• Elon Musk’s tweet of demand 3 Dogecoins for visiting the Twitter headquarters sent the DOGE price soaring.
• The Dogecoin (DOGE) price has risen by more than 4% due to a single tweet from billionaire Elon Musk.
• Billionaire Elon Musk has been a vocal supporter of Dogecoin for years now and his own electric carmaker Tesla owns Bitcoins on its balance sheet.
Dogecoin Price Reacts to Elon Musk’s Comments
Elon Musk’s recent tweet sent the Dogecoin (DOGE) price soaring, with the cryptocurrency jumping by over 4%. This was in response to a request from a fan who wanted to visit the Twitter headquarters and Musk agreed, but only if he paid with 3 DOGEs. This is yet another example of how influential the billionaire is when it comes to cryptocurrencies and memecoins such as Dogecoin.
Dogecoin Community Optimistic About Integration
The news of Musk’s demand has created an immense expectation within the Dogecoin community that the digital asset will eventually be integrated into Twitter payments. Despite current regulations being unfavorable, there is still hope that this could happen in time. As it stands, Dogecoin remains one of the top 10 cryptocurrencies by market cap and continues to be a popular choice among investors due to its resilience during bear markets.
Musk’s Crypto Support
Billionaire Elon Musk has long been an advocate of cryptocurrency technologies, voicing his support for both Bitcoin and Dogecoin on multiple occasions. His involvement in crypto even led his own electric carmaker Tesla to purchase Bitcoins on its balance sheet and accept payment in DOGE at one point for merch sales. With him taking control over Twitter last year, many believed that this could open up doors for further crypto integration into their platform – something which hasn’t happened yet but which seems plausible in time given Musk’s influence over Twitter operations.
Doge Whales In Action
The bullish sentiment that followed after Elons acquisition of Twitter last October was felt beyond just those within the crypto space; it also extended outwards towards meme coins like DOGE where whales were seen buying heavily into their positions as they awaited what would come next from this new era under their beloved leader – something which never fully materialized despite much optimism amongst fans of both technology and memes alike.
Will DOGE Continue To Lead Memecoins?
Only time will tell whether or not we will see integration between doges and twitter payments anytime soon – though given all factors considered thus far it seems highly unlikely under current circumstances regardless of how much hype might have been generated when this story first broke out earlier today with many speculating that perhaps we are finally seeing some kind of shift towards mainstream usage happening right before our eyes!
• Metacade is a community hub aiming to be Web3’s number-one spot for all things P2E gaming.
• It’s attracted millions in investment during its ongoing presale and has features like rewards, Metagrants, and tournaments.
• With GameFi predicted to take off in 2023 and beyond, many have been looking to invest in crypto projects that could dominate the play-to-earn (P2E) industry.
What is Metacade?
Metacade is a community hub aiming to be Web3’s number-one spot for all things P2E gaming. It’s a platform where gamers, developers, and crypto investors alike come together to explore the latest P2E games, take advantage of multiple earning opportunities, and directly influence the future of blockchain-based gaming. At its simplest, Metacade features everything players could want from a gaming community: reviews, leaderboards, forums, alpha, and regular tournaments. However, Metacade is taking things to the next level by using blockchain technology and crypto to create a Web3-ready experience for gamers across the globe.
Why Has Metacade Been Selling Out in Presale?
Metacade has already raised over $10.4m since the beginning of its presale due to its value it offers gamers at every step of their P2E journey as well as creating an incredible investment opportunity that’s driven FOMO across the crypto space. Players can read reviews and game leaderboards to find out which games are worth playing while learning tricks of the trade from more experienced players; more advanced players can share their knowledge and opinions on new games for MCADE tokens or compete in tournaments for a chance to win big.
Metacade offers unique features such as community rewards through sharing reviews or participating in alpha tests as well as Metagrants – special grants awarded by MCADE token holders – that allow users access to exclusive content or discounts on popular games within the platform.
With GameFi predicted to take off in 2023 and beyond, many have been looking to invest in crypto projects that could dominate the play-to-earn (P2E) industry with Metacade being one of those projects. As such each stage has sold out fast leading analysts predicting that later stages will see significant FOMO sell out soon too!
Many investors are trying avoid missing out on this incredible investment opportunity however there are several steps they must take first before investing including researching all available information about MCADE’s project goals & values; understanding how MCADE tokens work & what kind of utility they offer; reading up on current market conditions; crunching numbers & doing basic math; staying updated with news about MCADE’s progress; having enough funds available for when you need them most; diversifying your portfolio with other assets like stocks & bonds etc…
Cardano’s UNCHR Stake Pool Empowers Refugee Aid Efforts
- Cardano is launching a charity staking effort to support the UNHCR.
