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CoinDesk Podcast Network

MARKETS DAILY: Crypto Update | Why Dogecoin Is a 'Weird' Investment

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4.8689 Ratings

🗓️ 20 June 2024

⏱️ 17 minutes

🧾️ Download transcript

Summary

The latest price moves and insights with Jennifer Sanasie and TACTIVE Wealth Advisor Eddy Gifford.

To get the show every day, follow the podcast here.

TACTIVE Wealth Advisor Eddy Gifford joins CoinDesk with insights on the current state of the crypto market given macroeconomic uncertainties. Plus, his thoughts on Dogecoin as an investment and the launch of VanEck's spot bitcoin ETF in Australia.

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This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Victor Chen, alongside Senior Booking Producer Melissa Montañez. 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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0:49.7

Dogecoin, that one's weird. I'm not going to make any calls on Dogecoin. That's, that's,

0:55.0

that's just would be a mistake in the making because as soon as you say something about it,

0:58.7

it does the exact opposite.

1:05.6

It's June 20th, 2024, and this is Markets Daily, a show where we get into the minds of some

1:10.7

of the smartest,

1:12.1

investors, CEOs, analysts, researchers, and anyone who has a smart or hot take on the

1:18.1

crypto markets. Now, before we get into today's discussion, let's take a look at what's making

1:22.8

news this morning. The sole-eat ratio hit a three-month low, declining 35% in only one month.

1:29.6

Crypto analysts think that the decline puts the bears in control and further losses could

1:34.9

be on the horizon. The crypto market's biggest meme token, Doge, is also starting to attract

1:39.5

short bets amid a general decline in the meme sector. Coinelized data shows that Dogecoin funding rates

1:45.7

have started to turn negative reaching levels that we haven't seen since October 2023. And some more

...

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