MVIS CryptoCompare DeFi 20 Index, Which Includes $LINK and $UNI, Up 391% in 2021

MV Index Solutions (MVIS), a subsidiary of global investment manager VanEck, in partnership with CryptoCompare, a leading provider of digital asset data, launched the MVIS CryptoCompare DeFi 20 Index (Bloomberg ticker: MVDEFI) on Monday (April 19).

The MVIS CryptoCompare DeFi 20 Index is a modified market cap-weighted index which tracks the performance of the 20 largest and most liquid decentralized finance (“DeFi”) protocols. The index applies most demanding size and liquidity screenings to potential index components to ensure investability. The digital assets classified by CryptoCompare as DeFi as of the announcement date qualify for inclusion.

Thomas Kettner, the Chief Operating Officer of MVIS, had this to say:

Our new DeFi index covers one of the most interesting and fastest growing trends in digital assets. Investors now have an instrument to benchmark a sector which is often referred to as the future of finance.

And Charles Hayter, Co-Founder and Chief Executive Officer of CryptoCompare, commented:

With the surge in popularity of DeFi projects and growing appetite from institutional investors, the MVIS CryptoCompare DeFi 20 Index makes this new asset class more accessible and offers investors an entry point to gain exposure to the top DeFi protocols.

Here are the key features of the MVIS CryptoCompare DeFi 20 Index:

  • Size and liquidity Requirements: Top 20 Decentralized Finance protocols by size and liquidity. The monthly average-daily-trading volume must be at least $1 million at review. 
  • Diversification: Component weightings are capped at 15%.
  • Review frequency: Monthly

These are some of the main index parameters of the MVIS CryptoCompare DeFi 20 Index:

  • Launch date: 19 April 2021
  • Frequency of market cap updates: daily
  • Calculator: CryptoCompare
  • Currency: USD
  • Current number of components: 20
  • Base date: 30 June 2020
  • Base value: 100
  • Next review date: 30 April 2021

The current components of the MVIS CryptoCompare DeFi 20 Index are as follows:

So, how well has the DeFi sector, as measure by this index, performed?

Here are some some return-on-investment (ROI) figures (vs USD):

  • Since inception date (30 June 2020): +914.82%
  • Year to date (i.e. since 1 January 2021): +391.36%
  • Past six-month period (i.e. since 22 October 2020): +637.88%

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The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Coin Bureau: Ethereum ($ETH) Price Could Be ‘Above $4,000 by the End of July’

In a recent video, pseudo-anonymous crypto analyst and influencer “Coin Bureau” (“@coinbureau” on Twitter) explained why Ethereum ($ETH) is “so valuable.”

According to a report by The Daily HODL, he said:

Ethereum really is so exciting. I view it in the same way that those internet pioneers viewed TCP/IP back in the 1990s. However, this time around, we have an opportunity to invest in a protocol that has that much potential…  Ethereum is well-positioned to capture the value that’s being built on top of it. And as the fuel that powers the network, ETH is becoming an incredibly rare asset. The more the ecosystem grows, the more demand there is for ETH to power dApps (decentralized apps) and facilitate transactions…

If the Ethereum developers are able to effectively push EIP 1559 in the London upgrade, then we could easily see ETH above $4,000 by the end of July.

Data by TradingView indicates that Ethereum is currently (as of 18:40 UTC on April 21) trading around $2,406.97, which means that it is up 5.26% (vs USD) in the past 24-hour period. As for the year-to-date period, ETH-USD is up 226.36%.

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The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Ripple (XRP) Price Surge in April Pushed Daily Trading Volume at Crypto Exchange Bitrue Up 400%

As the entire cryptocurrency market soared higher in recent weeks to allow Bitcoin (BTC) to hit fresh record highs, cryptocurrency businesses are also reaping benefits from the high interest in trading digital assets recently.

The California-based cryptocurrency exchange Bitrue is one of the platforms that has enjoyed strong growth in recent months amid the surge in demand for digital assets trading services. The company announced that the number of registered users on its trading platform exceeded the 4 million mark.

