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WTF is Dogecoin, why is it increasing now?

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Dogecoin, the name is derived from the world famous meme Doge with the logo inspired from the Shiba Inu dog breed, was introduced as controversy and a joke.

Currency has always been varying from place to place and changing in terms of design, value hiking up and going down with the constant changing political rules and regulations too. In the past few years the world has been changing digitally and ever since, the term cash is rarely used even while speaking and even more rarely for money transactions. Money transactions has been becoming digitised money ever since digital currency came into the market. It has been rising even more since the rise of Bitcoins. But what is this dogecoin everyone is talking about? It has a nice ring to its name too.

Dogecoin, the name is derived from the world famous meme Doge with the logo inspired from the Shiba Inu dog breed. Dogecoin was introduced as controversy and a joke expecting to achieve a broader market capture than Bitcoin. This even led to its nick name “joke currency” but now the whole world is talking about it seriously, what an irony.

 

Why does dogecoin keep increasing now? Following are few reasons:

 

Makes Life easier:

Everybody wants to have digital money as it is easier for transactions, records free, no hands on experience needed, easy to understand, faster way to make money but at present there are many digital currencies out in the market and Bitcoin is expensive.

Wish everyone one of us had the chance to buy Bitcoin at its baby stages. People find Bitcoin expensive and when they hear the name dogecoin, it immediately sounds like “Yeah, I have heard about it. Why not buy it as its less expensive than Bitcoin”.

 

Young generation wants to change for the better:

With changing technology and new gadgets coming into the market every day, every new young teen who are tech savvy especially wants to make a difference in the world and prove themselves thus allowing them to explore new opportunities in all kinds of industries and medium that makes them look like all know type of person.

They find this new trend of digital currency which the whole world is talking about as a means of showing the wold who they are. As seen and said dogecoin Is less expensive and feasible to use than Bitcoin. Teens are more likely to take the chances.

 

Everybody deserves a second chance:

Bitcoin has revolutionized the currency as we knew and with its rise everybody felt regret as for not buying their coins at its initial stages as a reason of lack of confidence in its rise or lack of trust in its security and privacy. Now everyone wants a piece of it but can’t afford it. When this the case then everybody looks for an alternative to Bitcoin leading them to dogecoin which has been rising up rocket high in terms of its value and trust in its security  in a very small period of time.

When the whole world keeps talking about dogecoin, its automatically gives rise for the people to try them, buy them which in turn expands the market of it too.

Internet as a marketing medium:

There is also this one major internet eye-catcher through which everyone gets the idea to buy dogecoin and contributing their part to its rise too. It is none other than reddit. People come to reddit for various reasons and always find their solution. When they see lot of people talking about this cryptocurrency and also buying them, it automatically brings a sense of belonging to the viewer and the curiosity to buy them and talk about it in reddit as a part of their share too. This has even allowed reddit and dogecoin to collaborate leading some reddit users to get a certain amount of free coins. Lucky people you would say.

 

Value in the future:

People believe that the value of dogecoin will one day arrive at $1 which also paves a path for them to believe that when it does they will be having the opportunity to live a luxurious life and if it fails, then immediately sell out what you have in hand as crypto coins and what is left is still profit to you. It’S a win win situation for you.

Media and their role plays:

Media plays one of the major role in the rise of cryptocurrencies In general and especially dogecoin. Most people in the world love to talk about everyday trends and the media uses this as an opportunity to make dogecoin a king in the eyes of people who are willing to try and buy something new thus forming a community of their own expanding the market.

Cryptocurrencies have a lot of benefits and have been helping the world to be a better place with their attractive and ergonomic features. In the foreseeable future it is going to change the wold even more. What matters is if people are willing to take the chance and buy them and be a part of that community too.

#Bitcoin

XRP is now #2 Cryptocurrency, Ripple overtook Ethereum

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XRP is now officially the #2 cryptocurrency in the world with over $2.4 Billion Market Cap. The recent increase in the market cap was due to the rapid surge in Ripple Price after the XRapid Launch news was published.

