Shiba Inu Coin News Today Robinhood – Can SHIB reach $1?

In order for SHIB to reach $1 per token its market cap would need to be in the trillions.

Having this come to fruition would be quite difficult.

However, because this cryptocurrency is still relatively new, investors have a chance at becoming profitable in the long-term as the market cap increases and new traders buy in.

Many of my readers were able to profit from the run back in October when I sent out a newsletter advising the token was looking very bullish.

If you’re on my Patreon, you saw I purchased the cryptocurrency a few days before it skyrocketed.

SHIB has been consolidating extremely well in the 20s which mean it’s found a new foundation.

If you missed the first and second run, this could prove to be a great entry point.

We’ve also seen that SHIB’s typical holding time has drastically increased to 112 days meaning investors are holding this cryptocurrency.

And it’s not difficult to see why.

The room for growth is massive.

Are you holding more than 1 million SHIB?

Robinhood Shiba Inu Coin - Shiba inu coin robinhood
Shiba Inu Coin Robinhood – Robinhood Lists Shiba Inu Coin – Shiba Inu Coin News Today Robinhood

If you’re holding more than 1 million SHIB leave a comment below.

What is your personal Shiba Inu Coin price target and where would $0.01 put you at?

If you’re not a fan of Robinhood but would like to purchase SHIB, I recommend buying the token on Coinbase.

How long have you been holding SHIB?

Let’s start a discussion below.

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Is a Declaration of Cryptocurrency Required in Canada?

Cryptocurrency Tax in Canada
Crypto tax Canada – CRA – Cryptocurrency Tax in Canada

Published by FrankNez Team.

Cryptocurrency transactions are taxed by the Canada Revenue Agency (CRA). So, the declaration of cryptocurrency transactions is required by the law.

Cryptocurrency is a relatively new concept that needs tax rules to ensure Canadians correctly understand how to comply with their tax duties. In 2014, the Senate examined cryptocurrency taxation and proposed steps to assist Canadians in understanding how to file their taxes correctly.

In this article, we will know if you need to declare your cryptocurrency and its income to the CRA.

But first, let us talk about what the Canada Revenue Agency or CRA is!

What Is the Canada Revenue Agency (CRA)?

CRA Canada Revenue Agency

The Canada Revenue Agency (CRA) is a federal agency charged with collecting taxes and enforcing tax regulations on behalf of the Canadian government and several of Canada’s provinces and territories.

Additionally, the CRA administers many social and economic benefit and incentive programs via the tax system and international trade regulations.

The Canada Revenue Agency (CRA) is Canada’s counterpart of the Internal Revenue Service (IRS) of the United States.

The CRA was initially known as the Canada Customs and Revenue Agency (CCRA) until 2003, when the agency’s customs and revenue operations were divided into two distinct entities.

This body is the authoritative source of information on current Canadian tax laws and their interpretation and application. It’s responsible for collecting taxes from Canadians and supervising the social services financed by tax funds.

The CRA is responsible for administering several taxes, including personal income tax, trust income tax, company income tax, excise tax, and partnership income taxes.

Crypto Mining

Crypto mining is earning digital money by resolving complex computer problems. However, to solve this sort of problem, a lot of processing power is needed, which might lead to high electricity bills.

Mining for personal or non-commercial reasons can be considered a non-taxable pastime by the CRA. However, commercial or business-related mining should be recorded as income.

Also, you will need an e-wallet to store and trade your cryptocurrencies. Several cryptocurrency platforms like Coinsmart, Binance, and Bitbuy are available in Canada.

Some of them are regulated like these Canadian platforms. These platforms will also help keep track of your crypto expenses for taxation purposes.

CRA Taxes on Cryptocurrency Transaction

CRA Taxes

Bitcoin prices increased significantly in 2021, prompting many Canadians to invest in Bitcoin and other cryptocurrencies. And experts predict it can increase more by the end of 2022.

While cryptocurrencies such as Bitcoin are not considered legal tender in Canada, they do not relieve users from Canadian tax duties.

