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Whale Watch: $17M In Dogecoin Departs Binance On Feb 3rd

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Whale Alert, a leading tracker of crypto transactions, reported a massive transfer of Dogecoin tokens. The equivalent of $17 million worth of DOGE was withdrawn from Binance, one of the largest crypto exchanges, to an unknown address, on February 3rd.

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The sudden movement of such a huge amount of Dogecoins has raised concerns among investors and market watchers. The transfer, which involved 184.65 million tokens, was executed swiftly. 

The identity of the recipient address remains a mystery, fuelling speculation among the crypto community. Interestingly, the transfer was conducted via Dogecoin’s network, and the recipient address was not empty. 

The wallet already held 113.6 million DOGE, worth approximately $10 million, bringing its total holdings to a staggering 298.26 million DOGE, equivalent to $27.53 million.

Such withdrawals of large amounts of cryptocurrencies from centralized exchanges are often interpreted as a bullish sign, indicating that the big players, known as “whales,” are accumulating.

Despite the uncertainty, the Dogecoin market appears to have taken the news in its stride, with the coin’s value remaining relatively stable. 

Dogecoin Price Analysis

According to CoinMarketcap data, the coin is making a comeback with a promising performance in both daily and weekly charts. The meme coin is now trading at $0.0936, with a 3% increase in the past 24 hours and 5% in the past seven days. The trading volume and market cap of the token has also seen a 2% rise.

DOGEUSDT 2023 02 04 03 26 52
Source: Tradingview

Though the coin is still down 90% from its all-time high of $0.74, trading at just $0.07, the start of the year has brought a positive turn for the crypto industry. This has many speculating that a Dogecoin rally is not out of the realm of possibility.

Elon Musk’s tweets about the meme coin and its potential integration with Twitter were significant factors in the coin’s price spikes in 2022. Now, a decade after its launch, some wonder if hitting $1 is a realistic goal for the meme coin. 

The cryptocurrency industry’s bullish start to the year has sparked hope for a continued uptrend, driven by retail investors who are attracted to the allure of speculative sentiment.

Related Reading | For FTX & Alameda Ties Silvergate Under Criminal Investigation: Report

Dogecoin Soars To New Heights: 40% Increase As Whale Transactions Skyrocket

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Dogecoin, the meme-inspired cryptocurrency, is making headlines once again with its recent surge in activity. According to Santiment, a leading crypto analytics firm, Dogecoin saw its highest whale transactions of the year on January 31st, marking a major break-out for the coin.

The past few months have been highly positive for Dogecoin, with the coin experiencing a 40% increase since December 29th.

This surge can be attributed to several key factors, including major transactions by big players in the market, referred to as “whales.” These transactions have had a major impact on the coin market and have driven up demand, leading to a significant increase in price.

According to Santiment’s tweet, there was a spike in the presence of 523 $100k+ whale transactions, the highest since November 27th. Additionally, the coin is back above $0.095 for the first time since December 10th.

Dogecoin On-Chain Metrics Soar To Two Months High

86.4k active addresses have been recorded, marking the largest two-day stretch since November 2nd and 3rd. These metrics indicate that there has been a significant influx of interest in the coin, with more and more people choosing to invest in the meme cryptocurrency. 

Address activity for Dogecoin has spiked, indicating increased interest and adoption of the cryptocurrency. This increased demand is also contributing to the recent surge in Dogecoin’s value.

The meme-inspired nature of Dogecoin has led some experts to question its long-term viability. While its popularity may be driving its value in the short term, it remains to be seen if it will be able to sustain this success over the long term.

While the recent surge in Dogecoin’s value is certainly an exciting development for investors, the future of this polarizing cryptocurrency remains uncertain. However, it’s worth keeping an eye on its performance in the coming weeks.

However, despite its playful origins, the coin has proven to be a serious player in the cryptocurrency market. The coin has seen significant growth recently and continues to attract new investors and traders looking to capitalize on its potential.

According to the data from CoinMarketcap’s data, the coin is currently trading at $0.09214, with a 10% rise in the weekly chart. Additionally, the coin has seen a growth of about 31.4% in the last 30 days.

