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CSI Intelligent Financial Information Shanzi Co., Ltd. (000981) disclosed its 2023 semi-annual report on August 31. In the first half of 2023, the company achieved total operating income of 2.788 billion yuan, a year-on-year increase of 55.86%; net profit attributable to the parent company was a loss of 883 million yuan, a profit of 391 million yuan in the same period last year; a loss after deducting non-net profits was 846 million yuan, a loss of 5 in the same period last year .71 billion yuan; net cash flow generated from operating activities was -689 million yuan, compared with -521 million yuan in the same period last year; during the reporting period, Shanzi's basic earnings per share was -0.0883 yuan, and the weighted average return on net assets was -20.97%.

Based on the closing price on August 30, Shanzi's current price-to-earnings ratio (TTM) is approximately -6.82 times, its price-to-book ratio (LF) is approximately 3.86 times, and its price-to-sales ratio (TTM) is approximately 3.23 times.

The historical quantile charts of the company's price-to-earnings ratio (TTM), price-to-book ratio (LF), and price-to-sales ratio (TTM) in recent years are as follows:

According to the semi-annual report, the company achieved total operating income of 1.632 billion yuan in the second quarter, a year-on-year increase of 256.28% and a month-on-month increase of 41.23%; net profit attributable to the parent company was -686 million yuan, a year-on-year decrease of 730.02%, and a month-on-month decrease of 248.05%; deducting non-net profit was -651 million yuan, a year-on-year decrease of 131.87%, and a month-on-month decrease of 234.33%.

The semi-annual report shows that during the reporting period, the company's main business was high-end manufacturing, mainly engaged in the R&D, production and sales of automotive automatic transmissions, electrified powertrain systems and automotive passive safety core components. Among them: Belgian Punch Company mainly produces automotive automatic transmissions and other products, focusing on the R&D and production of hybrid and pure electric powertrain systems. It has the highest R&D and technical level in related fields. Ranking at the forefront of the world, it has now formed a full range of product lines including continuously variable transmissions CVT, dual-clutch transmission DT1, hybrid dual-clutch transmission DT2, pure electric vehicle EV reducers, three-in-one and multi-in-one electric drive systems and their core components; American ARC Company is the world's largest manufacturer of hybrid gas generators, mainly dedicated to the development, production and sales of automotive airbag gas generators. In addition, the company has been deeply involved in the real estate field for more than 20 years, and has the advantages of comprehensive industry chain services such as comprehensive development, sales, property management, commercial management, and star hotels in the real estate field.

In terms of products, among the company's main businesses in the first half of 2023, automotive transmission revenue was 939 million yuan, a year-on-year increase of 61.53%, accounting for 33.67% of operating revenue; automotive airbag gas generator revenue was 696 million yuan, a year-on-year increase of 22.73%, accounting for 24.97% of operating revenue; real estate sales revenue was 621 million yuan, a year-on-year increase of 287.54%, accounting for 22.26% of operating revenue.

In the first half of 2023, the company's gross profit margin was 11.41%, a year-on-year increase of 6.35 percentage points; the net profit margin was -34.48%, a decrease of 54.65 percentage points from the same period last year. Judging from single-quarter indicators, the company's gross profit margin in the second quarter of 2023 was 8.50%, a year-on-year decrease of 3.56 percentage points, and a month-on-month decrease of 7.02 percentage points; the net profit margin was -45.61%, a decrease of 23.33 percentage points from the same period last year, and a decrease of 26.87 percentage points from the previous quarter.

In terms of products, the gross profit margins of automobile transmissions, automobile airbag inflators, and real estate sales in the first half of 2023 were 12.57%, 14.65%, and 2.01% respectively.

Data shows that the company's weighted average return on net assets in the first half of 2023 was -20.97%, a decrease of 29.24 percentage points from the same period last year; the company's return on invested capital in the first half of 2023 was -5.31%, a decrease of 8.86 percentage points from the same period last year.

In the first half of 2023, the company's net cash flow from operating activities was -689 million yuan, a year-on-year decrease of 168 million yuan; net cash flow from financing activities was 466 million yuan, a year-on-year decrease of 146 million yuan; net cash flow from investing activities was -140 million yuan, compared with -949 million yuan in the same period last year.

Further statistics found that the company's free cash flow in the first half of 2023 was -245 million yuan, compared with -518 million yuan in the same period last year.

In the first half of 2023, the company's operating income to cash ratio was 72.92%.

In the first half of 2023, the company's period expenses were 970 million yuan, an increase of 326 million yuan from the same period last year; but the period expense rate was 34.79%, a decrease of 1.22 percentage points from the same period last year. Among them, sales expenses increased by 7.27% year-on-year, administrative expenses increased by 41.12% year-on-year, research and development expenses increased by 100.4% year-on-year, and financial expenses increased by 49.56% year-on-year.

In terms of major changes in assets, as of the end of the second quarter of 2023, the company's monetary fund balance decreased by 39.16% from the end of the previous year, accounting for a decrease of 2.40 percentage points in the company's total assets; intangible assets increased by 9.13% from the end of the previous year, accounting for the company's total assets The proportion increased by 1.79 percentage points; the inventory balance decreased by 7.44% from the end of the previous year, and the proportion of the company's total assets decreased by 1.46 percentage points; accounts receivable increased by 40.06% from the end of the previous year, and the proportion of the company's total assets increased by 1.39 percentage points.

In terms of major changes in liabilities, as of the end of the second quarter of 2023, the company's non-current liabilities due within one year increased by 14.32% from the end of the previous year, accounting for an increase of 2.80 percentage points in the company's total assets; long-term borrowings decreased by 23.22% from the end of the previous year, accounting for the company's total assets The proportion of total assets decreased by 1.62 percentage points; contract liabilities decreased by 31.76% from the end of the previous year, and the proportion of the company's total assets decreased by 1.05 percentage points; accounts payable increased by 9.14% from the end of the previous year, and the proportion of the company's total assets increased by 0.80 percentage points.

In terms of solvency, the company's asset-liability ratio at the end of the second quarter of 2023 was 73.12%, an increase of 3.73 percentage points from the end of the previous year; the interest-bearing asset-liability ratio was 32.96%, an increase of 0.84 percentage points from the end of the previous year.

In the first half of 2023, the company's current ratio was 0.59 and its quick ratio was 0.25.

