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Dogecoin Price Analysis: Will Current Spike Turn Into Bull Run?

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Dogecoin has shown a fair share of profit booking but shows signs of retracement. For the near term, DOGE is trading well above its consolidation zones and is currently fighting sellers at the first resistance. The price momentum, reversal in price action, and breakout are all positive aspects showing a good upside potential in this crypto counter.

Dogecoin Price Analysis

Dogecoin Price Analysis: Will Current Spike Turn Into Bull Run?

4-hour chart patterns are for day traders, who intend to take a trade with high conviction, and the chart patterns provide a clear picture of the current market sentiment. Dogecoin would most probably trade between the first and second resistance lines before making a breakout on daily chart patterns. The last two days of positive closing have increased the confidence of traders and investors in this cryptocurrency. As such, today’s closing price will carry a significant value in identifying the further possible momentum in this cryptocurrency.

Dogecoin Price Analysis News

Dogecoin Price Analysis: Will Current Spike Turn Into Bull Run?

The best aspect visible at the one-day chart is large volumes, low sideways trading, and fight at the first resistance. But the main highlight is below the charts, as the MACD indicator predicts a possible strong golden crossover within the next few days. If MACD marked a golden crossover, it would bring further positive sentiment to Dogecoin, pushing the price action close to the psychological levels of $0.50.

Dogecoin Price Analysis Chart

Heiken Ashi is among the clearest chart patterns to read the market sentiment, and on a one-day chart, it will become a buy signal if the high of the current day candle in this pattern crosses $0.3855. 

Till that point, traders can consult the hourly charts. MACD indicates a possible golden crossover here, and RSI is close to neutral levels of 40. It indicates a possible positive up move.

Dogecoin Price Analysis Chart News

Hiken Ashi charts are also showing an up move, but the indications of MACD and RSI on hourly charts indicate a profit booking. According to our Dogecoin predictions, wait for a good buying opportunity for making a fresh entry. 

Short positional trades are in a negative trade, but daily traders can expect a decent up-move from the current levels. It is noted that traders and investors considering longer time frame charts have a higher probability of winning on trade. 

Source: https://www.cryptonewsz.com/dogecoin-price-analysis-will-current-spike-turn-into-bull-run/

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The Bitcoin Water Trust Announces New Charity Model ‘HODL MODL’

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The charity will take donations in Bitcoin, hold them until 2025 and use the earnings to bring drinking water to those that do not have it. 

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The Bitcoin Water Trust is a newly formed trust from Charity: Water and is aimed directly at bringing drinkable water to places that have no access to it currently. The trust was established last week by the charity at the Bitcoin 2021 Conference. 

Now, the trust is looking to add some trendy terms to their project in the hopes of gaining more interest. The new charity model, HODL MODL, uses the popular acronym HODL or “hold on for dear life,” which has been a popular mantra for many crypto investors.

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That pretty much sums up the charity’s plan for their BTC donations, as they plan to leave it untouched until 2025. The idea is that giving today will yield a more significant impact in a few years if invested in bitcoin. 

Charity: water will utilize Gemini’s cryptocurrency wallet to accept donations of bitcoin along with holding said donations until the agreed-upon time. Additionally, co-founders Cameron and Tyler Winklevoss have pledged to match the first 50 BTC donated to The Bitcoin Water Trust.

The pair, along with the project they co-founded, are hyper-focused on ending the global water crisis. Currently, charity: water has provided clean water to 12.7 million people in 29 countries. Charity: water has been accepting bitcoin since 2014 but has thus far immediately sold the digital asset to fund new projects.

Through this new trust, they will hope to earn enough to save more by investing and make more of an impact on the 785 million people globally who still lack access to clean water.

Scott Harrison, CEO of charity: water stated that “We’ve been encouraged by the overwhelming support we have seen already for the Bitcoin Trust Initiative. By establishing this trust, we aim to harness the transformational power of this generational digital technology to make a lasting social impact, and in the process to provide a potential model for other charities who are working to do the same.”

Charity: water noted on their website that all staff and operating costs are covered by a group of more than 100 donors, known as The Well, who had already raised more than $500 million dollars for the project. 

Crypto charities gaining attention 

The non-profit also has some big names attached as donors, including skateboarding legend Tony Hawk who has been a backer for over a decade. Hawk says he believes bitcoin has the potential to find a home in charitable growth. Along with Hawk, charity: water has already found 100 donors to give at least one BTC to help meet the project goal of 100 BTC. Other notable members of the charity’s group of donors include Michael Novagratz, Barry Silbert, and Yoni Assia. 

