October 2022

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Elon Musk’s Twitter Deal Brings Dogecoin Back From The Dead, What’s Next?

Dogecoin was struggling in the market right up until the Twitter deal was finalized. However, once the Elon Musk takeover was announced, the meme coin rallied enormously and was up more than 100% in just a matter of days. This has no doubt given renewed momentum to the digital asset which was previously down more than 85% from its all-time high.

Dogecoin Reclaims 8th Position

Dogecoin had fallen to the 10th position on the list of largest cryptocurrencies by market cap after spending a good portion of the bull market in higher positions. Nonetheless, the meme coin had mostly held this spot save for a few times when it had been dethroned. This is until Friday after Musk had officially taken ownership of the social media platform Twitter.

The rally that followed for Dogecoin was one for the books, taking the digital asset from around $0.07 to peak at $0.15. This saw the market cap of Dogecoin more than double, pushing it higher on the list. At the time of this writing, DOGE had been able to claim the 8th spot on the list.

Naturally, there has been a downward correction following this but the meme coin still remains the 8th largest cryptocurrency by market cap. And given the recent decline in the general market, DOGE has been able to hold its value much better than others.

DOGE holds weekend gains | Source: DOGEUSD on TradingView.com

Waiting On Elon Musk

Now that the Twitter deal is finalized, the Dogecoin community is waiting on Elon Musk to present any plans to integrate Dogecoin into the social media platform. Musk has always been vocal in his support for the meme coin and how it would be a great addition to the supported cryptocurrencies on Twitter. However, Musk is yet to say anything about Dogecoin in connection with Twitter.

This has not stopped the widespread bullishness among DOGE supporters though. Matt Wallace is another vocal supporter of the meme coin that has been continuously tweeting about DOGE and his most recent tweet calls for DOGE support on Twitter Blue.

Dogecoin’s Fear & Greed Index also shows this bullishness as it is currently sitting at a score of 60. This market sentiment analysis shows that investors are more willing to put money into DOGE now, hence its ability to continuously hold up its value.

Dogecoin Fear and Greed Index is 60 — Greed pic.twitter.com/IZ6t5H8IaU

— Doge Fear and Greed Index (@DogecoinFear) October 31, 2022

Meme coins in general are responding quite well to the news. DOGE’s trading volume had grown 300% month-over-month and others such as Shiba Inu had seen similar growth. 

Dogecoin is currently trading at $0.122 at the time of this writing. It is down 9% in the last 24 hours but remains in the green on a 7-day moving average of 97%.

Featured image from Bloomberg, chart from TradingView.com

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A Marginal Decline In Dogecoin Price

Like other cryptocurrencies, Dogecoin declined in value in the past year. Since the beginning of 2022, it has lost more than 60% of its value. And also, since its all-time high in May 2021, it has lost more than 90 %.

Dogecoin’s Decline

It continues to rank among the top cryptocurrencies. Furthermore, Elon Musk’s takeover of Twitter has generated more interest in Dogecoin. Dogecoin has been a standout digital asset in the past week. But After recording slight losses, the token’s capacity to maintain the rise is now in focus.

Also, among the 100 top cryptocurrencies by CoinMarketCap, DOGE is ranked the greatest daily loser following the current correction.

When the price enters an empty Volume Profile, it quickly behaves as one would expect. Price action moves from one high node to another like a vacuum. Thus, there might be a flash crash everywhere.

DOGE suggests a more significant mean reversion. Its pricing has wide discrepancies.

Doge’s Correction’s Triggering Events

It is possible to claim that investors are likely removing profits from DOGE. Also, the price correction of DOGE is linked to the broader crypto market movement. The most recent decline comes after a week of over 100% weekly gains for DOGE.

Following the Twitter agreement disclosure, investors rekindle their interest in DOGE. The coin needed to perform better before the deal’s announcement. Like all coins, it’s negatively impacted by the current crypto crisis.

some investors might think that since Musk’s Twitter agreement, there isn’t any other catalyst that could increase the price.

Musk’s Effects On DOGE.

Musk has praised cryptocurrencies as a legitimate form of payment. Dogecoin’s price increased by 14% to about 20 cents in January. This was after Musk announced that Tesla would start taking it as a form of payment for purchases.

Musk is a fervent promoter of the coin; hence forecasts that DOGE may find apps on Twitter. Also, Musk’s firm Tesla has started accepting Dogecoin for payment when making purchases.

There is speculation that DOGE may be used on social media as a tipping system. Already, the two tipping currencies on Twitter are Bitcoin and Ethereum.

They presume that the asset’s limited use cases could be the critical deterrent. This is a factor when considering whether the recent rally would be sustainable. DOGE is also not regarded as a robust store of value. The asset’s rally is currently only speculative due to these restrictions.

The post A Marginal Decline In Dogecoin Price appeared first on Coinrevolution.

