Markets and Prices

DOGE Taps a Lifetime Price High, Mark Cuban Says Dallas Mavs Shop Won’t Sell Its Dogecoin

15/04/2021 by Idelto Editor

This week a number of digital assets saw significant gains, but the meme-themed digital asset dogecoin has seen a significant rise during the last 48 hours. Dogecoin tapped a high of $0.143 per unit on Wednesday and has spiked more than 104% during the last week. Meanwhile, the billionaire investor and television personality, Mark Cuban, says the Dallas Mavericks have been seeing increased dogecoin sales.

Dogecoin Skyrockets to New Heights, Food Network Star Guy Fieri Gives a Shoutout to Shiba Inu Crypto

Dogecoin (DOGE), the meme token that was launched on December 6, 2013, has skyrocketed to new heights on Wednesday. 2021 has been quite the year for DOGE traders, as the crypto asset touched an all-time high (ATH) at $0.143 per unit on April 14th.

The digital currency has jumped more than 104% against the USD in seven days and during the last week gained 82% against BTC. The cryptocurrency featuring the likeness of the Shiba Inu dog has also seen a massive +1,181% gain in three months’ time.

Elon Musk has always been a fan of dogecoin and other celebrities have been open DOGE fans as well. This week the star of the American food reality television show “Diners, Drive-Ins and Dives,” Guy Fieri took dogecoin to “Flavortown, USA” when he tweeted about the meme coin on April 13.

“Rollin’ out to the MOON,” Fieri tweeted with a rocket emoji and a dogecoin hashtag. Overnight trading sessions (EST) then saw the crypto token gather more than 20% during the course of the day on April 14.

Dallas Mavs Owner and Shark Tank Investor Mark Cuban Says Dogecoin Sales Have Increased This Month

Musk’s company Tesla also accepts bitcoin (BTC) these days and the company keeps BTC on the balance sheet as well. Moreover, if someone is to purchase a Tesla with bitcoin, Musk said the electric car firm doesn’t plan to convert the BTC into fiat.

In a very similar move, Mark Cuban, a well known investor and one of the hosts on Shark Tank, explained on April 13, that the Dallas Mavericks have been getting a lot of dogecoin sales, and the team is not selling.

Cuban tweeted:

FYI, the Mavs sales in dogecoin have increased 550pct over the past month,” Cuban explained. “We have now sold more than 122k Doge in merchandise. We will never sell 1 single Doge ever. So keep buying [at the Dallas Mavs Shop].

Dogecoin Gets a ‘Fast N Loud’ Push

If the Mavs are planning to keep dogecoin (DOGE) on its balance sheet, then the NBA team just might be the first corporate entity to do so with the meme-based coin. In addition to triple D’s Fieri, Richard Ray Rawlings star of Discovery’s “Fast N Loud” also mentioned DOGE this week. “Screw it, I’m on the Dogecoin train now. To the moon,” Rawlings tweeted.

Furthermore, the customized high-performance gaming PC company Ibuypower also talked about dogecoin on social media. The official Twitter account for Ibuypower told its 190,000+ followers:

Should we add Dogecoin as a form of payment? Asking for a friend.

Meanwhile, across many nations, the terms “dogecoin” and “DOGE” have been trending on social media. The term “dogecoin” on Google Trends (GT) indicates the word is rising in the U.S. in terms of queries. The trend is the same on a worldwide search and similarly, the term “DOGE” is rising as well globally on GT. At the time of publication, DOGE is exchanging hands for $0.123 to $0.132 per unit on Wednesday evening (EST).

What do you think about dogecoin surging and all the celebrities talking about the crypto asset? Let us know what you think about this subject in the comments section below.

Bitcoin Price Captures a $64,895 High, Pantera CEO Says ‘BTC Rally Exactly Like Previous Halvings’

14/04/2021 by Idelto Editor

Cryptocurrency markets have been surging during the last 24 hours, as billions of dollars have flooded into the crypto-economy. Bitcoin’s value touched an all-time high (ATH) once again on Wednesday morning (EST), reaching $64,895 per unit. The latest price rise is leading up to the upcoming Coinbase direct listing on Nasdaq.