In Canada, cryptocurrency is seen as a commodity. This implies that any profits or losses derived from the purchase and sale of Bitcoin or other cryptocurrencies are taxed.

Moreover, you are taxed when you use cryptocurrency in the real world. So, for example, when you sell it or use it to make a purchase, it will be considered a taxable transaction. 

Therefore, if you acquired cryptocurrency and did not use it, you will not be required to pay taxes. But you should still keep track of your transactions if you use cryptocurrency as it then becomes taxable.

Declaration of Cryptocurrency to CRA

Declaration of cryptocurrency to CRA

Cryptocurrencies are taxed similarly to traditional income. As a result, you must declare your cryptocurrency with the CRA.

Profits and losses from the purchase and sale of cryptocurrencies must be recorded on a tax return as part of income. Because governments do not issue cryptocurrencies, they are classified as commodities by the Canada Revenue Agency (CRA).

Utilizing cryptocurrencies to pay for products or services is considered a barter transaction. Therefore, it is subject to the Income Tax Act’s barter restrictions.

Bitcoin and other cryptocurrencies are included in a transaction’s taxable income. Therefore, the transaction must be reported for federal tax reasons.

Taxes on Buying and Selling Cryptocurrency 

Cryptocurrencies, like any other investment, are subject to taxation. 50% of the profits are added to your taxable income for the year.

For instance, if you purchased cryptocurrencies worth $1,000 and sold them for $1,500, you have earned $500. Thus, 50 percent of that sum ($250) would be added to and taxed as part of your yearly income.

If you use bitcoin to acquire another cryptocurrency, such as Ethereum or Dogecoin, the transaction will be similar to selling Bitcoin. You will have to report the amount of the transaction on your income tax return.

Tax on Gifting Cryptocurrency

tax on gifting cryptocurrency

Property disposal occurs when an object or commodity is given or sold at a lower price than its purchase price. For example, a contribution or gift of cryptocurrency falls under this category.

The cryptocurrency will be evaluated according to its current market value at contribution. Therefore, disclosing any gain or loss on the asset’s sale is necessary.

So let us say the gift is given to an authorized recipient, such as a registered charity. If this is the case, the recipient will provide you with a tax receipt.

The cryptocurrency’s fair market value at the time of the transfer will determine the value of the gift for tax purposes.

CRA and Tax Avoidance

CRA Tax Avoidance

It is illegal to fail to register and report any cryptocurrency-related transaction. As a result, the Canadian Revenue Agency (CRA) aggressively pursues non-compliance with reporting cryptocurrency trading profits to guarantee a fair tax system.

Creating an account on a cryptocurrency platform necessitates providing personal information. The Canada Revenue Agency (CRA) detects tax avoidance schemes because they have access to it and verify data with other sources.

Consequences of Not Reporting Crypto Earnings

Assume you fail to submit crypto earnings to the CRA. In that case, the agency will treat this as if you did not record any other income. This will violate the law, which the CRA would treat as tax avoidance. When the CRA discovers this, you will be liable for a fine.

In Canada, the penalty for tax evasion can be up to twice the tax intended to be avoided and imprisonment. However, it is essential to remember that the CRA is more concerned with collecting owed money than putting someone in prison.

Your unpaid tax will be combined with interest and penalties on top of any evasion penalty you will be forced to pay.

Conclusion

The most important thing to remember is that Canadians are subject to tax on their cryptocurrency income. This is a relatively new form of taxes, and it may change. 

Consult a tax professional who specializes in cryptocurrency taxation. The simplest method to guarantee your taxes are done correctly is to hire a professional. Before investing in cryptocurrencies, knowing how your transactions will be taxed is a good idea.

Exchange Crypto With Coinbase!

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Understanding Crypto: A Simple Guide

Understanding crypto
Crypto for beginners – Understanding crypto – A simple crypto guide

Published by FrankNez Team

There’s no denying that cryptocurrencies have had unmatched popularity over the past few years. As of February 2022, there are about 10,000 different cryptocurrencies in circulation, and this number is growing at an unprecedented pace.

You can check out the article about best cryptocurrency exchanges.