The market cap of Ripple is now $23555443, which just surpassed Ethereum’s market cap of $23367070

Bitcoin Market cap stands at #1 at $116228274

 

Ripple Price Rise

XRP  Price broke all the obstacles and went to a swift uptrend against both Bitcoin and US Dollar. With the surging price, the total market cap of the cryptocurrency also noticed an enormous hype making Ripple the #2 Cryptocurrency after Bitcoin; beating Ethereum on the Cryptocurrency Market Capitalization list. More and more banks are utilizing the Xcurrent platform including the recent adoption by PNC , USA’s top financial services group.

 

Ethereum Price Decay

The former #2 cryptocurrency Ethereum noticed a vast decay in the previous few weeks with the reasons starting from large OTC selling by ICO’s (Initial Coin Offerings) and the ethereum miners backing out saying that ‘Ethereum Mining is no more profitable’. Ethereum price dropped down from whooping $450 in August to $190 a few days back. This has resulted to a huge number of prominent investors and traders opting out of the Etheruem Cryptocurrency stating that Ethereum has no future now.

 

Can Ripple Maintain the #2 position now or will Ethereum take back revenge? What are your thoughts on the same? Tell us in the comments section below.

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#Tron Price Analysis

10 reasons why TRON TRX price can increase massively this year

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One of the biggest reason for Tron’s (TRX) massive increase in price is its continued growth with its fundamental strength. TRON price will increase.

What is TRON?

TRON is a decentralized platform based on Blockchain and aims to build a digital content sharing platform eventually leveraging peer to peer (p2p) blockchain system. TRON first founded by a non-profit Singapore based foundation, and this foundation is specifically seeking to distribute the global entertainment industry.

Presently, lots of user data and traffic managed by a few corporations like Google, Amazon, and Facebook & Snapchat. TRON creates some serious steps to control by placing ownership of the data back into the creator’s hands.

 

Features of TRON

There are some key features of TRON, given below

  • TRON wants to heal the Internet with its entertainment features.
  • Data liberation; free and uncontrolled data.
  • Content-enabled ecosystem, where users can obtain digital assets from content spreading.
  • Personal ICO with the ability to distribute digital assets.
  • Different infrastructure which allows distributing digital assets exchange (such as games) and marketing forecasting.

 

Advantages of TRON

TRON has the biggest advantage, is its good team of developers, advisers, and investors. It’s CEO is Justin Sun, who is the protégé of Jack Ma, the founder of the Alibaba group and other advantages the fact about data creators, which are the data ownership of central and also the users on the Tron network are entitled to proportional profits granted by rules. Tron has an idea to administrate free service platforms for the public. That’s why it is operated and designed to serve the masses that enjoy entertainment content around the world.

 

Reasons for the massive increase in the price of TRON

If you are having feelings like the heat just because of the price of TRON. Well, don’t be.  This is a right time to get yourself a bit rich with the massive increase in the price of Tron. That is because what is happening now in the market is that wide crash that has seen previously in all cryptos shed a good portion of their value, with bitcoin dropping below $7700. While everything else has risen again, Tron (TRX) is in an incredibly good position with its risen up again by even bigger margins.

 

Here are the reasons why TRX price could rise:

The Mainnet Launch

In the previous scenario, just a few months ago Tron was in deep fall and it was migrating from the Ethereum blockchain to its own blockchain. But besides all this, several major exchanges have announced to support for the Tron migration, indicating that this event will be a major success as it is a strong enough reason to get into Tron at today’s prices, which reap big once the main net goes live.

 

Tron’s Drawing more in developers

In the Tron (TRX) case, its success completely depends on the team which has been pushing hard to woo Ethereum developers to the project. Tron team has used airdrops and other rewards to achieve this end. Giving them those incentives are worthwhile and one can expect the faster completion of project milestones, which will serve to further drive up the price.

