Apply investments diversification strategy and risk managementĭiversification is one of the oldest and most important concepts for an investor. Don't be taken in by false newsĪn important lesson: do not believe the news, study the topic yourself. However, it is possible that the whole thing is false news. People name different reasons for the recent decline in the cryptocurrency market - these are :baseCompany futures, the Chinese New Year, the loss of interest in :baseCompany, and the downside game by large players. Study the topic yourself, taking into account other people's opinions. Be on the lookout for everything you hear critically, and think about the possible reasons for the newsmaker before spreading the news. Transparency in the cryptocurrency market is a scarce commodity. In a bull market, each asset has its finest hour. Put emotions aside and do not try to run after prices - the time will come and your token will go up. When trading cryptocurrency, you should take into account the following rules: Keep track of emotions Solves problems and creates opportunitiesĭisadvantages The tech side is quite weak Unlike other cryptocurrencies Ripple is not aimed to replace banks, rather this project is created to improve the work of banks (including transactions between different banks) via blockchain solutions. The network uses a digital currency known as XRP (sometimes it's referred to as Ripple). Notably, Musk and dogecoin have had a distinctive relationship over the year, as the SpaceX and Tesla CEO's tweets have often served to push up the coin's value.ĭogecoin's move to the moon will be a new breakthrough for the crypto world.Ripple is a global payment protocol aimed to provide fast transactions and cheap payments internationally. Meme coins have the potential to create their own ecosystem if viable use cases are created to serve real-world purposes," says Chandra. Last month, North America’s popular AMC Theatres announced that one can make crypto payments using Dogecoin. "Dogecoin has cemented its place as far real-world utility is concerned. Travelling to lunar orbit puts DOGE-1 250,000 miles away from Earth. The mission is expected to take a 40-kilogram cube satellite as a payload on a Falcon 9 rocket to gather lunar-spatial intelligence,” says Sharat Chandra, a blockchain and emerging tech evangelist.Īccording to, more than 1,600 CubeSats have been launched to date, but unlike DOGE-1, they’ve travelled into Low Earth Orbit, which is between 100 and 1,200 miles above the Earth’s surface. As early as May this year, SpaceX announced the payment that start accepting Dogecoin as payment to launch the much-anticipated lunar mission scheduled for 2022. “Dogecoin fans are literally on cloud nine since the lunar mission news involving Musk’s favourite coin started doing the rounds. After gathering lunar spatial data, it will relay knowledge back to GEC using its onboard communications module. We’re excited to launch DOGE-1 to the Moon!,” said SpaceX vice-president of commercial sales Tom Ochinero on November 11 through .įor this mission, companies are in the process of building and launching DOGE-1, a 40-kilogram CubeSat, will provide a new use case for cryptocurrencies, according to Smart exchange ecosystem Unizen and decentralized finance incubator ZenX.Īs per, CubeSat is a miniature satellite used for space research. "This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce. Even on November 13, Doge was trading around $0.2551, down 3.04 per cent in the last 24 hours, at 11 am, according to data from crypto exchange. However, over the past seven days, Doge has registered a fall. To launch the Doge-1 satellite into space, Tesla has partnered with Unizen (a smart crypto exchange ecosystem) and Geometric Energy Consumption (GEC) to fund this mission through Dogecoins, according to media reports.Īfter the announcement on November 12, Doge recovered a bit and recorded a 1.37 per cent increase. Dogecoin (DOGE) is ready to create history in 2022 by going to the moon through Elon Musk’s upcoming SpaceX mission.
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