Such pace has further fueled the growth and development of blockchain technology, with projections suggesting the international blockchain market will reach a value of $23.3 billion by the end of 2023.

Despite this growing prevalence and popularity of cryptocurrencies, widespread confusion still remains associated with them.

Are you someone with a similar confusion too? Let’s take this opportunity to better understand cryptocurrencies and what they are all about.

Read: List of 4 Best Crypto Exchanges for Beginners

What Are Cryptocurrencies?

what are cryptocurrencies?
Understanding crypto – what are cryptocurrencies? Crypto guide

Cryptocurrencies are decentralized digital money based on blockchain technology and secured by cryptography. Three primary terminologies make cryptocurrencies what they are. These terminologies include decentralization, blockchain, and cryptography.

Decentralized money is very different from fiat currencies backed by governing authorities such as banks and governments. With cryptocurrencies, there is no authority to take responsibility for the ups and downs in the prices of cryptocurrencies. This enables people to carry out their transactions based on cryptographic evidence instead of trust. 

Blockchain is a digital ledger with distributed access among authorized users. This technology is used to record transactions associated with assets, which is cryptocurrency. Blockchain offers unrivaled transparency about all the information regarding crypto transactions. This recorded information cannot be tampered with or modified even by the administrators, making it one of the most secure ledgers.

Cryptography is a process of using encryption technologies to protect data from unauthorized access. The defining characteristics of cryptocurrencies, such as immutability and privacy, are the result of cryptography.  

Cryptocurrencies were initially introduced in 2009 in the form of Bitcoins. The currency was created by a group of individuals who go by the pseudonym of Satoshi Nakamoto. However, even after its successful launch, it would take years before Bitcoin gained formal recognition and the prominence it boasts today.

How Does Cryptocurrency Work?

Crypto for beginners – Understanding crypto – Crypto guide

As mentioned earlier, cryptocurrencies are not regulated or backed by any authority. Therefore, this works outside the conventional banking system. So, let’s get a better understanding of the working principles of cryptocurrencies.

Mining

Mining is a digital process where one can generate cryptocurrencies by solving complex mathematical puzzles. One will require potent and specially equipped commuting systems to solve these puzzles and get Bitcoins in exchange. This process is very complex, and it can even take thirty days for one to complete the process ideally.

Buying, Selling, And Storing Cryptocurrencies

Fortunately, one does not have to deal with the complexities of mining to get their hands on cryptocurrencies. The more straightforward way to get cryptocurrencies is to purchase them from crypto exchanges or other platforms.

Once bought, cryptocurrencies can be stored in digital wallets, which can be either hot or cold wallets. The hot ones are connected to the internet, while the cold wallets are safer as they are not connected to the internet.  

Investing Or Transacting

Transferring your cryptocurrencies from one digital wallet to the other is very simple. All you will need is a smartphone and access to the internet to transfer your cryptocurrencies. There are also many platforms where you can exchange your cryptocurrencies with fiat currencies. Other than that, you can also get crypto debit cards to withdraw cash, just as you do in an ATM. Aside from that, an increasing number of businesses are accepting cryptocurrency payments.

Crypto payment getaways, such as Coingate, provide secure crypto storage and transactions, making your financial life with cryptocurrencies safe, fast, and more convenient.

Coinbase
Open an account with Coinbase – Crypto for beginners

Everybody is aware of the growing popularity of cryptocurrencies, and there are many factors fueling that factor. These factors include the low transaction fees, as crypto transactions are much cheaper than conventional transactions.

Other than that, the enhanced control and security offered by cryptocurrencies as a single private is the only way to access the cryptocurrencies. This is much appreciated by crypto users who have been battered by the uncontrollable ups and downs of the conventional financial market.

However, the most crucial factor behind the growing popularity of cryptocurrencies is the profit potential. Many people have made great fortunes through crypto investments making it an appealing investment.  

Conclusion: Should I Invest in Cryptocurrency?