- The move shows how crypto and digital assets can be used for social good.
- Donors will be able to commit their ADA tokens, with no limit on the amount that can donated.
Cardano’s Charity Staking Effort
The Cardano Foundation has partnered with the United Nations High Commissioner for Refugees (UNHCR) to launch a charity stake pool for donors to be able to commit their ADA tokens. This move will help in supporting the work of the agency by creating a pathway for the steady receipt of funds that can power its humanitarian efforts. The Cardano Foundation said the UNHCR’s charity stake pool will be operated as a non-custodial program that will be mutually beneficial for all parties involved. A total of 3.5 million ADA coins have been delegated to this stake pool and it will be operated by Taurus, a Swiss-based digital asset infrastructure provider.
Crypto For Social Good
Many digital currency projects are notably pushing for related social goods but Cardano remains a forerunner in this regard. When the war between Ukraine and Russia broke out last year, hundreds of millions of crypto donations were sent to Ukraine including Cardano. Other companies that made impressive showings include Binance exchange which sent $10 million in funding as well as additional funds through Binance USD (BUSD). Just like with donating crypto, now users can donate using ADA tokens through Cardano’s new charity stake pool initiative with UNHCR.
Benefits Of Donating Crypto
By donating crypto, donors are helping UNHCR receive a continuous stream of funds to support its various initiatives while also receiving the benefits of staking their ADA tokens. It’s an advantageous situation where you’re able to contribute to a good cause while also benefiting from your donation at the same time. Furthermore, there is no limit on how much any one user is allowed to donate so everyone who wants to help has an equal opportunity do so regardless of their financial means or resources available at their disposal.
Taurus Operated Stake Pool
The self-sustaining charity stake pool is being managed by Taurus which is providing digital asset infrastructure solutions in Switzerland since 2017 and are experienced in managing large-scale staking pools securely and efficiently . This non-custodial method provides donors with hassle free way for them too contribute towards various causes supported by UNHCR without having go through any cumbersome processes or procedures associated with traditional donations methods i.e bank transfers etc..
In conclusion ,Cardano’s partnership with UNHCR enables those who desire too contribute towards meaningful causes supported by them ,to do so easily and efficiently while also leveraging on benefits offered via staked tokens . This opens up new opportunities not only for users holding ADA but also other cryptocurrencies alike ,by encouraging them too seek out projects where they can make use off their holdings too aid worthy causes instead off just HODLing or trading them .
• The Ethereum price has been falling since hitting its ATH in November 2021.
• The upcoming Shanghai upgrade will enable withdrawals of 17 million staked ethers from the Ethereum (ETH) ecosystem.
• Analysts believe that new stakers could cancel out selling pressure, although some traders think ETH will experience further selling pressure post-Shanghai upgrade.
Ethereum Price Overview
The Ethereum price has been falling since hitting its all-time-high (ATH) around $4,800 in November 2021. Up over 30 percent year-to-date (YTD), the Ethereum price is retesting the upper bound of a falling trend.
The upcoming Shanghai upgrade to the Ethereum (ETH) ecosystem will make over 17 million staked ethers withdrawable. This follows news from the United States Securities and Exchange Commission indicating that cryptocurrency staking programs are unregistered securities.
Analysis & Speculation
According to Nick Hotz, vice president of research at digital asset investment firm Arca, net outflows could be cancelled out by new stakers, thus reducing overall selling pressure. With more coins being staked every day and an annual percentage rate of about 5.2%, analysts believe more coins will be staked after the Shanghai upgrade.
Impact on ETH Price
Speculation on the next Ethereum move is expected to increase volatility as the Shanghai upgrade nears. While some crypto traders anticipate increased sell pressure with ETH following the upgrade, others think otherwise due to factors such as investor comprehension time and queueing for withdrawals which may reduce immediate impact on ETH price action according to John „Omakase“ Lo from Recharge Capital and Rich Falk-Wallace from Arcana respectively.
With analysis indicating both positive and negative impacts on Etheruem’s price post Shanghai Upgrade, it remains uncertain what narrative the market creates about its long term outlook based on short term behaviour when withdrawals become available after this significant milestone for Ethereum’s growth and development within cryptocurrencies industry.