Bitrue, which is especially attracting investors interested in trading Ripple’s native token XRP, says the daily trading volume is up 400% recently amid a surge in demand for crypto trading. 

“Every single week we are breaking our own records for trading activity, new user signups, and most other metrics that we track,” head of marketing at Bitrue, Adam O’Neill, comments on the recent rise in popularity of Bitrue among crypto traders.

XRP price exploded in April to gain nearly 300% and print a 39-month high near the $2 handle. Just a few weeks ago, XRP/USD price was trading below the $0.50 handle. However, a surge in demand for Bitcoin, Ethereum, and other digital assets, has also helped Ripple to break higher and perform a huge short squeeze.

“We’ve seen a phenomenal 400% increase in trading volume, which to us is a strong sign that 2021 is going to be the year that cryptocurrencies truly go mainstream,” O’Neill adds.

Unlike some other major cryptocurrency exchanges, Bitrue decided against removing XRP from its pool of digital assets available for trading. This decision has paid off big time as the company now reports a 130% surge in the number of monthly active traders.

“The reasons for this boom are numerous – companies and celebrities are increasingly endorsing crypto, coins are reaching all time highs, and trust in the old financial institutions is reaching record lows,” O’Neill, says, before adding that Coinbase listing has also provided a strong boost to the entire cryptocurrency ecosystem. 

The biggest US-based cryptocurrency exchange went public through a direct listing last Wednesday in a blockbuster market debut. A day earlier, the Nasdaq stock exchange set a reference price of $250 on Coinbase, but that didn’t stop shares of the company to open over 50% higher at $381.00.

“All exchanges were watching the Coinbase listing very closely, as the success of any single exchange is tightly linked to the success of others. Right now it’s a group effort from all of us to popularize the entire industry. We’re very pleased with Coinbase’s success and fully believe that it will help legitimize cryptocurrencies in the eyes of the public, leading to more retail traders joining crypto platforms.”

It’s no surprise that Bitrue’s officials are pleased with the recent developments in the crypto space as the platform welcomed more than 1 million new registered users in the last 6 months. The total value of the digital assets on the exchange now stands at about $2 billion.

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7 Sub-Billion Dollar Market Cap Altcoins With Backing From Coinbase Ventures

This article takes a closer look at those crypto projects that Coinbase Ventures has invested in and yet their tokens still have a market cap of less than one billion dollars.

Here are these seven cryptoassets in the order of increasing market cap:

Mina Protocol ($IOU)

The team behind Mina Protocol says that it is “a layer one protocol designed to deliver on the original promise of blockchain — true decentralization, scale and security.” Mina tries to achieve this “true decentralization” by “replacing the blockchain with an easily verifiable, consistent-sized cryptographic proof.”

Here are some more details:

Mina dramatically reduces the amount of data each user needs to download. Instead of verifying the entire chain from the beginning of time, participants fully verify the network and transactions using recursive zero knowledge proofs (or zk-SNARKs). Nodes can then store the small proof, as opposed to the entire chain. And because it’s a consistent size, Mina stays accessible — even as it scales to many users and accumulates years of transaction data.

Rarible ($RARI)

$RARI is the governance token of non-fungible token (NFT) marketplace Rarible. It allows “the most active creators and collectors on Rarible to vote for any platform upgrades and participate in curation and moderation.” It is worth noting that “over half of RARI’s total supply is reserved for sellers and buyers on Rarible marketplace, who will receive RARI through weekly distribution according to weekly purchases and sales volumes.”

Rally ($RLY)

Rally is “an open network that enables creators to launch vibrant and independent economies with their communities powered by the ethereum blockchain.” It provides “anyone with an online community the ability to launch their own coin without the complexity of coding on the ethereum blockchain.” It is “a decentralized platform completely governed by the community,” which means that “creators and their communities have unfettered control to use their social tokens across all social platforms.”

Audius ($AUDIO)

Audius is “a brand-new streaming built for al musicians, not just those signed to labels.” $AUDIO “enables network security, exclusive feature access, and community-owned governance.” The Audius protocol “gives everyone the freedom to share, monetize, and listen to any audio.” The $AUDIO allows users to obtain a say in the future of Audius via “active contributions to the network.”