Crypto-Economy Surpasses $2.2 Trillion in Value

Digital currency fans are quite pleased on Wednesday morning, as a slew of new gains has been recorded across the entire crypto-economy. The entire crypto-economy is currently valued at $2.2 trillion and is up over 4% today. Bitcoin (BTC) touched a high of $64,895 per unit and is currently trading for $64,229. BTC is up over 2.6% today and up 15.5% during the last seven days. Despite the new ATH, bitcoin (BTC) dominance among the 9,215 cryptocurrencies in existence is only 53% today.

Ethereum (ETH) has captured some of that dominance as the crypto asset ether is swapping for $2,380 per unit. This means that ETH now has 12.3% of the entire market capitalization. ETH is up 7% today and 21% for the week. Behind ETH is binance coin (BNB), which is trading for $572 per coin. BNB has jumped 1.9% today and a whopping 52% during the last week. XRP has managed to push tether (USDT) out of the fourth position as it currently trades for $1.82 per unit.

Cardano (ADA) is trading for $1.46 per coin, polkadot (DOT) is swapping for $42, and litecoin (LTC) is hovering around $272 per coin. Uniswap (UNI) is currently trading for $35 per unit and is up 1.3% today. The tenth-largest market position is held by dogecoin (DOGE) trading for $0.141 and is up a significant 86% on Wednesday. DOGE has been the forerunner as far as 24-hour gains are concerned among the top ten leading crypto assets.

#Bitcoin is now the 6th largest currency in the world, and has overtaken the British pound sterling in monetary base size pic.twitter.com/rlX9JWhMn6

— Documenting Bitcoin 📄 (@DocumentingBTC) April 14, 2021

‘Bitcoin Is Expanding its Range’

Just before the Coinbase direct listing and as BTC has touched a new ATH, a great number of investors and crypto executives are very positive. “Bitcoin has been continuously moving out of its niche, that’s no secret,” Eric Demuth, Co-CEO and founder of Bitpanda explained to Bitcoin.com News. “Whether it is its greater coverage in mainstream media, or the adoption of Bitcoin trading infrastructures by major banks such as JPM or Goldman Sachs. The decisive step was probably the first investments made by S&P 500 companies.”

Demuth further added:

Today, Bitcoin is expanding its range of private customers and is becoming increasingly important as an investment object for companies and pension funds. It’s record-smashing rally seen in recent weeks was partly driven by the entry of institutional money to the market. And yet, it seems as if opinions have become polarized leaving only two extreme positions on the subject: those who see this cryptocurrency as the holy grail and those who still refer to it as a purely speculative object and try to devalue Bitcoin with outdated and false myths.

Pantera Capital Predicted Bitcoin’s Current Price Range Last Year

Additionally, many others are quite optimistic about the market movements and BTC’s latest ATH. Dan Morehead, the CEO of Pantera Capital explained that his firm predicted these prices.

“This is getting ridiculous. A year ago we predicted Bitcoin hitting $62,968 this week. It just did. This Bitcoin rally is EXACTLY like previous halvings. Likely to reach $115k by August,” Morehead tweeted. The company also published the firm’s April 2020 Investor Letter which shows the firm’s prediction.

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What do you think about bitcoin tapping a fresh new all-time high ahead of the Coinbase listing? Let us know what you think about this subject in the comments section below.

Bitcoin Price Taps New All-Time High, Analyst Says ‘Fertile Grounds for BTC to Take a Fresh Leg Up’

13/04/2021 by Idelto Editor

The price of bitcoin has crossed a new all-time high (ATH) on Tuesday, as the leading crypto asset has jumped to $63,275 per unit during the early morning trading sessions (EST). At the time of publication, the entire market economy with over 9,203 cryptos is valued at $2.153 trillion with $164 billion in global trade volume.

