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The volatility in the Dogecoin market has been on the incline over the last few days. Leaving aside the spike noted in early April, the current price volatility for DOGE is at its highest since December 2022. This likely means that it’s time to brace for some action. Source: Santiment Also Read – Exclusive: Doge Documentary to be “The Wildest” Film Ever Seen Dogecoin fundamentals Now, associating the word fundamentals with Dogecoin might seem to be ironical, given its “meme” nature. However, DOGE has come a long way, and peeking into on-chain data will only give us better clarity about how the network has been faring. Dogecoin ’s NVT ratio has been on a downtrend over the past few months. Just over the past day, it has dropped by over 31%. As shown below, the current number [~39] is about 8 times lower than its 52-week or 1-year high. This ratio basically compares the network’s value to the transactional volumes. High numbers usually indicate that the network is able to ...

The daily trading volume of all Hong Kong crypto exchange-traded funds averaged about $1.19 million between December and early February. According to a report published by the Hong Kong Stock Exchange (HKSE), two Bitcoin (BTC) exchange-traded funds (ETF) and an Ethereum (ETH) ETF listed on HKSE averaged 9.30 million Hong Kong dollars ($1.19 million) in daily trading volume from Dec. 16, 2022, to Feb. 7, 2023. As the first region in Asia to provide such access to crypto ETF products, Hong Kong exchange operators praised regulator clarity for its role in "seizing opportunities in virtual asset development." However, the numbers appear somewhat lukewarm when viewed in a global context. On Apr. 17, Cointelegraph reported that Bitcoin and Ether futures and options listed on the United States-based CME Group surpassed $3 billion in daily average notional value. Similarly, the ProShares Bitcoin Strategy ETF listed on NYSE Arca has an average daily volume of approximately $196 ...

Bankrupt crypto lender Voyager Digital has struck a deal with the U.S. Federal Government, allowing it to move ahead with its $1 billion deal with Binance.US. The crypto exchange will now move ahead and sell $1 billion worth of assets to Binance’s American branch. Voyager , the Official Committee of Unsecured Creditors, and the U.S. government concurred in a filing made on April 19 in a New York District Court that the arrangement for Binance to buy Voyager ’s digital assets could proceed as scheduled. Furthermore, according to the document, the government may continue to pursue an appeal of the provisions that, in its view, shield Voyager from particular legal liabilities. Nonetheless, the deal between the fallen crypto lender and the world’s largest exchange has been rocky from the get-go. Ups and downs in the Binance US – Voyager deal In the middle of 2022, cryptocurrency broker Voyager Digital declared bankruptcy, blaming market conditions. Several companies devised strategi...

Apr 19, 2023 at 09:00 // Price Author Coin Idol The price of Cardano (ADA) has risen above the moving average lines, resuming its increase. Cardano price long-term forecasts: bullish The price of the cryptocurrency has seen a series of higher highs and higher lows. The price of the cryptocurrency has risen to a high of $0.43 as of this writing. On April 15, Cardano reached a high of $0.46 before being rejected. The cryptocurrency value has reached a market area known as overbought. If the resistance at $0.46 is broken, Cardano will rise to its previous hi...

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses if Bitcoin is retracing and if it can go back to the previous $28,000 level. In today’s Market Report episode, analyst and writer Marcel Pechman covers the regulatory environment that has been limiting Bitcoin’s (BTC) upside and the odds of a dump at $28,000. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel. The first news article discussed is crypto exchange Bittrex and its founder being charged by the SEC. More importantly, United States Securities and Exchange Commission Enforcement Division Director Gurbir Grewal said that such “action should also send a message to other non-compliant crypto market intermediaries.” In Pechman’s opinion, that’s an explicit reference to Binance, Bybit and OKX, which have notoriously taken U.S. clients through VPN and other evasive strategies. Marcel does not believe that the SEC has a case besides a multimillion-dollar fine a...

On Monday, Adam Cochran, a partner at the venture capital firm CEHV, called on Hester Peirce, the Commissioner of the US Securities and Exchange Commission (SEC), to launch an investigation into the agency chairman, Gary Gensler. Cochran made the call in an 18-part thread on Twitter after criticizing Gensler’s recent action against the Algorand blockchain. The venture capitalist first cited Gensler’s 2019 public statements praising the Algorand network, where he referred to the blockchain’s native token, ALGO, as a “multi-use currency.” 14/18 So @HesterPeirce I would hope the SEC will be investigating private citizen @GaryGensler to: A) Ensure that at no time he held or engaged with said unregistered security while having non-public information from his colleague at MIT — Adam Cochran (adamscochran.eth) (@adamscochran) April 17, 2023 Notably, Cochran wants the SEC boss to be investigated to ensure that at no time did he hold or engage with Algorand, an “unr...

- Advertisement - The crypto market has witnessed a major shift in the balance of power as the TMS Network (TMSN) asserts its dominance over rivals Chainlink (LINK) and Dogecoin (DOGE). Amid a staggering $1.4B DOGE dumped by 2 Dogecoin (DOGE) whales, TMS Network (TMSN) has managed to fortify its position, leaving the competition behind. - Advertisement - In this article, we’ll take a closer look at TMS Network (TMSN)’s rise to the top and what sets it apart from the rest. Dogecoin (DOGE) Dogecoin (DOGE) is a cryptocurrency that was created in 2013 based on the popular internet meme of the Shiba Inu dog. Dogecoin (DOGE) operates on a decentralized peer-to-peer network and is used for online transactions, tipping, and as a form of digital currency. Amid Dogecoin (DOGE)’s PR ice rally this week, two of the largest DOGE whales sold over $120 million worth of the meme coin, according to data from Lookonchain. One of the whales sold $95.2M, while the other sold $28.6M...