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Read all the latest crypto news curated from the best local news sources globally. We provide up-to-date crypto news items so you can make the best investment choices.

SHIB

Shiba Inu (SHIB) is an Ethereum-based cryptocurrency that made its debut in August 2020, created by the mysterious and anonymous figure known as Ryoshi. When it started, it was birthed as a meme coin, borrowing a bit of Dogecoin’s playful spirit. But, SHIB has since carved out a more ambitious identity. While Bitcoin aims to be a store of value, and Ether powers decentralized apps, SHIB started off as a community-driven project but quickly expanded to embrace decentralized finance (DeFi), a layer-2 blockchain solution, and NFTs. SHIB doesn’t have its own independent chain. It operates as an ERC-20 token on Ethereum&#8217;s blockchain, leaning on the blockchain&#8217;s huge security and smart contract infrastructure. The token began with a super huge supply of one quadrillion, though a hefty chunk—over 410 trillion—was burned by Ethereum co-founder Vitalik Buterin, catching the eyes of the crypto space. How Does Shiba Inu Work? SHIB is part of a larger ecosystem that includes: ShibaSwap: A decentralized exchange (DEX) where SHIB holders can stake, swap, and earn rewards. BONE and LEASH: Two additional tokens that offer governance and staking perks. Shibarium: A layer-2 blockchain that aims to scale the network and reduce Ethereum gas fees. While it&#8217;s accurate that SHIB isn&#8217;t mined and operates as an ERC-20 token on the Ethereum blockchain, Ethereum transitioned from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism in September 2022 with the Ethereum 2.0 upgrade. Therefore, Ethereum&#8217;s PoS mechanism currently validates SHIB transactions, providing both security and decentralization. Shiba Inu vs. Other Cryptos Compared to Dogecoin (DOGE), which relies on proof-of-work (PoW) mining, SHIB’s foundation on Ethereum allows it to interact with DeFi apps. And unlike Bitcoin’s capped supply of 21 million coins, SHIB had a huge initial supply, but ongoing burns are slowly shrinking the total circulation. The Role of Blockchain in Shiba Inu Thanks to Ethereum, SHIB benefits from strong security and decentralization. Albeit, Ethereum&#8217;s notorious high gas fees have been a pain point, leading to the development of Shibarium, which promises to cut down on those costs. Investing in Shiba Inu Is Shiba Inu a Good Investment? Judging by past market behavior, SHIB is a high-risk coin. It updived by over 1,000,000% in 2021, but prices have been all over the place since then. If you&#8217;re thinking of throwing in funds, make sure you understand the volatility and adjust your expectations accordingly. Key Considerations: Volatility: SHIB’s price is a rollercoaster, so be ready for some ups and downs. Market Sentiment: The bearish mood right now could lead to short-term losses. Pros: A strong community (ShibaArmy), DeFi use cases, and an expanding ecosystem. Cons: Huge price swings, meme-coin status, and uncertain long-term utility. Investment Strategies &amp; Best Practices Long-Term Holding (HODL): For those who believe SHIB’s price could rise as adoption grows. Short-Term Trading: For risk-takers who want to capitalize on price swings (but it’s not for the faint-hearted). Staking &amp; Yield Farming: You can stake your SHIB on ShibaSwap for passive income. Long-Term vs. Short-Term Holding Long-Term Investment: Hold on to SHIB and hope for mass adoption down the road. Short-Term Trading: Expect volatility, but potential high-reward opportunities for experienced traders. Legal &amp; Regulatory Considerations SHIB operates in a bit of a grey area when it comes to regulations. It’s not classified as a security (yet), but new rules could pop up that might affect how it’s traded or taxed in the future. Keep an eye on regulatory changes if you plan to invest. How to Buy &amp; Trade Shiba Inu How to Buy Shiba Inu? Ready to invest? Here’s how to buy SHIB: Choose an exchange (Binance, Coinbase, Kraken, etc.). Set up your account and verify your identity. Deposit funds (via bank transfer, credit card, or even another crypto). Buy SHIB directly on the exchange. Store your SHIB safely in a wallet (more on that below). Best Exchanges to Trade Shiba Inu Binance: A top choice for liquidity and lots of trading pairs. Coinbase: Great for beginners with its simple, user-friendly interface. Kraken: Known for strong security features. Gemini Transaction Fees &amp; Trading Costs Fees vary depending on the exchange. Binance charges about 0.1% per trade, while Coinbase is a bit pricier. Don&#8217;t forget about Ethereum’s gas fees if you’re transferring SHIB to another wallet! Shiba Inu Wallets &amp; Security Best Wallets for Shiba Inu Hot Wallets (Online): MetaMask, Trust Wallet (convenient but less secure). Cold Wallets (Offline): Ledger, Trezor (best for long-term storage and security). How to Secure Your Shiba Inu Holdings Use 2FA (Two-Factor Authentication) on exchange accounts. Store large holdings in cold wallets. Be wary of phishing scams—always