Bitcoin Price Touches New Highs

Bitcoin (BTC) has finally crossed the psychological resistance at the $60k mark and even brushed past the last all-time price high. At around 5 a.m. (EST), bitcoin’s price jumped to a new ATH reaching $63,275 per BTC. At the time of writing, BTC is just under the $63k handle and has a market valuation of around $1.177 trillion today. That’s approximately 54% of the entire $2.153 trillion crypto market economy, while ethereum (ETH) captures 11.9% on Tuesday.

Bitcoin Price Taps New All-Time High, Analyst Says 'Fertile Grounds for BTC to Take a Fresh Leg Up' — Top five crypto asset markets on April 13, 2021.

Ethereum is swapping for $2,225 per ETH and has a market valuation of around $256 billion. The forerunner today is XRP which has gained a whopping 23% during the last day and 66% over the last seven days.

XRP is swapping for $1.70 a coin and is just below binance coin (BNB) markets. BNB is exchanging hands for $573 per unit and has a market valuation of around $85 billion. BNB captures over 4% of the entire market capitalization while XRP has around 2.98% today.

In the sixth position is cardano (ADA) which is trading for $1.37 per unit and the seventh position held by polkadot (DOT) is swapping for $41. Uniswap (UNI) has now taken the eighth position and is trading for $34.79 per coin. Litecoin (LTC) and bitcoin cash (BCH) hold the ninth and tenth positions respectively. LTC in the ninth position is swapping for $268 while BCH is trading for $721 per unit.

Delta Exchange CEO: ‘Overall Sentiment Is Still Strong’

Of course, a great number of crypto enthusiasts are very positive about the prices. The CEO of Delta Exchange, Pankaj Balani, is one of those people. In a note to Bitcoin.com News, Balani said “Bitcoin has been consolidating over the last month, while altcoins have hit fresh yearly highs. This is healthy consolidation for Bitcoin given that we have already hit close to 100% YTD return on BTC and the market needed to take a pause. The interest in Alts though, suggests that overall sentiment is still strong,” the Delta Exchange CEO added.

Balani continued:

These are fertile grounds for Bitcoin to take a fresh leg up. We have some resistance around the $60,000 mark but a successful break out here can mean Bitcoin pushing to $65K and looking to challenge the $70-$75K levels. On the other hand, traders are keenly looking at $50K as a crucial level as it acted as strong support during the March Futures expiry pull back.

Bitfinex CTO: ‘The Momentum May Continue’

The CTO of Bitfinex, Paolo Ardoino shares Balani’s optimism and told Bitcoin.com News that even though we have seen some turbulence and retracement BTC still advanced. “The digital token space continues to see tremendous growth and technological advances against a backdrop of increasing institutional adoption and Wall Street’s embrace of blockchain-based businesses. As a result of the growing demand in [decentralized finance (defi)], tokens other than bitcoin are expanding their reach, with select tokens emerging as front runners due to their efficiency and utility,” Ardoino said.

Ardoino further added:

Bitcoin has surged to a new all-time high in a rally that continues to be partly fueled by institutional buyers of the new digital gold. This momentum may continue as increasing numbers of funds and corporations add bitcoin to their investment portfolios. An ongoing pandemic may also be furthering a safe haven narrative for bitcoin, particularly in emerging markets where bitcoin is gaining traction.

While BTC trades at new heights, many people are curious as to where the leading crypto asset is headed. Alex Kuptsikevich, Fxpro senior financial analyst says that the last crypto winter saw infrastructure built and it has paid off.

“At this point, we are witnessing the major players in the traditional market having a warmer attitude towards the major cryptocurrencies,” Kuptsikevich told Bitcoin.com News. “The result will be more and more integration of the asset into the traditional market, but there is still a very troubling question about the attitude of the U.S. regulator about what is happening.”