  • One of the biggest reason for Tron’s (TRX) massive increase in price is its continued growth with its fundamental strength.
  • The other important reason for the massive growth is because it led by an aggressive and ambitious leader. Justin Sun, the CEO of Tron, has not only overseen the fast-tracking of milestone deadlines, but he has also decided that he wants Tron to be a top 6 coin in crypto ranking.
  • It had been hovering in this position for the last few months, until a few deep altcoin drops of the last few weeks. TRON’s peak coin price will be again high as eight cents just in a short duration.
  • From the beginning and the new holders who recently have joined, It sees a movement of about $200 million each day, give or take, and this spread across the major trading coin out there.
  • According to the price predicting; fiat trading is still extremely unrepresented here. That means is going to have an enormous opportunity to crack more fiat selling with a massive increase in prices and growth parallel.
  • Tron’s strong & steady strength which makes it continuously moving and this is also the reason for a massive increase in the price of Tron.

 

Note: This article represents only the opinion of the writer. The article is not, in any way, an investment advise. All cryptocurrency investments are risky and you should do your own research and analysis before buying or selling any digital assets including TRX.

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#NEO

Is NEO Dead? Does it have a future?

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NEO has a 100% pre-mine as well as proof of stake model which allows users to derive additional coins in the form of GAS, by holding them in the wallet.

What is NEO?

NEO is a blockchain platform and cryptocurrency designed to build and scalable network of decentralized applications. The base asset of the NEO blockchain is non-divisible NEO token which generates GAS tokens it can be used to pay for transaction fees generated by applications on the network.

 

NEO is often called Ethereum of China

The reason behind is NEO is positioned as a “public cloud” and it’s a part of a bigger strategy by the Chinese government in establishing of pre-eminence as a Blockchain platform industry leader. They want developers should use their tools and platform and develop the ecosystem.

 

Features of NEO

Delegated Byzantine Fault Tolerance (DBFT) algorithm

This is a consensus mechanism (instead of the traditional proof of work/stake) that allows the system to resist and maintains consensus even if some nodes bare malicious intentions.

 

NeoX

This system is to create the ability and to execute and operate across various blockchain.

 

NEO Contract

It is for creating the mechanism with smart contracts seamlessly in scalable, high-performance environments and that integrates pre-existing codebases.

 

NeoFS

This is a service which allows decentralized storage (like peer-to-peer Dropbox).

 

NeoQ

A matrix-based cryptographic mechanism, which create problems and  that cannot be solved by quantum computers to ensuring being quantum proof.

 

Reasons why NEO has no future:

1. NEO has a 100% pre-mine as well as proof of stake model which allows users to derive additional coins in the form of GAS, by holding them in the wallet.

2. NEO distributed coins through a crowdfunding event which allowed people to invest but NEO still made money from the sale and this is not the right thing to do.

3. NEO is divided into two batches of 50-50 million and somewhere somehow it is going to affect its future in the crypto market.

4. NEOs fund releasing is in multiple forms and this cause market dumping with some of it affects price & morality.

5. It has seen NEO attract criticism from those who consider it not to be a true cryptocurrency as its lack of decentralization.

6. NEO was built on the very badly written code exposing the network to major vulnerabilities and that its consensus mechanism was not properly implemented.

7. There is a bug ‘deep in NEO’s peer-to-peer protocol.

8. Every blockchain has its technical problem to solve, and there is no reason why NEO can’t overcome its teething troubles and alleviate over-centralization concerns given time.

9. Communication is one of the strong points for any team, but in NEO, it muddles on silence, the dissenting voices are getting louder.

10. The other major issue affecting NEO is its main use, in present springboard for ICOs. These type of projects need to prove themselves by adding some real values and more usability for NEO ecosystem.

 

The article represents the opinion of the author and is not an investment advise. You are required to do your own research and analysis before taking any decision.

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