The spread of cryptocurrencies has led these crypto-funded charities to gain a lot of traction in recent years. Two new projects, Elongate and Munch, recently raised more than $3 million for charitable causes. The Giving Block has also launched a new Crypto Giving Pledge, and The American Cancer Society has also begun accepting donations via cryptocurrencies.

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All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Matthew De Saro is a journalist and media personality specializing in sports, gambling, and statistics. Before joining BeInCrypto, his work was featured on Fansided, Forbes, and OutKick. With a background in statistical analysis and a love of writing, he takes an outside-the-box approach to reporting news.

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Source: https://beincrypto.com/the-bitcoin-water-trust-announces-new-charity-model-hodl-modl/

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Rapid Growth of NFT Platform Getart.io

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Getart has an ambitious goal of being the world’s largest digital marketplace for non-fungible tokens (NFTs), such as ERC721 and ERC1155 assets, as well as placeable cryptocurrencies.

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NFTs have introduced the world to digital art, collectibles, and memes. TechCrunch’s Founder recently even sold his apartment as an NFT.

The rise of NFTs has also played a role in the online gaming space, where players can collect NFTs represented as in-game assets. The ecosystem of NFTs is both fascinating and exciting.

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Getart’s objective is to allow users to buy, sell, and own digital assets. In the Getart marketplace, users will also be able to search for various NFTs.

The world’s most expensive NFT sales to date

In-demand NFTs are selling at exponential prices, some of the most expensive sales to date include:

  • Beeple Artwork ‘Everydays: The First 5000 Days’ sold at Christie’s Auction House for $69.3 million.
  • Twitter co-founder Jack Dorsey’s first-ever tweet sold for $2.9 million.
  • A crypto-collectible called Cryptocat #896775 – otherwise known as Dragon – sold for $1.2 million
  • Music artists Grimes has dabbled in the NFT space by creating and selling tokens. The most expensive token she has sold went for $400,000.
  • An NFT basketball card of Lebron James sold for $200,000

Getart’s unique features

Getart has been audited by RD Auditors. The platforms use of BEP-721 tokens within the Binance Smart Chain (BSC). This sets it apart from other marketplaces that predominantly reside on the Ethereum Network.

Getart’s NFT marketplace serves to exist as a multi-platform ecosystem that serves creators and collectors alike. With low trading rates, the marketplace is geared toward facilitating an innovative and secure place for users.

Other marketplace features include:

  • Gaming
  • Collectibles
  • NFT Book
  • Others including music, art, and virtual galleries.

GAX: the Getart token

To build a sustainable ecosystem for future project launches and users the Getart token, GAX, will allow users to buy and sell NFTs inside the namesake marketplace. GAX is also accessible on the world’s most-​referenced price-tracking website, CoinMarketCap.

Issued on BSC, Getart says that 20% of token sales will be utilized for the dissemination of NFT in specialized media on the internet.

In May 2021, GAX listed on PancakeSwap, Coinsbit, and BakerySwap.

Verification within the Getart ecosystem

Blockchain technology acts as a decentralized record or ledger that traces the ownership and transaction history of every NFT.

The NFTs in the Getart marketplace will provide the option to verify the authentic owner of digital artworks, collectibles, and other items. The ability to transfer ownership is also an option.

As proof of ownership within Getart, each individual transaction will be recorded on the blockchain. This makes it unchangeable.

The difference between cryptocurrency and NFTs is fungibility. Cryptocurrencies can be traded or exchanged for one another, whereas an NFT cannot be exchanged for or equal to another NFT. The digital signature assigned to each NFT makes this impossible to do, as no two NFTs are the same.

NFTs are here to stay

NFTs exist in various digital art forms and exist on a blockchain network. From memes, to video clips, to property – the NFT ecosystem as a whole has grown rapidly.

Having been in existence since 2012, NFTs are considered a fairly young space. In recent years though, NFTS have experienced exponential growth.

Technological developments like NFTs attest to the ever-changing world of digital assets. The ability to create, sell, buy and collect NFTs is shaping the future of the art and music industries.