verify URLs before connecting your wallet. Custodial vs. Non-Custodial Wallets Custodial wallets (like exchange wallets) manage your private keys for you. Non-custodial wallets give you full control of your assets. Shiba Inu Adoption &amp; Use Cases Key Partnerships &amp; Integrations ShibaSwap: The DEX that allows for staking and liquidity provision. BitPay: Some businesses now accept SHIB payments. Shibarium: The layer-2 network that helps scale the ecosystem and lower fees. Adoption in Global Markets SHIB has made some headway in the real world, with certain merchants and crypto platforms accepting it. Plus, NFTs like Shiboshis are part of the growing market. This statement is accurate. On February 4, 2025, the UAE&#8217;s Ministry of Energy and Infrastructure (MoEI) announced a partnership with Shiba Inu to advance digital transformation by integrating blockchain solutions across public services, aiming to enhance transparency and efficiency. Innovations in the Ecosystem Shibarium aims to bring more efficiency to the network, cutting down gas fees. The DeFi ecosystem is expanding, and decentralized apps (dApps) are being built within this space. Final Thoughts on Shiba Inu (SHIB) Future Outlook &amp; Growth Potential The future of SHIB depends on a few things: Adoption and real-world utility. The success of Shibarium in reducing transaction costs. Ongoing community engagement. Pros &amp; Cons of Investing in Shiba Inu Pros: A dedicated and passionate community (ShibaArmy). Ecosystem growth with DeFi and NFTs. Potential for gains during bullish market trends. Cons: Volatility and unpredictable price moves. Meme-coin status could hinder long-term utility. Dependence on Ethereum’s network for transactions. Community &amp; Developer Support The Shiba Inu community is massive and growing, with active development on projects like ShibaSwap, Shibarium, and the NFT space. Is Now the Right Time to Invest in Shiba Inu? The current sentiment in the Shiba Inu market leans bearish, with indicators suggesting a potential decline in price over the coming months. Market conditions reflect heightened caution, as fear levels remain significantly elevated. Despite the downturn, there are still opportunities for short-term gains. Cryptocurrency price predictions vary widely, with some sources forecasting notable growth while others project more modest increases. Given this unpredictability, it’s crucial to approach such forecasts with skepticism—crypto markets are notorious for their volatility, making precise timing a challenge, especially for less experienced investors. Looking further ahead, price estimates for SHIB indicate a broad range of potential outcomes. While some projections suggest substantial returns in the future, it’s important to remember that these figures are speculative, and the market can shift rapidly in either direction. For those who believe in the long-term prospects of the Shiba Inu ecosystem, including developments in blockchain technology and decentralized finance, there may be growth potential. However, as with any crypto investment, uncertainty remains a key factor. So, is now the right time to invest? That depends on your risk tolerance. If you’re new to the space or prefer lower-risk investments, waiting for more stable conditions may be wise. On the other hand, if you have a high-risk appetite and a strong belief in SHIB’s future, there could be opportunities—just be prepared for the inherent volatility of the market. Whether considering an entry point or expanding an existing position, it’s essential to stay informed, manage risk carefully, and be ready for market fluctuations. Crypto investing requires patience, strategy, and an understanding of the unpredictable nature of digital assets. FAQs 1. What is Shiba Inu? Shiba Inu is an Ethereum-based cryptocurrency that started as a meme coin but has expanded to include DeFi and NFTs. 2. How does Shiba Inu work? SHIB operates on Ethereum’s blockchain and uses a decentralized exchange (ShibaSwap) and a layer-2 blockchain (Shibarium). 3. Is Shiba Inu a good investment? SHIB has high volatility, with potential for big swings, so it’s a high-risk investment. 4. How can I invest in Shiba Inu? Buy SHIB on exchanges like Binance, Coinbase, and Kraken, then store it in a secure wallet. 5. Where can I trade Shiba Inu? You can trade SHIB on Binance, Coinbase, Kraken, and Gemini. 6. How do Shiba Inu transaction fees work? Fees vary by exchange, and Ethereum’s gas fees also apply when transferring SHIB. 7. What are the best wallets for Shiba Inu? MetaMask and Trust Wallet are popular hot wallets, while Ledger and Trezor are cold wallets for better security. 8. What is Shiba Inu’s future potential? SHIB’s future depends on adoption, Shibarium’s success, and ongoing community support. 9. What are the risks of investing in Shiba Inu? Risks include high volatility, meme-coin status, and reliance on Ethereum for transactions. 10. Is now the right time to invest in Shiba Inu? The market is currently bearish, so caution is advised, but there may be opportunities for high-risk investors. SHIB Price Prediction SHIB News

