Day: June 13, 2022

Dogecoin Shed 91% Of Its Value Since 2021 High

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The Dogecoin army has been closely monitoring the meme coin’s depreciating value week by week. DOGE has lost an enormous amount of value from its all-time high on May 8, 2017, despite the fact that it remains one of the top 12 cryptocurrencies. Monday’s Coingecko statistics reveals that DOGE is trading at $0.054143, a decrease of 34% over the previous week. More than a year ago on this date, DOGE was trading at $0.739 per unit. Today, the 24-hour price range for this cryptocurrency asset is between $0.064 and $0.07…

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SOL, DOGE Lead Plunge in Major Cryptos as Traders Warn of ‘Severe Losses’ Ahead

“Some of the most important companies in the world like Apple [AAPL], Microsoft [MSFT] or Nike [NKE] have already reported slowdowns in sales, and Tesla [TSLA] has indicated that layoffs will come soon. These are clearly negative headlines, which combined with higher food and fuel prices, make people be careful about their savings,” Ortiz-Olave said, explaining that a slowdown in consumer spending would lead to a loss of revenue for major companies. Source

How to survive in a bear market? Tips for beginners

Usually, bear markets bring about a feeling of uncertainty in any investor. Even more so for a newcomer, for whom it can feel like the end of the world. It may even be common knowledge that during bull cycles, investors are sure of making gains. Whereas in bear markets such as this, an unimaginable amount of pessimism sets in. The co-founder and strategic lead at the Kylin Network, Dylan Dewdney, told Cryptox that the two major mistakes that investors make while feeling anxious are “One, over-investing and two, not investing…

ViaBTC Capital | After UST’s Fall, Can NEAR’s Stablecoin USN Avoid a Similar Death Spiral?

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Background In May 2022, UST and LUNA, which once recorded a total market cap of over $40 billion, collapsed overnight, and plenty of users suffered huge losses as a result. Following the crash, algorithmic stablecoins have once again become a popular crypto topic. USN, a stablecoin native to an emerging public chain named NEAR, was launched almost at the same time as UST collapsed. The fall of UST showed this nascent stablecoin how the death spiral of an algorithmic stablecoin can engulf and destroy everything like a terrifying black hole,…