Dogecoin, also commonly known in the trading world as DOGE, is an open-source cryptocurrency. Usually portrayed in a more humorous light, it is considered to be an alt-coin and is mainly used as a meme.

The open-source cryptocurrency was released eight years ago in December 2013, by Jackson Palmer and Billy Markus, the image of a Japanese Shiba Inu dog is the main face logo. Although dogecoin were primarily a mere concept of a joke in 2013, it was not until 2017 during the big cryptocurrency bubble where it had been recognised, resulting in a significant rise in value.

However, once the bubble had burst in 2018- the dogecoin had suffered an enormous loss. Not all had been lost though as the support army for the dogecoin was rising with so-called amateur traders sharing trading tips online via platforms such as Reddit and Twitter. At this moment in time, traders can buy and sell dogecoin through the means of all digital currency exchange platforms. There are also options to store dogecoin within digital wallets online or via exchange. 

Dogecoin Stock  

Following up from the trading wars between amateur traders and hedge fund investors- the crypto market is currently hitting a valuation of a staggering $1trillion as amateur traders have now switched to Bitcoin’s arch-nemesis- Dogecoin. Over the past 24 hours, the market saw a rapid increase in volatility by 500 per cent, taking its value up to $0.05- according to The Independent. With the meme-inspired cryptocurrency mainly appealing to those on social media forums and retail investors- one could say that those involved within the dogecoin frenzy are very cult-like as their behaviour had seemed to be a reflection of the encouragement from Reddit forum page WallStreetBets. 

As quoted by The Independent, Eric Demuth, CEO and Founder of BitPanda had said: “The most interesting aspect is how social communities on the internet now have an immense influence on the volatility and direction certain assets will go into. What we are seeing is a historical power shift from the elite to retail investors – and this is just the beginning.”

In more recent news, the prices of Dogecoin have risen by 50 per cent as world’s richest man- Elon Musk sends out a tweet on Twitter saying: “No highs, no lows, only Doge”, which was followed by after he tweeted earlier that “Dogecoin is the people’s crypto”. On Thursday morning coinmarketcap.com- an online cryptocurrency data provider had said that it was estimated the crypto coin had a market value of up to $6.3 billion (£4.6 billion). To which the value of a single coin was estimated $0.05204 the very same day. 

How To Buy Dogecoin?

According to the Metro.co.uk- they recommend an online platform called Exmo cryptocurrency exchange. This will enable you to buy, sell and exchange Dogecoin. Similar to many online platforms, you will be required to give your full name, contact information and proof of ID before trading. You must link your bank account to be able to deposit and withdraw funds. However, if you choose to do so, it is advised that you set up extra security such as two-factor authentication before setting up any financial account. 

*Investment poses a variety of risks, which influence its volatility and financial return. Nonetheless, there are plenty of resources and analytical tools which can help one navigate these challenges in the world of investing!

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Twitter, Facebook, Instagram and Snapchat are all commonly known social media platforms which are used globally 24 hours a day, 7 days a week. However, ‘there is a new kid on the block’ and it is something a little more exclusive… the Clubhouse App. Spiralling across Instagram and Twitter- it has currently been the hot topic of discussion as the Clubhouse is an invite-only platform. However, so you do not experience any FOMO (feeling of missing out), we are here to give you all the insight you need into this brand new microcosm. 

What is the Clubhouse app? 

The Clubhouse is alive, an audio-only platform which allows many people of similar bodies to join together and discuss a variety of different topics. As it is all audio-based, there are no written comments or messages and there is currently no option known that allows users to record. Currently accessible to iPhone users only who are 18 and over, the Clubhouse has announced in their recent January 2021 blog post that there are plans to make this accessible to more users as an Android release is on the way. Created and developed by Silicon Valley entrepreneur Paul Davison and ex-Google employee Rohan Seth. In which the duo had received a funding of approximately $12 million from the capital firm Andreessen Horowitz, last May. Although the app had been created in April 2020, by December 2020 the company had a valuation of up to $100 million, following through to January 21st, 2021- the valuation had hit one billion US dollars. 

According to the app developers themselves, on the Apple Store Preview, they have described the Clubhouse to be “a space for casual, drop-in conversations– with friends and other interesting people around the world”.

How to join the Clubhouse?

The main reason as to why the Clubhouse is currently the talk to the social-media town is because it is in the beta stage- it can only be accessed via invite-only. The first step is to download the app, in which the app will then scan your phone to analyse whether you already have contacts using the app or not. Taking only a few minutes- these very few minutes will take the time to determine whether you can enter or not. There are also other means of access such as the never-ending waiting list. 

Upon entering the Clubhouse, you will find many virtual “rooms” to choose from. When you enter the chosen room, your audio will be automatically muted, to which you can simply sit back and listen or get involved in the hot topic of discussion by unmuting yourself. However, it is up to the creators also known as the moderators of the room to be able to decide who and who is not able to speak. Alternatively, to get involved users can raise the hands to join the discussion. Consider it a public meeting… people can join and leave rooms whenever they want; they also have the option to create their room too. Since the app has been actively used- research has been found that a majority of the users are currently using the app to communicate about subjects such as political issues, everyday life and entertainment. However, criticisms and controversies have already spiked as there are claims of Anti-Semitism and Black Culture. 