The semi-annual report shows that among the company's top ten tradable shareholders at the end of the first half of 2023, the new shareholders are Xiong Jikai, Zhu Xiaoxiong, and Tianfeng Securities Co., Ltd., replacing Hangzhou Yinchen Real Estate Co., Ltd., Great Wall Guoxing Financial Leasing Co., Ltd., and Yan Guobing at the end of the first quarter. In terms of specific shareholding ratio, Ningbo Yinyi Holdings Co., Ltd.’s shareholding has declined.

Name of shareholder Number of shares held (10,000 shares) Proportion of total share capital (%) Change ratio (%)

Special account for property disposal of bankrupt enterprises of Yinyi Co., Ltd.

91064.92

9.108796

constant

Xiong Jikai

68895.73

6.891316

New

Ningbo Yinyi Holdings Co., Ltd.

55456.18

5.547021

-1.45

Ningbo Development Investment Group Co., Ltd.

46087.75

4.609941

constant

Lu Guohua

10300

1.030261

constant

Industrial and Commercial Bank of China Co., Ltd. Ningbo Branch

9982.26

0.998478

constant

Ping An Bank Co., Ltd.

4829.15

0.483037

constant

Zhu Xiaoxiong

3650

0.365092

New

Tianfeng Securities Co., Ltd.

3545

0.35459

New

Chang Wenguang

2864.37

0.28651

constant

It is worth noting that according to semi-annual report data, 27.13% of Shanzi shares are in a pledged state. Among them, Ningbo Shengzhou Investment Co., Ltd., the second largest shareholder, pledged 900 million company shares, accounting for 97.50% of its total shareholding.

In terms of chip concentration, as of the end of the second quarter of 2023, the total number of shareholders of the company was 48,600, a decrease of 4,949 households, or 9.25%, from the end of the first quarter; the average shareholding value per household dropped from 336,200 yuan at the end of the first quarter to 314,900 yuan, a decrease of 6.34%.

Indicator notes:

Price-to-earnings ratio = total market value/net profit. When the company is losing money, the price-to-earnings ratio is negative. At this time, using the price-to-earnings ratio for valuation has no practical significance. The price-to-book ratio or the price-to-sales ratio is often used as a reference.

Price-to-book ratio = total market value/net assets. The price-to-book ratio valuation method is mostly used for companies with large earnings fluctuations but relatively stable net assets.

Price-to-sales ratio = total market value/operating income. The price-to-sales valuation method is often used for growth companies that are losing money or making only a small profit.

The price-to-earnings ratio and price-to-sales ratio in this article adopt the TTM method, which is calculated based on the 12-month data as of the latest financial report (including forecast). The price-to-book ratio adopts the LF method, which is calculated based on the latest financial report data.

When the P/E ratio is negative, the current period quantiles are not displayed, which will cause the line chart to be interrupted.

As the end of 2025 approaches, there are undercurrents in the cryptocurrency market, and the recent performance of Dogecoin (DOGE), the "coin ceiling", can be described as "ice and fire." On the one hand, there is the crazy movement of futures trading volume soaring by more than 50,000% in a single day, and on the other hand, the cautious trend of spot prices hovering at key support levels. For position holders and short-term traders, the next nine trading days may determine the final direction of DOGE this year.

A one-day surge of 53,255%! DOGE futures trading volume hits a frenzy

Just when the overall cryptocurrency market liquidity is weakening and investors are busy adjusting positions at the end of the year, DOGE futures suddenly ushered in "explosive transactions."

According to CoinGlass data, the trading volume of Dogecoin futures on BitMEX became the biggest highlight: it soared 53,255% in a single day, and was finally settled at US$260.34 million! This is not only the largest single-day increase in DOGE futures trading volume this year, but also particularly eye-catching in the off-season of the market.

You know, the current market is showing obvious "risk aversion". Analysis by 10x Research pointed out that the decline in liquidity at the end of the year is not simply a holiday effect. Institutions and retail investors are simultaneously reducing risk exposure: futures positions tend to be conservative, ETF capital flows are cautious, and the demand for hedging fluctuations in the options market has increased. In this context, the "surge against the trend" of DOGE futures may not only be traders taking advantage of short-term opportunities in range oscillations, but also reflect the market's intensified disagreement over its key price.

Spot price shock game, $0.128 becomes a “lifeline”

In contrast to the madness in the futures market, DOGE spot prices are still struggling within a tight range. Last Friday, DOGE once hit a local high of $0.1334, but then quickly fell back into consolidation. The current price seesaws repeatedly between $0.128 and $0.134. As of press time, DOGE was trading at $0.1343, up slightly by 3.8% in 24 hours, barely holding on to its short-term rebound momentum.

However, from a longer-term perspective, DOGE's situation is not optimistic: the fourth quarter can be described as "falling and falling", falling for three consecutive months since October, and the annual decline has reached 58.5%. There are only 9 trading days left before the end of 2025, and time is already very tight for bulls to reverse the decline throughout the year.

Right now, the key support level of $0.128 has become the "lifeline" that determines the short-term direction of DOGE. Analyst Crypto Tony clearly pointed out that this price is an important prerequisite for going long. Only by firmly holding above $0.128 will the stabilization signal of DOGE be clearer and the long strategy more cost-effective.

From a technical perspective, DOGE has recently shown signs of temporary stabilization above $0.128, and the chart shows that it may attempt to break upward after completing sideways consolidation in the $0.128-0.130 range. If it manages to hold, the next bullish target would be $0.135, which represents an upside of around 2.2% from current prices. However, if the support of $0.128 fails, it may face further correction pressure.

The final battle at the end of the year has begun, do DOGE bulls still have a chance?

For DOGE holders and short-term traders, the core of the next operation is undoubtedly "keep an eye on the support level + pay attention to changes in liquidity":

If the support of $0.128 is solid and the trading volume in the futures market continues to cooperate, you can play a short-term rebound with a small position, target $0.135, and set the stop loss below $0.128; if it falls below the key support of $0.128, you need to be alert to the risk of a correction, and it is not advisable to blindly buy the bottom and wait for new signals of stabilization to appear; market liquidity may further tighten at the end of the year, and volatility may intensify. It is recommended to control positions and avoid heavy positions.