DOGEUSDT 2023 02 01 04 16 55
Source: Tradingview

Related Reading | Ethereum Supply Takes a Dip: Deflationary Value of $16 Million In January

Dogecoin: Elon Musk’s McDonald’s Offer On DOGE is Still 100% On

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Elon Musk, a proponent of Dogecoin, responded to a user’s question by tweeting that his earlier promise to eat at McDonald’s is still valid.

It needs to mention that on Jan 2022, Tesla CEO posted a challenge for the fast food giant, saying he would eat a Happy Meal live on TV if McDonald’s accepted Dogecoin as a means of payment.

The leading restaurant chain did not yield to any requests in accepting the token.

To add more salt to the injury, McDonald even trolled the tech billionaire on past occasions, asking him to accept Grimacecoin, a made-up cryptocurrency, in exchange for enabling payments in meme cryptocurrency Dogecoin.

The fake token created after McDonald’s joke tweet also surged as much as 285,641% in a few hours as opportunistic actors jumped at the chance to cash in on the hype.

However, recently, the fast food chain threw a surprise tweet quoting, “What did I miss?” to which Binance’s Twitter account responded, “A lot of green candles.”

The Tesla CEO too chimed in by tweeting “Oh, hi, lol,” in the replies section.

This prompted “DogeDesigner” of UX/UI and graphic designer at Doge to inquire as to the status of Musk’s initial offer to McDonald’s regarding the acceptance of the meme token.

And true to his words, the multibillionaire replied with a “100” emoji.

Dogecoin Rallied By Over 35% In less than 20 Days

Musk’s tweet has been liked over 3000 times and has generated views close to 120k raising expectations that the fast food chain would eventually reassess its stance on the token.

The popular meme token recently hogged the limelight after a report published by Forex Suggest showed that DOGE’s carbon emissions have been reduced by 25%. With 1,423 tons of emissions released in 2021, the asset produced 1,063 tons in 2022.

The survey also credited Musk for being instrumental in refusing to accept Bitcoin as payment, due to its high emissions.

Owing to proactive efforts by the billionaire entrepreneur and the members of the Dogecoin ecosystem, Dogecoin saw a 25% decrease in its annual CO2 emissions.

Moreover, with regard to its price, DOGE kickstarted the new year with a surge of over 35% to date. At the time of writing this post, the 9th largest asset by market cap is trading at $0.08.

Twitter “coins” feature disturbs Elon and Dogecoin (DOGE) relationship, Shiba Inu (SHIB) devs to launch Shibarium L2 beta, Snowfall Protocol (SNW) price surges from $0.005 to $0.191

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The popular memecoins, Dogecoin (DOGE) and Shiba INU (SHIB), have experienced dreadful days throughout 2022. However, prices that had marked new bottoms, immediately began to rise, with the start of 2023, as market sentiment broke free from its bearish captivity. Additionally, a new project is gaining traction in the crypto space. Snowfall Protocol (SNW), a multichain platform with high interoperability, began its journey in crypto space, and has since increased by more than 500% in a matter of weeks.

Snowfall Protocol (SNW) has been steadily rising since the start of the presale, which is about to come to an end. The crypto space is attempting to stabilize the ongoing upswing as Dogecoin (DOGE) and Shiba Inu (SHIB) registered decent gains. However, the bears have been attempting to limit both Dogecoin (DOGE) and Shiba Inu (SHIB), so the upcoming daily close may have a greater impact.

Meanwhile, Snowfall Protocol (SNW) is believed to ignite a notable rally to mark new highs soon after its official launch, which is fast approaching.

Twitter’s ‘Coin’ Feature Challenges Dogecoin (DOGE)

The relationship between Tesla and Twitter CEO, Elon Musk, and Dogecoin (DOGE) has been in the spotlight for a long time. However, the association is believed to get strained to a large extent as Elon Musk is all set to roll out the new ‘Twitter Coins’ feature, where users can purchase coins using fiat money through the payment processor, Swipe. Moreover, users may also earn rewards for retweeting certain content.