What do you think about bitcoin touching a new all-time high on Tuesday? Let us know what you think about this subject in the comments section below.

Investor Says Bitcoin Bull Run Is Not Just Getting Started, Run-up Is in the ‘Top of the 7th Inning’

12/04/2021 by Idelto Editor

While bitcoin’s price has been consolidating for quite some time now, every now and then bulls have tried to press the price past the psychological all-time high captured in March. Meanwhile, a few bitcoiners have been saying that the bull market is “just getting started” even though the price has multiplied in value quite a bit. The financial entrepreneur Dave Levine has a bone to pick with these statements, after he insists the bottom was back in December 2018. Levine wholeheartedly believes, as far as the bull run is concerned, “it’s year 3 of the bull; the top of the 7th inning.”

Searching for the Elusive Bitcoin Bottom and Top

It’s only natural for a large group of investors who have been watching an asset rise relentlessly to believe that the asset will continue its upward trajectory for a very long time. Of course, many crypto proponents are all about the ‘long game’ and are willing to hold their crypto assets for 5, 10, and even 20 years or longer. There’s also a great number of people who have high expectations about the current bull run and price predictions are upwards of six digits for this year’s high.

For instance, there’s the notorious bitcoin stock-to-flow (S2F) price model creator “Plan B” (@100trillionusd) who is extremely confident in his model. Then at the end of March, Plan B said that he believes “we are only ~4 months into the bull market and nowhere near the end of it” and he also added that “bitcoin is just getting started.” A number of people responding to Plan B’s tweet believed him and agreed with his assessment. However, not everyone agreed with his sentiment and opinion that the bull market is only 4 months old.

The financial entrepreneur Dave Levine responded to Plan B’s March 26 tweet and disagreed entirely with his statement. “The bottom was [December 2018] at $3,000,” Levine stressed in his tweet. “It has been a mostly smooth curve up since then. It’s year 3 of the bull; the top of the 7th inning. It’s not over yet, but buying more now is for the late and slow. Newbies who think this is the beginning and start buying now will be REKT,” Levine added.

Levine even made a video about the subject and detailed his reasoning as to why he thinks Plan B’s “just getting started” statement is a touch irresponsible. Levine is correct about the leading crypto asset’s bottom as it melted down to a low of $3,100 per unit on December 18, 2018. Now people might get confused because of the black swan event that took place on March 12, 2020, otherwise known as ‘Black Thursday.’ At that time, BTC did bottom out into the $3k range but every single asset, security, equity, and commodity dropped in value that day and in unison.

“In this video, I give [Plan B] some sh** for this tweet,” Levine said. “‘Bitcoin is not ‘just getting started.’ The bull run started in 2019 and it’s dangerous to not let newbies know they are late to the current crypto cycle,” Levine further detailed on April 9.

Dave Levine: ‘I Hate a Chart That Goes Straight Up’

Levine’s video discusses how many crypto fans are smart but some digital currency investors are just following the momentum of hype. “They love the charts, because that’s all they got… It has nothing to do with bitcoin, right? Not like ethereum where you actually have an economy. So they love the charts, and they love a chart that’s going straight up. I hate a chart that’s going straight up. Especially if I want to get in,” Levine insists.

The entrepreneur is a proponent of the Ethereum (ETH) network and his content expresses this on numerous occasions. Some crypto supporters may even dismiss Levine’s opinion because of his favoritism toward ETH. However, a few digital asset fans agreed with Levine’s argument and responded to his statements on Twitter. For instance, the popular crypto Youtuber from the show “Colin Talks Crypto” replied to Levine’s tweet about the current crypto cycle.

“You’re totally correct,” Colin wrote. “We are MID-way on the bull run– not at the start. Anyone using this over-bullish terminology and saying “we’re just getting started” is misleading new people to buy in, at least in terms of the current bitcoin price cycle. I even made a video on this topic. Similar concept. “Why I would NOT recommend that my friends buy BTC now.” I share a story of my friend who got in mid-bull run and what happened to him.”