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Shiba Inu price falls 18% this week, but Shibarium surpasses 1 billion transactions. Can Shibarium’s rapid expansion and surging transactions bring a price rebound?

Shiba Inu Price Drops 5% While Shibarium Hits 1 Billion Transactions— Is It Time to Buy SHIB?

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Coinfomania

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Let's explore Shiba Inu's SHIB news: price dip clashes with Shibarium's historic 1B transaction milestone.

From Bear to Bull: Can Shibarium's $1 Billion Transactions Milestone Revive SHIB's Sinking Price?

From Bear to Bull: Can Shibarium&#8217;s $1 Billion Transactions Milestone Revive SHIB&#8217;s Sinking Price?

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Shiba Inu drops 4% while Shibarium surpasses 1 billion transactions. SHIB trading volume rises 20% to $229M amid market-wide decline.

Shiba Inu Drops Over 4% as Shibarium Hits 1 Billion Transactions

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Let’s see how SHIBARIUM has outpaced Bitcoin, reaching 1 billion transactions in record time

Shibarium Blockchain Hits Record 1 Billion Transactions! What Is the Impact on SHIB Price?

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Shiba Inu surpasses 1 billion transactions, marking a major milestone in its growing DeFi and metaverse ecosystem while proving its lasting value beyond meme coin status.

Shiba Inu Celebrates Major Milestone: 1 Billion Transactions and Counting

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Discover the latest SHIB price analysis. Can aggressive token burns push SHIB towards CoinCodex’s $0.00002045 target by April 5?

