Are retail traders ready to spend their Bitcoin?

crypto-payment

Mastercard’s recent move to enable crypto on its network is a significant update that will help further Bitcoin’s adoption and make it mainstream. However, following the purchase of Bitcoin by Tesla and MicroStrategy the obvious next step was to consider Bitcoin payments, however, a critical question is, are retail traders willing to spend their Bitcoin holdings?

Based on recent research by Dealaid.org on consumer Sentiment on Bitcoin as a payment method that surveyed one thousand American consumers, the report’s key findings included the following:

  • 60.2% of consumers would like more companies to accept Bitcoin as a payment method
  • Amazon, Apple, and Walmart are the top 3 companies that consumers want to see accept Bitcoin
  • 50.5% of consumers are willing to pay for products and services with Bitcoin
  • Ethereum and Doge are the most popular alternatives to Bitcoin as a payment method

Continue reading at ambcrypto.com

Will Bitcoin Or Dogecoin Grow More By 2022?

dogecoin

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

This week we posed the following question to Benzinga visitors on two of the world’s most popular cryptocurrencies.

Over the next year, which cryptocurrency will have the largest percentage gain? Here are the full results from this week’s survey:

  • Bitcoin (BTC): 35.7%
  • Dogecoin (DOGE): 64.3%

This sentiment study was conducted as Bitcoin and Dogecoin are both at or near new all-time highs.

Continue reading at finance.yahoo.com

Elon Musk’s favourite crypto, Dogecoin, gains 635% within a day

dogecoin

Crypto traders and global investors are rushing to have a stake in this fast-growing crypto, on the account that it has the unique endorsement of the world’s richest individual presently worth $199 billion.

What you should know: The tenth most valuable crypto has a market value of $7.3 billion. It presently has a circulating supply of 128,136,378,598 DOGE coins, and the maximum supply is not available.

Dogecoin (DOGE) is based on the popular “Doge” internet meme and features a Shiba Inu on its logo.

Continue reading at nairametrics.com

Pornhub adds XRP, BNB, USDC, and DOGE to its payment options

pronhub_crypto

Adult entertainment website Pornhub has added four new coins to its list of supported crypto payment options — XRP, BNB, USDC, and DOGE — The Block has checked on Wednesday. 

The move means Pornhub's more than 120 million daily visitors can now pay for premium subscriptions in the four digital assets. Notably, Pornhub has removed the support of privacy-oriented coin Dash and PumaPay token, which were supported as of mid-December. That suggests that the changes have been made over the past month. 

The latest revisions increase the number of Pornhub's supported coins to sixteen from fourteen before (see screenshot). It should be noted that Pornhub only supports crypto as the payment option for some countries, including the U.S., the U.K., and Singapore. While for some EU nations, such as Germany, it supports bank wires.

Continue reading at theblockcrypto.com

4 signs confirming Dogecoin is still as viable as ever

4_signs_doge

The dogecoin ecosystem is still firing on all cylinders. There are many things going on behind the scenes, although not all of them will have an immediate impact. The following developments are all interesting enough to keep an eye on in the coming months.

PayPal and Cryptocurrencies (and Dogecoin?) Is an option

For some time now, there have been rumors about payments from PayPal and cryptocurrencies. In a new update, it has been confirmed that merchant cryptocurrency payments will be made possible through this service. Suppliers of all types will be able to accept Bitcoin and altcoin transactions in the future. This can unlock a lot of momentum for Dogecoin, although nothing has been officially confirmed at this stage.

At this time, there is no indication of which crypto assets will be accepted. Enabling Bitcoin support is almost a foregone conclusion. In terms of alternative assets, it is yet to be determined. An approach similar to what CoinPayments does is not entirely out of the question. In addition, Dogecoin has been a viable payment method for some time, giving it an edge over competing assets.

The meme game remains strong

Most people are familiar with Dogecoin due to the number of memes involving this cryptocurrency. It ranges from shibes to Elon Musk, there were hundreds of funny pictures and comics to look at. This trend continues today, as several memes have drawn good attention in the past week.

The first explains how Dogecoin Reddit user behavior evolves when engaging in debates. It sounds true for many crypto communities, but Dogecoin may be at the forefront. There is also the "Doge in the spotlight meme" for 2021, which is very funny in his own opinion.

StealthEx Trading

Having more Dogecoin support exchanges will always be beneficial to the ecosystem. StealthEX is the last exchange to list DOGE. The platform specializes in trading without account requirements and does not store personal data. An interesting approach to cryptocurrency trading, and having doGE on the platform is a big step forward.

No more low dogecoin fees

At the protocol level, an interesting change is about to take place for Dogecoin. Through the soft fork BIP-65 being activated very soon, the network rates will undergo major changes in the near future. Currently, transactions with rates below 1 DOGE are still mined, but this will no longer be the case in a few weeks. It won't have a big impact on rates, but it's still worth paying attention to.

source: cryptomode.com

BAT, Dogecoin, Tezos Price Analysis: September 25

dogecoin

After a week that saw Bitcoin, the world's largest cryptocurrency, drop dramatically, BTC was soon in recovery mode. In fact, at the time of writing, it was valued at just under $10,700, with the cryptocurrency's performance boosting the altcoins of the market as well. Taking the lead of BTC, many of these alts, including complexions, Dogecoin and BAT, posted recoveries on their charts. However, if this will be enough to reverse the prevailing bearish trend it is a completely different story.

Tezos [XTZ]

Tezos' charts reveal that cryptocurrency has been in a very sharp bearish trend since its highs in mid-August 2020. The bearish trend in question was only worsened by the depreciation across the market on September 2-3, and the $500 drop from Bitcoin a few days ago. In fact, after the latter, XTZ was seen as falling by more than 21%.

However, at the time of the press, some recovery was afterwards, with the last two daily candles on Tezos' charts flashing green. At the time, XTZ was being traded at its April 2020 price levels.

Despite the above-mentioned appreciation, however, a trend reversal was not yet in order. While the dotted parabolic SAR markers remained well above price candles, the cash flow chaikin dropped to -0.10, a sign of much more capital outflow than capital inflows.

Tezos made news a few days ago after a French investment bank selected its blockchain for its experiment on CBDCs.

Basic Attention Token [BAT]

Brave browser native cryptocurrency Basic Attention Token, also known as BAT, as Tezos, fell from its high year in August 2020 to trade at its May 2020 levels at the time of writing. While BAT's downtrend was not as steep as Tezos', the former fell more than 15% on the charts in the past week. Accompanied by minimal trading volume, BAT, however, has made some gains in the last 24-48 hours.

While the Bollinger Bands' mouth remained wide to suggest some degree of entry price volatility, the Incredible Oscillator was imagining a negative moment in the market.

BAT was in the news a few weeks ago after a study revealed that the Brave browser’s native cryptography was among the tokens that are at risk against fake deposit exploits.

Dogecoin [DOGE]

Dogecoin, the main "meme currency" in the crypto market, was one of the few alts to perform poorly in late July and August. In fact, in addition to a 3-day period in July, which saw DOGE rise more than 100% on the charts, the cryptocurrency has not seen any noticeable increase in its charts in recent months. After the corrections that followed the increase mentioned above, DOGE continued to trade within a tight channel.

At the time of writing, however, there were signs that a brief reversal may be in order, since the last two price candles for DOGE were flashing green. The same was evidenced by the technical indicators of the cryptocurrency, while the MACD line was crawling on the Signal Line after a bullish crossover, the Relative Strength Index registered a sharp peak that saw it move away from the oversold zone.

source: ambcrypto.com