Based on the current cryptocurrency market momentum, it is a bit unclear what the weekend will offer exactly. Although there is a fair bit of bearish pressure, which is only to be expected after a wild week, there is always a chance the markets will simply turn around on a dime. In the case of Dogecoin, the current trend may look worrisome, but that is not necessarily the case. Although most people would have liked to see the cryptocurrency bull run continue for months on end, that is not how most of these markets work exactly. Instead, there is always a need for a correction after strong gains in the past few days. In the case of Dogecoin, such a brief bearish trend could not be avoided altogether, although that doesn’t have to be a bad thing in the slightest. Read more…..
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On the July 23 I wrote an article about cryptocurrency decentralization called Dogecoin for Decentralization. In the last few days the price of dogecoin has rocketed. The key point of the article was that I trust the decentralized, permissionless, consensus based cryptocurrencies firmly rooted in the bitcoin whitepaper dream of an unstoppable digital global currency. I don’t extend that trust to the centralized coins and tokens, with their un-minable blockchains owned and controlled by who knows who. Dogecoin is firmly decentralized…..
Read more: https://www.forbes.com/sites/investor/2018/09/06/decentralized-cryptocurrencies-are-the-future/#20c5297235b1
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