Many crypto experts believe that this could be the end of the fruitful relationship between Elon Musk and Dogecoin (DOGE). Besides, Dogecoin (DOGE) price has displayed a notable upswing and surged beyond $0.08, recovering the losses incurred due to the FTX debacle. Dogecoin (DOGE) is witnessing bearish action presently, which may drag the price slightly lower. Therefore, Dogecoin (DOGE) price may slide below $0.08 soon.

Shiba Inu’s (SHIB) Beta Version of L-2 Shibarium Makes Noise

Shiba Inu (SHIB) gained immense popularity since its launch as a ‘Dogecoin (DOGE) killer,’ which is believed to display a giant rally compared to its competitor. Withstanding the bearish action multiple times, Shiba Inu (SHIB) price demonstrated its potential to lead a significant rally ahead. However, after approaching crucial levels, Shiba Inu (SHIB) prices appear to deviate from the resistance.

However, until Shiba Inu (SHIB) price is closely trading along the critical levels at the 200-day MA the revival of a bullish trend is difficuly. The trading volume of Shiba Inu (SHIB) has been ranging within decent levels that substantiates the possibility of bullish action soon. Besides, if an extended bearish action drags the Shiba Inu (SHIB) price below $0.00001, it could remain consolidated for a while.

Snowfall Protocol (SNW) Price Continues to Surges

Snowfall Protocol (SNW) is a multichain platform that offers smooth transfers of assets and cross-chain transactions between different blockchains. The advanced technology and unique features have attracted many to the platform. Snowfall Protocol (SNW) uses a bridge to carry out the transfers, which enables users to explore the features of the other platforms as well. Along with asset transfer, Snowfall Protocol (SNW) also offers a stablecoin bridge, NFT bridges, and staking.

Snowfall Protocol (SNW) was introduced through a presale, which was carried out in multiple phases. The first 2 have been completed successfully, while the final phase is about to close soon. Since the beginning of presale, the value ofSnowfall Protocol (SNW) has surged by more than 500% and accumulated over $3 million.

Snowfall Protocol (SNW) price has been making new highs since the token was introduced. Hence, industry experts believe that the price may surge by more than 5000% from the current highs of $0.191, soon after the official launch.

Get in while you can and invest in Snowfall Protocol (SNW) today!!!

Presale: https://presale.snowfallprotocol.io

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

Twitter: https://twitter.com/snowfallcoin

Dogecoin Co-founder And Elon Musk Take A Dig At SBF’s $700M Confiscation

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The friendship between the Dogecoin co-founder, Billy Markus, and the Tesla CEO, Elon Musk dates Back to a time that one can’t remember. Time and again they have showcased their bond on social media. However, this time it was no different.

Sam Bankman-Fried (widely known in the crypto space as SBF), the founder of the troubled FTX exchange, was reportedly the target of prosecutors from the DOJ, according to a recent TWJ report. The article cites a court filing from last Friday.

The Dogecoin co-founder tweeted the report along with a humorous comment in which he referenced SBF when the FTX founder claimed in court that he had just $100,000 left over from his billions. The money taken from SBF that was previously disclosed was primarily in the form of Robinhood shares.

Elon Musk, the CEO of Tesla and Twitter, responded to that with two ROFL emojis. When FTX and its founder SBF were accused of scamming investors and the exchange went bankrupt, both Musk and Markus were harshly critical of both parties.

SBF was accused of using substantial amounts of USD from FTX members to save his crypto trading company Alameda Research, however, he pleaded innocent to the accusations. In the fall of this year, he will stand trial for this.

The US Department of Justice (DOJ) announced the confiscation of Bankman-Fried’s assets earlier this year. The majority of them were held in the form of Robinhood shares (HOOD), but there were also monies in several banks and crypto deposits on the Binance cryptocurrency exchange.

Federal prosecutors from the DOJ, in particular, last week seized around $100 million from SBF’s accounts, which he kept in Silvergate Bank connected to FTX Digital Markets, an FTX company with headquarters in the Bahamas.

Dogecoin Fan, Musk Refused SBF’s $5B Offer

Sam Bankman-Fried contacted Elon Musk earlier last year to offer him a $5 billion investment to help him acquire the social media company, long before FTX’s problems became apparent to everyone in the market. He also assisted with the transition of Twitter to blockchain rails.

