Cryptocurrency Three Reasons Not To Buy Dogecoin In 2023 Dogecoin had an incredible price rally over 150% back in late October.The reasons, of course, were linked to Elon Musk.The Dogecoin price pumped at precisely the moment Musk walked into the Twitter HQ as its new private owner.Fast-forward two months and Dogecoin has erased all its price gains.Will Dogecoin breakout in price again in 2023? Here are three reasons not to buy Dogecoin.#1 – Dogecoin is pure speculation Dogecoin has no use cases.
The Twitter integration hype was based on pure speculation – though Musk has Tweeted about using Dogecoin on Twitter, he’s never made any promises or announced any dates for it.
With Binance a major investor in the Twitter takeover, there’s every chance that a blockchain network and payments provider like Binance gets the prize.
There’s a slim chance that Dogecoin could be used as a form of alternative payment on Twitter.But there’s also a big chance it won’t.If the latter is the case, then your Dogecoin investment has no clear signals it’s going anywhere.Since the days of Benjamin Graham’s The Intelligent Investor, no investment professional has ever recommended buying stocks and shares and currencies based on pure speculation alone.#2 – Dogecoin is inflationary It’s true.A total of 5 billion DOGE is added to supply each year.Inflation affects the Dogecoin price long-term.In the next 12 months, the DOGE price will fall over 3% if the market cap remains the same.
Long-term the effect of inflation will keep Dogecoin price stable at best – and, in fact, this is why Elon Musk likes Dogecoin.A crypto with a stable price means more people would be willing to buy and sell it, rather than hold it.Compare Dogecoin inflation to fixed-supply currencies like Bitcoin, or the current leading hyper-deflationary token in crypto: EverGrow.EverGrow is on track to burn 10-20% of its supply in the next 12 months.
This could make prices rise 21% even if the market cap remains the same.Add to that a crypto ecosystem helping thousands of users extra passive income through an NFT marketplace, a crypto content subscription app, and a play-to-earn gaming metaverse experience – EverGrow has both use cases and a deflationary nature.While Dogecoin has popularity, its structural limitations (it was built in about three hours as a joke) may start to weigh on it in 2023.Read more about EverGrow here: https://evergrowegc.com/ #3 – Dogecoin can’t interact with smart contracts Dogecoin faces other limitations besides inflation.
The Dogecoin blockchain can’t interact with smart contracts.Smart contracts are the building blocks of decentralised finance (DeFi) and NFT applications, and without them it’s hard to integrate Dogecoin payment systems and apps.For example: an integration into Twitter would be tough.While there’s a lot going for Dogecoin in 2023, a majority 71% of industry experts surveyed by Finder.com urged investors to sell their Dogecoin.Lack of use cases and limitations were the key reason experts were not backing Dogecoin in 2023.The post Three reasons not to buy Dogecoin in 2023 appeared first on Analytics Insight.Big Eyes Coin Bringing Positive Change To The DeFi Space: Big Eyes Coin, Cardano, Chainlink Although the growth of the decentralized finance (DeFi) industry can be attributed to numerous cryptocurrencies on the market, unique cryptos like Big Eyes Coin (BIG), Cardano (ADA), and Chainlink (LINK) intend to grow the industry even more with the positive features they provide.Big Eyes Coin (BIG) is Revitalizing the DeFi Market The Big Eyes Coin (BIG) project is a decentralized finance (DeFi)-based crypto project that intends to grow the financial industry through the use of meme coin technology.
With its contract fully audited and backed by Solidity Finance, the Big Eyes Coin (BIG) project is 100% secure as it provides decentralization to its users, thereby ensuring that they are in full control of the operation and management of their financial and digital assets.The Big Eyes Coin (BIG) ecosystem is represented by a cute cat that is well-versed in the operations of the business world and intends to use this knowledge to save the oceans of the world.Unlike most meme cryptocurrencies currently on the coin market, the Big Eyes Coin (BIG) project is giving back to its community as it ensures the donation of 5% of its total token supply to several charities around the world.The token that fuels the Big Eyes Coin ecosystem is referred to as the BIG token.
This token has a special policy that employs it in which it has no tax fees imposed on its users for every transaction the tokens are utilized in.This policy is known as the dynamic tax system which is characterized by a “No buy tax, no sell tax” mechanism.Cardano (ADA): Ramping Up DeFi Development One of the renowned decentralized finance (DeFi) solutions in the cryptocurrency industry is Cardano (ADA).Due to its relatively late entry into the game, it is currently playing catch-up with the other major DeFi participants and will only introduce smart contract capabilities in September 2021.
