Meme coins, a type of cryptocurrency that takes inspiration from internet memes, have gained popularity recently.While traditional cryptocurrencies like Bitcoin and Ethereum are valued based on their underlying technology and use cases, meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) are often driven by community sentiment and social media buzz, with no real-world utility.Despite this, they have attracted a following of investors who enjoy their fun and irreverent nature and the potential for short-term profits.Dogetti Challenges Its Predecessors Dogetti (DETI), a new meme coin, is on the rise and could challenge its predecessors.DETI features a dog and mafia theme and has achieved significant success in its presale market.The cryptocurrency is designed to build a strong community that can pass wealth down to family members.
Investors are drawn to DETI’s unique features, including the Dogetti DAO, NFT collecting, and breeding mechanisms.Dogetti has the potential to be a significant player in the cryptocurrency market, thanks to its strong community focus and innovative features.
Dogetti, which was launched in early 2023, has already left a significant impression on its target audience.During DETI’s pre-sale campaign’s second phase, the cryptocurrency industry was caught off guard when the sale of 7.59 billion DETI tokens resulted in a total of $627,052.Moreover, Dogetti has unveiled its latest DON50 token, which provides investors with a guaranteed 50% extra DETI for each purchase made using the code “DON50.” Dogetti’s distinctive characteristics, such as the Dogetti DAO, NFT collecting, NFT breeding mechanism, and upcoming advancements, have piqued the interest of investors and traders in meme coins.These features are aimed at making Dogetti a favoured option among crypto enthusiasts.
Based on reports, Dogetti has the potential to become a significant contender in the cryptocurrency market.Its emphasis on community and innovative features makes it a promising investment opportunity for those interested in the cryptocurrency realm.Shiba Inu’s Shibarium Puppynet Shibarium’s Puppynet, a native test network, has shown promising activity, with over 700,000 transactions processed from nearly 200,000 unique wallets since its launch.The upcoming features promise to further boost the value of SHIB and BONE, two tokens in the Shibarium ecosystem.While Shibarium’s upgrade may have a minor financial impact, Puppynet reaching 200,000 wallets in just over a week is remarkable.Unification, the firm behind Shibarium, is developing an all-in-one wallet solution that enables two-way asset transfers, staking/delegating, and includes a ShibaSwap integration module.
These developments suggest that the value of SHIB and BONE may witness a near-term price spike, but any such movements will likely be short-lived.Currently, SHIB is priced at $0.00001082, with a market cap of $6.38 billion.
Elon Musk Faces Lawsuit Tesla CEO Elon Musk is facing a $258 billion lawsuit that accuses him of operating a pyramid scheme to promote Dogecoin.Musk’s lawyers filed a motion to dismiss the lawsuit, arguing that his support for Dogecoin on social media, including phrases like “Dogecoin Rulz” and “no highs, no lows, only Doge,” is too ambiguous to constitute a fraud claim.They claim that expressing support for a legitimate cryptocurrency, which maintains a market cap of almost $10 billion, through tweets or humorous images is not a criminal offence.If the lawsuit is not dismissed, the case could go to trial, leading to financial penalties for Musk.
However, it is not clear whether or not the judge will dismiss the case.Meme coins like SHIB and DOGE have gained popularity in recent years, driven by community sentiment and social media buzz.Dogetti (DETI), a new meme coin, has emerged with unique features and a strong community focus, making it a promising investment opportunity.Shibarium’s Puppynet has shown promising activity, and upcoming features suggest a near-term price spike for SHIB and BONE.
Elon Musk is facing a $258 billion lawsuit that accuses him of operating a pyramid scheme to promote Dogecoin, and it is unclear whether the case will be dismissed or go to trial.For more information about Dogetti (DETI): Presale: https://dogetti.io/how-to-buy Website: https://dogetti.io/ Telegram: https://t.me/Dogetti Twitter: https://twitter.com/_Dogetti_ Disclaimer: The information provided in this article is solely the author/advertisers’ opinion and not an 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 by Analytics Insight and the team.Anyone wishing to invest should seek his or her own independent financial or professional advice.Do conduct your own research along with financial advisors before making any investment decisions.Analytics Insight and the team is not accountable for the investment views provided in the article.Sales of non-fungible tokens (NFTs) increased this week, with $179.64 million in sales over the last seven days.
