MARKETS DAILY: Crypto Update | The Value Proposition of Doge Is … ?

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4.7 • 698 Ratings

🗓️ 26 July 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dogecoin takes center stage in crypto markets. Today's episode is sponsored by Kraken Pro. Today's Stories: Nigeria Is Altering eNaira Model to Promote Use of the Digital Currency: Central Bank Markets Links: BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch First Mover Americas: Dogecoin Takes Center Stage - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax. - This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This episode of Markets Daily is sponsored by Cracken.
0:08.1	It's Wednesday, July 26, 2023, and this is Markets Daily from CoinDisc.
0:13.7	George Kluid is here again for your Daily News Roundup.
0:16.8	On today's show, we're talking Bitcoin, the latest headlines, and more.
0:20.6	And just a reminder, CoinDesk is a news source and does not provide financial advice.
0:32.1	Bitcoin and Ether are having boring days, and so that means it's time for the meme coins.
0:38.3	That's right.
0:39.4	Dogecoin takes center stage in the crypto markets.
0:43.4	Meme cryptocurrency Dogecoin jumped 10% on Tuesday, registering its largest single-day gain
0:48.8	since April 3rd.
0:50.3	The crypto has gained 25% over the past two weeks amid speculation that it could be used as a payment
0:55.4	mechanism on the rebranded Twitter platform.
0:58.6	Now, Dogecoin is called a mean cryptocurrency because it was created as a joke, a means for
1:03.5	its founders to make fun of the wild speculation in crypto.
1:07.2	And so, let's cue more wild speculation.
1:09.8	The new X-branded Twitter is supposed to become some big hulking everything app, complete
1:15.2	with messaging and payments capabilities.
1:18.3	The value proposition of Doge is that it has a dog mascot.
1:21.4	The value speculation around Doge right now is the potential that Doge will somehow be folded
1:26.2	into this X-Eeverything app because Elon
1:28.7	Musk likes Doge for some reason. Perhaps there's a chance that this happens. But this isn't
1:34.1	something to hang your hat on. It's just speculation. Be careful out there and know what you're
	...

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