Dogeliens Token (DOGET) is currently smashing through its presale pages.The meme token has a promising ecosystem and a great roadmap to follow.The platform is set to knock out Ethereum Classic (ETC) and Monero (XMR)! Is that true? Let’s check out defining attributes of all three.Ethereum Classic – The New Ethereum! Ethereum Classic (ETC) is an open-source, blockchain-based platform employing smart contract utilities.ETC is a hard fork of Ethereum, which uses smart contracts.The platform was founded due to a hack of smart contracts operating on the Ethereum blockchain.
The ETC platform is maintained and run by a group of miners who intend to apply different development plans for the blockchain.What Makes ETC Unique? As already mentioned, ETC is a voluntary organization run by a group of miners.The developers of ETC do not intend to turn it into a sole profit-based entity.ETC employs a proof-of-work (PoW) algorithm where users pay transaction fees, and miners collect them based on work.ETC has no plans to convert to a proof-of-stake (PoS) mining algorithm, where multiple developers continue to work on improvements like scaling solutions.Monero – The Privacy Token! Monero (XMR) is a cryptocurrency that intends to allow private and anonymous transactions.
For many top cryptocurrencies, it was thought they could conceal a sender’s identity.Still, it’s often easy to trace the money back to the source as blockchains are transparent.
On the contrary, XMR is fashioned to hide senders and recipients through modern cryptography.What Makes XMR Unique? XMR aims to achieve the highest level of decentralization possible; in other words, with XMR, a user doesn’t need to trust anyone else on the platform.Tokens, including Bitcoin, has their serial number, which helps monitor their usage, while XMR is entirely fungible.In the case of XMR, by default, details about users, recipients, and the amount of crypto being transferred are obscured, making XMR transactions ultimately private and anonymous.
Dogeliens Token – The New Dog-themed Meme Token! The new member of dog-inspired meme house Dogeliens Token (DOGET) is all ready to kick start its journey, which could lead to success in the long run.DOGET intends to be far more than just a meme token.It plans to bring real-life utilities besides the fun part, which is the feature that makes it a step ahead of other meme tokens.
DOGET will be the platform’s native token that could be used for monetary purposes, such as staking, money transfers, earning rewards, trading NFTs, etc.Highlights Of DOGET With a total of 25B DOGET in circulation, 30% will be given for sale in presale, 35% will be reserved for game development, and the rest of 80% for material at the University of Barkington, the presence of token in abundance proves that the idea is genuine and not just a joke.The platform will have a proportional voting system, where users can cast polls on important decisions, ending the abuse of power by authority.Also, the platform will conduct ballots for any charity of its choosing.
How To Get DOGET? As mentioned, DOGET is out for its presale.Currently, the dog-themed token is at the 1st stage of the presale, where 1 USDT can get you 1000 DOGET tokens.If you want to grab some DOGET, now is a perfect opportunity.
They won’t be as low once the stage ends.Use your crypto wallet to purchase your share of DOGETs from their official presale page.
The hype surrounding this endeavor indicates that it is not to be overlooked.Dogeliens (DOGET) is a potent cryptocurrency, and this is undoubtedly the best time to be a part of its community.Moreover, the platform offers attractive bonuses for those who purchase it in presale.For every presale purchase of $250, you can get 3% extra DOGET tokens.You can also have 10% DOGET after purchasing tokens in the 1st presale stage.
Likewise, the purchases in the second phase of presale will get you 75% extra tokens.To learn more about Dogeliens Token (DOGET), you can visit the following links: Presale: https://buy.dogeliens.io/ Website: http://dogeliens.io/ Telegram: https://t.me/DogeliensOfficial The post Can Dogeliens Make Crypto Enthusiasts Drop Ethereum Classic And Monero Out Of Their Portfolios? appeared first on Analytics Insight.Crypto news Solana Continues Its Freefall – Will The FUD Ever Stop? Solana has been on a freefall since the collapse of FTX and has not been able to move upwards because of the FUD (fear, uncertainty and doubt) surrounding the ecosystem and its connections with the former crypto exchange.According to recent news, Solana’s native token SOL has dropped 51.14% since the day FTX fell from grace.Solana: Dead Or Not Dead? The current situation might be confusing to investors.
Based on data by CoinGeko, the token shot up by 5.4% in the past 24 hours which might be a signal that investor sentiment is reversing.However, the FUD still remains strong around the ecosystem itself.
Messari released an overview of the ecosystem back on December 15.The basic gist of the overview was that Solana is still a solid ecosystem even after the collapse of the Sam Bankman-Fried-led exchange.However, recent Santiment insight on the ecosystem shows that it might be already dead.The most notable on-chain development for the token was the significant drop in developer activity despite a lot of projects being developed on the ecosystem.Although it is difficult to say whether Solana as a whole is dead or near it, it is easier to say that the ecosystem is struggling to keep itself afloat because of its close ties with FTX.Image: Coincu News What This Means For Holders Of SOL The crypto community seems to be very bearish at the moment considering what transpired in the past weeks courtesy of some major macroeconomics news, including the spate of job cuts and bankruptcies by big crypto firms.Those who are bullish for the ecosystem point to ETH’s crash back in 2018 and how SOL’s movement mimics this.