As the “flow controller” of the cryptocurrency market, every change in DOGE affects the nerves of investors. Does this surge in futures trading volume herald the start of a new round of market conditions? Can support at $0.128 hold? Can DOGE surprise bulls in the last 9 trading days of 2025? Welcome to leave your opinions in the comment area!

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20 Operation Transatlantic: ARC

According to statistics, hundreds of private ships cross the Atlantic every year. The "Atlantic Rally for Cruisers" (ARC) organized by the British sailing magazine "Cruising World" is the largest collective ocean crossing activity. Every year at the end of November, 250 ships set off from Las Palmas in the Canary Islands, destined for St Lucia in the Caribbean Sea. This is also a non-competitive race, designed to make the long and boring journey across the ocean more interesting. "Fellows" participated in the ARC in 2005.

ARC is very popular with cruise ships. Registration starts in January every year, and the 250 places are usually filled up within two months. In February 2005, we signed up the "comrade" before she even got into the water. Because it was our first time to cross the ocean, we felt unsure, so we thought it would be safer to go with the organization. The organizers of the ARC divided all the ships into more than a dozen groups according to the speed of the ship. Each group has a flagship, and the flagship is equipped with satellite phones and Internet. All ships must report their progress and latitude and longitude to their flagship every day. The flagship transmits the position back to the headquarters, and the organizer then posts the information to the website. My parents have a large map of the world at home. They check the location online every day, and then insert little red flag pins into the corresponding locations on the map. They followed me in fear, but they didn't know how excited and happy I was on the way—poor parents in the world.

The registration fee for ARC is less than one thousand euros, but the benefits are absolutely worth it. Two weeks before departure, ARC conducts safety inspections on all ships, and those that fail will not be able to sail. The organizing committee also holds a variety of free lectures, including: emergency medical rescue, food procurement, fishing, shortwave communications, meteorology, flare demonstrations, helicopter rescue (a real helicopter demonstration), introduction to the Caribbean, etc. There are big parties every night, and food and drink are free. The parties have different themes such as pirates, Hawaiian, cowboy western, etc. Someone really put in the effort to create props, wear costumes, and put on heavy makeup, but we just fooled around with a little effort. The registration fees alone are obviously not enough for so many activities, and the main financial source comes from sponsors. With hundreds of ships gathering together, merchants will certainly not miss this great business opportunity. The purpose of the sponsored event is to introduce their products to boat owners, not to mention that they are actually effective. For example: There is a new spinnaker design that opens a window on the sail to form an umbrella, which provides an upward support and reduces the bumping of the ship. A spinnaker with an open window is prohibitively expensive, but after being introduced by the manufacturer in a carnival party atmosphere, and drinking other people's wine, many boat owners were tempted. When the ARC set sail that year, many ships had small umbrellas hung on their spinnakers, and it was really beautiful to see them all connected together.

On November 8, 2005, ARC kicked off with a parade of ship owners. The parade was led by trumpeters and circled around the yacht club, followed by a flag-raising ceremony. The parade was divided into teams according to the nationality of the boats. The French team only had three boats, and they were overwhelmed by the British team behind them. We invited two friends to participate in Crossing the Ocean, one is Simon who was introduced earlier (Eleven: Character Sketch 2: Simon and Nikola), and the other is Old T. They arrived at the Kannali Islands as scheduled.

The next two weeks were a dizzying array of activity. The four of us went to different lectures separately. My husband and I participated in a lifeboat field exercise and practiced climbing the lifeboat in the swimming pool. It's really not easy. The ladder of the lifeboat is a soft ladder. You need some arm strength and full body coordination when climbing. The rest of the time, my husband is busy repairing various equipment parts all day long, and Simon and I are responsible for the planning and purchasing of food. Simon is an accountant and keeps a quantitative list of everything. Our planned sailing time at sea is thirty days. The recipes and drinks for three meals a day were all down to the pound. They were input into Excel. Finally, Simon said that he would add 20% just in case, and the purchase order was issued. Las Palmas Supermarket supplies ARC every year at this time, so it is quite experienced in dealing with the boatmen, and the service is considerate and efficient. After purchasing at the supermarket, just leave the yacht club's ship number and the supermarket will deliver the items to the bow of the ship on the same day. The supermarket is also responsible for cutting the purchased meat into small pieces, vacuum-packing them one by one, deep-frozen them in the supermarket's freezer, and delivering them to the ship the day before departure. Of course, all of this is not free. Storing so much food on board is a challenge. You have to think about what to eat first and what to eat later. Store what you eat first in a place that is easily accessible and cannot be rummaged through at sea. We bought plastic boxes of different sizes and packed the food into categories according to the order of consumption. After all the food we bought was loaded on the boat, the waterline of "Common Taoist" sank three centimeters!

After a busy day, I completely relaxed at night. The party changes its style every day, and it can be said that there is a lot of fun and delicious food. I was so embarrassed to eat that the four of us only paid a few hundred euros for two weeks every day. We must not starve our sponsors! How about we buy a spinnaker with a parachute. It's a pity that the "comrade" didn't have a rope pole to support the spinnaker, so he gave up. The climax of the party is setting sail on New Year's Eve, when people are drunk and drunk, several cannons are fired, and fireworks decorate the night sky with colorful colors. People return to the ship with a reluctant mood. Tomorrow, they will bid farewell to this short-lived carnival and enter the Atlantic Ocean, a place that does not belong to human life.

Dogecoin retraces 66%! Do historical data suggest a new rebound?

Recently, the price of Dogecoin (DOGE) has made a sharp correction, falling by approximately 66% since its high in December 2024, falling below multiple key support levels, causing market concerns. However, looking back at history, DOGE has experienced adjustments of similar magnitude many times and has since experienced a strong rebound. Since October 2022, Dogecoin has experienced two similar deep retracements, and each correction was followed by a sharp rebound in price. Does this historical pattern mean that new opportunities are coming?

The historical trajectory of Dogecoin’s correction and rebound

While the recent pullback has put bullish investors under pressure, historical data shows that sharp retracements in Dogecoin (DOGE) often pave the way for strong rallies to follow. Since reaching all-time highs in 2021, DOGE prices have experienced similar adjustments many times and experienced explosive gains after corrections.

1. The first correction and rebound (October 2022-March 2024)

Between October 2022 and June 2023, the price of Dogecoin fell by 64%. However, in the following 7 months (July 2023 to March 2024), DOGE experienced a sharp rebound of up to 300%.

