Are you an accidental bitcoin tax avoider?

Are you an accidental bitcoin tax avoider?

                              

Are you one of the many millions of people who saw the price of bitcoin start rocketing in 2017?

Are you one of the hundreds of thousands who bought in? Are you one of the thousands of buyers who is resident, for tax purposes, in the UK? If your answer is yes to the last question, you need to take a deep breath and read on.

USE ETORO’S CRYPTO TAX CALCULATOR

Cryptocurrency is still in its infancy as far as regulators are concerned, with few rules around what you can do with bitcoin and its peers and what can be done to you with it. While it’s not the Wild West, you’re advised to use registered and regulated platforms, such as eToro, to trade and invest to ensure the best protection from scams. But if those who make the legal application around burgeoning financial trends are a bit behind the curve, those seeking to tax it are not. You might not be aware, but if the size of your pot of bitcoin – or other crypto – has risen considerably since you bought it, you need to be thinking about your potential liabilities to HMRC.

FIND OUT IF YOU OWE TAX

In December, HMRC published a list of ways your bitcoin can make you liable for a range of taxes. The main one for those who bought the rising bitcoin in 2017 and promptly forgot about it is the potential for Capital Gains Tax to be paid when you do get around to selling it (or already have). CGT is a levy on the things you make a profit from for doing very little. For example: you buy a house, live in it for 20 years and sell it on for double what you paid. Unless you knocked the place down and rebuilt it (at considerable expense), HMRC would likely demand you paid it some CGT.

A painting you bought at a car boot sale for £1 turns out to be a Rembrandt? The couple of million you make from selling it at auction is liable for CGT. It’s the same with cryptos. Just because you got in at the right time, doesn’t mean the taxman lets you off. Like with other investments, cryptocurrencies held specifically to make money are classed by HMRC as “chargeable assets” and incur appropriate taxes. It is also up to you, the investor, to inform HMRC that you have made the gains and offer up the cash. If you don’t there will be some tough questions to answer (and potentially fines to pay).

Two important points: CGT is only applicable when you *sell* the asset, not when you just keep holding on and you also get an allowance of £12,000 a year that is CGT-free, but this has to be shared with any other type of asset you sell or dispose of. But if you got in very early and intend to make a tidy profit from your crypto-savviness, take a look in your digital wallet and have a think about how much you could end up owing. To help you understand how this new tax regime might affect you, eToro has created a crypto tax calculator, infographic and crypto tax guide.

You can also listen to eToro, HMRC and ICAEW explore the cryptoasset landscape, the future of crypto, the tax levy and dispel common misconceptions in our webinar.Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk CFDs work, and whether you can afford to take the high risk of losing your money. Applies to UK taxpayers only.

.Article Produced By

eToro

https://globalcoinreport.com/are-you-an-accidental-bitcoin-tax-avoider-2/

Thomas ClaimCo.in

Bitcoin Volatility Is Lowest Since June: How to Gain Your Profits?

 

Bitcoin Volatility Is Lowest Since June: How to Gain Your Profits?

                              

Earlier this year bitcoin was rallying really hard,

gaining more than 200% between April and June 26, when it reached almost $14,000. Since then, bitcoin’s volatility significantly decreased: since August 15-27 world’s largest cryptocurrency has been trading between $9,600-10,900, making long-term investors feeling not very positive. According to figures provided by Blockforce Capital and Digital Asset Data, Bitcoin’s 30-day volatility fell to a reading of 64 on Sunday, August 25, its lowest since June 25. This chart shows a more than 50% drop from the reading’s recent peak of 131% reached on July 19:

Data on monthly range, measure that shows the difference between bitcoin’s high price and low price every month also shows that bitcoin doing not that great recently. According to Blockforce Capital and Digital Asset Data, this measure recently fell to its lowest since March. As data above shows, it’s not a such positive situation for bitcoin investors. Considering such stagnation, buying bitcoin and waiting for the price to rise could be not the most effective way to invest in crypto.

Tired of BTC Stagnation? Try Leveraged Trading on Bexplus

Bexplus is an advanced cryptocurrency margin trading platform offering 100x leverage. The core feature of margin trading is an ability of gaining profits not only when bitcoin price rises, but also when it goes down by opening short (buy) and long (sell) positions. Even with slightest activity on the market, investors still can trade and gain profits, let’s explain it by this simple example:

As an example, say you want to buy 1 BTC at a price of $10,000. To open such a trade on a fiat-to-crypto exchange you would need to pay $10,000. If the Bitcoin Price goes up by 1%, so 1 BTC now worth $10,100. If you choose to then sell them to secure your profit, you’d have made $100 from your original $10,000 investment. Now let’s compare that to 100x leverage on Bexplus. Here you would only have to pay 1% open the same trade, which means $100 (0.01 BTC) to open a 1 BTC position. If Bitcoin’s price rises by 1%, you will still have made the same profit of $100, but at a considerably reduced cost.