Keep Network ($KEEP)

Here is what Kraken has to say about Keep Network and its $KEEP token:

The Keep Network is a software aiming to incentivize a global network of computers to store private information that can be deployed on public blockchains via smart contracts… Many decentralized applications (dapps) running on public blockchains, like Ethereum, require the use of private data (such as health records, credit scores and financial information) to operate. 

To protect individual user’s privacy, the Keep Network enables private data to be stored outside the blockchain in “keeps”, which are containers that allow smart contracts to manage and use pieces of the stored data without exposing it to the public blockchain. In order to operate a keep, nodes must stake KEEP tokens, Keep Network’s native cryptocurrency, to be selected by the Keep Network. These nodes are awarded KEEP for successfully maintaining keeps.”  

Kraken also mentions that “the first application built on the Keep Network is tBTC, which serves as a bridge between Bitcoin and Ethereum.”

DODO ($DODO)

DODO is “a liquidity protocol powered by the Proactive Market Maker (PMM) algorithm and built for capital efficiency.” It “offers a low barrier-to-entry, pain-free token issuance mechanic for long tail assets” and it has a “contract-fillable liquidity” that is “comparable to centralized exchanges (CEXs).”

Arweave ($AR)

Arweave is “a new type of storage that backs data with sustainable and perpetual endowments, allowing users and developers to truly store data forever – for the very first time.”

Arweave has the concept of Proof of Access (PoA):

The core technology that powers the Arweave is the blockweave. Just as a blockchain is a linked collection of blocks containing transactions, a blockweave — specifically designed for the Arweave protocol — is a set of blocks that contain data, linking to multiple previous blocks from the network. This data structure allows the network to an enforce that miners provide a ‘Proof of Access’ (PoA) to old data in order to add new blocks.

Unlike in a traditional blockchain, where miners are forced to expend electricity in order to earn tokens, in the Arweave network miners are also encouraged to replicate valuable data (the information stored in the network) in order to gain tokens. This mechanism offsets the value that is normally wasted in blockchain networks, with useful, energy efficient storage of data.

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The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Parallax Digital CEO Tells ‘Rich Dad’ Author Bitcoin Could Be Over $12.5M by 2031

The latest episode of The Rich Dad Radio Show With Robert Kiyosaki, which was released earlier today, featured an interview with Robert Breedlove, Founder and CEO of Parallax Digital, who explained why he believes Bitcoin will be worth over $125 million by 2031.

Kiyosaki is the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, shared his latest thought on silver, gold, and Bitcoin.

Rich Dad Poor Dad, which is one of the top 10 personal finance books of all time, “advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one’s financial intelligence (financial IQ) to improve one’s business and financial aptitude.”

At various times during the current COVID-19 pandemic, Kiyosaki has been criticizing the Federal Reserve’s response to the resulting economic fallout and strongly urging his large following on social media platforms to protect themselves from what he feels is inevitable high inflation (and possibly hyperinflation) in the future by using their fiat holdings to buy silver, gold, and Bitcoin.

Breedlove made this bold prediction during his chat with Kiyosaki:

Going into 2031… I would expect the U.S. money supply to expand from $20 trillion today to about $500 trillion in the next 10 years. I expect global M2 expand roughly 12X from around $100 trillion to about $1,250 trillion — $1.25 quadrillion –and the difference there is a lot of the weaker international currencies will have collapsed into the dollar.

So, the dollar will actually have grown in purchasing power overall, and I think by this time, so going into 2031, let’s say, Bitcoin will have continued its growth trajectory. It will have played out another one of these price cycles, possibly its price cycle will have broken and it’s just gone into a long slow grind upwards as people realize it’s a game of accumulation.

I think bitcoin by this time will have reached about 20% of global purchasing power. So, this would imply Bitcoin’s market cap in 2031 dollars to be about $250 trillion. So, that’s about 1/5 of global M2 stored in Bitcoin. Now, accounting for inflation, that means Bitcoin’s market cap in today’s dollars would be about £20 trillion. So, in 2031 dollars, this is a very bright line to distinguish.