The Dogecoin (DOGE) supporter, Musk, rejected his offer with the money, explaining to him that putting Twitter on a blockchain was not possible. Musk purchased Twitter outright for a total of $44 billion; the agreement was signed in late October of last year.

At the time of writing, Dogecoin was priced at $0.08651 with a hike of 6.73% over the last 24 hours, as per Coin Market Cap (CMC).

Dogecoin: DOGE Loses CO2 Emissions By 25% Due To Elon Musk’s Efforts

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Dogecoin’s carbon emissions have been reduced by 25%, as per a report published by Forex Suggest. With 1,423 tons of emissions released in 2021, Dogecoin produced 1,063 tons in 2022.

The survey credited Musk for being instrumental in refusing to accept Bitcoin as payment, due to its high emissions.

Even though Dogecoin “was founded as a foolish joke,” Musk thought at the time that it was more suited for transactions.

Owing to proactive efforts from the billionaire entrepreneur and the members of the Dogecoin ecosystem, Dogecoin saw a 25% decrease in its annual CO2 emissions.

On the other hand, the world’s dominant crypto Bitcoin utilizes 1183.58 kWh per transaction, which equates to 1775 lbs of CO2. the report highlighted.

As climate change is gaining more prominence and widely acknowledged issue, the energy usage of cryptocurrencies’ has drawn much attention.

“Some cryptocurrencies are making a conscious effort to reduce the amount of energy required for transactions to take place on their blockchain”, the report claimed.

The research cited the example of Ethereum [ETH] which has recently transitioned from its PoW method of validating transactions to a PoS model.

This, according to the survey, has made it viable to reduce its energy consumption per transaction from 62.56 kWh to 0.03 kWh.

When Ethereum switched to a proof-of-stake consensus algorithm in 2022, its CO2 emissions dropped significantly, but Dogecoin’s annual emissions were still 8.3 times higher.

Nevertheless, Doge is positioned to be a useful financial tool in 2023 thanks to its large community support and ability to reduce its carbon footprint to zero.

Dogecoin Jumps By 36% In Less Than A Month

Moreover, with regard to its price, DOGE kickstarted the new year with a surge of over 35% to date. At the time of writing this post, the 9th largest asset by market cap is trading at $0.08.

As reported by TronWeekly, Following Twitter CEO and DOGE supporter Elon Musk sent Christmas wishes with a photo of his Shiba Inu and other pet canines, the token swiftly became a favorite among whales.

Data from WhaleStats showed that DOGE was the most traded token among the top 100 Binance Coin [BNB] holders by flipping the new investors’ favorite, Filecoin’s token, FIL.

Musk’s mention of DOGE had little impact on the token’s price, but trading activity on the holiday day was higher than it had been the weekdays before.

The Next Big Thing In Crypto: How Dogecoin (DOGE), Shiba Inu (SHIB), And Orbeon Protocol (ORBN) Are Changing The Game

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The crypto world is constantly evolving, and the latest developments in Dogecoin (DOGE), Shiba Inu (SHIB), and Orbeon Protocol (ORBN) are set to change the game. From the meme-inspired origins of Dogecoin (DOGE) and Shiba Inu (SHIB) to the revolutionary approach of Orbeon Protocol (ORBN), these projects are pushing the boundaries of what is possible in the crypto space. Orbeon Protocol (ORBN) has already rallied over 987% during its presale. Orbeon Protocol (ORBN) will allow retail investors access to the currently limited venture capital market and early-stage investment opportunities via equity-backed NFTs.

>>BUY ORBEON TOKENS HERE<<

Dogecoin (DOGE)

Dogecoin (DOGE) has made it possible for other meme coins to come out. Dogecoin (DOGE) was introduced to the public at the end of 2013 as a joke about all the attention Bitcoin (BTC) was getting at the time. Dogecoin stayed around, and its popularity grew a lot.

A big reason for its popularity was that Tesla, SpaceX, and now Twitter are all owned by Elon Musk, who is hard to find and often in trouble. Even though the dog-themed meme coin has fallen in popularity over the past year, it is still the best on the table. One clear reason for its constant growth is its easy use.

