Dogecoin is searched more than Bitcoin in the United States
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Bitcoin

Dogecoin is searched more than Bitcoin in the United States

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Dogecoin is searched more than Bitcoin in the United States

Bitcoin could be the Cryptocurrency king but Dogecoin is the most famous meme coin. After the endorsement by Tesla CEO Elon Musk endorsement.

Dogecoin becomes the most googled coin, more than even Bitcoin and Ethereum in more than 23 states of United States, according to financial advisor The Advisor Coach. These 23 states include famous states like Florida, Illinois, and Michigan. The report says that Dogecoin was the most searched coin followed by Bitcoin and Ethereum.

The rise in interest can be partially attributed to the endorsement of Elon Musk who stated earlier in the year that Tesla would accept dogecoin as a form of payment,” The Advisor Coach note said.

Thanks to Elon Musk’s endorsement of this meme coin and his cheering on Twitter. Tesla’s CEO holds Bitcoin, Ethereum, and Dogecoin. Elon Musk has a huge Twitter following. Elon Musk went so far in supporting Dogecoin that he said Tesla might accept Dogecoin as a payment method for his company’s electric vehicles. Dogecoin started from $0.007 this year and after Elon Musk’s support, it rose to $0.8 which is a gain of 5000%.

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Bitcoin

When will Bitcoin Rally Start? Technical Analysis:

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When will Bitcoin Rally Start? Technical Analysis:

Bitcoin dropped today after briefly kissing the $59900 and as the selling pressure rose it dropped swiftly and the slump continues. The question is when will the Bitcoin rally start?

When will Bitcoin Rally Start? Technical Analysis:

TradingView Bitcoin Chart

Bitcoin Rally: Technical Analysis

The Bitcoin price today is $54,346.67 USD with a 24-hour trading volume of $42,612,427,726 USD. Bitcoin is down 7.79% in the last 24 hours. The current CoinMarketCap ranking is #1, with market cap of $1,026,280,520,107 USD. It has a circulating supply of 18,883,962 BTC coins and a max. supply of 21,000,000 BTC coins.

Bitcoin has found its support at fib -0.65 and has an increased volatility today. Bitcoin is currently trading below EMA 20 on an hourly chart which indicates that the Bearish trend is volatile. The relative strength indicator shows that Bitcoin has entered an oversold situation. This means that now it should start getting the buyers in and the price should rise to the previous highs of yesterday.

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Bitcoin

Nike to bring Sneakerheads to Metaverse?

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Nike to bring Sneakerheads to Metaverse?

Reading this article, most of you if wearing shoes there are chances you are Nike shows. Nike is a leading shoe brand running successfully. NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, and equipment; but hold on there is more coming in.

Nike to bring Sneakerheads to Metaverse?

For the fiscal year May 2021, Nike Business was up 19% which is worth $44.5 billion profit for a year with a market capitalization of $275.7 billion.

Nike to bring Sneakerheads to Metaverse?

Nike is a real-world one of the most successful brands which now has decided to step into the virtual world of cryptocurrency and metaverse. With the Facebook announcement of Meta, many other brands have gathered the courage to test their abilities in the virtual universe. We have already covered an article on Metaverse. In this virtual universe, you are free to be anyone do anything, and experience anything while you sit on a sofa in your home. You’ll have to buy the assets in this virtual world like in real – and this confirms that yes you’ll find your favorite pair of Nike Shoes in the Metaverse.

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Bitcoin

How can Stop Loss save your day

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How can Stop Loss save your day

The cryptocurrency world is notorious for the insane volatilities and traders are liquidated every time there are major spikes. No matter which way the price moves, they are always people betting against the flow.

Even if you have opened a safe position, the volatility still can kill your profits and turn your portfolio to half or below, that’s why using a stop is mandatory.

A stop loss is an auto trade call that a trader sets to avoid more losses in case the market does not move in the desired direction. For example, If you opened a long position of Bitcoin at $60,000 and you think it will rise to $65,000 or $70,000. But the unfortunate happens and Bitcoin starts to drift downwards. Now you will have to decide how much loss you can face and exit the trade. So, you exited the trade at $59,500 and then Bitcoin dropped to $55,000, you saved plenty of loss. Now from here, you can again open your long position by putting another stop loss below. This has not saved your losses but you were able to open a long position at a better price.

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