With Market In Free Fall, Is New Crypto Meme Index a Safe Buy?
One crypto whale made $6.8M off a big bet over the weekend. But in the wake of a flurry of crypto news, both good and bad – and mostly bad – the rest of us are thinking: Why is crypto down now – again? The answer is complicated and doesn’t paint a great picture for […]
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The infamous dogecoin was one of the first meme-based digital currencies and it’s safe to say that the coin inspired a myriad of meme-focused or joke tokens meant to be used for fun. However, while dogecoin has had a phenomenal 2021 rising 8,515% in 12 months, during the last month dogecoin prices have stagnated a great deal. At one time, dogecoin held the fourth largest market capitalization but today, the original meme-coin’s overall market valuation has slid to the ninth position. Dogecoin Slips to the Ninth Largest Market Position After Price Highs Subside, 67% Down From....
As the crypto market has succumbed under the pressure of rising war tensions, the Dogecoin price has not been left out of the onslaught. Over the weekend, the meme coin saw an over 5% decrease as it broke below the critical $0.16 level, and is seemingly in free fall. This has naturally led to panic […]
As decentralized digital assets, Bitcoin and the crypto market at large has often been regarded as an isolated bubble or safe haven from the traditional stock market. But as an asset class, cryptos have always been fundamentally tied to equities, closely tracing price levels of major indices. This was clearly displayed in the global stock market crash last March, as Bitcoin plummeted nearly 50% as the S&P 500 and NASDAQ index both suffered 30% losses. […]
China's ChiNext Market is a tech-focused index akin to Nasdaq. The Shenzhen based index is currently crumbling: down nearly 8% today and more than 27% over the last three weeks. ChiNext in Free Fall. The ChiNext market has suffered tremendous losses recently. According to Reuters, the index is crumbling because of policy concerns. The dramatic losses come as Morgan Stanley advised it's clients to avoid Chinese stocks Friday Morning, telling their clients "Don't buy this dip". Evidently analysts at Morgan Stanley don't think this is rock-bottom, and the charts agree. The ChiNext has lost....
Anticipation among both crypto enthusiasts and bettors remains high for a potential Kanye West meme coin. If it becomes a reality, the token would almost certainly be one of the best cryptos to buy. The uproar has been caused by an alleged CoinDesk article, which all but confirmed Kanye’s meme coin ambitions. However, the market isn’t so sure anymore, as sources are saying CoinDesk received fake news. Nevertheless, the prediction market is seeing mind-blowing volumes ($18M+ at the time of writing) on the query of whether Kanye West will launch a meme coin by the end of....