Elon Musk thinks Dogecoin is a better alternative currency than Bitcoin because it is easy to use, and day traders can make money.

>>BUY ORBEON TOKENS HERE<<

Shiba Inu (SHIB) 

Shiba Inu (SHIB) is one of the few old-generation meme coins trying to meet the market’s needs. By market capitalization, it is the second most valuable meme coin, and it was one of the best-performing meme coins in the last bull market.

Most crypto assets have beaten Shiba Inu’s pace on the market within two years. Still, Big Eyes (BIG) is threatening that bragging right now.

The ecosystem of the meme coin is what makes it work, and it grows every day in size and strength. It has a swap (the ShibaSwap) for exchanging tokens and hopes to make as much money as it did last year. Shiba Inu, also known as the “Dogecoin killer,” has moved quickly up the ranks of cryptocurrencies since it was released in August 2020.

>>BUY ORBEON TOKENS HERE<<

Orbeon Protocol (ORBN)

Orbeon Protocol (ORBN) is an innovative launchpad that helps startups raise funds from retail investors. Traditionally, this market would only be available to venture capitalists. But with fractionalized equity-based NFTs, regular investors can now buy equity in startups for as little as $1.

Orbeon Protocol (ORBN) opens startups to a new group of investors. It helps them raise money while building a group of supporters. Instead of relying on just one venture capitalist, they can ask the crypto community for money.

Orbeon Protocol (ORBN) ensures that investments are clear at every step of the process, protecting investors. Each smart contract has a “Fill or Kill” feature that automatically returns money to investors if a company doesn’t reach its funding goal. This is a safety feature.

(ORBN), the native currency of the Orbeon Protocol (ORBN), has increased by more than 987% and is now worth $0.0435. Soon, the third pre-sale phase will be over, so now is a good time to get into the market. Analysts predict that the price of ORBN will reach $0.24 by July 2023. This is an increase of nearly 6,000% from its first price of $0.004.

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register 

Telegram: https://t.me/OrbeonProtocol 

Dogecoin (DOGE), Solana (SOL), and Metacade (MCADE) rise as Markets Show Cooling Inflation

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The Consumer Price Index (CPI) figure for November 2022 showed cooling inflation for the fifth consecutive month, as the year-on-year inflation rate has fallen from 9.1% in June to 7.1% in November. 

This has had an effect on some major crypto tokens, including Solana (SOL), Dogecoin (DOGE), and Metacade (MCADE). Read on to find out more.

A cooling inflation rate: What is the CPI, and how has it impacted the crypto markets?

The CPI is a single percentage figure that measures the overall change in prices for a selection of goods and services. It is released on a monthly basis and measures the average change in prices over the previous 12 months.

News of cooling inflation had a positive impact on the crypto markets as DOGE, SOL, and MCADE saw a price reaction. SOL rapidly rose 17.4% after the CPI data was released, while DOGE rose 9.6%. MCADE, a brand-new GameFi platform that recently announced its token presale, completely sold out of its first investment round.

What is Metacade (MCADE)?

Metacade is the first community-driven arcade, offering a selection of classic arcade-style titles and various avenues for earning an income paid in crypto. The platform aims to become a central hub for Web3 users, introducing broad utility for token holders and offering exclusive job opportunities to the community.

How does MCADE work?

The on-chain arcade will offer casual and competitive gamers a range of different Play2Earn games, as well as Compete2Earn tournaments in which players can test out their skills head-to-head. Compete2Earn will involve paid entry games in which the winners can access major MCADE prize pools.

Metacade will connect users with paid roles at various Web3 projects through its Work2Earn feature. Jobs can include part-time gig work, freelance positions, or even beta testing roles that enable Metacade’s community to play new blockchain games before they are officially released. Beta testers will earn MCADE tokens for providing feedback to development teams, helping to fix bugs, and making improvements before a new game goes live.

The Create2Earn feature will reward the community for contributing to the platform in several ways. Whether interacting with other users, sharing game reviews, or posting the latest GameFi alpha, Metacade users can earn MCADE tokens for the information they share on the platform.