Before you start to trade with leverage, it’s also a good idea to get some practice. Especially for new users Bexplus team designed free trading simulator: as soon as you register on the platform you get 10 BTC for your simulator account. 100x leverage allows investors to open positions of significantly greater amount with relatively small investments. 100x leverage is still quite a rare feature on most of the exchanges. Besides bitcoin, of course, you also can trade altcoins: ETH, LTC, XRP, EOS are available for trading now on Bexplus.

Bonus for the new users: make a deposit and get 100% bonus!

In order to thank all the new users, we offer 100% deposit bonus for all the new users: for example, by depositing 1 BTC you will get 2 BTC in total. Bonus is not withdrawable, but can be used for trading. All the profits made with 100% bonus can be withdrawn. Besides, there’s a BTC Wallet account available on Bexplus: by depositing certain amount of bitcoins you can receive annualized interest, which rates between 18-30%, depending on the amount of your deposit. The funds can be withdrawn at any time if you’ll decide to change your mind.

Article Produced By
Globalcoin

Independent ICO Research and Reporting on the Biggest Cryptocurrency Winners From a Top 10 Crypto News Site

https://globalcoinreport.com/bitcoin-volatility-is-lowest-since-june-how-to-gain-your-profits/

 

Thomas ClaimCo.in

Bloconomic Explores The Future Of Blockchain

Bloconomic Explores The Future Of Blockchain

 

                                  

Blockchain and distributed ledgers are considered by many to be primitive technologies

that are still in their early stages. But, contrary to this archaic perception, mass adoption of the technologies is well within view. Industry leaders from various verticals such as finance, retail, health care, supply chain management, education, insurance, real estate and many more have begun implementing blockchain into their products and services in one way or another. Self-sustaining, energy-efficient, eco-friendly smart cities that leverage the blockchain are being envisioned. In spite of this, blockchain remains to be an unknown territory to a vast majority, whose apprehensions are fueled by skeptics and naysayers.

Bloconomic Expo – The Purpose

To combat the enigma surrounding blockchain, proponents of the technology organize events to create awareness on the benefits of adopting the technology, provide a platform for sharing insights among attendees, and allow entrepreneurs to propose their innovations. The Bloconomic Expo is one such attempt by Alphacap and the Malaysian Blockchain association to facilitate the large-scale adoption of blockchain; to bring in valuable cognitive and intellectual resources into South-East Asia; to discuss the possibilities of potential use-cases that can transform or be a solution to the stagnant, unreliable and redundant conventional practices; and to lay the foundations for the technology’s mainstream use in the future by creating a network of blockchain developers, researchers and entrepreneurs.

The 2019 Edition of the Event

The yearly event brings together blockchain businesses, blockchain thought leaders, influential speakers, educationalists, economists, investors, venture capitalists, crypto enthusiasts, government delegates, lawmakers and regulators of various jurisdictions from across the globe. Specifically, Bloconomic aims to discuss the application of blockchain in fields such as finance, healthcare, travel, energy trading, supply chain management, digital identity authentication, electronic record authentication, E-KYC, government governance, and IoT. The 2019 edition of the event, held on the 15th and 16th of August at LeMeridian Putrajaya, saw a huge turnout. Keynotes were delivered by VIPs and speakers from various organizations involved in panel discussions. Some of the topics of discussion were blockchain in economy, social impact, regulatory compliance, safety and privacy matters, finance and banking etc.

Awards and Recognitions

The Expo recognizes the efforts taken by the organizations to bring about constructive changes to the current scenario and awards them under categories such as best blockchain technology developer, best finance disruptor, best blockchain innovation, and best crypto community, etc. ‘The Best Crypto Community Award’ was received by Mr. Afanddy Bin Hushni, Chairman of Beldex International, and was honored by Mr. Dato’ Rayson Wong, President of Malaysia Blockchain Association in the presence of Mr. Datuk Seri Mohd Redzuan Md Yusof, Minister of Entrepreneur Development,

Malaysia.

