As the primary month of the brand new yr is behind us, issues proceed to warmth up on the world stage in regard to crypto value predictions, social media hype surrounding meme cash like dogecoin, warnings of macroeconomic peril, and increasingly more political powers trying to manage permissionless cryptocurrencies through rules and coverage. For an institutional buyers’ perspective on bitcoin, Elon Musk and McDonald’s information, warnings of a “international recession,” and extra, see slightly below, on this newest subject of the Bitcoin.com Information Week in Evaluation.
A brand new survey exhibits that institutional buyers count on “a robust yr forward for bitcoin” and are assured in regards to the cryptocurrency’s long-term valuation. As well as, 65% of institutional buyers surveyed agree that bitcoin may attain $100,000.
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Tesla and Twitter CEO Elon Musk has reaffirmed his dedication to eat a McDonald’s Joyful Meal on TV if the quick meals chain accepts the meme cryptocurrency dogecoin (DOGE). Musk initially made the supply a yr in the past however McDonald’s responded with a counteroffer on the time.
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The well-known writer of the best-selling e-book Wealthy Dad Poor Dad, Robert Kiyosaki, says that we’re in a world recession. Warning of hovering bankruptcies, unemployment, and homelessness, he famous that there’s excellent news for buyers on the lookout for “bargains.”
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A invoice has been launched within the U.S. state of New York to permit state companies to just accept cryptocurrency funds, together with bitcoin, ether, litecoin, and bitcoin money. The laws proposes permitting crypto for use as “a way of cost of fines, civil penalties, hire, charges, taxes, charges, prices,” and extra.
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What are your ideas on this week’s tales? Do you assume New York’s authorities ought to settle for crypto funds? Tell us within the feedback part beneath.
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Cryptocurrency investors are constantly on the lookout for coins that have the potential to generate substantial returns. Despite the recent market downturn, three prominent cryptocurrencies have emerged as strong contenders for achieving 2X gains in June. Ethereum (ETH), Solana (SOL), and Cardano (ADA).
These coins have demonstrated resilience and have the fundamentals in place to potentially double in value in the coming month.
Also read: Ripple: How High Can XRP Pump in June 2024?
Ethereum has been at the forefront of the decentralized finance (DeFi) and non-fungible token (NFT) revolutions. Despite experiencing a 3.65% decrease in the past 24 hours, with a current trading price of $3,700.55, Ethereum’s strong fundamentals and upcoming network upgrades suggest that it could be poised for significant growth in June.
The 24-hour trading range for ETH is between $3,552.64 and $3,839.42, indicating a relatively volatile market. However, with the SEC approving ETH ETFs, Ethereum could be headed for a potential surge.
Also read: Cryptocurrency: Top 3 AI Coins That Could Surge 100% in June
Despite a 5.25% decrease in the past 24 hours, with a current trading price of $165.33, Solana’s impressive transaction throughput and low fees have attracted a growing number of developers and projects to its ecosystem.
The 24-hour trading range for SOL is between $162.87 and $180.17, indicating a relatively wide spread. As more projects build on the Solana network, the demand for SOL tokens could potentially surge. This could lead to a 2X price increase in June.
Also read; Top ERC-20 Cryptocurrencies To Buy Now As Ethereum ETF Approval Looms
Despite a 3.49% decrease in the past 24 hours, with a current trading price of $0.462, Cardano’s strong community and upcoming network upgrades suggest that it could be poised for significant growth in June.
The 24-hour trading range for ADA is between $0.4486 and $0.4876, indicating a relatively narrow spread. Also, as more developers and users discover the potential of Cardano’s ecosystem, the demand for ADA tokens could potentially soar, leading to a 2X price increase in June.
While the cryptocurrency market is known for its volatility and unpredictability, Ethereum, Solana, and Cardano have emerged as strong contenders for achieving 2X gains in June.
Kabosu, the Japanese Shiba Inu dog that inspired the viral “doge” meme and the cryptocurrency Dogecoin, has died, her owner said Friday. She was 18 years old.