Shiba Inu Countdown to April 5: Analysts Eye SHIB Price Surge to $0.00002045

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Ethereum (ticker: ETH, or &#8220;Ether,&#8221; for short) is an open-source blockchain that powers smart contracts and decentralized applications (dApps). Open source, meaning middlemen, like banks, are not needed to create or run programs. Thus, it is often called the backbone of Web3 because it is where most of the action happens in crypto—DeFi, NFTs, gaming, and more. Ethereum, which was launched in 2015 by Vitalik Buterin, Gavin Wood, and Joseph Lubin, is different from Bitcoin. It is programmable, which means developers can build applications directly on its network. That is why it is perceived as the foundation of everything from decentralized finance (DeFi) platforms to NFT marketplaces and even blockchain-powered games. Ethereum has come a long way since its early days, with different upgrades, improving security, scalability and the works. One notable fork was The Merge in 2022, moving it from Proof-of-Work (PoW) to Proof-of-Stake (PoS)—a shift that cut energy consumption by 99.9% and set the stage for future advancements. The latest news in the Ethereum Foundation is the appointment of Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors, while former director Aya Miyaguchi has stepped in as president. How does Ethereum work? Ethereum runs on a decentralized network of nodes that maintain the blockchain. Instead of miners, validators—who stake ETH—now secure the network and verify transactions. Central to it is the Ethereum  Machine (EVM), a decentralized computational powerhouse that runs smart contracts. These contracts, written in Solidity, execute automatically—no middlemen, no trust issues, just pure code. For transparency and security, every transaction is put down on a public ledger. With thousands of nodes worldwide, Ethereum remains resistant to central control or attacks—a key reason why it is so widely in use. Ethereum vs. Other Cryptocurrencies Ethereum sets the standard for blockchain-based applications. Bitcoin is great as a store of value and making transactions, but Ethereum&#8217;s strong suite is smart contract functionality. Obviously, newer blockchains like Solana, Avalanche, and Cardano are stepping up the competition, offering lower fees and faster transactions. But Ethereum still leads DeFi, NFTs, and enterprise adoption, and the upcoming Ethereum 2.1 upgrade (with sharding) will handle scalability to keep it ahead of the other blockchains. The Role of Blockchain in Ethereum Ethereum’s blockchain does a lot more than just process transactions. It supports popular token standards like: ERC-20, which is used for fungible tokens (think stablecoins, governance tokens, and DeFi tokens). ERC-721 is the foundation of NFTs, enabling ownership of digital art, collectibles, and more. By removing traditional financial middlemen, Ethereum fuels the DeFi industry, allowing secure lending, borrowing, and trading without banks. Investing in Ethereum Is Ethereum a Good Investment? Ethereum is one of the strongest digital assets out there—a thriving ecosystem with a huge developer community and constant innovation. The move to PoS slashed its carbon footprint and made it greener than before. Plus, Ethereum’s large DeFi, NFT, and Layer 2 ecosystem pumps its long-term value. That said, crypto is well-known for volatility. Ethereum’s price swings are influenced by market trends, regulations, and macroeconomic shifts. For example, ETH has dropped 12.56% in the last seven days, showing that bearish pressure still acting. But the bigger picture looks better. The Ethereum 2.1 upgrade (expected in late 2025) will introduce sharding, boosting scalability and bringing down transaction fees. Add in Layer 2 solutions like Optimistic Rollups and zk-Rollups, and Ethereum&#8217;s congestion issues may soon be a thing of the past. For HOLDLers, these upgrades could be a game-changer, making Ethereum even more competitive. Investment Strategies &amp; Best Practices If you&#8217;re thinking of investing in Ethereum, strategy matters. Here are some tried-and-tested approaches: Dollar-Cost Averaging (DCA): Buying ETH at regular intervals reduces risk from price swings. Staking: Earn passive income by staking ETH while contributing to network security. Diversification: Don’t go all-in—balancing Ethereum with other assets helps spread risk. Long-Term vs. Short-Term Holding Buy-and-hold investors see Ethereum as an essential piece of the decentralized future. They believe it will reshape industries beyond finance. Short-term traders play the price swings for quick gains—high risk, high reward (but not for the regular traders). Legal &amp; Regulatory Considerations Crypto regulations are a moving target. Some countries embrace Ethereum, while others impose strict restrictions. Investors should stay informed about tax laws, compliance rules, and potential legal risks before making big moves. How to Buy &amp; Trade Ethereum How to Buy Ethereum Getting your hands on Ethereum is pretty simple: Choose an exchange – Binance, Coinbase, Kraken, or Gemini are all solid choices. Create an account – Sign up and complete identity verification. Deposit funds – Use fiat currency or other cryptos. Buy ETH – Place an order based on your budget. Transfer to a wallet – Keep it secure in a personal wallet, not just on an exchange. Best Exchanges to Trade Ethereum Ethereum is available on almost every major crypto exchange, including: Binance Coinbase Bybit Kraken Gemini MEXC Global OKX Gate.io Transaction Fees &amp; Trading Costs Ethereum&#8217;s gas fees fluctuate based on network activity. When demand is high, fees can get expensive. Some exchanges also charge varying trading fees, so compare costs before trading.  