I think Bitcoin, by the year 2031, will be north of $12.5 million per bitcoin, but adjusting for inflation, it will only feel like north of $1 million per bitcoin in 2021 dollars because a dollar will have lost so much of its value by then.

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

The First Token Burn in BTC-Alpha’s History Went Successfully

A historic event took place on BTC-Alpha, a European-based cryptocurrency exchange. The first token burn of the exchange’s native tokens, ALP Coins, went successfully. They burnt 1,000,000 tokens according to the trading volumes of ALP throughout the entire existence of the exchange, and also all the ALPs paid for its products and services.

Vitalii Bodnar, the CEO of BTC-Alpha, promised this burn will become the beginning of a big update where the economy of the ALP token will be reevaluated completely.

As the token burn took place, ALP cost around $0.26. At the moment of writing the press release, it broke through up to $1.34. Overall it has shown a 417.7% growth since April, 16th, as CoinGecko informs.
Vitalii Bodnar shared the results of BTC-Alpha’s first token burn on LinkedIn. He expressed gratitude to all the users of the exchange for supporting ALP Coin and their credit to BTC-Alpha. “For already 5 years we are here for you with the best quality of our service, never letting you down”, said he. “This token burn is our first step to a new stage of our development”.

Legendary Investor on Bitcoin: ‘Volatility Is the Price You Pay for Performance’

On Tuesday (April 20), legendary American value investor William H. Miller III shared his latest thoughts on Bitcoin.

Miller is the Founder, Chairman, and Chief Investment Officer of investment firm Miller Value Partners, as well as the portfolio manager of firm’s mutual funds “Opportunity Equity” and “Income Strategy”.

Before starting Miller Value Partners, Bill Miller and Ernie Kiehne founded Legg Mason Capital Management, and they worked as portfolio managers of the Legg Mason Capital Management Value Trust from its inception in 1982.

It is important to point out that Miller is not your average fund manager. As CNBC noted back in June 2018, Miller’s 15-year streak (through 2005) of beating the is S&P 500 is still a benchmark no active manager can touch.”

In his “4Q 2020 Market Letter” (published on January 5), Miller had this to say about Bitcoin:

The Fed is pursuing a policy whose objective is to have investments in cash lose money in real terms for the foreseeable future. Companies such as Square, MassMutual, and MicroStrategy have moved cash into bitcoin rather than have guaranteed losses on cash held on their balance sheet. Paypal and Square alone are estimated to be buying on behalf of their customers all of the 900 new bitcoins mined each day.

Bitcoin at this stage is best thought of as digital gold yet has many advantages over the yellow metal. If inflation picks up, or even if it doesn’t, and more companies decide to diversify some small portion of their cash balances into bitcoin instead of cash, then the current relative trickle into bitcoin would become a torrent. Warren Buffett famously called bitcoin ‘rat poison’. He may well be right. Bitcoin could be rat poison, and the rat could be cash.

Well, yesterday, during an interview with Kelly Evans, the host of CNBC’s The Exchange, Miller was asked how much more upside there is for Bitcoin.

He answered:

There are many many different ways to look at Bitcoin. The simplest one is just supply and demand … Supply’s growing 2% a year and demand is growing faster. That’s all you really need to know, and that means it’s going higher. So… it’s gonna have these kinds of volatile days. It was down 20% peak-to-trough over the weekend…

With Bitcoin, volatility is the price you pay for performance, and I think that it’s like digital gold… it is a much better version as a store value than gold… And then there’s $15 trillion of negative yielding bonds out there… Why would you have that when you can own something that at least has has the potential to go up?

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The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Crypto Analyst Lark Davis Names His 5 Favorite ‘Cheap’ Altcoins on Binance

In a recent video for his very popular YouTube channel, popular New Zealand-based crypto influencer Lark Davis (@TheCryptoLark on Twitter) talked about five of his favorite “cheap” coins on Binance that have “big potential.”

These five altcoins are Polygon ($MATIC), Injective Protocol ($INJ), Marlin ($POND), Kava ($KAVA), and OpenOcean ($OOE). Below, we highlight some of the comments Davis made about each of these.