At the moment, there are many famous people such as Drake, Oprah Whinfrey, Virgil Abloh and Mark Cuban who are all using the brand new voice-chat based app. 

Clubhouse Stocks

With Clubhouse’s valuation last May reaching to $100 million, with only approximately 1,500 users– the trading world is now buzzing to get their hands on a few shares as the current situation for the Clubhouse has increased ten-fold, pushing to a valuation of $1 billion. However, this seems to be too impossible at the moment as the company is yet to become an IPO. But, online platform MoneyMorning says otherwise as they predict that “there is no doubt about whether a Clubhouse IPO will be a media bombshell”. 

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Leading investors Durable Capital Partners and Fidelity Investments have partnered together, funding $180 million into the renowned UK-based takeaway business, Deliveroo. When the business had started in February 2013 it was initially based in the UK, in which it had later globally expanded to countries such as Hong Kong, Singapore, the UAE and Australia.

Although the company had been invested in by other corporations such as Amazon – this had not been enough to allow the company to have an initial public offering (IPO), even though the e-commerce business is another company which offers takeaway services. However, as a result of the significant revenue which had been made, this is what led the leading company to become an IPO as the “significant growth potential in the online food delivery sector in which consumer adoption is accelerating”. In which, if revenues were to continue as such, it has been said in reports provided by the company that the group could float as early as April 2021.

(Source: Hartlepool Mail)

IPO Rumours…

This will be the first time that Deliveroo has accepted all claims and rumours regarding an IPO. Founder and CEO of Deliveroo, Will Shu has said that with such investors and promising investments he plans to use all the new money to improve the business for all consumers, riders and restaurants included. As Deliveroo’s current revenue has significantly increased to more than 7 billion dollars- it has been announced that there will be an expansion of the business, in which Mr Shu had used competing brands such as Uber- who also offer Uber Eats- as an example. Furthermore, with the much fruitful investment that has been put in place, Deliveroo hopes to even include a high-growth grocery delivery sector, alongside plans to extend the ‘delivery-only’ kitchens sites globally and extend the subscription service to wider markets.

Although he is the founder of the company, Mr Shu owns a 6.8 per cent stake- according to Sifted,which has also been confirmed by Deliveroo. As a result of the recent $7 billion revenue that was released earlier this January, the valuation of Shu’s stakes have risen to a whopping sum of $476 million.

Preparing For The Pandemic Peak…

The company benefited immensely since the peak of the pandemic as consumers were spending much more than usual. As a result of this, there had been a very successful flotation within the stock market for Deliveroo, which instantly recovered the company from any prior financial shock that the pandemic had caused. Furthermore, to prevent a downfall from reoccurring once more, Will Shu had said that they will use all investments towards new tech tools in aid of restaurants, provide riders with more work and extend the choice of cuisine for customers.

One of Deliveroo’s prime stakeholders- Amazon, whom of which owns a 16 per cent stake- after investing a whopping $575 million, shortly after the takeaway company had announced that they could collapse due to the number of restaurants closing in the first lockdown in March 2020 had invested into the company as they had proclaimed that there was a “significant decline in revenues”. Many other leading takeaway services in the UK such as Just Eat and the Domino’s Pizza group had all objected this offer, however in August 2020- the Competition and Markets Authority had accepted and cleared Amazon’s investments.

If taken into any consideration whatsoever, Deliveroo has the potential to be an investing hotspot for many investors out there as it is evident that the company holds a lot of financial leverage. With the current news giving investors the so-called green light of confidence, the valuation of Deliveroo shall inevitably increase too. This was evident in 2017, when the company has increased its funds, reaching a revenue of $2 billion. Although no recent valuation has been made since the recent investment of Amazon and the lockdown boom, there is still potential within the market for Deliveroo’s growth and hopes for a much higher valuation.

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Although it is made under the same blockchains of Bitcoin, there are some differences in between. Similarly, they both allow consumers to use the digital currency without paying providers or banks, however, Ethereum is a programmable innovation, in which you can use it for various digital assets. This means that this form of digital money can even be converted into Bitcoin. Furthermore, not only can it be used just for payments, but there are also so many significant roles it can play- for example: within financial services, games and apps, all of which is data protected and uncensored.

Ethereum Forecast and Predictions For 2021

Currently leading in the market and overtaking the notorious Bitcoin, it appears to be that Ethereum has now taken over the spotlight. According to FXStreet “the pioneer altcoin is up by 13 per cent in the past 24 hours”, beating last year’s January peak which soared up to 1,350 US dollars. It has been predicted in the next four years that there will be a positive correlation in the charts for crypto prices– with Ethereum being the top leader. Although it had only reached a trading level of up to $280 mid-2020, it has managed to regain itself by smashing itself out of the post-bear market trading range, with anticipations of it reaching a much higher level.