Ethereum Wallets &amp; Security Best Wallets for Ethereum To secure your ETH, choosing the right wallet is very important: Hardware Wallets (Cold Storage) – Best for security (Ledger Nano X, Trezor Model T). Software Wallets (Hot Wallets) – More convenient but online (MetaMask, Trust Wallet, Exodus). Exchange Wallets – Easy to use, but riskier due to potential hacks. Paper Wallets – Highly secure but impractical for daily use. Security Best Practices Enable Two-Factor Authentication (2FA) for extra protection. Use strong, unique passwords. Store private keys offline in a secure location. Watch out for phishing scams and shady links. Ethereum Adoption &amp; Future Growth Key Partnerships &amp; Innovations Ethereum is everywhere, powering: DeFi platforms like Uniswap and Aave NFT marketplaces such as OpenSea Enterprise solutions backed by Microsoft and JPMorgan Major upgrades are also coming: Ethereum 2.1 (late 2025): Introducing sharding for better scalability. Layer 2 solutions: Optimistic Rollups &amp; zk-Rollups will make transactions faster and cheaper. Final Thoughts: Ethereum&#8217;s Future Potential President Donald Trump announced that ETH, BTC, XRP, SOL, and ADA will be part of the U.S. Crypto Strategic Reserve. This move began a market surge, with BTC surpassing $93,000 and ETH rising nearly 5%. At the moment, ETH is priced at $2,379.39 (CoinMarketCap) as of writing, and forecasts suggest a 21.26% increase, which would take its value to $2,894.68 by April 2, 2025 (CoinCodex).  Despite this projected rise, market sentiment remains bearish, with the Fear &amp; Greed Index at 33, indicating that many investors are cautious about entering the market right now. Ethereum has recorded 40% green days in the last 30 days, meaning it has seen positive price movements 12 times out of the last 30 days. Volatility remains relatively high at 7.98%, signaling that price swings could continue in the short term. The short-term forecast indicates that Ethereum’s price will fluctuate over the next week, with a slight dip on March 6 before rebounding to $2,507.53 by March 8, 2025, marking a 5.08% increase from today’s price. Going beyond the near term, Ethereum&#8217;s performance for the rest of 2025 is expected to be much better. CoinCodex suggests that ETH will trade in a price cap between $2,269.03 and $6,880.35, with a middle price of $4,452.55 for the year. The potential return on investment based on these predictions could be as high as 189.30% by the year-end.  ETH is expected to break past the $3,000 mark in April, eyeing a maximum of $4,297.56, and by May, it could climb to $6,055.70 if the trend continues. The months of August, September, and October could see ETH testing new highs, with potential prices reaching between $5,491.05 and $6,880.35. Pros &amp; Cons of Investing in Ethereum Pros: Strong developer community and continuous innovation. Huge adoption across DeFi, NFTs, and enterprise sectors. Transition to Proof-of-Stake (PoS) improves energy efficiency and scalability. High liquidity and market capitalization ensure stability. Cons: High gas fees during network congestion. Scalability issues compared to newer blockchains. Regulatory uncertainties in various countries. Potential risks from Ethereum competitors. Community &amp; Developer Support Ethereum has one of the largest known blockchain development communities. Vitalik and the Ethereum Foundation continue to support ecosystem growth. The Devcon and ETHGlobal conferences point to ongoing innovations, helping to engage the developer network. Is Now the Right Time to Invest in Ethereum? For quick-profit traders, the current market conditions suggest that ETH is not in a good buying zone, as the bearish sentiment and technical indicators point to potential near losses. Albeit, for growth-focused investors, Ethereum’s roadmap and strong tokenomics make it a solid investment for those willing to wait out volatility.  With the upcoming Ethereum 2.1 upgrade and increased institutional support, Ethereum’s future looks strong. Still, competition and external risks should be considered before making investment decisions. FAQs 1. What is Ethereum? Ethereum is a blockchain for creating smart contracts and decentralized apps. 2. How does Ethereum work? Ethereum uses nodes to secure transactions and run contracts automatically. 3. What is Ethereum 2.1? Ethereum 2.1 is an upgrade to make it faster and cheaper. 4. Is Ethereum a good investment? Ethereum is strong but volatile; do your research. 5. How can I invest in Ethereum? Buy it on exchanges like Coinbase and store it in a wallet. 6. What are the best wallets for Ethereum? Ledger Nano X and MetaMask are good wallets. 7. Where can I buy Ethereum? Buy it on Binance, Coinbase, or Kraken. 8. How do Ethereum transaction fees work? Fees, called gas, depend on network activity. 9. What is Ethereum’s role in DeFi? Ethereum powers decentralized finance (DeFi) platforms. 10. What are the risks of investing in Ethereum? Risks include high fees, competition, and regulations.

