Watch Out for Dogecoin as Elon Musk Appears on SNL Today
Dogecoin, which started as a meme currency in 2013, could be volatile over the weekend as Elon Musk appears on the SNL (Saturday Night Live).
Source: learnbonds.com
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What the Failures of Signature, SVB and Silvergate Mean for the Crypto Sector
The failure of crypto-focused banks once again showed the vulnerability of stablecoins, which can lose their peg in unusual financial situations.
Source: nbcchicago.com
Bitcoin's Wild Price Moves Stem From Its Design — You'll Need Strong Nerves to Trade It
Bitcoin plunged as much as 30% to about $30,000, according to Coin Metrics. Ether dropped more than 40% in less than 24 hours, breaking below $2,000 at one point. Both gained back substantial ground by the end of the day. But this is par for the course in the world of trading cryptocurrencies. Huge run-ups and equally drastic falls. Over and over. "Massive retracements are always scary, but seasoned investors tend to see them as buying opportunities," said Mati Greenspan, portfolio manager and founder of Quantum Economics. Both crypto and market experts tell CNBC that this is the new normal o...
Source: nbcconnecticut.com
Dogecoin Is Up 1,000% in a Month. Is It a Good Investment Yet?
Author Bio Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group. Follow @BramBerko What started as a complete joke seven years ago has turned into the best-performing asset of the year: Dogecoin (CRYPTO:DOGE) is up more than 13,000% year to date at Friday's prices. Had you seen the revolution coming at the very beginning of the year and invested $1,000, you would now have over $130,000. In the past month alone,...
Source: fool.com
A Joke Cryptocurrency Has Risen More Than 26,000% in the Last Six Months, Outpacing Nearly Every Other Investment
Over that same time period, the S&P was up 19 percent, while crypto rivals bitcoin and ether were up 286 percent and 698 percent, respectively, according to CoinMarketCap. And stock market darling Tesla? It is up 56 percent since November. "The joke is on Wall Street this time," said Mati Greenspan, portfolio manager and founder of Quantum Economics. "What you have is a situation where teens on TikTok are outperforming even the smartest suits by thousands of percentage points." In 2013, software engineers Billy Markus and Jackson Palmer launched the satirical cryptocurrency as a way to make...
Source: nbclosangeles.com