Polygon ($MATIC)

In spite of the high market cap, I currently believe this is a coin with some serious potential that the wider market really seems to not understand at this time… Polygon, right now, is the #1 Ethereum Layer 2 scaling solution, which considering Ethereum’s high fees right now, that’s a pretty big deal.

Injective Protocol ($INJ)

This is a decentralized exchange and derivatives platform based on Cosmos… this is a beast… It’s using layer 2 technology, meaning that they’re able to offer literally zero gas fee trades… currently still in testnet phase… when the mainnet launches, I expect this coin will see some price appreciation…

Marlin ($POND)

… a high performance Layer 0 blockchain network with a focus on delivering high quality infrastructure for DeFi… Now what Marlin does is basically allow any blockchain network to improve their performance… think of it like a high octane gas that they can use to make things go better.

Kava ($KAVA)

This is a very underrated, but a very powerful DeFi protocol… Kava allows you to lend, borrow, earn, and exchange via its platform, all done with cheap fees and high speeds thanks to being built on the Cosmos SDK.

OpenOcean ($OOE)

Still in its token sale phase, with the sale scheduled later this month… Binance is a lead investor in OpenOcean and Binance almost always lists the coins that they are invested in.

Featured Image Credit: Photo via Pixabay.com

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a high risk of financial loss.

Cardano ($ADA) Founder Charles Hoskinson on Upcoming Crypto Regulations

On Monday (April 19), Charles Hoskinson, Co-Founder and CEO of IOHK, the company responsible for building Cardano, explained why he believes that the Biden-Harris administration could introduce cryptocurrency-related legislation in the coming months.

Hoskinson made these comments during a video he released on his popular YouTube channel yesterday.

Hoskinson started by mentioning that according to a breaking report by Fox Business the Biden administration is “in the early stages of developing a regulatory approach to the booming crypto biz.”

Charles Gasparino, who is a Senior Correspondent for Fox Business Network, presented his report yesterday to Liz Claman, the host of the Fox Business program The Claman Countdown. Before we highlight some of Gasparino’s remarks, it is worth pointing out that two days earlier (i.e. April 17), Gary Gensler was sworn in to be the new Chairman of the U.S. Securities and Exchange Commission (SEC).

Anyway, here is what Gasparino told Claman:

Over the weekend, as you know, prices of Bitcoin started to tank dramatically… and it’s more on this notion of a crackdown from the Biden administration….

The Biden administration is in what’s been described to me from people close to them as the early stages of developing a regulatory approach to the crypto market… it’s being debated inside the Biden administration. From what I understand, SEC Chair Gensler… is waiting for some direction from Treasury for the overall policy before he develops a more specific regulatory approach to crypto, which will likely be the types of enforcement actions he goes after…

I do think crypto is here to stay. I don’t think — based on the people I’m talking to — they’re going to outlaw it… I just don’t think that’s going to happen here… too many American investors are this space right now. There will probably be more regulation.

Here’s something interesting that going on at the same time. The SEC is debating whether to essentially approve a Bitcoin ETF. Theres a huge debate at the commission level between Republican Commissioners and the Democrats about this issue… I’m giving you the scuttlebutt of what really smart people — securities lawyers who deal with the commission, Wall Street executives who have to deal with the Treasury on this issue — are talking about.

As for Hoskinson, here is why he believes that in the U.S. new crypto regulations are coming this year:

There’s no reality that a government as regulation-friendly as the United States government will allow an industry with a market capitalization of over a trillion dollars to be unregulated or to live in this weird gray area of enforcement.

The only reason why we haven’t already seen comprehensive regulation in the cryptocurrency space is because of the political glasses of the last five years, six years, of Washington. Nothing is getting done, and people have been fighting about everything from healthcare to immigration, and there hasn’t been party unity.

If we had a different Republican president 2016, there would have already been regulation… If it was Jeb Bush or someone else, regulations would have been passed in the first two years while the Republicans maintained control of the House and Senate… Biden… knows how to pass legislation…

Now, what is causing the urgency here? The NFT revolution, the rise and soon the fall of Dogecoin… these types of things and the DeFi push that’s occurred [are] creating a perception of Ponzi-like trading behavior, where a copy of a copy of a copy can have a five billion dollar valuation for people overnight, or becoming fabulously wealthy, and the only way they can realize that value [is] for many retail investors [to] come in and purchase their tokens with the hope that the next group of people coming in will purchase their tokens for even greater price.

