Dogecoin Looks Cheap On-Chain, But Leverage Is Building Fast
Dogecoin is showing signs of deep on-chain undervaluation after a heavy year-long drawdown, but fresh data from Alphractal suggests the latest bounce is being driven more by leveraged speculation than renewed network demand. While DOGE has surged 10.8% over the past 30 days, the recovery has not repaired the broader structure. The token remains 42.75% lower year-over-year and still trades 22.27% below its 200-day moving average, leaving the larger trend technically fragile despite improving short-term momentum. Dogecoin On-Chain Valuation Points To Capitulation The strongest bullish....
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New technologies bring the promise of exciting new services, but they also encourage those looking to make a quick buck at the expense of others. Email is a prime example of this. When the Internet began its rise to popularity in the 1990s, it was obvious the technology could be utilized to provide an easier way for people to communicate. However, email's no-cost model enticed many people who saw it as a cheap advertising medium, quickly creating a plague of annoying spam messages that advertised often-undesirable products. More recently, bitcoin's public ledger, the block chain, has been....
Charlie Lee is the creator of Litecoin, the most popular alternative cryptocurrency. He is currently director of engineering at Coinbase. I first discovered bitcoin in early 2011. Like many, I thought it was brilliant. Bitcoin transactions were decentralized, secure, fast, cheap and unlimited. Let's break down what this means: Decentralized: Thousands of nodes verify and relay all bitcoin transactions. Secure: The bitcoin network is secured by millions of dollars of hardware. Fast: Confirmations were fast. Zero confirmation transactions are very safe as double-spend attacks are....
Burger King Brazil has announced that customers can now purchase “dogpper” dog food using the Dogecoin (DOGE) cryptocurrency. Burger King Brazil Accepts Dogecoin As Payment For Dog Biscuits The fast-food chain has introduced a new product called Dogpper, a meat-flavored dog snack in the shape of a bone. The name of the Dogpper is a […]
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On-chain data shows the Bitcoin estimated leverage ratio has continued to hit new highs recently, a sign that could be bearish for the price of the crypto. Bitcoin Estimated Leverage Ratio Continues To Set New Highs As pointed out by an analyst in a CryptoQuant post, the BTC leverage ratio has been moving up since […]