Vitalik Buterin donates 274 ETH to Zuitzerland, a decentralized project inspired by Zuzalu, after selling gifted altcoins.

Vitalik Buterin’s Surprise Move: Why He Donated 274 ETH to Zuitzerland

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MUTM

MUTM token surges in presale with structured DeFi lending. Can Mutuum Finance redefine the crypto landscape?

Mutuum Finance Presale: Will MUTM Surge 13,900% After Launch?

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Let’s explore how Shytoshi Kusama’s return could impact the Shiba Inu ecosystem. Will his cryptic message spark a SHIB rally, or is it just hype?

Shytoshi Kusama’s Mysterious Return – Is a Game-Changer Coming for the Shiba Inu Ecosystem?

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DOGE

Dogecoin (DOGE) is a meme coin that is inspired by the Japanese dog Shiba Inu from the meme “Doge,” the dog name Kabosu image is on the coin. Elon Musk openly favors DOGE; the coins run on an open-source, peer-to-peer cryptocurrency created by software engineers Billy Markus and Jackson Palmer.  They created this space as a joke that later got fully transformed and adopted by the fans as a full-fledged coin. Dogecoin’s native token, DOGE, is a lighthearted and affordable alternative to traditional coins. It is a highly secure space that stores information as a public ledger maintained by the nodes.  This crypto was created in 2013 using a mining process similar to that of Bitcoin. The block time of DOGE is one and a half minutes as compared to Bitcoin; 10 minutes is less. In 2017, Dogecoin&#8217;s value surged very high, and in 2021, Elon Musk started openly supporting the crypto by tweeting it on X. DOGE runs on its blockchain, offering a highly secure environment. It is an independent network offering fast and low-cost transactions. Since transactions on this blockchain are public, using a hardware wallet would be beneficial as it keeps your address anonymous. Investing in Dogecoin If you are looking to invest in Dogecoin, then you need to have full confidence in the project and its potential. It is very clear that billionaire Elon Musk openly supports this crypto, which is also one of the reasons for its widespread adoption and massive market cap of $28.69 billion as of March 3, 2025.  Investment Strategies &amp; Best Practices for DOGE Investment strategy for DOGE investment should be crafted wisely because this crypto has a very unique value proposition in the world of crypto. Big influencers and public figures do back this crypto, making it surge to $0.1943 at the time of writing from its price of $0.00026 as of January 7, 2025, at the time of its launch.  The Dogecoin price is driven by its supply and demand; according to the Forbes data during the Trump winning election, it outperformed Bitcoin due to reduced regulatory uncertainty. DOGE nearly surged over 16.7% during that month of November 2024. The same month, the coin moved to 7th position on the listing on CoinMarketCap Ranking.  Long-Term Holding for Dogecoin There are several factors that influence a coin price, such as crypto regulation, adoption, investor interests, whales investment, and community support. So before making any investment in DOGE, it is best to stay updated with the latest market trends and scenarios.  Ryan Lee, chief analyst at Bitget Research, according to Forbes notes that historically, Dogecoin (DOGE) has celebrity support, and as you have entered into 2025 investors optimism is increasing, which could lead the DOGE to break the market of $1, which will be driven by its strong DOGE community.  This analyst suggests that the price of Dogecoin will be between $0.2777 and $0.3337, with an average of $0.2856 in 2025. And according to Binance forecast, if the crypto rose by 5%, then in 2028 the crypto will reach $0.224838, and by 2030, the price will reach around $0.247884, showing bullish sentiment. Now considering these long-term price predictions, the crypto does reflect bullish trends; however, these are just predictions that may change as the market is highly unpredictable and new regulations and events influence a crypto price hugely. So before making any long-term investment, make sure to keep yourself updated with the current market scenario and take an entry point during the time of dips.  The things you can remember as a long-term investor are: don&#8217;t panic sell, choose a good wallet, and make sure to keep an eye on market volatility. Try to understand more about the DOGE market cycle by joining its community accounts on social media to gain more insight into the crypto and the latest updates.  Short-Term Holding for Dogecoin If you are a short-term holder or investor, you need a strong investment strategy that encompasses a good risk management factor. Dogecoin is highly influenced by hype, social media trends, and celebrity endorsements, so keeping an update on these and then making entries during dips will be beneficial. However, vigilant monitoring of price is required to prevent losses and hunt down the support and resistance levels to determine potential entry and exit points. Get the knowledge on how to use technical indicators and find the best one for yourself.  Start by learning how to read charts with frequent price swings, such as the recent market uncertainty in the month of February that led to the wipeout of $800 million according to Binance due to hacking, threats, and fraud, which led to many big cryptos witnessing a downtrend. This is why keeping tabs on such events is important.  Trade during the time of high volatility uitable for day trading or swing trading strategies and hunt for the breakouts and price momentum to take advantage of short-term pumps. Start monitoring whales and institutional activity.  