June 12 Daily Report: The Iconic “Doge” Meme Of Dogecoin, BTC Awaits A Breakout, Cardano Is Exploring A New Mechanism, Litecoin Could Ultimately Benefit From Bitcoin’s Success And DeFi App Helps You Access The Liquidity

  • The Iconic “Doge” Meme Of Dogecoin Just Sold As An NFT For $4 Million

In 2021, Dogecoin has received a lot of attention due to its spectacular price surge. “Doge,” the image of an excited Shiba Inu and the face of dogecoin, which has become one of the internet’s most famous memes, has sold for $4 million as a non-fungible token, making it the most expensive meme NFT of all time.

BTC Awaits a Breakout After Month-Long Consolidation

Ever since BTC fell nearly 60% from ATH, it has been thrown back & forth awaiting a breakout. Investors continue to get overwhelmed with bullish & bearish news which has created a large amount of indecision throughout the cryptocurrency space. Bulls want to believe the bull market is still underway and bears are calling for the start of the bear market.

Cardano Is Exploring A New Mechanism That Will Transform Smart Contract Platforms

Cardano is working on a new research project or mechanism to help make transaction fees fair, stable, and more predictable over time, according to a new blog by the network’s parent company IOHK. The blog titled “Stablefees and the Decentralized Reserve System” explains that a good system should have a mechanism for adjusting transaction costs so that it can remain reasonable and competitive.

Litecoin Could Ultimately Benefit From Bitcoin’s Success

  • Litecoin as digital silver next to the thriving Bitcoin digital gold narrative has done about as well as silver has during gold’s rally to new highs. Oddly, the digital and physical counterparts have both lagged behind their more valuable brethren. However, that could soon change and Litecoin could ultimately benefit from the success of Bitcoin.

DeFi app helps you access the liquidity of staked Polkadot and Kusama

A new protocol by Bifrost, a new Polkadot Ecological DeFi basic protocol, solves a core problem of the Kusama (KSM) and Polkadot (DOT) ecosystems, one the community has voiced ever since the two projects went live. In addition, for Parachain project parties, SALP can also be used as a feature in bidding strategies.

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