Beldex provides the crypto community with a privacy-centric platform. CEO Mr. Liew Kang Loon states that “The community drives home our vision of developing a privacy centered ecosystem and proactively promulgates our cause. They have been and will continue to be the focal point of our operations.” Further adding that Beldex serves in its community’s best interests, he said that he expects their continued support.

Article Produced By
Bitcoin Garden

This content is brought to you by the Bitcoin Garden staff.

https://bitcoingarden.org/bloconomic-explores-the-future-of-blockchain/

 

Thomas ClaimCo.in

Blockchain Centre of Excellence Launching Ceremony in Beijing Concluded with High-Level Officials in Attendance

Blockchain Centre of Excellence Launching Ceremony in Beijing Concluded with High-Level Officials in Attendance

                                

 

DECENT, a leading blockchain technology company headquartered in Slovakia,

announces the successful conclusion of the launching ceremony for the newly established R&I center for blockchain, named China-CEEC Blockchain Centre of Excellence. The event took place on August 28, 2019, in Beijing, China. In attendance were state officials from both China and Slovakia, and the event featured a high-level dialogue by the representatives from the Chinese government and embassies of CEEC. 

The Cooperation between China and Central and Eastern European Countries (China-CEEC), also known as the “17+1” initiative, was founded in 2012 to promote business and investment relations between China, Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, North Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia and Slovenia.  During the 8th Summit of China-CEEC in Dubrovnik, Croatia, it was agreed and transposed in the official summit guidelines that an establishment of the “China-CEEC Blockchain Centre of Excellence” would be conducted under the Slovak Republic’s leadership—considering the country’s prominent position in the initiative. 

The endeavor was pointedly undertaken by DECENT, in partnership with the Ministry of Economy of the Slovak Republic and the Ministry of Education, Science, Research and Sport of the Slovak Republic, to establish the China-CEEC Blockchain Centre of Excellence along with partners from China and CEEC countries. The goal of the blockchain center is to become a leading research and innovation center for blockchain and DLT (Distributed Ledger Technology) to be applied in industrial applications across numerous verticals such as energy, finance, aerospace, manufacturing, logistics, commerce, media, government and others. 

On August 28, DECENT organized a special launching ceremony jointly with ICI-761 C·Space, a business support service provider, in Beijing, China. The international participants included the Slovak Republic Ambassador to China, Dusan Bella, higher officials from the Deputy Prime Minister’s Office for Investments and Informatization of the Slovak Republic, the Beijing Science & Technology Commission, the Beijing Municipal Bureau of Economy and Information Technology, the Beijing Investment Promotion Bureau, the Zhongguancun Xicheng Park Administrative Committee, the China Academy of Information and Communications Technology, the China Internet Finance Association and others. In addition to the high-level dialogue, the event featured a seminar focused on topics such as privacy, data protection and supervision, application scenarios for blockchain and technical standards pertinent

to the technology.

“To receive the opportunity to partake in not only promoting expansion and business opportunities between China and the countries of CEEC but also making sure that blockchain technology plays a key part in this development is a great incentive for current technological and industry standards,” commented Matej Michalko, Chairman, CEO and Founder of DECENT. “We sincerely believe that the establishment of the China-CEEC Blockchain Centre of Excellence will help to productively integrate blockchain into real-world use cases,” added Michalko.

 The China-CEEC Blockchain Centre of Excellence plans to maintain a strategic long-term mission that will run for a duration of 10 years. Those interested in becoming members of the China-CEEC Blockchain Centre of Excellence to benefit from shared learnings, experiences and resources can visit the initiative’s website.  

About China-CEEC Blockchain Centre of Excellence

The China-CEEC Blockchain Centre of Excellence is primarily focused on research effort on blockchain and DLT technologies. The center’s primary mission is to support the thriving ecosystem by developing new technologies needed to advance the field as well as to support the implementation of the Belt and Road Initiative. 

About DECENT

Founded in 2015, DECENT is a blockchain innovator with its own platform, DCore, empowering users to rapidly create and migrate business-ready, scalable and decentralized applications. DECENT is dedicated to building a strong ecosystem of projects to encourage the successful realization of the benefits blockchain has to offer for organizations and customers across multiple industries. 

About 761 C·Space

761 C·Space (Beijing) Technology Development Co., Ltd (“761”) is a professional international technology transfer and business support service provider, a subsidiary of the 2nd largest Beijing-based state-owned corporation, Beijing Electronics Holding Co., Ltd.

