Migrating to Layer 2
May 11, 2021The Question Is Not IF, But WHEN Will Cardano (ADA) Reach $3
May 11, 2021
Most of the major cryptocurrencies hit new all-time highs this past week. Ethereum (ETH) managed to surpass the psychological level of $4,000 during the week, recording a new-all time high. Binance Coin (BNB) hit $680 — the highest level since inception.However, the biggest surprise for the crypto market or, actually, for some cryptocurrency users was the phenomenal price increase of Dogecoin, the meme-based virtual currency. DOGE soared to almost 0.75$, recording an approximately 90% price increase throughout the past week. Because of this, DOGE became the 4th biggest cryptocurrency by market cap and remained in this position for a couple of days. It was even about to flippen (displace) Binance Coin (BNB) from the 3rd place:Source: TwitterOn Friday, April 7th, Mike Novogratz, well-known crypto bull and founder of cryptocurrency investment firm Galaxy Digital, was asked to explain what he thinks about the Dogecoin massive rally and what this means for the market during the ‘Ethereal Virtual Summit 2021’. The crypto bull said: ‘Dogecoin rally is a little bit of a middle finger to the financial system.‘However, not all cryptocurrency enthusiasts are happy with and support the meme-coin success. Barry Silbert, the founder and CEO of the biggest cryptocurrency fund Grayscale, announced on Saturday, May 8th, that he had open a short position against DOGE and underlined that it is time to put an end to the DOGE party:Source: TwitterThis news surprised the DOGE fans, and the price of the meme-coin started to decline. Nevertheless, the DOGE fans decided not to give up. The Chairman, one of the most famous DOGE fans army leaders, hinted that the DOGE community won’t give up and will fire back:Source: TwitterThe biggest surprise about the DOGE drama came on Sunday when SpaceX and Geometric Energy Corporation (GEC) announced ‘DOGE1 Mission to the Moon 2022’ —…