We don’t know exactly when these time frames officially began because many observers have different opinions especially when they got into the market early. Moreover, we don’t know what the top will be during this run-up and we don’t know exactly when it will happen.

What we do know is that there can be a lot of topical conversations from both sides of the fence and in the end, it’s up to the individual to decide whether or not they become a crypto investor at this time frame. People should listen to both interpretations and come up with their own reasoning as listening to FUD or hype and simply accepting it might not be a great idea. Check out Dave Levine’s video below to see what he has to say about Plan B’s “just getting started” statement.

What do you think about Dave Levine’s opinion in his latest video? Let us know what you think about this subject in the comments section below.

Rich Dad Poor Dad Author Robert Kiyosaki Predicts Bitcoin Price Will Be $1.2 Million in 5 Years

12/04/2021 by Idelto Editor

Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” has predicted that the price of bitcoin will increase to $1.2 million within five years. Kiyosaki revealed that he bought bitcoin at $9,000, adding that he may buy the cryptocurrency again “today or tomorrow just because I’m more bullish on it.”

Robert Kiyosaki Expects Bitcoin’s Price to Surpass $1 Million in 5 Years

Robert Kiyosaki has shared his prediction of how high he thinks bitcoin’s price would be. The Rich Dad Poor Dad author accurately predicted in December last year that the price of the cryptocurrency would reach $50,000 in 2021.

Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. Over 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

Kiyosaki was asked in an interview with Kitco News last week if it is too late to buy bitcoin at the current price of between $50,000 and $60,000. Noting that “There is always the entry point,” the famous author proceeded to share: “I bought bitcoin at $9,000 and I thought I was being fleeced but the reason I bought it at $9,000 was because Covid shut down the world economy,” he said, adding that “I wish I bought it at 10 cents like a lot of people did.”

He continued, “But now I look like a genius,” given the price of bitcoin is currently around $60,000. He additionally pointed out that money printing by the government, excessive stimulus, and the devaluation of the U.S. dollar are what give bitcoin and gold their appeal. The Rich Dad Poor Dad author elaborated:

I think it’s going to $1.2 million in five more years.

Regarding his bullish BTC price prediction, he was further asked whether he thinks the government would intervene in one form or another. Several notable people believe that the government could take serious measures against cryptocurrency, including outlawing bitcoin, including Bridgewater Associates founder Ray Dalio, The Big Short’s Michael Burry, and Ron Paul.

“I think they [the government] will try,” Kiyosaki replied. “But, the problem is too big,” he exclaimed. “Our pensions are going bust. Baby boomers have no money. They shut down the economy. They’re gonna print … another $1.9 trillion. So, it has never worked. It’s Gresham’s law. Bad money drives out good money. So, when a guy like me gets my hand on bitcoin, I’ll never spend it.” He noted that as a real estate guy, like former President Donald Trump, when he needs money, he would borrow it and spend the “fake money.”

While affirming that he still advocates for bitcoin, Kiyosaki admitted: “I prefer gold and silver because bitcoin is still untested.” Nonetheless, he proceeded to explain: “But I have the wherewithal to withstand the hit if it goes down. But gold and silver are God’s money. I know because I’ve traveled the world looking for this stuff.” Clarifying that he is “not really religious,” the famous author reiterated: “I’m very much in favor of gold and silver because it’s God’s money. God put it here.”

Kiyosaki also revealed that he may buy bitcoin “again today or tomorrow just because I’m more bullish on it.” However, he opined: “I’m not bullish on gold over bitcoin. I’m just bearish on Biden and his communist gang. That’s what I don’t like. I don’t trust the academic elite that’s called Bernanke and Yellen and now we have Powell. These guys are communists. They’ll print money. They’re central bankers.”

What do you think about Robert Kiyosaki’s bitcoin prediction? Let us know in the comments section below.