2. The second correction and rebound (March 2024-August 2024)

From March 2024 to August 2024, DOGE once again experienced a deep correction of 64%, but then the price rose strongly, soaring 500% in just a few months.

Will the current pullback once again become the starting point for the next rally? Judging from historical trends, this possibility still exists.

Historical patterns suggest that Dogecoin may usher in a new round of rebound

These two cycles exhibit clear patterns, suggesting that Dogecoin’s current price action is no accident. This 66% correction since December 2024 is highly consistent with historical patterns. If history repeats itself, DOGE could see another strong rally. And considering that past rebounds have all brought triple-digit gains, the possibility of a new round of gains cannot be ignored.

Dogecoin’s potential buying range

Currently, DOGE is forming support at $0.146, and the short-term decline has eased. In terms of upward resistance, $0.182 is the key breakthrough point. Once broken, it will open up a more stable upward space.

If the $0.146 support is effective and the market sentiment turns positive, such as increased trading volume and stronger technical indicators, it may be an ideal buying opportunity.

Can Dogecoin return to $1? Analysis of key factors

The price of Dogecoin is expected to rebound strongly and challenge the $1 mark. Historical data shows that DOGE is often followed by a strong rise after every major correction. Currently, if the price rebounds by 300%, it can reach $0.64, and if the increase expands to 500%, it is expected to approach $1.

However, the market is currently in a state of extreme fear and sentiment has yet to fully recover. If market sentiment improves and there are catalytic factors to promote it, DOGE may stage an explosive market again. Investors need to pay close attention to market trends, carefully seize potential opportunities, and be wary of volatility risks.

Today, the price of Dogecoin (DOGE) surged sharply, rising by more than 12% in 24 hours and now trading at $0.18. This rise is consistent with the recovery trend of the entire Meme coin market, with popular Meme coins such as Shiba Inu Coin (SHIB), PEPE and BONK also recording double-digit growth.

Analysts pointed out that the rise of DOGE has reignited the market's bullish sentiment towards this "veteran" Meme coin, and predicted that if it breaks through key resistance levels, it may challenge the $0.27 target price in the coming weeks.

Musk reduces interaction, but DOGE shows independent rising momentum

For a long time, Dogecoin’s price fluctuations have been highly correlated with Tesla CEO Elon Musk’s comments. However, Musk recently announced that he will reduce his interaction with the "Department of Government Efficiency" (DOGE, homophonic stem), citing the need to focus on dealing with Tesla's performance pressure. Although some investors are worried that Musk's weakening influence may affect the trend of DOGE, the token rose instead of falling after the news was announced, showing the market's recognition of its independent value.

Shorts liquidated as technical indicators point to short-term overheating

The rapid rise of DOGE caused a large-scale liquidation of short positions in the futures market. According to Coinglass data, more than $11.6 million in short positions were liquidated in the past 24 hours, with 85% of the losses coming from traders who were short DOGE. However, technical indicators also show that DOGE may face the risk of a short-term correction – the relative strength index (RSI) and the stochastic oscillator have entered the overbought zone, prompting investors to be wary of volatility.

From a technical analysis point of view, DOGE recently successfully broke through the downward trendline resistance and the 50-day moving average (SMA), and formed a classic falling wedge pattern, which is usually regarded as a bullish signal. Analysts emphasized that if DOGE can stand above $0.1822 (200-day moving average), it is expected to further test $0.20 and even challenge the 100-day moving average resistance of $0.21. CryptoQuant analysts said: "DOGE's breakthrough market is in line with technical textbook expectations. If it stands at $0.1809, the next target will be $0.27."

Meme currency craze returns, Bitcoin and Ethereum strengthen simultaneously

The rise of DOGE is not an isolated phenomenon, and the cryptocurrency market as a whole is showing a positive trend. Bitcoin broke through $94,500 today, hitting a two-month high, while Ethereum also returned to the $1,700 mark. Market participants believe that improved macro sentiment, a return of funds to risk assets, and technical breakthroughs have jointly promoted this round of gains.

Well-known cryptocurrency analyst "Master Ananda" pointed out that DOGE may have completed its long-term adjustment since the end of 2024 and is currently at the starting point of a new upward wave. He predicted: “If the shock wave pattern is established, DOGE is expected to break through $0.27 and may move towards $0.40 or even the historical high of $0.70.”

Although short-term technical indicators suggest the risk of a correction, the overall trend of DOGE is still optimistic by the market. Investors need to pay close attention to the breakthrough of key resistance levels and changes in trading volume. If the current momentum can be sustained, DOGE may usher in a new highlight moment in 2025.

DOGE token (Dogecoin) has experienced a 1% price drop in the past 24 hours. Prior to today’s decline, the Meme token was back in the top 10 cryptocurrencies by market capitalization.

The price of DOGE is now $0.058112, down 5% in the past week and 6% in a month. Compared to other major coins such as Bitcoin (BTC) and Ethereum (ETH), the original meme token has lost 13% since the beginning of the year. However, DOGE's oversold status over the past few months may have set the stage for a strong rebound toward the end of the year.

This shows that DOGE still has a place in the market and despite some short-term volatility, it still has potential upside potential.

As DOGE joins top 10 cryptocurrencies, Dogecoin price prediction – could price hit $1 in 2023?

Based on technical indicators, some analysts are predicting a possible recovery for DOGE. The Relative Strength Index (RSI, purple line) has been below 50 and almost 30 for the past two months, with the RSI generally below 40 or even lower during this time. Additionally, DOGE’s 30-day exponential moving average (MA, yellow line) has been below its 200-day exponential moving average (MA, blue line) for several months in a row, suggesting that DOGE is significantly undervalued, which could lead to some good news.

However, the problem is that DOGE’s support level (green line) continues to fall and is likely to be breached again, which could trigger more losses if DOGE falls below $0.580. In the case of normal assets, such as useful company stocks, the above indicators almost guarantee a rebound in the near future. But the same may not be true for meme tokens like DOGE, as they lack fundamental value and utility.

As a result, some skeptics may conclude that DOGE is experiencing a long-term decline that is likely to continue at least during the current bear market cycle. Currently, whales seem more likely to sell DOGE tokens than hold it, as evidenced by recent large transactions. In another negative sign, DOGE’s 24-hour trading volume has dropped from approximately $9 billion in November to approximately $175 million currently, indicating that the market is losing interest in the token.