Crypto for beginners – A simple crypto guide – understanding crypto

Cryptocurrencies come with numerous advantages making them a safe investment for many. However, they also have their fair share of disadvantages. A couple of qualities shared cryptocurrencies, such as their decentralized nature, unmatched privacy, and security. In addition, the limited and regulated supply of cryptocurrencies makes them a profitable investment.

However, one must not get carried away with these qualities because investment in cryptocurrencies also comes with risks. The highly volatile nature of these currencies makes it very challenging to predict their future value accurately.

Given these factors, it is always best if investors weigh the pros and cons and take calculated risks to invest in cryptocurrencies. Calculated risks can increase the chances of making a profit on your investment. 

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Read: How to invest in cryptocurrency step-by-step for beginners


Everything You Need To Know About Dogecoin Crypto

Not investing in crypto yet? Bookmark this article to learn how!

Dogecoin
Dogecoin

Dogecoin has taken the internet by a storm. This cryptocurrency keeps increasing in value and it’s leaving old economic ways behind.

Doge is currently known to be ‘The Internet Currency’ since the takeover of memes and online trading.

Although Dogecoin started as a joke, it has now succeeded as a peer-to-peer cryptocurrency.

Doge has hit another milestone thanks to no other than Elon Musk who seems to love this cryptocurrency and its community.

Dogecoin soared 800% in just on day in late January. We saw a spike in AMC during this time as well.

Now, the fact that Elon Musk can tweet out a meme and allow a community of investors to make money from it is hilarious and amazing at the same time.

The influence man. We’ll go over that a little later. Let’s go over why Dogecoin is causing a disruption and frenzy everywhere online.

franknez.com

Welcome to Franknez.com – the blog where you can digest content on stocks, crypto, and market news. Today we’re getting into Dogecoin.

Lets get started!

What is Dogecoin?

Dogecoin is a digital currency that can easily be sent online from person to person with total security.

You can send Dogecoin to people internationally within seconds. Dogecoin is also now being accepted by online retailers! This means you can use it actually purchase both digital and hard goods from businesses accepting this form of payment.

Dogecoin Cryptocurrency launched at the end of 2013. It rose in popularity at a time when the creators were just beginning to explore the possibilities in regards to Bitcoin’s invention.

It is currently a hype coin due to the Reddit community teaming up to take it to the moon. Which by the way they’ve done an excellent job in, attracting multiple celebrities to the cryptocurrency and meme community via Twitter.

Pre-Dogecoin

Dogecoin currency was originally copied from an earlier cryptocurrency known as Luckycoin, which no longer exists. In 2014 Dogecoin’s mining process was integrated with Litecoin’s.

What is cryptocurrency mining?

Mining is a term used when cryptocurrency data such as transactions and data blocks are being recorded in a blockchain.

So, who created Dogecoin? The developer known to invent Doge are Billy Markus and Jackson Palmer. Their idea came about when deciding to create a form of payment that could be instant, fun, and free from traditional banking fees.

What can I purchase with Dogecoin?

You can buy gifts, groceries, services, and pretty much just about anything else the dollar can buy online.

You’ll be surprised that the Dallas Mavericks are have accepted Doge as a form of payment for both tickets and merch.

In fact, they are currently the largest Dogecoin merchant in the world. More on that below.

Companies accepting Dogecoin as payment

A few companies such as The Kessler Collection announced that it would be accepting Dogecoin for payment at its hotels through their partnership with BitPay.

The Kessler Collection owns some of the biggest hotels and resorts including the Beaver Creek Lodge, Casa Monica Resort & Spa, Elliot Park Hotel, and Grand Bohemian Hotel Asheville to name a few.

Even the adult entertainment industry has begun accepting Dogecoin payment along with Bitcoin and Ethereum.

Adult entertainment accepts dogecoin as payment

Dogecoin is primarily used in the gaming and streaming world as a means to tip content creators. We’ve seen this on Reddit and Twitter.

However, more and more mainstream companies are accepting cryptocurrency as a form of payment. The question is how did all of this blow up?

BREAKING: Elon will accept Dogecoin as payment for Tesla merchandise

Why is Dogecoin so big?