For everyone that sold #ETH in 2018 for 88 USD and for everyone who is selling $SOL sub 10 USD! Fundamentals haven’t changed and Solana isn’t FTX! Just sayin! pic.twitter.com/IBYzldEaBd — MANDO CT (@XMaximist) December 29, 2022 MANDO CT, a self-declared crypto expert, said the above on his pinned tweet.Others try to refute the claim that Solana only blew up with the help of Bankman-Fried’s dirty money with documents which show SBF supporting competitors of Solana.SOL total market cap at $3.5 billion on the daily chart | Chart: TradingView.com However, SOL’s price movement reflects investor sentiment on the token itself – fear, uncertainty, and doubt: – fear that the ecosystem would inevitably follow the path of FTX.- uncertainty on what 2023 will bring for Solana.- doubt regarding the ecosystem despite the amount of projects being worked on top of it.
However, with several big developments like Solana Pay and the nearing launch of its own mobile phones, we might see 2023 to become a crucial part of Solana’s recovery, or a further catalyst of its downfall.
– Featured image: Cryptopolitan Christian Encila Freelance writing is Christian’s other cup of tea.
When not on his computer, he unwinds with a bottle of beer and laughs with his son over cartoons.Other than that, he’s just like everybody else who wants to be happy with their life.countries reeling under the impact of cryptocurrency Top 10 Countries Reeling Under The Impact Of Cryptocurrency Cryptocurrency or often called crypto is any form of currency that exists digitally or virtually and uses cryptography to secure transactions.Top cryptocurrencies don’t have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.As we are about to say goodbye to 2022, cryptocurrencies are still flourishing and the impact of cryptocurrency is getting more dominant in the countries.A large count of investors is hunting for promising and probable digital cryptocurrencies to secure their future returns.Digital tokens are now being utilized as a trading medium and there are many countries reeling under the impact of cryptocurrency.Now as crypto is reaching all corners of the world, every country has passed legislation on it.
Many countries adopt a more relaxed approach to cryptocurrency while other countries have imposed strict crypto regulations.
Although cryptocurrencies are unregulated, inexpensive top cryptocurrencies are safer and less prone to fraud because of blockchain technology.
At present, almost 10 percent of the total population of the world owns some form of cryptocurrency.The adoption of bitcoin and other cryptocurrencies has skyrocketed more than 800% in comparison to 2021.Here we will see the top 10 countries reeling under the impact of cryptocurrency.Thailand Thailand is top of the list of countries reeling under the impact of cryptocurrency.Presently Thailand has the highest share of cryptocurrencies across the world.Almost 20.1% of Thai internet users own digital currencies.
Bitkub is the leading exchange for cryptocurrency in Thailand.This platform was used by 72 percent of respondents who traded cryptocurrencies and as result, it has become popular.In November 2022, Tether gained the Thailand crypto market and became the most traded cryptocurrency in Thailand, which accounted for 17.3 percent of the entire market.Other leading traded cryptocurrencies in the country were Bitcoin and Ethereum.Philippines The Philippines is second in the list of countries internationally adopting trading of cryptocurrencies with 19.4.
PDAX is the Philippines’ homegrown cryptocurrency exchange that empowers Filipinos to trade cryptocurrencies backed with dedicated local support.It is estimated that nearly 7 million Filipinos which nearly comes to 6.13 percent of the total population, own cryptocurrency.Nigeria The third country internationally in the adoption of cryptocurrencies is Nigeria, with 19.4 percent of the population practicing the trading of Cryptocurrencies.
Nigerians are the most open to crypto trading and spending, but the country is hardly alone in its rapid adoption of what was a mostly unfamiliar novelty until very recently.The most traded cryptocurrency is Bitcoin, and other cryptocurrencies popular in Nigeria include Dash, Ripple (XRP), and PayChatik.With a total cryptocurrency transaction volume amounting to US$400M, Nigeria ranks third to see the impact of cryptocurrency.South Africa South Africa comes next on the list of countries reeling under the impact of cryptocurrency.
In South Africa has also more than 19 percent of internet users are owners of cryptocurrencies.To date, South Africa does not regard cryptocurrencies as legal tender, but cryptocurrencies may be used.Here, cryptocurrencies are not regulated by a central authority such as a bank.South Korea South Korea has almost 13.4 percent cryptocurrency owners.South Korea has long been labelled the crypto hotspot of Asia.Nearly up to 30% of all crypto trading worldwide is powered within the Korean market.