While Bitcoin has usually been the investor’s favourite due to its established market and fast-paced financial activity, it seems that all may change very soon. Investors are usually ones to opt for a more positive growth model and for ones that have a more rewarding platform. So, it goes to say that it is inevitable Ethereum will soon become the perfect platform for investors who want to enjoy the token of buying and selling from the booming currency. If the engagement of the investors is taken into consideration, it will not be surprising to see Ethereum prices climb to between $1,000 and $10,000.

Market researchers, Fundstrat have stated that Ethereum ended the year of 2020, reaching a total of 600 million dollars. Following through to the first 17 days of the new year, prices have already soared to $180 million- with estimations “to achieve $3.9 billion this year”. Although there is not a stable share price, all is looking positive as it typically moving at +/- 22 per cent a week. Volatility has been stable over the past year, which is higher than 75 per cent of US stocks. Monitored by simplywall.st the share price is increasing with a share price of $15.22 on Wednesday 20th January.

Is It A Good Idea To Invest In Ethereum?

After Bitcoin, Ethereum is the second-largest crypto platform and second-best choice for many investors. Ethereum is very beneficial for the world, in which it has many innovative components to be able to change the world. For example, it has aided in developing dApps and has introduced smart contracts which allow users to make end-to-end transactions without a middleman involved. Furthermore, Ethereum has the potential to revolutionise the technology and computer programming industry, and digital ownership collectively.

Ethereum is accessible to everyone and anyone- people can buy different assets globally without banks or bureaucracies getting involved. Written in an article by trading-education.com, “Ethereum can give people tokenisation of artwork, patents, mortgages, person-to-person transactions, and even voting”.

In comparison to Bitcoin, Ethereum is currently in much faster circulation and one reason for this is because it is much more accessible than Bitcoin, as mentioned before. It takes approximately 15 seconds to retrieve ether, whereas Bitcoin takes up to 10 minutes and can sometimes stretch up to 24 hours. Moreover, as Ethereum has its programming language, it is much more versatile in its uses. For example, it is not only used for currency, but it can decentralise apps, monetise apps and provide ownership. The fact that it runs on smart contracts is usually the most popular selling point for bringing investors more regularly.

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In more complicated terms, the code needed to unlock the small hard drive is called an IronKey. It contains a combination of private keys, which allow access to a digital wallet, holding up to 7,002 Bitcoin. Irrespective of the Bitcoin stock price, dropping significantly this last Monday- it is still looking promising as it is more than 50 per cent up in profits in comparison to last month’s Bitcoin stock price forecast.

According to the New York Times, the German programmer now living in San Francisco, “years ago lost the paper where he wrote down the password for his IronKey”. Typically, IronKey gives all their users up to 10 attempts to guesses their password before all data is seized and encrypted forever. Until he had reached eight nerve-racking attempts, trying all commonly used passwords possible, Thomas had realised that all was at stake… literally!

However, all hope had not been lost as ex-Facebook security head Alex Stamos offered a helping hand to Mr Thomas, but there was a small catch involved– as he wanted a 10 per cent cut.

Stamos, now a professor at the Stanford Internet Observatory tweeted Thomas: “Um, for $220m in locked-up Bitcoin, you don’t make 10 password guesses but take it to professionals to buy 20 IronKeys and spend six months finding a side channel or uncapping”

“I’ll make it happen for 10%. Call me” – Alex Stamos (@alexstamos)

As reported by the BBC, it would not be the first time that a potential Bitcoin millionaire such as Mr Thomas to be locked out of their fortune. Furthermore, it has been estimated that up to $140 billion worth of Bitcoin has been lost or left in wallets that cannot be retrieved as stated by cryptocurrency-data company Chainanalysis.

It seems like there is something in the air as the German programmer is not the only crypto trader to have forgotten their important code. In more local news, James Howell- a computer engineer from Newport, South Wales has accidentally thrown away a computer hard drive in 2013 which contained up to tens of millions of pounds in virtual currencies.

In moments of despair and worry, he has offered his local council up to 25 per cent of the fortune, summing up to £200 million, if they can help him recover it out of the rubbish tip. Although he has offered the local council a hefty sum of money- they have refused the offer. Reported by The Guardian, the council has claimed that “an excavation would break licensing regulations and cause environmental damage”

At this moment in time, there Is currently no company or software whatsoever that can protect or store Bitcoin passwords. However, the creator of Bitcoin- who goes by the name of Satoshi Nakamoto has said that the whole concept of Bitcoin is that all consumers from all over the world can open up a digital wallet without having any government enforcements or regulations.

All has been made possible as the Bitcoin operates via a network of computers that all follow a software containing the rules for the cryptocurrency. The software in place is made up of a complex series of algorithms, allowing an address and associated private key to make which is personally designed only for the person who had created the wallet. However, the fault of the system is that it was not taken into consideration what action to take if people were to forget their securing passwords.

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