Therefore, the outlook is not optimistic for DOGE, which currently seems to be relying on X (previously Twitter) possibly integrating cryptocurrency payments. Although X is working to introduce some kind of digital payments, it is unclear whether cryptocurrency payments will be included, or whether DOGE will participate. If this eventually comes to fruition, the price of DOGE could rise rapidly, possibly reaching $0.1 within a few weeks and then continue to rise to $1. But if that never happens, then DOGE could continue its current downward trend, possibly heading to $0.50 or even lower in the coming months.

Other Stronger Meme Tokens

DOGE may not look like the price is strong enough at the moment, but there are more meme tokens on the market with potential, including some that may appreciate significantly after the presale, and will have a lot of upside potential once they are listed on exchanges.

A case in point is Meme Kombat (MK), an Ethereum-based platform that allows users to participate in battle bets on AI-generated meme characters. Meme Kombat has successfully raised over $475,000 in its pre-sale and is growing rapidly, with more and more investors showing interest in its innovative platform.

Meme Kombat will allow users to place bets on the outcome of battles between these meme characters, with rewards and bonuses paid out in their native token MK.

The launch of the platform comes at a time of continued interest in meme tokens. In addition to its core betting features, Meme Kombat will also host tournaments and contests on a regular basis.

MK Token is an Ethereum-based ERC-20 cryptocurrency with a hard supply cap of 120 million tokens, 50% of which is for sale. The other 30% will be reserved for staking and battle rewards, and users who stake MK tokens have the opportunity to receive double rewards.

Investors can purchase some MK tokens in advance by visiting Meme Kombat’s official website and connecting their crypto wallet such as MetaMask. Throughout the sale period, 1 MK token is priced at $0.1667, with the price likely to increase significantly once the sale ends and the token is listed on exchanges.

Thank you all for your support, see you next time!

BTOK is a currency exchange community software originating from the United States and deeply customized based on Telegram, also known as Biyong. It has been recognized by the Colorado Secretary of State and supported by well-known investment institutions such as Globespan, LGP, and Venrock. BTOK not only provides digital currency trading services, but also integrates industry dynamic push, interactive forums, asset monitoring and other functions to create a comprehensive cryptocurrency investment and communication platform for global users.

What software is BTOK?

BTOK is a communication and trading software specially designed for currency enthusiasts and digital currency investors. It deeply combines the advantages of the Telegram platform, and carries out professional customization and optimization on this basis, thus providing users with a professional and efficient communication and investment environment.

From the interface design point of view, BTOK adopts a simple and clear style, allowing users to quickly get started and become familiar with various functions. The operation process has also been greatly simplified, so both novices and veterans can quickly integrate into this vibrant currency culture in a short period of time. In terms of communication, BTOK provides users with a wealth of group options. These groups not only cover blockchain technology, digital currency investment, market analysis and other fields, but also attract blockchain enthusiasts and cryptocurrency investors from all over the world. Users can freely choose to join these groups based on their interests and needs to share insights, exchange experiences, and even explore potential investment opportunities with like-minded people.

In addition to communication functions, BTOK also provides powerful digital currency trading services. Users can easily query various digital transaction information on the platform, including the latest currency trading conditions, market dynamics, etc. At the same time, the platform also supports transactions in a variety of digital currencies. Whether it is mainstream currencies such as Bitcoin and Ethereum, or many other new cryptocurrencies, users can find investment opportunities that suit them here. This diversified trading options not only meet the different investment needs of users, but also provide them with a broader investment horizon.

In general, BTOK is a comprehensive software that integrates communication, learning, and trading. It not only provides users with a convenient and efficient communication environment, but also helps users better grasp market dynamics and improve investment capabilities through rich trading options. Whether for beginners who want to learn more about blockchain technology or for experienced investors looking for investment opportunities, BTOK is an option worth trying.

Which country is BTOK from?

BTOK is American and has been officially recognized by the Colorado Secretary of State. This official endorsement undoubtedly lays a solid foundation for BTOK's legal compliance. This recognition is not only an affirmation of BTOK’s operating model, but also recognition of its efforts in the field of financial technology, demonstrating its formality and credibility in the industry.

At the same time, BTOK is also fortunate to have the favor and support of many well-known investment institutions. These investment institutions, such as Globespan, LGP, Venrock, etc., have rich experience and resources in cutting-edge fields such as financial technology and blockchain. Their joining not only brought valuable financial support to BTOK, but also provided industry insights, market expansion and other assistance, paving a solid road for the steady development of BTOK.

Although BTOK's fund background originated from the United States, its software platform has demonstrated strong global characteristics. BTOK software breaks geographical restrictions and attracts users from all over the world, forming a diversified and international currency exchange and digital currency trading platform. This global layout enables BTOK to have a broad user base and strong international influence in currency exchanges and digital currency transactions.

Extended knowledge: The relationship between BTOK and Telegram

1.Basic relationship

BTOK is a communication community software specially created for users in the currency circle. It is not an official application of Telegram, but has been deeply customized and optimized based on the Telegram platform. This means that while retaining the original functions of Telegram, BTOK has expanded and optimized its functions according to the specific needs and characteristics of cryptocurrency users.

2.Technical relations

API interface utilization: BTOK makes full use of the API interface provided by Telegram. An API (Application Programming Interface) is a protocol or tool that allows software applications to interact with each other. By using Telegram's API interface, BTOK can obtain user information, messaging and other functions on the Telegram platform, and customize it on this basis.

In-depth customization and optimization: BTOK has carried out in-depth customization and optimization based on the use of Telegram API interface. This includes optimization of interface design, functional layout, operating procedures, etc. to better meet the needs of cryptocurrency users. For example, BTOK may have added functions related to digital currency transactions, such as real-time market inquiry, transaction reminders, etc., and optimized the interface design and operation process to meet the special needs of cryptocurrency users.

3. Function and service relationship

Functions meet user needs: Since BTOK is customized based on the needs and characteristics of currency users, its functions are more in line with the actual needs of such users. For example, BTOK may provide more professional digital currency transaction information, more convenient currency communication channels, etc. to meet the investment and communication needs of currency users.