Crypto Reacts: Celebrates Bitcoin Whitepaper Turning 14 Years Old

The Bitcoin Whitepaper, the document that presented the first cryptocurrency to the world, is turning 14 years old today. Investors, community members, developers, and others celebrate this event across social media platforms. 

The project that began as an experiment, as an alternative to the fiat monetary system, is still in its teenage years. However, its economic, social, political, and cultural impact is massive. The document’s introduction says: 

(…) an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.

From zero to over $1 trillion in market capitalization in a decade, Bitcoin has often been called a scam, a miracle, a bubble. Conversely, mainstream media outlets have pronounced it dead many times, but the network carries on inserting new blocks into the blockchain. 

Published by Satoshi Nakamoto, the anonymous inventor of Bitcoin and the author behind the Bitcoin Whitepaper, proposed a solution for people to transact over the internet with a native currency. Nakamoto was the first to solve the Byzantine General’s Problem, forever changing the world. 

Running bitcoin

— halfin (@halfin) January 11, 2009 

The Bitcoin Whitepaper A Work Of Art? 

The document opened the door for internet users to send and receive money worldwide on an open, decentralized, censorship resistance, and permissionless network. The implications of this technology continued to ripple across the nascent crypto industry and other sectors of the world. 

In 14 years, Bitcoin’s impact has spurred an industry that crossed the $3 trillion market cap and unleashed a demand for new mediums of exchange, new ways to interact with money, and open solutions accessible to everyone. The Bitcoin Whitepaper showed that there was an alternative; it sent a message across the internet: central banks are expendable.  

BTC’s price moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview

In emergent nations, countries in Latin America and Africa, Bitcoin has provided users with a safe haven. They can break free from their national financial institutions, access an immutable asset to protect their wealth, and often circumvent financial limitations. This change began with the Bitcoin Whitepaper. 

Since 2020, Bitcoin has been acknowledged as a macro asset with the potential to replace gold as the new store of value of the internet. The cryptocurrency is part of the financial strategy for major companies, and it was made legal tender for the first time. 

2022 predictions on #Bitcoin:

•Will reach $100k
•2 more countries will adopt it as legal tender
•Will become a major electoral issue in US elections this year
•Bitcoin City will commence construction
•Volcano bonds will be oversubscribed
•Huge surprise at @TheBitcoinConf

— Nayib Bukele (@nayibbukele) January 2, 2022 

Defending The Bitcoin Whitepaper

The crypto community rallied behind the Bitcoin Whitepaper once again in 2021. At that time, Craig Wright, an individual claiming that he is Satoshi Nakamoto, forced several websites to take down the document. Wright claims to hold copyright ownership over the paper. 

Individuals, companies, and nations responded by hosting the Bitcoin whitepaper on their websites, proving that the ideals behind Bitcoin remain strong. In addition, the Square-led Cryptocurrency Open Patent Alliance (COPA) filed a lawsuit against Craig Wright. 

Jack Dorsey, a founder of Twitter, and Square, and a Bitcoin supporter, shared the Bitcoin Whitepaper link. Today, while the crypto community celebrates, one of his interviews about the document resurfaced. Therein, Dorsey calls the whitepaper a work of poetry. 

“The #bitcoin whitepaper is poetry. #Bitcoin is moving the world forward in a noble and honorable way that enables everyone to be part of the story”


— Documenting Bitcoin (@DocumentingBTC) October 31, 2022 

Disclaimer: The following op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike.

Nigeria’s Central Bank Doubles Down on Plans to Introduce Newly Designed Naira Banknotes

The Nigerian central bank was, on Oct. 29, forced to defend its controversial currency redesign plans, just a few days after they were publicly questioned by Nigerian Finance Minister Zainab Ahmad. The central bank insists the move is long overdue and urged Nigerians “to support the currency redesign project which is in the overall interest of every citizen of the country.”

President Muhammadu Buhari’s Written Approval

The Central Bank of Nigeria (CBN) has insisted its recently announced plan to issue newly designed naira banknotes is above board and “12 years overdue.” In an apparent rebuke of Nigerian Finance Minister Zainab Ahmad, who has publicly questioned the plan, the central bank said it had “obtained the approval of President Muhammadu Buhari in writing to redesign.”

Addressing lawmakers a day after the CBN’s surprise announcement, Ahmad reportedly said she had not been consulted and therefore could not comment “on it as regards merits or otherwise.” As recently reported by Bitcoin.com News, the CBN’s plan to introduce newly designed naira banknotes is thought to have sparked the local currency’s parallel market exchange rate plunge, where it tapped a new all-time low versus the dollar of N781:$1.

Opponents of the CBN’s controversial plan insist that going ahead with the move could see the naira-to-dollar exchange rate fall to as low as 1000 naira per dollar by the end of January 31, 2023. However, in a defiant statement issued on Oct. 29, 2022, the CBN asked Nigerians to support the currency redesign policy.

