Canadian projects

Dogecoin is expected to hit its $0.17 price value.
The coin reached a $0.17 hike on April 5, 2022.
DOGE had its all-time high in May 2021.
Dogecoin, the meme coin which is Elon Musk’s favorite crypto, indicates signs of an expected surge in the near future. The coin might spike to its $0.17 price value, which happened on April 5, 2022.

At the time of writing, DOGE is trading at a price of $0.14, with a market cap of nearly $19 million. It has spiked with 1.68% growth in the past 24 hours. Also, it leads in the 11th position among the top 20 cryptocurrencies by market cap. Specifically, the global market cap hangs around $1.88 trillion, with a 2.03% decrease over the last day.

DOGE/USDT 1-day chart (source: TradingView)

Furthermore, DOGE had a strong bear push downwards on February 24, 2022, which signaled a ‘hammer candle pattern’. Contrary to this stage, the coin reached $0.17 on April 5. The significant question here is if DOGE will reach back to this surge soon.

While peeking into the past, the price of Dogecoin on June 5, 2019, showed a $0.0046 hike; it then signaled a red flag until it soared to $0.0049 on February 9, 2020. However, there had been slight surges and dips in during the months in between.

Notably, DOGE secured its all-time high (All-Time High) of $0.74 in May 2021. This value hike occurred prior to Elon Musk’s SNL appearance in May 2021. But its price plunged during his live session as Elon jokingly called it a ‘hustle’.

Since its ATH, DOGE price has moved down by 85%. Moreso, the coin showed three distinctive lower lows and lower highs from September 2021 to March 23, 2022. The trend lines passing through this specific time period depict a falling wedge pattern.

Essentially, the upward trend of DOGE since April 12 continues to climb the stairs till now. If this trend continues to surge, DOGE is expected to reach its $0.17 price value.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Token||Traxx raised $7M total funds.
It was backed by New Zealand Funds and Syzygy Investment Advisory Ltd.
This deal proves to be the first major global pension fund-backed NFT-based project.
Token||Traxx has secured $5M of initial launch support from New Zealand Funds and Syzygy Investment Advisory Ltd., bringing funds raised to a total of $7M.

In a landmark deal, this promises to be the first time a major global pension fund has backed a Non-Fungible Token (NFT) based project. Token||Traxx is a new marketplace that redefines and enhances the value of music, by supporting and financially benefiting the entire music community using NFT technology.

The facility was enabled by Syzygy Investment Advisory Limited, and serial entrepreneur Max Kantelia. Kantelia is also co-founder of public blockchain Zilliqa, as well as co-founder of the Zil metaverse Metapolis, declaring his involvement with Token||Traxx after he and Zilliqa announced a $1.1M partnership last year.

“These projects are not just new business models, but new economies with new structures of commerce, dynamic revenue models, social structures, governance, and participation from the community as stakeholders in the ecosystem. These are all attributes that play towards a macro thematic investment view,” said William Callanan, Founder of Syzygy.

James Grigor, Chief Investment Officer of NZ Funds added:

One of our key missions is to support the emergence of new models within the digital economy. Because our global investment portfolio has a long investment horizon, we’re able to focus on businesses that provide strong growth potential, as well as diversification opportunities for our clients. Token||Traxx brings both, so we’re delighted to be their long-term partners, and to assist where we can in growing this exciting new market.
Founded in 1988, NZ Funds has over $2B of retail funds under management. It also has a history of supporting the digital asset economy. NZ Funds was one of the first pension fund managers in the world to invest in Bitcoin and Ethereum.

Along with Syzygy, NZ Funds is a significant shareholder in Galaxy Digital (a listed technology-driven financial services and investment management firm), which provides institutions and direct clients with a full suite of financial solutions spanning the digital assets ecosystem.

Token||Traxx has secured a total of $7M in partnership support over the course of the last year from other players including Cosimo Ventures and the Akasha Innovation Hub. Paul Taylor, co-founder, and CEO of Token||Traxx summarized, “It is an honor to be backed by such eminent partners in the financial sector who see the potential growth in a new economy, where value can be created, and everyone is a stakeholder.

“It is about making everything inclusive. This support will now allow us to deliver on our potential to make the music industry a fair, yet robust playing field for those who create, curate, and collect music.”