Professional services and support: In addition to functional customization and optimization, BTOK may also provide professional services and support. For example, it may have a professional customer service team that can provide users with timely and effective technical support and solutions; at the same time, BTOK may also provide a more extensive communication and cooperation platform for currency users by organizing online or offline activities.

BTOK provides users with a comprehensive cryptocurrency investment and exchange platform, but users still need to pay attention to risks during use. The digital currency market is highly volatile, so investment needs to be cautious. Before conducting transactions, users should fully understand market dynamics and risk factors, and make reasonable investment decisions based on their own risk tolerance and investment needs. At the same time, users should also strengthen their awareness of account security protection, regularly change transaction passwords, enable real-name authentication and other measures to ensure the security of account funds.

Jackson Palmer, who was an employee at Adobe at the time, wanted to satirize the proliferation of cryptocurrency at the time, so he added elements of crypto assets to this Doge meme and created a cryptocurrency picture with Doge's avatar. Jackson posted this picture on Twitter and wrote: "Invest in Dogecoin! This will be the next big thing." This post received responses from netizens in both the Meme world and the industry. Under the encouragement of netizens, he bought the domain name dogecoin.com and solicited partners on Twitter who wanted to develop Dogecoin together:

"Investing in Dogecoin, pretty sure it's the next big thing."

This message on Twitter quickly entered the eyes of IBM engineer Billy Markus. He has been studying cryptocurrency and has always hoped to create a cryptocurrency that can be widely used by people instead of simply used for investment.

Billy contacted Jackson. Although Jackson did not respond immediately, Billy began to build Dogecoin. He copied the Bitcoin source code verbatim. Although he could not understand most of it, he made some simple modifications:

1) Change the word Bitcoin to Doge, and change the word mining to dig.

2) Change the currency value from 23 million to 100 billion, and significantly reduce the difficulty of digging holes

3) Change the font to a lively and interesting anime font (comic sans)

It is rumored that the whole process only took about 3 hours. During a lunch break, Billy and Jackson officially launched Dogecoin. It can be said that Jackson created Dogecoin.com, the official portal of Dogecoin, and then Billy developed the first 4 versions of Dogecoin alone.

Two weeks after Dogecoin was born, its daily transaction volume exceeded that of Bitcoin. Less than a month after its birth, the website has received more than 1 million visits! Later, he became popular again in Taiwan with the song "I always recommend breaking up when it comes to relationships".

Picture source network

In 2014, Billy and Jackson withdrew from the development of Dogecoin one after another. The reason is unknown. It is speculated that Dogecoin was still worthless at that time, because even the founders themselves said in an interview: "We think this is a big joke that is destined to die." It seems that they don't have any left in their hands.

Later, a new Dogecoin core development team was formed. This team consists of a core maintainer team and has been supported by more than 40 contributors over the years. Dogecoin has been developed and maintained by them since then.

However, compared to the "value investment" investors in the Bitcoin circle, Dogecoin is a bit of a slap in the face, because it was worthless in the first few years, and later it had a market value of tens of billions of dollars. Maybe the existence of some things is valuable in itself, but gold needs time to shine?

The opportunity is that Dogecoin has gradually become the reward currency of the famous American online forum Reddit. Because it is cheap, it is favored by a large number of netizens and celebrities. It can also be regarded as the first practical scenario for benchmarking.

At that time, a Reddit netizen wrote a tipping bot. When a netizen shared great content, he could tip the bot and send 5 Dogecoins to the author to express his gratitude.

At that time, each Dogecoin was worth about US$0.0005. Although the value was not much, more importantly, it was a sense of honor. Some people even said: "Getting a tip of 5 Dogecoins is more satisfying than receiving 2 cents (US$0.02)."

Despite originating as a joke, the low price coupled with ease of purchase makes it easier for those interested in cryptocurrencies to get involved. As a result, Dogecoin’s user base has expanded rapidly, increasing its value as a cryptocurrency. Cryptocurrency infrastructure, mining pools, and trading services were also born at the same time. And Dogecoin quickly developed a large and passionate cryptocurrency community, doing some great causes and charities.

For example, in 2014, the Dogecoin community raised 26.5 million Dogecoins (worth about $30,000 at the time) to support the Jamaican bobsled team to participate in the Sochi Winter Olympics. In March 2014, the Dogecoin community raised more than 40 million Dogecoins (worth approximately $30,000 at the time) to help build clean water wells in Kenya. The Dogecoin Foundation also collaborated with popular YouTubers Mr Beast and Mark Rober on the TeamSeas initiative, which raised $30 million for ocean debris removal.

To this day, Dogecoin’s official website still has relevant introductions.

Dogecoin also has a very unique concept. If Bitcoin is a rebellion against the traditional financial system, then it is a rebellion against Bitcoin. One of its main features that is completely opposite to Bitcoin is: Bitcoin has a fixed total amount and no additional issuance, while DOGE has an initial amount of 100 billion, with unlimited additional issuance at 5% per year. That is, 5 billion Dogecoins are issued every year, and the supply is unlimited. Another attractive feature of Dogecoin is its low entry fee. One Bitcoin is worth tens of thousands of US dollars, even in the bear market, it is beyond the reach of ordinary people. However, the value of one Dogecoin is less than US$1, and the transaction fees are relatively low, which is attractive to investors with limited funds. In addition, as the popularity of Dogecoin increases, more and more trading platforms have announced that they can buy, sell or manage Dogecoin.

You see, Dogecoin was originally used as a reward on the famous American online forum Reddit. Later, Dogecoin developed into a charity. Dogecoin can then be exchanged for other cryptocurrencies on multiple trading platforms for investment purposes. It is worth mentioning that there are already 1,400+ stores around the world that accept customers to pay in Dogecoin, and even Musk announced that he will accept Dogecoin to pay for the SpaceX moon landing mission.

Up to now, Dogecoin has jumped to become the seventh largest cryptocurrency in the world, but who would have thought that the inspiration came from a photo of Kabosu, a Shiba Inu, that appeared online in 2010!

02 Price jumps repeatedly

The risk of investing in Dogecoin is very high, because its price will change dramatically due to market sentiment. It may rise sharply or plummet in a short period of time, which is highly speculative. In particular, Musk's words and deeds have a great impact on the price of Dogecoin. At the beginning of last year, he tweeted in support of Dogecoin, causing its price to soar hundreds of times. Later, due to his remarks that Dogecoin was a scam, the price of Dogecoin plummeted.

