Cryptostreet

This week, the creators of Floki Inu - the meme coin named after Elon Musk's puppy - launched a major advertising campaign on public transport in London.  The slogan that is emblazoned on the red buses in the British capital?  Missed DOGE?  Buy Floki. You'd think that any cryptocurrency advertisement is a good thing.  Unfortunately, the growth of these animal coins is anything but that. They play with people's fear of missing out and their projects and suggestions have no substance . High risks and price losses The combined market cap of  Shiba Inu  and  Dogecoin  is nearly $ 80 billion.  That is about as much as the gross domestic product of countries like Panama or Luxembourg.  If both coins collapse, they would tear away many people's hopes, dreams, and hard-earned money. The problem is that Dogecoin, created on purpose for no purpose, has defied traditional investment logic and is up over 6,000% since the beginning of this year....

The Shiba Inu Coin has surprised investors with a series of new all-time highs in the past few days. But what actually happens around the meme coin in the crypto-verse? The Shiba Inu cryptocurrency, modeled on Dogecoin, hit a new all-time high of almost $ 0.00009 on October 28, 2021. Since then, the SHIB price has collapsed briefly and is now making its way in a slightly bullish upward movement - to the next all-time high ? Coinbase - the new Robinhood? While other cryptocurrency prices tend to weaken after the new all-time high of Bitcoin, the Shiba Inu Coin managed to increase its market capitalization to 40,338,525,412 US dollars and is now ranked 11th in terms of market capitalization . The Shiba Inu course surprised many SHIB investors, some of whom wanted to take their price gains with them. However, this was temporarily not possible on the Coinbase and Coinbase Pro crypto exchanges, as the platform went offline for a short time during the Shiba Inu Coin rally. The Shiba Inu trad...

More and more companies are protecting their assets against future problems by adapting their technologies to the blockchain - through  NFTs .  This also includes Alchemy Insights Inc. The San Francisco-based company recently secured a place in the crypto unicorns club after receiving $ 250 million in funding from Andreessen Horowitz.  Alchemy is now valued at approximately $ 3.5 billion, a seven-fold increase  since April . Alchemy is the link between smartphone apps and blockchain (a technology that  popularized  Bitcoin  ).  The Alchemy platform enables developers to create smartphone apps based on (common) blockchains.  An example of this is also the  Ethereum blockchain . Alchemy supports well-known companies Alchemy's infrastructure brought some well-known companies to life, including OpenSea (largest NFT marketplace), Axie Infinity (video game),  NBA Top Shot ,  and the makers of CryptoKitties, Dapper Labs. The highlight...