“The CBN urges Nigerians to support the currency redesign project which is in the overall interest of every citizen of the country. The hoarding of significant sums of banknotes outside the vaults of commercial banks should be discouraged by anyone who means well for the country,” the central bank said.

Currency Redesign a Global Standard

The CBN added that it had “tarried for too long considering that it had to wait 20 years to carry out a redesign.” The statement also repeats the bank’s earlier claims that the circulation of the redesigned naira is a standard practice globally that must be carried out every five to eight years.

The planned injection of new 100, 200, 500, and 1,000-naira banknotes into circulation is set to commence on December 15. Nigerians are expected to return the old notes by the end of January 2023. While critics of the currency redesign plan have called on the CBN to extend the deadline or drop the plan altogether, the latest local reports quote President Buhari expressing his support for the move.

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Six Creepy NFT Projects to Collect This Halloween

There’s no shortage of creepy, strange, or eerie projects in the NFT space. And since it’s Halloween season, there’s been an uptick in activity surrounding spooky NFTs. From zombies and goblins to skulls and mutants, there’s something for everyone, no matter your taste.

Let’s celebrate the macabre-themed NFT projects doing the most for this spooky season with a list of collections and communities to join just in time for Halloween.


Deadfellaz is a zombie-themed PFP project created by crypto artist PsychStreetFight and his wife, Betty. The collection of 10,000 NFTs — which launched toward the beginning of August 2021 and has a current floor price of 0.87 ETH — depicts a horde of fashionable undead avatars with varying traits.

Every Halloween, Deadfellaz “infects” the work of other artists, resulting in a unique collection of collaborative pieces. In 2021, chosen artists and communities included Ghxsts Cool Cats, and Stephy Fung. This year, ThankYouX, Claire Silver, and Emonee LaRussa are among the chosen collaborators. Each artist creates a Deadfellaz-inspired piece in their own style — and in return, Psych created a Deadfellaz NFT inspired by the artist themselves.


Spookies is a ghost-themed NFT project that passed over to the OpenSea realm in July. At 8,888 strong, these adorable spirits have been haunting their way through the Ethereum blockchain.

With the current collection floor sitting around 0.012 ETH, Spookies may be one of the most affordable Halloween-ready collections. But there’s more. The Spookies team has continued to roll out fun incentives for collectors, recently announcing a community Halloween party and Halloween-themed airdrops for its existing holders.


CryptoSkulls is a collection of — you guessed it — PFP NFT skulls. With a total of 10,000 in their ranks, these skulls aren’t only aesthetically pleasing, but each provides utility as a playable token in the forthcoming Gold of Skulls game.

CryptoSkulls, which initially launched in 2019 and has a current floor price of 0.443 ETH, found new life in 2021 amid the NFT boom. Although the project is spooky year-round, for Halloween, the CryptoSkulls team is auctioning off a 1:1 Halloween piece created by the collection’s original artist, with proceeds going to charity.

Wicked Craniums

Where there are skulls, there are also skeletons! Wicked Craniums is a collection of 10,762 skeleton-themed NFTs that “live” on the Ethereum blockchain.

As the project lore goes, Wicked Craniums — which has a floor price of 0.07 ETH — belong to the island of Osseous and embody values of adventure, mischief, boldness, and camaraderie. With more than 180 characteristics, there’s a wide enough variety of Craniums to fit any NFT enthusiast. For 2022, Wicked Craniums hosted a Halloween party for its holders, culminating in a performance by emo statesmen Hawthorne Heights.

Mutant Ape Yacht Club


Although Mutant Apes isn’t rolling out any festive activations ahead of Halloween (and may be beyond the reach of many at a floor price of 12.9 ETH) the project might be the most naturally spooky on this list. At 19,426 Apes strong, this offshoot collection from the Bored Ape Yacht Club is creepy enough to rep for Halloween.

Released as an extension of BAYC, Mutant Apes are a collection of mutants derived directly from the Bored Ape catalog. Originally either minted by BAYC owners or purchased in public sale, these Mutants make for a great Halloween PFP.


DeadHeads, which launched at the end of June 2021, received fanfare for its goal to be the first “multimedia brand that gives verifiable ownership of its IP to its fan base via NFTs.” The collection consists of 10,000 spooky yet adorable 3D figures, and its sales volume has started to pick up in anticipation of the holiday. The current floor price? 0.054 ETH.

As the project lore goes, DeadHeads are lost in the NFT underworld, where “unwanted digital collectibles are burned alive.” While the full story is still unfolding via the DeadHeads animated series, the project developers have continued to unveil roadmap activations including burn mechanisms and their new Skull Troopers collection.

The post Six Creepy NFT Projects to Collect This Halloween appeared first on nft now.