CRYPTO NEWS: Latest BITCOIN News, FLOKI News, DOGECOIN News, ETHEREUM News
Oh boy, have I got some juicy crypto news for you, my friend! DOGE has been on fire lately, with its weekly price performance now sitting at a sweet +35.64%. Yeah, you heard that right! So, at the moment, one DOGE is worth $0.09835, according to CoinMarketCap. Not too shabby, huh?
But wait, there’s more! Our beloved DOGE has also flexed its muscles against the big boys, Bitcoin (BTC) and Ethereum (ETH), rising by 25.37% and 24.47%, respectively. I mean, that’s pretty impressive, right?
And get this – DOGE’s trading volume has gone absolutely bananas, skyrocketing by a jaw-dropping 557.36% in just the last 24 hours. This brings the total trading volume for our favorite meme coin to a whopping $4,594,205,983! Talk about a wild ride!
Now, on the flip side, there’s this other crypto called Floki Inu (FLOKI) that might be in for a bit of a rough patch. You see, it’s currently forming what’s known as a symmetrical triangle pattern, which could potentially signal a 40% drop in value. Yikes!
This pattern is especially significant for volatile and speculative cryptocurrencies like FLOKI, as it suggests that market participants are feeling pretty uncertain about its future direction. And since FLOKI is driven primarily by speculative interest, this pattern becomes even more important for traders to keep an eye on.
But enough about FLOKI; let’s talk about the big kahunas, Bitcoin and Ethereum. Data from CoinGecko shows that both BTC and ETH are down by more than 50% from their all-time highs (ATH). Ouch! Right now, BTC is trading at $27,883.81 after a 0.68% price drop over the last day, putting it at a staggering 59.57% below its ATH of over $69,000 from November 2021.
ETH isn’t faring much better either. Currently priced at $1,808.77 after a 1.52% increase in the last 24 hours, it’s still down by over 60% since its ATH back in November 2021. Double ouch!
Despite these setbacks, though, BTC’s weekly performance is still in the green, showing a 2% gain over the last seven days. And its 24-hour trading volume has also risen by more than 40%, now standing at $19,092,485,199. So, there’s still some hope for the crypto king!
So, there you have it! It’s been quite the rollercoaster in the world of cryptocurrencies lately, but hey, that’s what makes it so exciting, right? Just remember, my friend, always invest wisely and do your research before jumping in!
What is the Metaverse and How is it Changing Business?
Metaverse is a digital universe that runs on virtual reality (VR) and augmented reality technologies. It is a place where people can interact with digital objects and people in real time, making it a powerful tool for social interaction and business innovation.
Cryptocurrency and Non-Fungible Tokens
The blockchain technology behind cryptocurrency is being used to build a new kind of economy in the metaverse. Users are able to own NFTs that represent art, music and digital real estate.
Users can also use NFTs to buy a piece of land that they can then use to build their own virtual home. Similarly, investors are snapping up concert venues and shopping malls in the metaverse.
Game and Virtual Reality
Companies are using the metaverse to create digital worlds that allow their customers to connect with their brand in a way that is more immersive than ever before. Nike partnered with gaming platform Roblox to launch Nike Nikeland, an avatar-based digital world where consumers can play games, connect and dress their virtual avatars in digital clothing.
Facebook and Zuckerberg
In a world where identities and communities are constantly changing, the metaverse provides an opportunity for businesses to stay in touch with consumers and their needs. It will also allow companies to grow existing lines of business and launch new ones in a way that is faster, cheaper and more engaging than traditional media.