Marketplaces like Getart provide a safe and reliable space for artists and collectors to engage in transactions. Getart’s platform serves seller and buyer in an ecosystem that will soon be sustainable.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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I have two degrees in Corporate and Business Communication and have over three years of work experience as a content writer, covering topics from tech to travel and hard news. I have always been curious about crypto and let that progress into full-time fascination as Commercial Content Editor at BIC. I am also a plant-eater, book worm and cat mom!

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Source: https://beincrypto.com/rapid-growth-of-nft-platform-getart-io/

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Multi-Platform Cryptocurrency, Financial Exchange 5ROI Global Launched

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Cryptocurrency exchange 5ROI Global officially launched. It is expected to bring a multi-application cryptocurrency and financial trading platform with a vision of simplification for all types of users.

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Cryptocurrencies are creating a whole new financial trend compared to all that the world has been operating before. Transparency, fairness, simplicity, fast, low cost, and high performance are the great factors that cryptocurrencies bring.

These help billions of people have the opportunity to change their own lives. The cryptocurrency exchange is one of the big pieces for the development and operation of this ecosystem.

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Although there are numerous major cryptocurrency exchanges in the world today, most users still do not have the best access to the crypto-assets market.

There are also plenty of barriers such as complicated transactions, low cryptocurrency liquidity into fiat currency, few opportunities to access potential projects at the early stages, inappropriate trading, and investment programs for local’s specifications.

For this reason, the founding team decided to launch 5ROI Global— a new multi-application cryptocurrency and financial trading platform.

Here 5ROI Global aims to contribute to the development of the global cryptocurrency market in order to optimize user’s experience around the world in accessing this market.

Mr. David Do, CEO of 5ROI Global shared: “Our mission is to bring the world’s leading products and technological solutions into real life in the simplest and most effective way, especially in the field of financial.”

Simplify the transaction system

5ROI Global’s trading platform is designed to be simple and user-friendly, making it easy for anyone to use. At the same time, 5ROI Global cooperates with many leading prestigious blockchain partners to provide Stable Coins with a fixed value.

These are pegged to each country’s fiat currency such as the Japanese yen, for the Japanese market, the Indian rupee for India, and the Vietnamese dong for the Vietnamese market. This makes it easy for customers to trade cryptocurrencies with fiat money.

Large liquidity system

By cooperating and connecting liquidity with the world’s leading exchanges, 5ROI Global creates a trading system with the ability to liquidate up to billions of USD per day.

Buying and selling large volumes of crypto assets on the 5ROI system will happen quickly without much difficulty, it only takes a few seconds to match orders to buy and sell millions of dollars worth of cryptocurrencies without generating price difference compared to the general market.

Besides, the liquidity at 5ROI Global has also reflected in the fact that the exchange supports the most popular tokens, allowing investors to have many trading choices in one platform.

Accounting with blockchain startup projects

Through 5ROI Global, startups can access capital thanks to the form of Initial Exchange Offering (IEO). Not only calling for capital, but projects also have access to millions of potential customers and partners for their products and services.

With IEO, investors can easily participate in direct investing of tokens first issued by the startup project at 5ROI Global. This creates the possibility of optimal profits proportional to the investment in the development of the project.

Features of 5ROI Global liquidity

  • High liquidity spot & future system
  • Low-interest margin program
  • Coins staking program up to 40% profit per year
  • OTC trading between coins and fiat currency made simple and convenient
  • Diversified support for Stable Coin pegged to each country’s fiat currency
  • Regular AirDrop events from 5ROI Global and partners
  • New customer referral policy up to 50% transaction fees

About 5ROI Global’s Founders

David Do has over 10 years of experience in business and investment in technology projects in Vietnam and around the world.

He was the CEO of the investment company MIG Holdings (2016 – 2019), co-founder and CSO of Relam Investment Dubai (2017 – 2020).

He is currently the co-founder and CEO of HEAD Capital, a Singapore-based investment company specializing in the investment and development of technology platform projects.

Prominent projects invested by HEAD Capital can be listed as Ola City, 7ECO, BBLink, 7S Hotel, Thegioisi, 7Hit, Bala, Guubook.

For more information, visit headcapital.com

Besides business activities, David Do is also a judge, investor, and has sponsored and contributed to many contests and technology events. He is a Diamond sponsor for the Future Blockchain Summit 2018, sponsoring the Malta Blockchain Summit 2018 event.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Source: https://beincrypto.com/multi-platform-cryptocurrency-financial-exchange-5roi-global-launched/

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