NFT sales rose 7.28% and transactions grew by 2.29% during this period, but the number of digital collectible buyers decreased by 4.34%.NFT Sales Improve This Week, Rising 7.28% Higher Sales of non-fungible tokens (NFTs) have trended higher this week, increasing by 7.28%, with $179.64 million in sales recorded over the past seven days.Of the total sales, $111.62 million, or 62.35%, came from NFT sales on the Ethereum blockchain, cryptoslam.io stats show.Solana’s NFT sales were the second-largest this week, accounting for $20.66 million, or 11.54%, of the week’s total sales.This week, sales of Ethereum-based NFTs increased by 8.68%, while sales of Solana-based NFTs dropped by 20.88%.
NFT sales on Ethereum and Solana were followed by sales on the Polygon, Arbitrum, and Cardano blockchains.Two blockchains that saw notable increases over the last seven days include BNB Chain, which was up 19.73%, and Panini, which increased by 29.53%.
Theta blockchain NFT sales rose by 232.96%, but the increase only accounted for $2,805 in NFT sales this week.The top-selling NFT collection this week is Nakamigos, with $11.29 million in sales, up 76% compared to the previous week.
Other top-selling collections this week include Otherdeed, Bored Ape Yacht Club (BAYC), Cryptopunks, and Mutant Ape Yacht Club (MAYC).Sales for Otherdeed are down 20.67%, BAYC sales dropped 22.75%, Cryptopunks rose 34.80%, and MAYC sales slid 6.33% over the last seven days.Azuki sales took the sixth position this week, with sales up 90.54% compared to the previous week, with $4.29 million in sales.The most expensive NFT sold over the last seven days was Cryptopunk #3,990, which sold for $444,033 two days ago.
The second most expensive NFT sale was Azuki #3,194, which was purchased for $415,485 three days ago.Cryptopunk #3,810 sold for $414,105 roughly 24 hours ago, and Azuki #9,185 sold seven hours ago for $373,678.
The top three NFT marketplaces in terms of sales volume for this past week were Blur, Opensea, and the Immutable X market, respectively.Tags in this story Arbitrum, Art, Azuki, BAYC, Blockchain, Blur, BNB Chain, Bored Ape Yacht Club, Buyers, Cardano, collectibles, Cryptocurrency, cryptopunks, culture, dappradar.com, data analysis, Digital Assets, Digital Collectibles, Ethereum, Immutable X, increase, market analysis, Market NFT sales, Market Trends, Marketplaces, MAYC, most expensive, Mutant Ape Yacht Club, Nakamigos, nft, NFT sales, NFTs, Non-fungible tokens, Opensea, Otherdeed, Panini, Polygon, sales, seven-day, Solana, Statistics, technology, Theta, Top-selling, transactions, trend, Virtual World What do you think the future holds for the NFT market? Will it continue to grow, or is this just a passing trend? Share your thoughts in the comments section below.Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida.Redman has been an active member of the cryptocurrency community since 2011.He has a passion for Bitcoin, open-source code, and decentralized applications.Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Nakamigos 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.Economist Peter Schiff praised the artificial intelligence of the Chatgpt assistant for omitting bitcoin in a suggested “recession-proof” portfolio.The long-time gold proponent commented on a report claiming the chatbot has recommended “massive allocations” in precious metals.Schiff Cites Study Alleging Chatgpt Favors Gold and Cash as Investments in Recession Rigorous crypto opponent Peter Schiff took to social media to highlight a recent report revealing that Openai’s Chatgpt has not considered bitcoin as an option when prompted to advise about a recession-resistant investment portfolio.
Linking to an article about the test in a tweet on Thursday, Schiff noted: #ChatGPT AI is pretty intelligent after all.It didn’t recommend any allocation to #Bitcoin.https://t.co/mnhRN2TmFm — Peter Schiff (@PeterSchiff) April 6, 2023 The referenced experiment has been conducted by a platform offering information on gold IRA (individual retirement account) investments.According to a blog post, the artificial intelligence (AI) chatbot was asked to produce example allocations “resistant to boom and bust cycles.” According to a press release by Gold IRA Guide, Chatgpt suggested diversification across a range of cash-like assets and commodities.The mix included defensive stocks, bonds, cash, and precious metals to create a “truly recession-resistant portfolio.” The announcement details that the allegedly “ideal model” included 40% bonds, such as fixed-income government and corporate bonds, and 30% blue chip stocks like healthcare, utilities, and essential consumer goods.For cash and its various equivalents — U.S.dollars, money market funds, and certificates of deposit — were reserved as 10% of the portfolio.Gold and other precious metals, in the form of physical and “paper-backed” gold and silver assets, including gold ETFs and mining stocks, got 20%.
