Latest news with #Dogecoin-focused
Business Insider
2 days ago
- Business
- Business Insider
Dogecoin or Shiba Inu: This Investor Picks the Better Meme Token to Buy (If You Must)
Dogecoin (DOGE) is the original memecoin, a trend that started as a joke and has snowballed to gigantic dimensions. Launched in 2013, the dog-themed token boasts a market cap of over $34 billion and has spurred a host of copycats. Among them is Shiba Inu (SHIB), the most successful in replicating Dogecoin's viral rise, and now a top-20 token in its own right. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. But are they worth investors' time of day? And if so, which one has better prospects? Investor Anthony Di Pizio lays out the case for both and comes down in favor of one over the other. DOGE, being the OG memecoin, might have started life as a bit of a laugh, but has fostered a strong community. The token really took off when it got an endorsement from the world's richest man, Elon Musk. He began publicly backing the meme token in 2019 and continued to promote it over the years with humorous posts on social media, even appearing in a Dogecoin-focused sketch on Saturday Night Live. But after peaking at an all-time high of $0.73 in 2021, Dogecoin crashed by over 90% by mid-2022 and remained stagnant until Trump's presidential win in late 2024. After appointing Musk to lead a new cost-cutting agency dubbed the Department of Government Efficiency (DOGE) – a homage to his favorite crypto – the token surged on speculation of a revival, hitting a 52-week high of $0.47. But momentum fizzled once it was clear Dogecoin wasn't part of the plan. Yet, if the upcoming Clarity Act delivers on its promise of crypto-friendly regulation, meme tokens like Dogecoin could get more use cases. 'Any development that drives sustainable adoption could send it soaring,' says Di Pizio, 'but it's unclear whether that will actually happen.' Shiba Inu followed a different trajectory – but one that was no less explosive. The token made headlines in 2021 with an unprecedented annual return of 45,278,000%, briefly turning tiny investments into fortunes. Created in late 2020, it aimed to capitalize on Dogecoin's momentum and was even branded the 'Dogecoin killer' by hopeful investors. While it lacked a high-profile backer like Elon Musk, its soaring value led to listings on major exchanges, boosting its visibility. However, like Dogecoin, it lost over 90% of its value in 2022 and has struggled to regain relevance, with no real-world utility and extreme volatility making it impractical for payments or as a store of value. With 589.2 trillion tokens in circulation, its rock-bottom price ($0.00001359) reflects an enormous supply – any push to $1 per token would imply a market cap of $589.2 trillion, far exceeding the size of the entire U.S. economy. Is that gonna happen? 'There is no obvious catalyst that could spark another historic rally in Shiba Inu, but like Dogecoin, it could benefit from any deregulatory efforts that pave the way for new uses,' says Di Pizio. So, which one comes out on top? Shiba Inu's massive circulating supply is gradually decreasing, thanks to investors who are voluntarily burning their tokens. Dogecoin, by contrast, has no maximum supply – new tokens are minted each year without a set limit, meaning holders face continuous dilution indefinitely. 'For that reason,' says Di Pizio, 'if I had to invest in one of these meme tokens, I would probably pick Shiba Inu.' That said, at the end of the day, Di Pizio advises investors to steer clear of both tokens. 'The fact that neither of them have reclaimed their all-time highs from 2021 highlights the pitfalls of investing in speculative assets. With no concrete fundamentals to support the value of Dogecoin or Shiba Inu, not only is a recovery unlikely, but they will probably trend lower over the long term. Investors who want some exposure to cryptocurrencies should probably consider an industry leader like Bitcoin instead,' Di Pizio summed up. (To watch Di Pizio's track record, click here) To find good ideas for crypto stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Business Insider
6 days ago
- Business
- Business Insider
Coeptis Announces Merger with Z Squared, Marking Strategic Pivot into Dogecoin Mining
Former biotech company moves to capitalize on altcoin infrastructure, led by Dogecoin-focused mining operations. Coeptis Therapeutics Holdings, Inc. (Nasdaq: COEP) has entered into a definitive agreement to merge with Z Squared, a digital asset mining company focused on Dogecoin (DOGE) and other altcoins. The transaction marks a significant change in direction for Coeptis, which is shifting away from its biopharmaceutical business to focus fully on the cryptocurrency mining sector. As part of the deal, Coeptis will acquire Z Squared's large-scale mining operation, including hardware valued at approximately $660 million, hosting agreements across multiple jurisdictions, and proprietary software systems designed to manage energy use and optimize performance in real time. Dogecoin plays a central role in this pivot. Once known mostly for its origins as a joke, DOGE has since become one of the most visible cryptocurrencies, with a market cap of more than $20 billion and a global user base that remains highly active. For COEP, this visibility—and the volatility that comes with it—offers a chance to participate in an altcoin segment that has often remained out of reach for public market investors. A Shift from Biotech to Blockchain Coeptis plans to spin off its biopharma assets into a separate company, allowing its public-facing entity to focus entirely on digital asset infrastructure. Leadership of the combined business will include David Halabu as Chief Executive Officer and Michelle Burke as Chief Operating Officer. Burke, who previously served as COO of Minting Dome Inc., brings experience in managing international mining logistics and hardware deployment. That experience will be key as the company works across different energy markets and regulatory environments. Z Squared's mining strategy is built around flexibility. Rather than relying on a single facility, it partners with hosting providers in multiple regions