Article Produced By
Bitcoin Garden

This content is brought to you by the Bitcoin Garden staff.

https://bitcoingarden.org/blockchain-centre-of-excellence-launching-ceremony-in-beijing-concluded-with-high-level-officials-in-attendance/

Thomas ClaimCo.in

Alexa Ranks Electroneum among Top Five Cryptocurrencies Ahead Of XRP Tron

Alexa Ranks Electroneum among Top Five Cryptocurrencies Ahead Of XRP, Tron

                            

In spite of the pullback witnessed on the market table,

Electroneum is proving that it is not a dead project. Electroneum continues champion the record of project with the largest initial coin offering (ICO) with over 115K participants. The support garnered from the community birthed another blissful development. Report has it that Alexa, an offshoot of Amazon.com company, rated Electroneum among top 5 cryptocurrency after Bitcoin, Litecoin, Bitcoin Cash and Stellar. According to Alexa, Electroneum saw 322,000 average visitors and 1.78 million pageviews last month, making it rank among top cryptographic projects ahead of the likes of Tron, XRP

and others.

 “We aim to run a fully transparent project and continue to undertake initiatives towards this goal. It’s for this reason, last year, we installed Alexa certified metrics code onto our website”, Electroneum CEO Richard Ells clarified. “We’re incredibly proud that Alexa continues to rank our project in the top five cryptocurrency projects by website visitor numbers, amongst other leading projects including; Bitcoin, Litecoin, Bitcoin Cash and Stellar.”

Electroneum project’s transparency is also a backbone behind this success. Within the space of two years which the crypto had existed, its user-base had reached 3.2+ million worldwide.The engagement of the blockchain project has also increased by 150% since July with 122,000 followers.

Article Produced By
Khalid Lawal

I am a lifetime Entrepreneur, Contributor @Thrive Global, @Oracle Times, @Coin Gape. Khalid Lawal is a lover of Blockchain technology and a junior analyst. • Hopes to be a venture capitalist one day.

https://todaysgazette.com/alexa-ranks-electroneum-among-top-five-cryptocurrencies-ahead-of-xrp-tron/

Thomas ClaimCo.in

15 Days Challenge: Tron Goes Live On Uphold With 24 Hours Zero-Exchange Fee on TRX

15 Days Challenge: Tron Goes Live On Uphold With 24 Hours Zero-Exchange Fee on TRX

                                 

The team behind Tron blockchain technology and its supporters

have just made the crypto ecosystem perceive their commitment towards the growth of the cryptographic project and its token TRX. Tron (TRX) has just gained attendance on a renounced crypto trading platform which has presence in over 184 countries of the world, Uphold. The development was announced by Uphold with respect to a 15 days challenge between cryptographic projects.

The declaration affirmed that Tron is the first coin to emerge from the latest challenge. Furthermore, the trading platform averred that it would celebrate the achievement alongside Tron and its community by initiating 24-hours of ZERO exchange fees for buys on TRX.Uphold, after the announcement, praised Tron (TRX) blockchain technology for its scalability and speed, describing it as a necessity in the entertainment industry.Founder Justin Sun also acknowledgment the news by declaring his excitement for the realized success. While the challenge continues, 14 other coins are expected to land on the platform.

Tron Surpasses $80 Million Transaction

According to Tronscan, the total number of transactions performed on Tron blockchain network has surpassed $80 Million after reaching 80,086,992. Increased transaction volume and user-base have been a major focus of the team behind the blockchain network. However, Tron continues to make huge stride in the Dapp industry as the blockchain network incessantly features on headlines. The latest report from the industry reveals that the volume of transactions performed on Tron in the last 7 days doubled that of EOS and Ethereum.

Article Produced By
Khalid Lawal

I am a lifetime Entrepreneur, Contributor @Thrive Global, @Oracle Times, @Coin Gape. Khalid Lawal is a lover of Blockchain technology and a junior analyst. • Hopes to be a venture capitalist one day.

https://todaysgazette.com/15-day-challenge-tron-goes-live-on-uphold-with-24-hours-zero-exchange-fee-on-trx/

Thomas ClaimCo.in

Breaking: Bitcoin BTC Price Tumbles then Recovers Past 10k Amidst US Regulatory Warnings

Breaking: Bitcoin (BTC) Price Tumbles then Recovers Past $10k Amidst US Regulatory Warnings

Bitcoin lost $500 and gained over $1,000 within hours following US regulatory warnings.