Here, Vernacular Blockchain will also take you to review the violent fluctuations of Dogecoin.

The first major infusion of Dogecoin came into the crypto market around March 10, 2017, following a massive increase in retail investment, which boosted the prices of all altcoins. In a span of 70 days, the “funny” cryptocurrency rose from $0.00021 to a peak of $0.0042, a gain of more than 1,890%. This shattered the previous all-time high of $0.0021, sending the market cap soaring by $423 million. Shortly afterwards, Dogecoin plummeted 75% in a two-week market correction, which in turn affected all cryptocurrency prices.

By November 2017, there was another strong buying momentum in the cryptocurrency market, with huge trading volumes pushing Bitcoin to a high of $19,783. The global cryptocurrency market value has reached a staggering US$830 billion, which has also driven the parabolic growth of small-market value projects such as Dogecoin.

On January 7, 2018, Dogecoin broke through $0.02, 380% higher than its previous high. Its current market capitalization is US$1.6 billion. However, this rally was very short-lived, with the price falling by more than 70% in 8 days, back to $0.0047.

The Third: Crypto Market Rally

On April 14, 2018, just before the entire market entered the “crypto winter” and fell to previous lows, the vast majority of crypto projects experienced a brief recovery. In three days, Dogecoin rose from $0.0020 to $0.0041, an increase of 103%. In comparison, Bitcoin only gained 40% in the same month. But it didn’t take long for Dogecoin’s market value to drop by more than half from its all-time high.

Fourth: Ethereum/Dogecoin Bridge Test

In September 2018, the first major rally in Dogecoin that was largely unrelated to the rest of the crypto market, system testing of the Dogecoin/Ethereum bridge was completed.

This bridge is considered a new update that will allow interoperability between the two blockchains. The announcement reignited community support for the project, and the price of Dogecoin increased by 173% in 48 hours. However, it was later learned that due to the plummeting price of Ethereum, there was not enough funds to continue developing the bridge, so the update was put on hold. Since then, no one has mentioned whether the bridge between Dogecoin and Ethereum will continue. The price of Dogecoin has also recovered.

Fifth time: Tiktok becomes popular

In mid-2020, a viral video on Tiktok caused a chain reaction, triggering a sharp rise in the price of Dogecoin.

A TikTok netizen launched a challenge called #DogecoinTikTok#, encouraging netizens on the platform to buy Dogecoin and raise its price to $1 each. Some netizens calculated that if all 800 million TikTok users spend $25 to buy Dogecoin, then when Dogecoin rises to $1, each of them will earn $10,000.

There is no doubt that the hype from TikTok netizens has pushed up the price of Dogecoin. As the hype intensified, Dogecoin was trading at more than 2.5 times what it was a few weeks ago. Then it gradually fell back.

On January 11, 2021, the traditional financial market was severely disrupted by a subreddit forum called WallStreetBets (aka WSB). These amateur stock investors decided to band together against traditional financial institutions and launched stocks such as GameStop, BlackBerry, AMC, Nokia and Bed Bath & Beyond that major hedge funds were betting would lose value.

On January 28, WSB stock market mania spread to Dogecoin and drove a sharp rebound in the cryptocurrency. In less than two days, Dogecoin surged to an all-time high of $0.087 on Binance, a gain of 1,100%. The surge was driven in part by several tweets, including one from Musk.

But later Musk said in an interview that Dogecoin was a scam, and then the price plummeted…

Seventh time: Musk’s tweet

On April Fools' Day, April 1, 2021, Musk said that he would use SpaceX to bring a Dogecoin to the moon.

As soon as the news came out, Dogecoin went straight up

rose, rising 15% that day. Since then, Dogecoin has started a rapid rise mode: after breaking through 0.1 US dollars on April 14, it hit a record high price of 0.43 US dollars on April 19, and the currency price soared 336% in just one week. According to data from CoinMarketCap, its total market capitalization reached $50 billion on April 20, surpassing Ford Motor Co.

On May 5, the price of Dogecoin rose sharply again, exceeding US$0.68 during the session. The 24-hour increase once exceeded 50%, setting another record high. As of May, the market value was approximately US$88 billion, making it the fourth largest cryptocurrency at the time after BTC, ETH and BNB. Its price later dropped as the tweet’s popularity declined.

Dogecoin has had a parabolic surge in 2022-10, during which time Dogecoin has climbed from approximately $0.06 to nearly $0.15, a percentage increase that far exceeds Bitcoin’s performance at the time.

The direct reason is that Musk, a long-term supporter of Dogecoin, spent $44 billion to acquire Twitter.

After becoming the CEO of Twitter, Musk replaced the bluebird icon on the company's website this morning (April 4) with a picture of the digital currency symbol Shiba Inu, a move that pushed the price of the cryptocurrency Dogecoin to surge by more than 30%.

Looking back since its birth, the price of Dogecoin has soared from less than US$0.0001 in 2013 to US$0.74 in May 2021, rising thousands of times, then plummeting, and then rising sharply now. The price of Dogecoin fluctuates greatly, so it is not suitable for investors looking for stable returns.

To sum up, it must be said that Musk is indeed a key figure to Dogecoin. It can be seen that although there has been an increase from 2017 to 2020, the overall fluctuations are not large. Since Musk's intervention in 2021, Dogecoin has started a roller coaster-like price trend. If dogs are man’s best friend, then for the famous Dogecoin, the best friend must be Musk.

03 Issues that cannot be ignored

In the huge market of more than 5,000 cryptocurrencies, Dogecoin is a special existence. We know that the birth of Dogecoin is completely a black humor. It just originated from Billy and Jackson's copycat of Bitcoin in 2013, and then it accidentally became popular. But I didn’t expect that because of the price, it would develop into the “behemoth” it is today.

If the price rise and fall is a major attraction and advantage of Dogecoin, then these existing problems may give you a more comprehensive and clear understanding of Dogecoin.

1. Development has stalled and the code has not been updated for a long time.

Few people know that before Musk made Dogecoin popular, Dogecoin’s blockchain development was more sporadic than other blockchain projects. In the past few years, its basic code maintenance has almost stagnated. The last major development of Dogecoin was back on November 8, 2019, and there were no updates to the project code between November 10, 2015, and February 4, 2018. As recently as last month, news broke that the Dogecoin development team is currently working on two major versions – core updates 1.14.7 and 1.21, but they should not be implemented yet.