Presently it is not legal to own, sell and buy crypto assets in the country as per crypto regulations by the South Korean government.Argentina Argentina has served as a regional leader in the area of cryptocurrency.Under the National Constitution of Argentina, the only authority capable of issuing legal currency is the Central Bank.Argentina has history of being an early adopter of cryptocurrencies, in part to protect against inflation and to circumvent prohibitions on transfers of foreign currency outside its borders.Although cryptocurrencies are not prohibited, the Argentinian government has promulgated crypto regulations with respect to cryptocurrencies, particularly in the areas of taxation and anti-money laundering.Malaysia Malaysia is among the top countries reeling under the impact of cryptocurrency with 13.2% cryptocurrency owners.
Although the Bank Negara does not issue any cryptocurrency, it is not an acceptable legal tender in Malaysia.But Some of the cryptocurrencies that the security commission has approved in Malaysia are BTC, ETH, Bitcoin Cash, Ripple, Litecoin, etc.The interested people can buy digital currencies in any registered exchange in Malaysia.Turkey At an average Turkey records 18.6 percent of cryptocurrency owners.
With a dwindling economy and devalued national currency, it’s hardly surprising that Turkey takes the lead in cryptocurrency ownership.In fact, the anonymous co-owner of Bitcoin.org tweeted about the huge surge in traffic from Turkish investors in the mid of 2022, saying this is how Bitcoin takes over the world.It is estimated that over 2.4 million people, 2.94% of Turkey’s total population, currently own cryptocurrency Brazil Brazil records 16.1 percent of cryptocurrency owners.Amid a crypto boom in Brazil, several global exchanges like Binance, Coinbase, Crypto.com, see the country as Latin America’s main market in 2022.It is estimated that 16 million people, 7.8 percent of Brazil’s total population, currently own cryptocurrency.
Indonesia Indonesia has 16.4 percent of cryptocurrency owners.Bitcoin (BTC) Ether (ETH) Polkadot (DOT) Cardano (ADA) are some legal digital assets in Indonesia.Currently, Bitcoin is the most popular cryptocurrency in the country and remains the digital currency with the highest transaction values among Indonesian investors.Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only.By using this, you agree that the information does not constitute any investment or financial instructions.
Do conduct your own research and reach out to financial advisors before making any investment decisions.Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank.
The new form of national fiat has brought no benefits to the banks and should expand beyond being employed only as a substitute for cash, the banker believes.Common People Used to Cash and Cards, Ex-PBOC Executive Notes Usage of China’s central bank digital currency (CBDC) has been “low, highly inactive,” according to Xie Ping, former director-general of research at the People’s Bank of China (PBOC).Ping made this observation at a conference devoted to digital finance.“The cumulative circulation of the digital yuan in the two years of the trial has been only 100 billion yuan” ($14 billion), he detailed, quoted by the financial news outlet Caixin and Reuters.In his view, the application of the digital yuan needed to be widened.“The results are not ideal,” Xie concluded during the forum which was organized by the Tsinghua University.He emphasized that “what needs to change is the digital yuan acting only as a substitute for cash and only for consumption.” The payment market structure formed by cash, bank cards, and third-party payment platforms are currently satisfying the needs for daily consumption in China.
“The common people are used to it, and changing it is difficult,” he remarked.China has been at the forefront of the race to develop CBDCs with efforts to promote the digital yuan through a number of red envelope campaigns, giving away e-CNY to stimulate its use, and by expanding the geographical scope of the pilot project to new cities and regions.Authorities have also been trying to increase the use cases for the digital version of the renminbi, with the latest examples including the introduction of digital yuan payments in the public transportation systems of Ningbo and Guangzhou.In September, the PBOC called for more of these use-case scenarios and urged for deeper integration of its new currency with e-payment providers.According to Xie Ping, digital yuan business had no synergistic effect and no commercial benefits for banks’ business while third-party payment systems such as Alipay offered a range of more attractive functions such as investment, insurance, and consumer lending.That’s why the ex-central bank official believes digital yuan usage can be expanded by allowing individuals to buy financial products with the state-backed coin, for example, and by connecting it to more traditional payment platforms in order to create new opportunities to spend it for consumption.Tags in this story CBDC, CBDCs, Central Bank, China, chinese, Circulation, Crypto, Cryptocurrencies, Cryptocurrency, Digital Currency, Digital Yuan, former official, Official, PBOC, trials, use, use cases, Yuan Do you think use of the digital yuan will grow with an increase in the use-cases offered by the Chinese government? Share your thoughts on the subject in the comments section below.
Lubomir Tassev Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.Bitcoin.com does not provide investment, tax, legal, or accounting advice.Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.Top posts Crypto news4 hours ago Solana Continues Its Freefall – Will The FUD Ever Stop? Solana has been on a freefall since the collapse of FTX and has not been able to move upwards because…
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