                              

Bitcoin, in classic fashion, once again rocked the markets today after

it dropped sharply following US government’s regulatory warnings, only to recover even faster and crossing the $10,000 psychological barrier. This week has generally been tough for Bitcoin given how Facebook’s Libra project has not done well at US Congressional hearings, where several concerns were raised regarding the tech giant’s issues with trust, data protection, and privacy.

Today, when US Treasury Secretary Mnuchin was asked about Libra, he reiterated the government’s concerns and revealed that members of the G7 had the same concerns, particularly about Facebook’s Libra and its impact on financial stability. However, Bitcoin tumbled after Mnuchin said some of the concerns applied to the leading cryptocurrency and that the government will be ensuring that Bitcoin does not become the equivalent of

Swiss accounts (money havens).

We’re going to make sure that bitcoin doesn’t become the equivalent of Swiss-numbered bank accounts, which were obviously a risk to the financial system,” he said during an interview with CNBC.

Following his statement, Bitcoin price went from $9,800 to $9,300 as fear gripped the market in anticipation of stricter legal measures surrounding Bitcoin and cryptocurrency transactions and trading. However, Bitcoin defied the pressure shortly afterward, with consecutive green candles helping it shoot past the previous $10,000 resistance. Bitcoin is currently trading at $10,400 as a result of this volatility. That being said, this price move cannot be considered a definitive reversal and should be approached cautiously, as it could just end up being a bull trap.

Article Produced By
Hunain Naseer

A tech enthusiast and an early crypto investor, Hunain has been holding LTC for years now and believes the crypto space hasn’t seen real highs yet. He is always looking at new and upcoming coin offerings from an investment point of view and can’t stop pushing his friends to join the crypto revolution.

https://cryptovest.com/news/breaking-bitcoin-btc-price-tumbles-then-recovers-past-10k-amidst-us-regulatory-warnings/

 

Thomas ClaimCo.in

Binance Expands Tether USDT Pairs Prepares Passive Income Surprise

Binance Expands Tether (USDT) Pairs, Prepares Passive Income Surprise

The leading exchange is still among the top markets for USDT-based trading, expanding its pairs to several altcoins.

                                  

Binance will expand Tether (USDT) pairs to several altcoins,

setting up new channels for liquidity flows. Trading will start this August 27 for the following pairs: DENT/USDT, MFT/USDT, KEY/USDT, STORM/USDT, DOCK/USDT, WAN/USDT, FUN/USDT and CVC/USDT. Some of the coins listed are relatively obscure or have been forgotten in the latest altcoin slump, such as Civic (CVC) and FunFair (FUN). WanChain (WAN) is currently having something of a revived interest.

The USDT stablecoin has continued to expand its influence, while becoming instrumental for price discovery for multiple assets. USDT now takes up more than 34% of all crypto-to-crypto trades, displacing Bitcoin (BTC) from its leading position. Even as a part of multiple base pairs, BTC takes up around 30% of all trades, and USDT has marked significant growth in the past few weeks. Despite the increased prevalence of USDT pairs with altcoins, prices remain depressed and the assets are extremely risky and volatile. Binance has issued a warning in setting up the new pairs. The exchange may announce new changes to allow for passive income, at least as hinted by its CEO,

Changpeng Zhao:

Would you like to earn #crypto while you sleep?
Keep an eye on @binance today.

Following the news, Binance Coin (BNB) inched up slightly to $26.95, managing to keep most of the year’s gains, though weakening from its recent peaks above $34. Binance has just completed the Perlin (PERL) token sale, with expectations of launching trading soon. In the past, Binance did not grant USDT pairs to newly listed assets, but now, almost all new additions receive stablecoin pairs, including smaller stablecoins such as TrueUSD (TUSD) and USDC. Currently, USDT coins flow into BTC and a handful of major altcoins, but there is also a lively trade with Paxos Standard (PAX) and TUSD, which are fully backed by fiat and offer a way to liquidate funds.