“She went very peacefully without suffering, as if falling asleep while feeling the warmth of my hands petting her,” owner Atsuko Sato posted on her Instagram account.
Kabosu, a rescue dog adopted by Sato in November 2008, became an internet sensation after a photo posted of her in 2010 went viral. The image spawned countless memes featuring her peculiar expression peppered with humorous captions in broken English.
A billboard in Times Square in New York displays signs for Dogecoin in July 2021. (Getty/Kyodo)
“I am certain that Kabosu was the happiest dog in the world. That makes me the happiest owner in the world,” Sato said, as she also thanked Kabosu’s fans.
Kabosu also became the face of Dogecoin, a cryptocurrency created in 2013 initially as a parody of Bitcoin. The coin’s popularity skyrocketed after tech billionaire Elon Musk expressed his support, with each mention of the coin on X, then known as Twitter, leading to a buying frenzy.
“The impact this one dog has made across the world is immeasurable,” Dogecoin said on X in a tribute to Kabosu. “She was a being who knew only happiness and limitless love.”
A memorial ceremony is set to be held on Sunday in Chiba Prefecture near Tokyo.
A representation of cryptocurrency Dogecoin
| Photo Credit: Reuters
The Japanese dog whose photo inspired a generation of oddball online jokes and the $23-billion Dogecoin cryptocurrency beloved by Elon Musk died on Friday, her owner said.
“She quietly passed away as if asleep while I caressed her,” Atsuko Sato wrote on her blog, thanking the fans of her shiba inu called Kabosu — the face of the “Doge” meme.
“I think Kabo-chan was the happiest dog in the world. And I was the happiest owner,” Sato wrote.
As a rescue dog, Kabosu’s real birthday was unknown but Sato estimated her age at 18, past the average lifespan for a shiba inu, with her birthday celebrated in November.
In 2010, two years after adopting Kabosu from a puppy mill where she would otherwise have been put down, Sato took a picture of her pet crossing her paws on the sofa.
She posted that image — with the fluffy shiba inu giving the camera a beguiling look — on her blog, from where it spread to online forum Reddit and became a meme that bounced from college bedrooms to office e-mail chains.
The memes typically used goofy broken English to reveal the inner thoughts of Kabosu and other shiba inu “doge” — pronounced like pizza “dough” but with a “j” at the end.
The picture also later became an NFT digital artwork that sold for $4 million and inspired Dogecoin, which was started as a joke by two software engineers and is now the eighth-most valuable cryptocurrency with a market capitalisation of $23 billion.
Dogecoin has been backed by hip-hop star Snoop Dogg, “Shark Tank” entrepreneur Mark Cuban and Kiss bassist Gene Simmons.
But its most keen supporter is probably the billionaire Musk, who jokes about the currency on X — sending its value soaring — and hails it as “the people’s crypto”.
Dogecoin has also inspired a plethora of other cheap and highly volatile “memecoins”, including spin-off Shiba Inu and others based on dogs, cats or Donald Trump.
Kabosu fell ill with leukaemia and liver disease in late 2022, and Sato said in a recent interview with AFP in her home of Sakura, east of Tokyo, that the “invisible power” of prayers from fans worldwide helped her pull through.
The 62-year-old Sato said she had become so used to “unbelievable” events that, when Tesla boss Musk changed the icon for Twitter, now X, to Kabosu’s face last year, she “wasn’t even that surprised”.
“In the last few years I’ve been able to connect the online version of Kabosu, all these unexpected things seen from a distance, with our real lives,” she told AFP.
A $100,000 statue of Kabosu and her sofa crowdfunded by Own The Doge, a crypto organisation dedicated to the meme, was unveiled in a park in Sakura in November last year.
Sato and Own The Doge have also donated large sums to international charities, including more than $1 million to Save the Children. The NGO says it is “the single largest crypto contribution” it has ever received.
“The Doge is the most popular dog of the modern era,” said Tridog, a pseudonymous member of Own The Doge, describing Kabosu as “the Mona Lisa of the internet”.
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