If you are trading on margin or futures, use low leverage to avoid liquidation in volatile conditions. Make sure to set stop-loss orders to protect you from major downturns. Be prepared for sudden spikes and take profits before hype fades. Legal &amp; Regulatory Considerations for DOGE Compliance with the regulatory framework is crucial for better operational strategies and decisions. Because the regulatory framework is constantly changing, it requires constant updates from legal experts that you can easily receive by following the accounts on social media or by hiring one. The regulatory dynamic changes based on the region and the country. Jurisdictions like New York, with its BitLicense program, offer detailed compliance standards that Dogecoin users and exchanges must adhere to.  With bodies like the SEC and New York’s Department of Financial Services (NYDFS) regularly monitoring the cryptos, it is wise to stay compliant with their regulatory framework. Make a habit of reviewing the guidelines regularly and implement anti-money laundering (AML) and Know Your Customer (KYC) protocols.  Regulatory policies impact Dogecoin’s entry into global markets. Each country’s approach, such as NYDFS’s regulations, can affect how Dogecoin is adopted in financial systems worldwide. This highlights the need for companies to stay proactive in understanding cross-border compliance. Many countries like India have introduced India taxes on crypto trading profits at 30% and have a 1% TDS on transactions. These are the things that an investor should consider while investing. Likewise, in the USA, Eric Trump on X recently mentioned the 0% capital gains tax on homegrown cryptos like XRP and HBAR. However, it is not official, so keeping yourself updated with these things can be beneficial. How to Buy &amp; Trade Dogecoin Buying Dogecoin is not a difficult task, as you are required to sign up with the exchange platform and make an account by doing KYC. Choose any of these platforms to buy Dogecoin: Coinbase, Binance, Kraken, Gemini, CoinDCX, and KuCoin. Make sure to deposit funds once your account is live and place an order to buy Dogecoin.  There are different types of orders you can use as market orders that allow you to buy DOGE at the current market price relatively quickly compared to the others. You can also limit orders by setting a specific price at which you want to buy Dogecoin. Lastly, a stop limit specifies a stop price that triggers a limit order. After selecting your order type and Dogecoin amount, you’ll need to confirm your transaction. Review all the details, including fees and the amount of DOGE you&#8217;re purchasing. For added security, you can transfer your Dogecoin to a software wallet (like Trust Wallet or MetaMask) or hardware wallet (like Ledger or Trezor).  However, if you are hunting for the best exchange platform, Binance is a great choice. Transaction fees depend on your account level and BNB holding over the last 30 days, though the standard rate is 0.1%. Sending crypto to an external wallet incurs a fixed fee ranging from $0.1 to $2. Meanwhile, the trading fees for different types of trades differ in this space. Dogecoin Wallets &amp; Security If you are looking for the best wallet for holding DOGE, then it is Trezor. It is a hardware wallet where you can keep track of your DOGE even when offline. This makes it a super-easy option amid the ongoing, growing hacking and threats. Managing your DOGE here is super simple: install the Trezor Suite App to send, receive, and manage the crypto. Custodial vs Non-Custodial Wallets for DOGE Choosing of custodial or non-custodial wallets depends on your type of investment, and both of these wallets are suitable for only one kind of investing so if you are a long-term trader,, then a non-custodial wallet, but if you are a short term trader, then choose the custodial one.  Custodial Wallets (Exchange Wallets) This type of wallet gives you control over your pass keys to a third party, such as Binance. Here, you have less control over your funds, but the exchanges often offer additional security, which is good for short-term holding of DOGE. The additional security layers provided by this wallet are insurance, two-factor authentication (2FA), and anti-hacking measures. But there are still risks, like if the exchange gets hacked, withdrawals will be frozen, and you could lose DOGE. Custodial wallet examples: Binance Wallet, Coinbase Wallet, and Kraken Wallet. Non-Custodial Wallets (Private Wallets) Noncustodial wallets are private wallets that are more secure compared to custodial ones. Here, you have control of your private key, meaning you get to control your Dogecoin. These wallets have a backup system and strong personal security measures (e.g., backing up seed phrases). It requires manual transfers for trading but eliminates third-party risks. But make sure to remember your seed phase, or else you will lose your funds permanently. Dogecoin Adoption &amp; Use Cases Dogecoin has gained wider adoption due to its key partnerships that are always fueling its growth, such as  Tesla, owned by Elon Musk, accepting Dogecoin for merchandise in 2021 and starting openly tweeting on X, boosting the cryptocurrency’s mainstream presence. SpaceX announced the DOGE-1 mission.  In sports, Mark Cuban’s Dallas Mavericks began accepting Dogecoin, followed by BlockFi, BitPay, and businesses like AT&amp;T, Twitch, and Newegg. This adoption of Dogecoin (DOGE) was rapidly fueled by crypto platform support like Crypto.com, which joined Dogecoin as its Visa-backed Debit card. The cherry on the cake work was done by the mega e-commerce giants like Etsy and Shopify, which allowed merchants to accept Dogecoin via third-party payment processors like CoinPayments and BitPay. Robinhood also played a massive role in the Dogecoin surge as it made retail investments, and many celebrities openly showed support and promoted it,  such as Snoop Dogg, Mark Cuban, and Gene Simmons. Final Thoughts on Dogecoin In conclusion, if you are wondering whether now is the right time to invest in Dogecoin, then honestly, that depends on risk tolerance and risk management strategies along with your knowledge of the market. To definitely meet your investment goals, a mind map or strategy is required. The coin is backed by a huge community and celebrity support, particularly Elon Musk, who shows an aggressive stance on this crypto, because of which DOGE has maintained its visibility. Its low transaction fees and fast blockchain time compared to traditional crypto projects like Bitcoin keep its users at an advantage. It is surely an attractive option for microtransactions and online payments.  