However, this hasn’t stopped developers or investors from flocking to the Cardano (ADA) network to take advantage of its special opportunities.Transaction volume has greatly increased with the acceleration of development, including the upcoming Vasil hard fork.Cardano (ADA) has now surpassed established competitors like Avalanche (AVAX) and Tron (TRX) as a result.For a time now, the most volume has been a point of contention amongst these smart contract systems.
But Cardano (ADA) has outperformed the majority of rivals.Chainlink (LINK): Blockchain’s Special Network for the Growth of DeFi Chainlink (LINK) oracle networks are protected by node operators utilizing security-audited software carefully certified to function at scale without interruption or corruption.A final certified solution is created by combining data from several premia and secured APIs, eliminating any potential single point of failure.The Chainlink (LINK) Network links hybrid smart contracts with high-quality data and off-chain processing to safeguard tens of billions of dollars within the DeFi ecosystem.
Using pre-built and dependable decentralized services, developers can quickly create, test, and deploy complex DeFi apps that utilize various external resources.Big Eyes Coin (BIG); Presale: https://buy.bigeyes.space/ Website: https://bigeyes.space/ Telegram: https://t.me/BIGEYESOFFICIAL For bonus tokens use code Ocean812 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.Cryptocurrency Looking For The Next Big Coin? Rocketize, Cardano, And Tezos Could Interest You This has been a tough year for the cryptocurrency market, with most coins taking a nosedive alongside the global financial markets.However, a new cryptocurrency, Rocketize (JATO), is gearing up to change the financial status of its holders, alongside Cardano (ADA) and Tezos (XTZ).This article will focus on the above cryptocurrencies and explore what benefits they bring to the coin market.Cardano – The Ethereum Upgrade Launched in 2017, Cardano (ADA) is billed as a third-generation blockchain, following Bitcoin (BTC) and Ethereum (ETH)—the first and second generations, respectively.
Cardano (ADA) is a developer ecosystem where users can create tokens, decentralized applications (dApps), and other applications for scalable blockchain networks.One significant feature of Cardano (ADA) is its ability to process multiple transactions per second.The ADA token is the native token on Cardano (ADA) used for decentralized, secure, and low-fee transactions.If you hold ADA tokens, you can earn rewards for delegating your digital assets to secure the network.You can also pledge your funds to a stake pool to increase the pool’s likelihood of earning rewards.In addition, the Cardano (ADA) platform runs a fully decentralized governance model.This means that every token holder holds a stake in the network, giving them the right to vote on proposals for the development of the blockchain and ecosystem.Cardano (ADA) claims to be a more scalable, secure, and profitable alternative to Ethereum (ETH) and other decentralized platforms.
It aims to improve the architecture of Ethereum (ETH) by prioritizing fluidity, stability, and scalability.
To crypto analysts, these remarkable features of Cardano (ADA) could translate to higher values and bring huge profits to its holders.Tezos – Designed For Transactions Tezos (XTZ) is a unique smart contract–based crypto platform similar to Ethereum (ETH), only differing in architecture and mode of operation.Unsurprisingly, Tezos (XTZ) has become one of the most popular blockchain networks within the cryptocurrency industry.
This is because it is more advanced than Ethereum (ETH), as it evolves and improves over time without the danger of the occurrence of a hard fork, as has been the case in Bitcoin (BTC).The Tezos (XTZ) blockchain boasts low energy consumption and carbon footprint.It also uses a DPoS (Delegated Proof-of-Stake) consensus algorithm, which helps keep the protocol secure and functional.Tezos (XTZ) is listed on top crypto platforms like Binance and Coinbase and has maintained a good spot in coin market rankings.
Rocketize Is Expanding the Scope of Meme Coins Rocketize (JATO) will enter the cryptocurrency market as a meme token, but it will offer much more, promising to contribute to revolutionizing the meme coin sector.Most meme tokens lack utility, but Rocketize (JATO) promises to offer DeFi services to its users.It will also power a non-fungible token (NFT) ecosystem where users can mint, collect, sell, and trade NFTs for high gains.Users will also profit from Rocketize’s (JATO) deflationary feature, which will utilize token burns to ensure growth in token demand and price value in the long term.These features indicate that the new cryptocurrency has the potential to yield 100% gains.Thus, crypto analysts predict that Rocketize (JATO) could become the next big cryptocurrency in 2023.Final Thoughts Rocketize (JATO) has what it takes to succeed upon entry into the cryptocurrency market.Like Cardano (ADA) and Tezos (XTZ), the new cryptocurrency could achieve tremendous success in the coin market.