“This figure far exceeds the number proposed by prominent ‘gold bug’ wealth managers such as Ray Dalio and Peter Schiff,” the authors remarked.Schiff recently predicted that a bull market for gold will lead to even higher prices than currently observed, as Bitcoin.com News reported on Thursday.
His statements came after the most popular precious metal broke the $2,000 mark earlier this week.Tags in this story ai, Artificial Intelligence, Assets, assistant, Bitcoin, bonds, chatbot, Chatgpt, Crypto, Cryptocurrencies, Cryptocurrency, Economist, Experiment, gold, Gold Bug, investment portfolio, Peter Schiff, Portfolio, report, Schiff, stocks, study Do you agree with the allocations in the AI-suggested investment portfolio and with Peter Schiff? 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.According to several reports, the Salvadoran government-issued bitcoin wallet, Chivo, has been freezing wallets and requesting that owners verify the source of funds.
The founder of El Zonte’s Bitcoin Beach stated that the government’s bitcoin wallet software is flagging and freezing wallets that receive transactions from Wasabi, a non-custodial bitcoin wallet that utilizes Coinjoin technology to obscure onchain transaction monitoring.Bitcoin Beach Founder Says Salvadoran Government Is ‘Bowing to U.S.Pressure to Thwart Privacy’ Bitcoin (BTC) is now legal tender in El Salvador, and the government offers infrastructure services such as bitcoin automated teller machines (ATMs) and a mobile bitcoin wallet called Chivo.The Chivo wallet has faced criticism in the past, and the International Monetary Fund (IMF) has raised concerns about the wallet’s regulatory oversight.
Recently, the founder of El Zonte’s Bitcoin Beach and other community members reported that Chivo wallets were being flagged and frozen.“This week a local carpenter we know had his wallet frozen for $1000 transactions,” the Bitcoin Beach Twitter account stated on April 3.“They asked him to prove the origin of funds.The friction will push people back to the traditional banking system.Their bank transactions receive less scrutiny than [bitcoin] transactions.Small normal legitimate transactions that they the need to spend hours trying to justify.” In another tweet, Bitcoin Beach reported that the Chivo software is flagging and freezing wallets that receive transactions from Wasabi, and apparently, they are “bowing to U.S.
pressure to thwart privacy.” Furthermore, the founder of Bitcoin Beach, Mike Peterson, addressed the issue during a live broadcast.“We as bitcoiners need to keep putting pressure on Chivo, on the government, on these people because they are getting pressure from this other direction,” Peterson stated.According to reports, Chivo wallet users who have their funds flagged and frozen must provide documentation on the origin of the money.However, not everyone subscribes to the theory that Chivo is blocking Coinjoin transactions originating from Wasabi.“I have sent post mix coins to Chivo addresses without any problems,” explained the Twitter account Escape to El Salvador.“I’m not saying the person Mike paid didn’t get their account frozen, but there simply is no proof that it was because of that.
Believe it or not, there are many people who say things on the internet w/o verifying,” the individual added.Wasabi is a bitcoin wallet that enables users to mix their unspent transaction outputs (UTXOs) with others using a technique called Coinjoin.Additionally, blockchain analysis firms like Chainalysis have claimed that Wasabi’s mixed transaction method can be de-anonymized or de-mixed.Following Bitcoin Beach’s tweets about the matter, a Twitter account named Peter Pan remarked, “El Salvador is not winning…” However, the Bitcoin Beach Twitter account disagreed with the assertion, insisting, “El Salvador is definitely winning- just bumps in the road along the way.Still the easiest place to live on a bitcoin standard by a large margin.” Tags in this story ATM, Bitcoin, Bitcoin Beach, Blockchain, Chivo, Chivo ATMS, chivo wallet, CoinJoin, Criticism, Cryptocurrency, de-anonymized, de-mixed, Digital Currency, documentation, El Salvador, el salvador bitcoin, flagging, freezing, Funds, Government, IMF, infrastructure, legal tender, pressure, Privacy, Proof, Regulation, Salvadoran, Traditional banking, transactions, unspent transaction outputs, utxos, Wallet, wasabi What do you think about the situation with Chivo freezing wallets and requesting proof of the origin of funds? Do you believe this is a necessary step for regulatory oversight, or do you think it goes against the spirit and core tenets of bitcoin privacy? Let us know in the comments section below.Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida.Redman has been an active member of the cryptocurrency community since 2011.He has a passion for Bitcoin, open-source code, and decentralized applications.
Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.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.
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