2. Almost no ecosystem, limited application scenarios

In addition to being used as a reward medium on Reddit once before, Dogecoin as a payment method is not widely used at present. According to some reports, only 1,300 companies may accept Dogecoin as a payment method by 2021, and this unremarkable achievement took eight years. There are now approximately 40,000 transactions being transferred on the Dogecoin blockchain every day, which is less than a fraction of the number of daily transactions on Visa and Mastercard.

Source: https://explorer.viawallet.com

Introduction Btok Wallet is a non-custodial, decentralized WEB3 wallet that integrates security and ease of use. It is the most reliable and secure encryption wallet.

What is Btok Wallet?

Btok Wallet is a non-custodial, decentralized WEB3 wallet that integrates security and ease of use, making it the most reliable and secure encryption wallet.

If it's okay to play around, if you really want to put funds in, it's safer to put it on some larger exchanges. For example, platforms such as Oyi, Binance, and Huobi. I really don’t worry about putting it in a cold wallet.

According to ForesightNews, the Web3 social platform Btok announced a comprehensive strategic upgrade and launched the decentralized wallet BtokWallet and the social aggregation trading platform BtokSwap based on the original social network. Btok said that the newly launched BtokWallet is a non-custodial, decentralized Web3 wallet that is easy to use and can log in to the VSS algorithm, multi-encryption, and multi-verification protocols without the need to back up mnemonic words. BtokSwap provides a one-stop decentralized cryptocurrency trading solution through Web3 social aggregation trading. Users only need to connect the wallet and use the aggregate transaction function in any group of Btok to achieve quick token search and one-click transactions. Btok is a blockchain social network that integrates community, social interaction, decentralized digital identity (DID), centralized wallet, aggregated transactions, red envelope airdrops, and information.

Advantages of Btok wallet:

1. Ease of use

You can log in easily without backing up your mnemonic phrase, taking into account security and efficiency. The local security environment is encrypted by the VSS algorithm, which is safe and leak-proof. You only need to remember the password in your brain. Even if you forget the mnemonic phrase or change the device, your encrypted assets will not be lost.

2. Ultimate security

All data is encrypted and stored, and the security of user wallets is enhanced through secondary verification and signature confirmation mechanisms. The encryption key only exists in your brain, and the mnemonic phrase is encrypted and stored in the local KeyStore. Btok wallet will never store your password or private key, and will never send your mnemonic phrase, password or private key anywhere.

3. Unique password destruction mechanism

The user's password only exists in the user's mind, and the wallet will automatically destroy all traces of the password.

4. 100% asset control

Your wallet belongs only to you, only you have access to your assets, and you have full control over your assets.

What you need to do:

1. Remember your password: Set a strong wallet password and keep it properly. Losing them means permanent loss of assets; decentralized wallets do not store your wallet password and there is no way to retrieve it;

2. Use the Btok official app: Download from the Btok official channel. Be extra careful when downloading new software (do not search through Baidu, the results will be unofficial apps.)

The security principle of Btok

1. Decentralization: Users are the true holders of digital currency. The platform will not store your password, mnemonic phrase or private key, and will never send your mnemonic phrase or private key to any server.

2. Hard to lose: Remembering the password means you have complete control over your assets, avoiding the loss of assets caused by forgetting the mnemonic phrase.

3. Leave no traces: After the password is used, all traces will be erased immediately, even the memory space will not be retained.

FAQ:

1. What is a non-custodial wallet?

Btok Wallet Non-custodial wallet means: 1) Only you can access your assets (not BTOK or anyone else); 2) No one can prevent you from accessing them (not even BTOK). In comparison, a custodial wallet is like a traditional bank that holds your assets and (in the worst case scenario) can lock you out at any time.

2. What is the VSS algorithm?

VSS algorithm: An improvement of Shamir key sharing, the Feldman-vss key sharing algorithm is verifiable secret sharing (VSS)

3. What is a guard code?

The guard code is generated on the local device through VSS and AES256 encryption algorithms (the key only exists in your brain), and is backed up in the cloud after being signed on the local device with your private key. The guard code can help you recover the mnemonic phrase through password.

4. What is the password used for?

The password is the only credential for recovering the wallet. The password only exists in your brain. If lost, your wallet cannot be recovered.

5.What is a guard code?

The guard code is generated on the local device through the VSS and AES256 encryption algorithms to assist you in recovering the mnemonic phrase through the password; the guard code is backed up in the cloud after multiple security encryptions.

6. How is the guard code generated?

The guard code is generated through VSS and AES256 encryption algorithms. All encryption keys are only related to the password in your brain; the guard code generates a signature in the local device through your private key, which is used to verify the correctness of the guard code.

7. How is the guard code saved?

The encrypted guard code and the signature value are safely backed up in the cloud server. The cloud server has multiple security protections and multiple backups. Even if the guard code is leaked, it cannot be decrypted. Obtaining the guard code requires multiple verifications to avoid the risk of credential stuffing, library dragging, and leakage. Only you can obtain and decode it for use;

8. How to obtain the guard code?

(1) Preliminary verification by verifying the email verification code;

(2) After hashing the password in your brain, use the public and private key algorithm to generate a random signature value. Only after successful cloud signature verification can you obtain the encrypted guard code;

(3) Only after decrypting the hash value of the password in the brain can the decrypted guard code used to recover the mnemonic phrase be obtained.

9. How to restore wallet?

(1) Obtain the decrypted guard code and signature value;

(2) Use the password in your brain, the last three digits of the address and the guard code to calculate the mnemonic phrase through an algorithm;

(3) Use the signature value to verify the correctness of the mnemonic phrase

10. How to store it locally?

Exactly like other decentralized wallets, it is encrypted and stored in the keystore file.

11. In what environment is the calculation performed?

In a local off-network secure environment.

12. I entered the wrong address, can I still get my money back?

We are very sorry, but due to the characteristics of the blockchain, once the transfer is successful, it cannot be canceled or withdrawn.

This site reminds: Investment is risky, so you must be cautious when entering the market. This content is not intended as investment and financial management advice.