Posted on 05/18/2023 6:01:00 AM PDT by Kaiser8408a
Is the thrill gone from Dogecoin?
In the crazy world of Cryptocurrencies, two “coins” stand out: the venerable Bitcoin and Billy Markus and Jackson Palmer’s Dogecoin (aka Dog Coin based on a Shiba Inu dog.
After a jolt of popularity, likely related to Elon Musk’s tweets, dogecoin has dropped -46.5% since November 1, 2022 while Bitcoin has gained 34% over the same period.
In the highly volatile world of cryptos, XRP is today’s leader at +4.81%. Today’s biggest loser is Polygon at -2.31%. Dogecoin is down almost -1% while Bitcoin is up slightly.
With Washington DC completely out of control (see the Durham report on the attempted coup by Hillary Clinton, Adam Schiff, Liz Cheney, etc., the FBI. CIA and the rest of the Deep State), don’t be surprised if dim bulbs like Liz Warren and AOC try to make alternatives to the US Dollar illegal.
Speaking of DC being out of control, the CDS for the US rose again on the failure of Biden/Yellen/Schumer to agree on a sensible Federal budget.
(Excerpt) Read more at confoundedinterest.net ...
I don’t trade in cryptos, but if I am not mistaken, unlike bitcoin, dogecoin has an unlimited potential supply. No cap. For that reason it was always destined to have price corrections. The only way I would buy dogecoin is with the intent to sell whenever it rises. Ride the waves. It’s biggest price influence is media and culture.
Correct. Dogecoin is basically worthless because it has an unlimited potential supply. Bitcoin is the exact opposite.
He mentioned XRP. Note: I hold a bunch of those. This one is different. One, it is technology meant to replace the outdated and clunky SWIFT system banks have been using for decades to settle transactions. Two, XRP is currently used by individuals for international money transfers - especially remittances...in fact its used widely in Asia and is increasingly used in Latin America and the Middle East. Its much faster and cheaper than a money transfer.
XRP’s value has been suppressed because the SEC sued the company (Ripple) which owns XRP claiming XRP is really a security. Everybody was terrified that if the SEC was suing it must have something. Well over 2 years later and by all accounts....nope! The SEC is just massively over reaching here and is losing the court case. When a final judgment is issued and the SEC loses, look for XRP to go up.
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