That’s where our industry’s at in many cases for many products, especially when we talk about products that are obvious copies of other products having high valuations. This is not normal for markets. There’s an enormous amount of just craziness. DOGE, in particular — 94% of the supply is controlled by the top one percent. Every minute, over $4,000 worth of DOGE is just printed out of thin air, with $2.2 billion per year, permanently. It’s persistent linear inflation — 10,000 tokens are produced every night.

There’s no use in utility, there’s no real development team, there’s no vision mission, there’s no goal to go and do something over a five or ten year period. There’s not this notion that people are buying a philosophy and they hope that philosophy will be realized. It’s really just we’re gonna push it to a dollar so we can all get rich.

Well, tell me, who’s in a better position to sell? The retail investor who’s doing it on a cell phone app or the insider who’s well-connected to the markets who has a large position and can trickle sell it as it hits certain major market milestones? Whenever you see market patterns like that, what happens is the regulator gets involved because they feel they have a moral responsibility to get involved. If you doubt me, look what they did with GameStop…

Hoskinson concluded his remarks on this topic by saying that he believes that there will be “a big discussion” and hopes that that “the industry as a whole” will “rally and get involved” and find “a way to get out of it.” He also feels that any crypto regulations in the U.S. will not “ultimately kill cryptocurrencies” and that they are “here to stay” and “will be successful.”

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a high risk of financial loss.

Crypto Analyst: Shorting Dogecoin Now Like ‘Stepping in Front of a Speeding Train’

The rise and rise of Dogecoin ($DOGE) is currently beating into submission even those crypto analysts who are the hugely popular meme cryptocurrency’s harshest critics.

For instance, earlier today, pseudo-anonymous crypto analyst “Altcoin Sherpa” told his 74.5K followers on Twitter that Dogecoin looks so strong right now that he would not want to short it because it would be like “stepping in front of a speeding train.”

On April 16, while doing a technical analysis of the DOGE-BTC charts for a video published on his YouTube channel, Altcoin Sherpa had this to say:

I really cannot emphasise to you how impressive it is that Dogecoin was able to reach and breach all-time high levels in its Bitcoin pair.

Here are recent comments about Dogecoin by a few other popular and highly respected crypto analysts:

As for where the Dogecoin prices is headed to, Macro-economist and crypto analyst Alex Krüger now believes that the huge amount of interest in Dogecoin could take its price all the way to $1:

Messari research analyst Ryan Watkins also appears to be starting to think that we could see Dogecoin reach $1, something that would have been almost unimaginable by most members of the crypto community just a few months ago:

Throughout 2021, two billionaires — Elon Musk and Mark Cuban — have helped the Dogecoin price rise over 8,453% (from $0.0047 to $0.4020) and its market cap reach $43.6 billion (making DOGE currently the 6th most valuable cryptoasset by market cap) by talking, on numerous occasions (on Twitter and in interviews), about why they are fans of Dogecoin.

On February 8, Cuban revealed what he had said when a Forbes reported had recently asked him about Dogecoin and whether its popularity with retail investors is a bad thing.

On March 4, crypto payment processor BitPay announced that it had started allowing merchants to accept Dogecoin for payments, and that the Dallas Mavericks would be the first to accept Dogecoin.

Two days later, Cuban delighted Dogecoin holders everywhere when he said that his NBA team had had more than 20,000 orders paid for with Dogecoin and that if they managed to sell another 6.55 billion DOGE worth of merchandise, the Dogecoin price could reach $1.

Although $1 for one DOGE sounded pretty crazy back in early March, with Dogecoin currently (as of 07:35 UTC on April 20, aka “Doge Day”) trading, according to data by CryptoCompare, around $4031 (up 10.47% in the past 24-hour period), Cuban’s crazy price target is starting to sound less and less crazy day by day, especially with interest in Dogecoin at record high levels.

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The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.