Author: Investor Place

Crypto mining stocks have struggled for the better part of a year. Now, “the miners offer a superior risk/reward to the underlying Bitcoin,” analyst Christopher Brendler argued in Barron’s this week. It’s a bold claim, and yet there’s a certain logic to it. While Bitcoin (like any crypto) can be a wild ride, “we see limited downside from here” for the miners because their operations tend to be profitable anywhere above BTC $10,000, says Brendler. So, even though BTC took a sharp tumble before stabilizing around $44,000 this week – we’re still well within the right zone for crypto miners. Bill Miller, the outspoken…

Dogecoin fans are barking up a storm today as the coin jumps more than 10% heading into the afternoon. There are several culprits behind today’s jump, including one big Dogecoin Super Bowl commercial rumor gaining traction on social media. So, will Dogecoin be making a Super Bowl appearance? Americans everywhere look forward to the Super Bowl. Even those who generally don’t follow sports tune in for what might be their only football-viewing experience. Part of the thrill undeniably stems from the commercials and halftime show, which tend to pull out all the stops. Today, Dogecoin commercial rumors have taken over…

Baby Doge Coin fans everywhere are surely barking with glee today. The official @bitgetglobal Twitter account announced today that the BABYDOGE crypto will be listed on the Bitget crypto exchange. New listings are always good news for fans of any crypto, although the reaction to the Bitget listing has been muted. After a modest jump earlier in the day on the news, the coin has steadied close to even. Currently, Baby Doge is actually down a bit more than 1% at the time of writing. Still, a Bitget listing is no small feat. Established in 2018, Bitget is one of…

Congress and cryptocurrencies haven’t historically been a match made in heaven. However, it seems that with talk of regulation swirling, some politicians are still keen on digital assets.  Unusual Whales, a blog that tracks unusual market activity, recently released a report on how Congress traded cryptos last year.  The results are worth examining. So what cryptos were popular in Congress last year? Bitcoin  was, unsurprisingly, the king of Capitol Hill in 2021. Republican lawmakers Cynthia Lummis and Michael Waltz each purchased roughly $100,000 worth of BTC in 2021. Interestingly, a number of Congress members indirectly invested in crypto, either by investing in…

One of the hot cryptocurrencies investors are watching today is PancakeSwap. Despite being down approximately 3% at the time of writing, CAKE crypto did surge earlier this morning on two occasions, before settling down. Questions as to where the PancakeSwap price will head from here remain, as the decentralized finance automated market maker continues to battle market-related headwinds. Despite these macro headwinds, some investors seem to believe PankcakeSwap could be a long-term winner. This decentralized exchange, providing liquidity pools for investors, has grown in interest in over the past year as a way to play the surge in capital in the crypto…

Despite a Coinbase listing this morning, SHPING has declined by more than 50% in the past 24 hours. With the Coinbase listing, SHPING should receive a liquidity boost, along with an increase in reputation. However, it seems the SHPING crypto is doing exactly opposite that. While there is no specific SHPING news that can be attributed to the decline, crypto markets as a whole are plunging today. Bitcoin has declined 12% in the past 24 hours, while Ethereum has shed 15%. SHPING operates as a loyalty program application that rewards users with SHPING crypto for “watching videos, writing product reviews, connecting with brands and scanning purchase receipts.” Users…

Dogecoin was recently pronounced by the Dogecoin Foundation as a modern-day “Denarius” coin — as in the Roman days. It was worth about a day’s wages but was used as a universal currency through the whole Roman empire. The Foundation wants Doge crypto to be just like this. The Foundation wants the DOGE crypto to be able to be used anywhere in the world. Dogecoin should be able to be spent to buy anything, just like the Denarius in Roman times. Here is an additional interesting point that the Foundation made: “A Denarius had no smart contracts, no scriptability, no DAPPs, and…

Floki Inu is now attempting to portray itself as an improved, more trustworthy project. I always remain skeptical of projects with as dubious origins as Floki Inu has. There simply isn’t a ton of transparency inherent to these projects. That said, make your own judgments. The point here is that the current development team behind Floki Inu is setting itself apart from the previous team. The current team is marketing its efforts as genuine. That’s a great place to start in discussing Floki Inu. FallDamage FallDamage is a key member of the current Floki Inu development team. In a recent interview he pointed…

My message today is going to be supportive of investing in Dogecoin. But I will do my best to convince the skeptics out there that it’s no joke. Investors should not let the “silly” flair stop them from profiting. My opinion of an asset doesn’t usually stop me from pursuing winning investment ideas. Any discussion of DOGE-USD must also include Bitcoin. BTC-USD is the chief coin in charge and it speaks for the whole cohort. Bitcoin doesn’t do much and it’s worth $40k. Therefore, that puts DOGE in good company since it is a novelty coin. Famous art pieces just sit there,…

As cryptocurrency investing becomes more commonplace, coin and token research is of key importance. All too often, investors get in over their heads with startups, often being courted by promises of big gains or futuristic technology. Some of these projects are true to their word, but there are many projects that will fail out. Even worse, there are many projects that take advantage of investors. Today serves as a reminder of that unfortunate reality, as investors digest a crypto scam alert from a reputable auditing service. CertiK is a crypto auditing project that has earned familiarity with many crypto investors. The…