Article Produced By
Christine Masters

Business writer with a knack for bubbles and market madness. Has tracked it all: the financial crisis of 2008 and the implosion of Lehman Brothers; bank bailouts and peak gold and silver, penny stocks…and now Christine has moved to cryptocurrencies for fresh stories.

https://cryptovest.com/news/ethereum-classic-etc-shows-price-strength-ahead-of-hard-fork/

Thomas ClaimCo.in

Ethereum Foundation Unveils 2M Worth Funding for Development of Serenity ETH20

Ethereum Foundation Unveils $2M Worth Funding for Development of Serenity (ETH2.0)

As reported, the very first stage of the transition from Ethereum network’s to Ethereum 2.0

is expected to take place on January 3, 2020. As we near the launch of Ethereum’s Beacon Chain, the open-source blockchain developer unveiled grants of over $2M. The grants are to be allocated to development teams worldwide aiming at furthering the Serenity (Eth2.0) project. According to a blog post from the company, it has partnered with Protocol Labs and ConsenSys for the allocation of the grants. The announcement says that significant awards will be granted to the leading client development teams, who, at the moment, have been currently tasked with creating long-standing multi-client Test Networks (Testnets) as the launch of Phase 0 draws near.

The said funds are going to be distributed among nine companies and researchers. Companies that have received funding for client development include Harmony ($189K for Harmony beacon chain development), Prysmatic Labs ($725K for Prysm client development), Status ($500K for Nimbus client development), Sigma Prime ($485K for Lighthouse client development), Chainsafe ($217.5K for Lodestar light-client and javascript development), Whiteblock ($184K for ETH2.0 testing), Status ($500K for Nimbus client development). Status has also received $150K for nim-libp2p development. The team is creating a native nim-language implementation of libp2p for use in Nimbus and other projects.

The Ether Foundation, alongside these awards, has also declared allocation of 5 ETH bounties (or 1,000 units of DAI, USD-pegged decentralized stablecoin) for any technical recommendations that will enhance the functionalities of ETH 2.0 before the chain is launched. A series of bounties have also been offered for the Legendre pseudo-random function, which is expected to be a part of the forthcoming proof of custody scheme in Phase 1 of ETH 2.0. The winners of the StarkWare hash (SFH) challenge will also be rewarded. The challenge aims at evaluating the security of currently proposed SFH functions. It is proposed at four security levels: low-security, medium-security, target-security, and high-security in multiple scenarios.

Cryptocurrency analyst Dmitry Khovratovich was awarded $10K to present a report regarding the security of some aspects of the first version of ETH 2.0. Also, Chainsafe received $217.5K for developing its Lodestar light client and javascript. A lot of other initiatives have also been undertaken by Ethereum Foundation towards the development of decentralized protocols and tools that empower developers to produce avant-garde decentralized applications (dapps) that would result in an internet that’s more globally accessible, freer and more trustworthy.

Article Produced By
Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

https://www.cryptonewsz.com/ethereum-foundation-unveils-2m-worth-funding-for-development-of-serenity-eth2-0/39188/

Thomas ClaimCo.in

Dogecoin Suffers Under Market Pressure Price Hovers Around 00026

Dogecoin Suffers Under Market Pressure; Price Hovers Around $0.0026

Dogecoin has continued the downtrend in the market.

The coin is seen battling the market pressure but could reach above $0.0026. The entire altcoin market is seen dealing with the bear from the opening hour. There are not many expectations from the coin. The traders might be seen having a low day. Yesterday, Dogecoin was witnessed touching a high at $0.002829 and a low at $0.002640. The volume noted in yesterday’s chart was $22,974,750. Let’s have a look at how the DOGE is performing today.

Looking at the Dogecoin chart, we can observe a slight fall in the price of the coin. Yesterday, the Dogecoin price started dealing at $0.002666. The price jumped from $0.002666 to $0.002738 by 2.69%. The coin immediately slipped from $0.00273 to $0.00258. The regression marked was around 6.18%. DOGE price managed to return back to $0.002685 with a slight upside movement of 0.72% during the day. Today, the coin opened with a fall. The drop is noted to be of 5.52%. Dogecoin price changed from $0.002685 to $0.002537. DOGE has booked a fall of 1.43% from the opening price till now. The coin is currently dealing at $0.002651.

Current Statistics of Dogecoin:

Particulars Dogecoin
Price $0.002651
ROI 370.23%
Market Cap $317,942,748
24-Hour Volume $22,077,826
Circulating Supply 120,953,861,298 DOGE
Total Supply 120,953,861,298 DOGE

Dogecoin is started moving downwards due to current market pressure. Well, the downfall doesn’t seem to pass anytime soon. The intraday traders might be seen suffering today. Dogecoin has a high future prospect. Altogether, DOGE would give a high return on investment to the long-term traders.

Article Produced By
Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

https://www.cryptonewsz.com/dogecoin-suffers-under-market-pressure-price-hovers-around-0-0026/39187/

Thomas ClaimCo.in