Dogecoin, which started in 2013 purely as a joke, is currently the proud eighth place of all cryptocurrencies by market capitalization. Last Tuesday at 6 US cents, the coin costs 12 cents today, and in the meantime it was even 15 cents. This is not least due to the Twitter takeover by the erratic multi-billionaire and bon vivant Elon Musk.
In the BTC-ECHO Invest, Stefan Lübeck and Peter Büscher take a closer look at the memecoin with the dog logo, consider previous use cases and speculate about possible future use cases in the Twitter universe.
The interest rate decision of the year is coming up
Next Wednesday at 7:00 p.m. the Fed will announce the new key interest rate. The majority of market participants expect an increase of 50 to 75 basis points to 3.75 to 4.0 percent. A minority of respondents of 11 percent assumes only 3.5 to 3.75 percent. In this podcast you can find out why BTC-ECHO market expert Stefan Lübeck is part of this minority and what that has to do with the midterm elections in the USA next week on November 8th.
Market update for Meta, Amazon, Apple & Co.
In addition, Stefan and Peter discuss the sharp sell-off of the Meta share due to huge write-downs related to Zuckerberg’s Metaverse Horizon and the current cost problems of the cloud providers Amazon, Google and Microsoft.