Can MCADE reach $1 in 2023?

In the wake of recent news about cooling inflation, the MCADE token presale has been a major success. Investors bought 140,000,000 MCADE in just over 3 weeks, which raised $1.12 million for the new GameFi platform. Many investors have been impressed with Metacade’s advanced earning mechanics, which are expected to attract a buzzing decentralized community over time.

The price of MCADE is expected to skyrocket at the conclusion of the presale event, with experts predicting a 50x gain during 2023. The token is currently underpriced at the $0.01 level, and cooling inflation means that macroeconomic conditions are improving. MCADE looks like one of the biggest investment opportunities during its presale, as major gains are on the horizon for MCADE.

What is Dogecoin (DOGE)?

Dogecoin is a popular meme coin that was initially created as a joke. Since then, DOGE has risen to prominence and become a fun entry point for new blockchain users – but the token has historically lacked any kind of utility.

In recent years, DOGE has become an increasingly popular method of sending international payments. The token has been used to tip content creators on various social media platforms, and rumors suggest that the token could be integrated with Twitter after Elon Musk, an advocate of Dogecoin, bought the platform.

DOGE Price Prediction 2023

DOGE remains a popular cryptocurrency and is currently a top 10 token by market capitalization. DOGE could reach $0.20 during 2023 but faces strong resistance at that price level.

What is Solana (SOL)?

Solana is a Layer 1 blockchain that combines two methods of reaching network consensus in a unique protocol – namely, proof-of-stake and proof-of-history. The blockchain is home to many decentralized applications (dApps) and can process a high number of transactions at a low cost to its users.

SOL price prediction 2023

SOL dipped over 70% in November because FTX and Alameda were major backers of the ecosystem. Both companies announced bankruptcy, which caused the price of SOL to plummet.

However, news of cooling inflation saw a recovery for SOL, and the token is expected to gain momentum during 2023. The Solana project continues to build, and SOL could reach $75 once again – a 7x rise from the current price level.

MCADE set to skyrocket in 2023 with cooling inflation

Macroeconomic sentiment has shifted positively due to the news of cooling inflation. Metacade is well-positioned, as the variety of decentralized earning opportunities are expected to boost its valuation during 2023.

The price of MCADE will rise from $0.008 to $0.02 over the course of the presale, with each funding round expected to sell out quickly. Investors have a limited time to get involved as it has been highlighted as one of the best investment opportunities of the year. It is certainly a great addition to any investment portfolio.

You can buy DOGE and SOL at eToro here.You can participate in the Metacade presale here.

EOS, Dogecoin (DOGE) and Orbeon Protocol (ORBN) – Top Cryptos Resisting the Bearish Momentum

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Picking a cryptocurrency with a guaranteed return is practically hard today, especially since many new cryptocurrencies are being created and released every so often. That choice is made much more difficult by the current crypto winter, which saw every token decline. 

However, there are still a few good cryptos resisting the bearish momentum. Let’s take a deeper look at EOS (EOS), Dogecoin (DOGE), and Orbeon Protocol (ORBN), which is presently in the third round of its presale.

EOS (EOS)

EOS (EOS) supports the development of economically feasible decentralized apps or dApps. Businesses now have the capacity to create blockchain applications similar to web apps thanks to EOS.

Even Binance has made it possible to transfer USDT on the EOS platform. Thanks to this announcement, the EOS (EOS) token rose beyond $1 in more than a month.

Lately, EOS has had a strong rise of over 10%. As Solana (SOL) and Polygon (MATIC) deal with the current FTX crash, it appears that EOS is the best layer 1 asset for those looking for the fastest transaction processing times. 

Due to investor confidence in EOS, analysts predict that EOS will be an attractive layer 1 choice and climb another 20 to 30% in 2023. If EOS is able to live up to the expectations, its investors stand to reap a great ROI.

Dogecoin (DOGE)

As with many other cryptocurrencies, Dogecoin (DOGE) price dropped significantly last year. The meme currency, however, managed to maintain its value and retain its place.