If you seek to salvage your lost finances during this crypto winter, an early investment in Rocketize (JATO) could be your key.Click any of the links below to join its thriving community: Presale: https://rocketize.io/buy Website: http://rocketize.io Telegram: https://t.me/RocketizeTokenOfficial 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.Meme coins are called the jokes of the meme sector.But they have proven that they offer more utility for the past few years.Today, meme coins have become one of the best assets to purchase in the coin market.But it would help if you were careful when purchasing any of these tokens.
Only some of these projects are reliable.So, what are the best meme coins to give you 5x growth? Keep reading to learn more.Safemoon: Top-Tier Crypto Platform Safemoon is a meme coin that faced plenty of criticism many years ago but has also maintained its relevance.
This token represents the category of meme coins without any real utility.
According to Safemoon’s whitepaper, its developers designed it to encourage long-term investment in the coin market and discourage mindless selling.Safemoon prevents users from selling their tokens by charging a 10% fee on any sale.Half of this fee will be contributed to the liquidity pool.This is one of the ways the platform maintains its prices.
Shiba Inu: Dogecoin Killer Shiba Inu is one of the most famous tokens worldwide.This token was designed solely to be a replacement for DOGE.To date, it has done a fairly good job at this.Shiba Inu thrives by replacing all the deficiencies of Dogecoin.
Shiba Inu was designed on the Binance Smart Chain because of its additional speed.SHIB powers this decentralization protocol.SHIB is a BEP-20 token.You can identify Shiba Inu as SHIB on several crypto exchanges.Unlike Dogecoin, Shiba Inu has a centralized platform that can be used to host projects.
There are already some impressive projects on Shiba Inu, including Pancakeswap.This token is powered by three tokens: LEASH, SHIB, and BONE.However, SHIB is the leading coin on this platform.Shiba Inu runs on a deflationary system.This system gradually reduces the number of tokens in the project.Vitalik Buterin has already burned 50% of the token supply.Big Eyes Coin: Next Generation Meme Token Both projects mentioned earlier on are reputable meme coins.
They have stayed on the coin market for many years.As a result, they have proven their reliability to traders.On the other hand, Big Eyes is a relatively new meme coin.However, it has shown that it has enough promise to make it to the top.It may just be the next giant of the meme sector.But why do experts feel confident about Big Eyes? The first thing to note about Big Eyes is that the meme coin takes a completely different approach from other projects on the coin market.Its developers have created a detailed roadmap on how the cryptocurrency will grow.While the most popular names on the coin market have chosen a dog theme, this cryptocurrency has chosen a cat theme.
This would attract a new type of trader into the coin market – cat lovers.However, Big Eyes is not only meant for cat lovers.The developers of this cryptocurrency have outlined their intentions to transfer DeFi wealth to traders.Big Eyes will join an exclusive list of cryptocurrencies that can be used to mint NFTs.In the early stages, Big Eyes will only be used to mint a few NFTs.
As the number of Big Eyes NFYs grows, more users will be endeared to the market.
Big Eyes takes care of its users by offering them a centralized marketplace where they can sell their NFTs.This centralized exchange will allow users also to swap digital assets.
BIG is the native token that powers this blockchain.You’ll pay BIG to mint NFTs.
It’ll also be used to settle transaction fees.If you like this project, here is a promo code Ocean133 to win free tokens when purchasing BIG.
– Presale: https://buy.bigeyes.space/ – Website: https://bigeyes.space/ – Telegram: https://t.me/BIGEYESOFFICIAL 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.Top posts matic2 hours ago Polygon (MATIC) Depicts Further Downtrend, This Could Be The Next Support Level The Polygon (MATIC) price has been on a downward spiral for the last couple of weeks.Over the last 24…Altcoin performances3 hours ago ‘Ethereum Killers’ Managed To ‘Kill’ Themselves In 2022 Rather Than Beat The Smart Contract Economy’s Heavyweight Champ At the end of 2021, a myriad of people thought a handful of smart contract platform tokens, often referred to…
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