However, Dogecoin does have some disadvantages, such as a lack of significant advancement and its reliance on external factors for the pierce movement. Musk&#8217;s influence could pose a risk, but the coin&#8217;s future outlook is definitely promising, especially with wide mainstream adoption. It is advised that if you are looking to diversify your portfolio, you should make sure to learn about the essentials for managing the inherent risks of investing in Dogecoin and always stay updated with the crypto market. FAQ 1. Who is the creator of Dogecoin, and why was it launched? The creators of Dogecoin are two software engineers named Billy Markus from America and Jackson Plamer from Australia, who collaborated and launched the Dogecoin platform domain called www.dogecoin.com on December 4, 2023. Earlier, the DOGE was launched as a meme or joke, and later, due to its increased popularity, the coin later evolved into widely used crypto.  2. Is Dogecoin better than Bitcoin?  Yes! Dogecoin has outperformed Bitcoin in many ways. Such as it is DOGE is sustainable crypto because it does not depend on mining and uses high computational power, while Bitcoin uses mining to stay functional, making it not a sustainable crypto. Meanwhile, Dogecoin only takes a minute to bring finality, but Bitcoin takes around 10 minutes to bring finality, making it less user-friendly. Plus, Dogecoin is more affordable than Bitcoin.   3. Why is Elon Musk considered a major contributor to Dogecoin, and how does he influence its popularity and price? Elon Musk is considered a major contributor to Dogecoin because he is very influential and uses its social media platform X for tweets and strategic endorsements. His tweets instantly go viral and capture the attention of the users, resulting in an instant price hike. Musk has also integrated Dogecoin as a payment system in his business ventures, such as Tesla. 4. How are Dogecoin price movements influenced? Dogecoin prices are moved mostly influenced by the active community of DOGE on Reddit and X, market trends, crypto events, Elon Musk involvement, strategic partnerships,  regulatory updates, legal factors, and continuous advancement in the Dogecoin space.  5. What type of investment is best for Dogecoin? For Dogecoin, both long-term and short-term investments are best, and as an investor, you should choose the investment way based on risk tolerance, financial goals, chart reading ability, and market understanding. Additionally, it is important for you as an investor to do a deep research of the coin and market itself and make decisions based on the market fluctuations.  6. What are the key strategies to opt for short-term Dogecoin trading? If you are a short-term trader, then you need to be more careful compared to a long-term trader because a short-term trader needs to monitor the market very often, and on top of this, your knowledge of the market is also crucial. Knowing how to read the support and resistance levels, along with understanding how to use indicators such as the moving average, will be really beneficial for making a risk management strategy for short-term investment in DOGE. 7. How is Dogecoin impacted by the regulations of different countries? There are many countries that have different regulatory standards, such as nations like China, Turkey, and Bangladesh, which have banned many cryptos, including DOGE. There are also some countries like Russia that have allowed crypto trading but have restricted the uses of crypto as a payment medium. Other than these countries, the US and the UK have fully accepted cryptos, but they have strict regulatory standards and legal barriers. Overall, regulatory standards play a huge role in Dogecoin.    8. Which wallet is best for DOGE? Custodial and non-custodial wallets are the two types of wallets that can be used for holding your DOGE. Both of these wallets have their own perks and disadvantages, such as a custodial wallet, which is managed by a third-party service, and these third parties hold your security key on the wallet&#8217;s behalf. These wallets are best for short-term investors. While non-custodial wallets are safer and more secure as they offer full control of the assets to the users. The passkey responsibility is to the users themselves; additionally, the wallet stores the data online, preventing online threat risks, so this makes it suitable for long-term investors.   9. What are Dogecoin features, and why is it a great investment opportunity?  Dogecoin offers many features that make it a user-friendly space for users, such as 1.5 minutes to finality, affordability, and speed, and it is adopted by top businesses like Tesla and Dallas Mavericks. The crypto gets endorsements from celebrities, leading it to surge, and it has also demonstrated strong market resilience, with historical price surges during key events and hype cycles. Additionally, the platform is used by several payment systems, displaying a promising long-term potential opportunity.   10. What are the pros and cons of investing in DOGE? Investing in Dogecoin has its own risks, but it also offers several investing opportunities to the investors. Its advantages include fast, secure, and low gas fee transactions. The space is backed by a robust community and influential figures. However, the Dogecoin price is highly influenced by social media and market trends. Regulatory uncertainty remains another risk, as changing policies could impact its adoption and market value. DOGE Price PredictionDOGE News

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