At the start of 2022, Dogecoin (DOGE) traded at a price that was almost 76% below its all-time high of $0.74. On January 1st, it cost $0.175. Thankfully, Dogecoin moved from the range, rebounded off the low support level, and then rose over $0.15.

The initial bullish surge is wonderful news for Dogecoin (DOGE) token holders even though Dogecoin has still been trading inside a range for a longer time period. 

Dogecoin (DOGE) is set to go bullish when it breaks through the nearby resistance level. Most investors and the Dogecoin community are optimistic that the upward move will take place any time this year.

Orbeon Protocol (ORBN)

Orbeon Protocol (ORBN) seeks to revolutionize the venture capital sector by letting businesses use the blockchain-based investment platform to mint and offer equity-backed NFTs to backers. 

Orbeon Protocol (ORBN) will create fractionalized NFTs supported by legitimate businesses, enabling everyone to invest even $1 in a share of a firm they believe in.

For individuals concerned about security, Orbeon Protocol’s smart contract has the unique “Fill or Kill” mechanism that will ensure investors receive their money back after investing in a business that fails to achieve its funding goal within a given time. The Orbeon Protocol (ORBN) liquidity pool is also locked for ten years to prevent any rug pulls. 

Numerous advantages and privileges come with holding the Orbeon Protocol (ORBN) token. For instance, holding the Orbeon Protocol (ORBN) token entitles you to staking rewards, which generate passive revenue, and access to special funding groups. You also get discounts on trading fees. 

Orbeon Protocol (ORBN) is currently in the third phase of its presale. Many analysts expect Orbeon Protocol (ORBN) to be worth $0.24 by the end of the presale, representing a huge price hike from its initial presale price of $0.004. 

Find Out More About the Orbeon Protocol Presale:

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register 

Telegram: https://t.me/OrbeonProtocol 

BitPay Reveals DOGE Is Now Fourth Most Popular Crypto For Transactions

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The popularity of Dogecoin as a transactional currency has risen significantly in recent months. According to BitPay, a prominent crypto payment processor, Dogecoin is now the fourth most popular cryptocurrency for transactions on the platform. 

In June, Dogecoin accounted for 6% of transactions on BitPay, but by December, that figure had nearly doubled to 10%. This trend suggests that an increasing number of people are using this token as a means of exchange.

As can be seen from the list, the number of transactions for Bitcoin (BTC), which is currently ranked first, decreased from 53.3% to 41.81 during the same period. Ethereum (ETH), which had been ranked second in June, dropped to third in December and replaced Litecoin (LTC), accounting for 25.51% of transactions.

image 28
Source: bitpay

The token’s recent success can be partly attributed to Elon Musk’s tweets about the cryptocurrency. This attention has made DOGE one of the few cryptocurrencies that have generated returns for investors, even those who joined the market late. 

Additionally, Last year, Elon Musk’s Boring company used BitPay to accept cryptocurrency payments for a collectible perfume known as “Burnt Hair.” It enabled customers to purchase the fragrance with a range of cryptocurrencies, including Dogecoin.

Recently, CoinSwitch, India’s largest cryptocurrency trading app with a user base of around 20 million, reported that Dogecoin was among the most popular assets held by its users in 2022.

Dogecoin (DOGE) Price Rises

Since this news was released, the data from CoinGecko shows that Dogecoin has experienced significant increases in value over the past 24 hours and the past week. The current price of token is $0.072313, with a 1.8% increase in the last 24 hours and a 1.84% increase in the previous seven days.

DOGEUSDT 2023 01 07 07 30 18
Source: Tradingview

Despite the downward trend that has persisted throughout 2022, the token has recently broken out of a short-term bullish pattern and is trying to regain the $0.074 resistance level. 

Dogecoin’s price was much higher in May 2021, reaching a record high of $0.73. However, by June 2022, the price had fallen by more than 90%. Even at its best price in the current year, the coin is still much lower than it was at its all-time high.

The token’s price increased significantly after billionaire Elon Musk bought Twitter in October. The token was worth $0.07203 on October 27th and $0.1572 on November 1st. However, its price has fluctuated since then.

Related Reading |  Bitcoin Mining Giant Adds Over 160 BTC to Its Holdings in Final Quarter of 2022