Dogecoin is revolutionizing the way we transact and buy things. There is no middleman or bank to process your transactions or take a cut.

Every transactions is also completely anonymous.

Dogecoin has a block time of 1 minute while other cryptocurrency has a block time of approximately 10 minutes. This means transactions are a lot quicker if you’re using Doge. This is something people really love about Doge.

Because of this, Dogecoin is a better use-case as a currency than other cryptocurrency because of how convenient it is.

The power of social media

Elon Musk took to twitter his personal support for Dogecoin. SpaceX’s CEO influenced Doge to soar more than 100% from one tweet alone.

But that’s not all, Elon has now published several tweets regarding cryptocurrency in general, we’ve seen this with Bitcoin too. Elon has figured out that his influence can legitimately increase the price of an asset.

We wonder if this is all a test. Can he do this with other assets?

Well, people figure he can. Retail investors and meme investors alike tweet Elon every day pitching him ticker symbols to call out. This of course is in hopes that said stock will see a surge in price action.

Oh come on Elon, do us all a favor!

Elon Musk Tweets Doge

While some people might have thought Elon to be a little crazy for supporting cryptocurrency, the Reddit community surrounding these meme stocks and coins have praised Musk.

When you have someone as big as Elon Musk supporting your community it no longer becomes a joke. He’s even announced that you can now buy a Tesla with Bitcoin.

For those of you who thought cryptocurrency was just a trend, think again. Cryptocurrency is changing the way we transact and view the digital world.

Other celebrities that have endorsed Dogecoin include Snoop Dogg, Gene Simmons, and Kevin Jonas. Mark Cuban just recently announced he would be accepting Doge as a form of payment for tickets and merchandise.

Mark Cuban dogecoin

We’ve seen Mark support what retail investors are doing in the meme world of stock investing as well. He’s mentioned on r/wallstreetbets that his 11 year-old son took a position in both AMC and Blackberry stock via. Markets Insider.

Related: How soon will we see an AMC short squeeze?

Dogecoin fundraising

The Dogecoin community and foundation raised about $50,000 worth of Doge in 2014 for the Jamaican Bobsled Team, which had qualified for but could not otherwise afford to attend the Sochi Winter Olympics.

This act inspired a second donation by the Dogecoin community led by Eric Nakagawa. Donations were collected to build a well in the Tana river basin in Kenya with Charity: Water. They raised approximately 40 million doge valuing $30,000 at the time.

In this same year, the community also raised 67.8 million Dogecoin, approximately $55,000 at the time, in an effort to sponsor NASCAR Sprint Cup Series driver Josh Wise. Also nicknamed ‘Moonrocket’. The car featured a Dogecoin/Reddit paint scheme.

What’s the difference between Bitcoin and Dogecoin?

Dogecoin stands out as being the easiest and quickest to transact. Another advantage this cryptocurrency has over Bitcoin is that it’s cheaper to use.

This is mainly because until recent times it’s been less popular than Bitcoin.

Cryptocurrency supply

Bitcoin has a max supply of 21 million gill which means it’s a deflationary type of currency. Because there’s only an exact quantity of currency, the price action will continue to surge as the demand for Bitcoin increases. This is Bitcoins advantage.

Dogecoin on the other hand is an inflationary currency which means we continue to make more of them. Just like our USD. It’s initial supply was capped at 100 billion DOGE, but developers scrapped this idea a few months after the launch.

10,000 dogecoin is being created every minute. Unlike Bitcoin, there’s no limit to how much doge can exist. While Dogecoin can spike in the short-term, it’s highly unlikely it holds its value once more people start using it. This is primarily due to the fact that Doge is being created every minute.

What does this mean for the price of Doge?

1 dogecoin = 1 dogecoin

Because Doge is not rare, all this means is that it’s going to take a lot more work for Doge to increase in price. Once the entire world is using Dogecoin, chances are 1 dogecoin will equal 1 dogecoin.

Can Dogecoin reach $1?

According to the market cap, Doge is worth approx. $0.31. In order for Doge to reach one dollar it would need a price increase of 300%. That’s quite a big jump.

The market cap would have to be approximately 125.4 billion which is an insane number. Doge will have to grow larger than the top 8 cryptocurrencies combined:

  • Bitcoin
  • Litecoin
  • Stellar
  • Chainlink
  • Cardano
  • Polkadot
  • Ripple
  • Tether

The closes cryptocurrency with that market cap is Ethereum. Doge could potentially reach $1 but it’s going to take quite some time.

The question is, will there be enough hype and people getting in on the cryptocurrency to increase the market cap up to 125 billion?

You be the judge.

What’s with Doge 4/20?

Doge 4/20, also referred as Doge Day, is the day the Dogecoin community hopes to celebrate the day Doge reaches $1.

Even Snickers is getting in on the celebration!

Snickers even went as far to put a Dogecoin gif on a Snickers bar candy wrapper. You gotta love the hype!

DogeDay 4/20

Even if Dogecoin doesn’t go to $1 on April 20, it’s highly likely the community marks 4/20 as DogeDay.

So what exactly happened on DogeDay 4/20?

They cryptocurrency actually dipped with many investors continuing to add to their positions. DogeDay could have really used a tweet from Elon.

Recent Dogecoin news

  1. Dogecoin crashes Robinhood: Robinhood just recently announced that they would be allowing their users to buy Doge from the platform. The results? A massive crash. Though, everyone was still able to buy Doge.
  2. A petition for Amazon to start accepting Dogecoin has surfaced on change.org. You can view it here. If that happens then the price of Dogecoin will skyrocket.

With Dogecoin getting more popular by the day, it’s no surprise transactions crashed Robinhood.

Investors beware, Robinhood is no longer known as a quality trading platform since the halt of GameStop and AMC purchases. Don’t say you weren’t warned.

If Dogecoin is accepted as a from of payment from Amazon, this will influence more people to by the cryptocurrency, as well as increase it’s value. Whether this happens or not we’ll just have to find out. This post is continuously being updated as recent news and updates emerge.

Where can I buy Dogecoin?

Here’s a list of exchanges where you can buy Dogecoin:

  1. Coinbase 🎉
  2. Kraken
  3. BKEX
  4. Paribu
  5. Binance
  6. VCC Exchange

Your English platforms will be Coinbase, Kraken and Binance. I personally use Coinbase. The layout is simple and easy to use.

Dogecoin coinbase

Making my first deposit in Coinbase was easier than I thought and it didn’t take long at all for my deposit to go through.

Purchasing cryptocurrency seems quicker and easier than purchasing stocks which is something I really liked. Perhaps it’s Coinbase’s quick layout that makes it seem so easy to transact. I highly recommend it though, be sure to check it out for yourself.

How much does Dogecoin cost?

Dogecoin is currently trading around $0.26. and is ranked #8 in popularity on the watchlist via. Coinbase.

Will Dogecoin keep going up?

As long as people keep buying doge the price action will continue to go up. We’ve seen institutions and companies start to buy this cryptocurrency for quite some time now.

This reminds me of what’s going on with AMC Entertainment at the moment. More and more institutions are bulking up on the stock. We’ve seen that this of course drives price movement.

As doge continues to grow in popularity, so will its price.

Should you buy Dogecoin?

Dogecoin has the potential to be a crazy short-term investment. If you’re looking to make a quick trade then Doge could be for you. Especially with heavily influential people driving the value up with a single tweet.

Dogecoin is a token that can be easy to transact in online communities. If you’re active in communities that accept it then it can be a great currency for tipping content creators you appreciate.

Or, if you want to simply be a part of the Dogecoin movement and have some cryptocurrency in your portfolio, buy it.

How can I keep my cryptocurrency safe?

keep your dogecoin safe with ledger nano cold storage wallet

It is best not to keep your cryptocurrency in your exchange accounts. You can send your cryptocurrency to a cold storage wallet. These are basically USBs with passwords. Ledger is a company known for it’s cold storage wallets.

If you happen to hold a large amount of cryptocurrency, I suggest investing in one of these bad boys for a peace of mind.

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