to take advantage of favorable electricity pricing and local policy conditions. The company's real-time analytics engine helps it adapt to changing power markets by continuously reallocating hash power and managing power curtailment as needed. Opening a New Lane in Public Markets This merger creates a new option for public investors interested in altcoin infrastructure. While most publicly traded mining companies are focused almost entirely on Bitcoin, COEP's entry into Dogecoin and Litecoin mining offers a different kind of exposure. It's a niche that has drawn growing interest, but until now has had limited availability in the public market. Z Squared has also taken steps to address operational pressure points. The company has built internal logistics and repair capabilities that help reduce equipment downtime and extend the lifespan of mining rigs. This approach lowers capital costs and creates a more durable infrastructure in a competitive space where margins can shift quickly. With this merger, COEP is positioning itself to serve a part of the crypto ecosystem that continues to grow in relevance but has been underserved by public market offerings. The move is both a break from its past and a bet on where digital infrastructure is headed next. About Coeptis Therapeutics Holdings, Inc. Coeptis Therapeutics Holdings, Inc. (Nasdaq: COEP) is a biopharmaceutical and technology company advancing cell therapy platforms for cancer, autoimmune, and infectious diseases. Its pipeline includes clinical-stage and preclinical assets, such as DVX201 and SNAP-CAR, licensed from Deverra Therapeutics and the University of Pittsburgh. In parallel, Coeptis has established a Technology Division focused on operational enhancement through AI-powered marketing and automation tools. Headquartered in Wexford, PA, the company is currently transitioning its business model through a proposed merger with Z Squared to enter the digital asset mining sector. Contact
Business Journals
28-04-2025
- Business
- Business Journals
Coeptis to acquire Dogecoin miner Z Squared
Story Highlights Coeptis Therapeutics will merge with Z Squared, a Dogecoin mining company. Coeptis will spin off its biopharmaceutical operations into a separate company. David Halabu will become CEO of the new Dogecoin-focused company. Wexford-based company Coeptis Inc. will merge with a digital mining company and spin off its biopharmaceutical operations into a separate company after the deal is complete. The merger agreement calls for Coeptis to acquire Z Squared Inc., a Dogecoin mining company with Z Squared shareholders receiving Coeptis equity in exchange for 9,000 Dogecoin (DOGE) mining machines. That will lead Coeptis to spin out its biopharmaceuticals into a separate and unrelated company and the remaining company will be known as Z Squared Inc. and focus on mining Dogecoin and other digital assets. 'We are excited to take this step towards our goal of creating the largest publicly traded company in the United States primarily focused on Doge mining,' said David Halabu, CEO of Z Squared who will become CEO of the newly created company. The new company also plans to be listed on the Nasdaq capital market. Coeptis, which was founded in 2017 to develop cell therapies to treat CD38-type cancers, went public Oct. 31, 2021, when it completed a special acquisition corporation merger with Bull Horn Acquisition Corp. The company has been developing those technologies while also working in other areas, including a rebranding in January as Coeptis that involved blockchain and AI after the company did a reverse stock split in December and regained more than $1 a share to remain on the Nasdaq stock exchange. Dogecoin is an open-source peer-to-peer digital currency that employs blockchain technology. It was created by two software engineers in 2013 by what the Dogecoin website calls an 'accidental crypto-movement.' The market value as of Monday is 18 cents per Dogecoin. That's up from 0.0025 in May 2020, according to Google Finance. "We're proud of our strategy to bring retail and institutional audiences alike in the public markets a focused exposure to a DOGE asset that currently has over $20B in market capitalization,' said Halabu. "We believe we have assembled a stellar team that has the requisite expertise and infrastructure." Also part of the executive team will be Michelle Burke, who had been CEO of digital asset miner Minting Dome, as COO. Coeptis President/CEO Dave Mehalick will be leaving the new company's board of directors when the deal closes. "We are excited to bring this opportunity to our shareholders to become involved in the Dogecoin market space, while at the same time being able to remain involved in our biopharmaceutical operations as a result of the contemplated spin out of those operations at closing," Mehalick said in a statement. "I've been deeply engaged in the evolution of blockchain infrastructure and am aligned with the direction the new leadership intends to take the Company." Coeptis has grown over the last several years, licensing cell therapies from Devarra Therapeutics in 2023 and reaching licensing agreements in 2022 and 2023 with the University of Pittsburgh over technology platforms that develop treatments with cancer. The first, reached in May 2022, focuses on SNAP-CAR-T cells that target multiple antigens within the body. The second agreement in October 2023 extended the partnership to include a platform that will help develop NK, or natural killer, cells to treat cancers. It also launched an innovation arm named GEAR Therapeutics in March.
Yahoo
25-03-2025
- Business
- Yahoo
Bitcoin Reserve? No, 'House Of Doge' Just Launched A Dogecoin Reserve Valued $1.83 Million
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A newly launched reserve of 10 million Dogecoin (CRYPTO: DOGE), valued at approximately $1.83 million, has been established to advance the cryptocurrency's use in real-world payments. What Happened: The initiative, spearheaded by House of Doge, a newly formed organization dedicated to expanding Dogecoin's adoption through business partnerships and integrations, aims to position DOGE as a mainstream payment tool for consumers and merchants alike, Decrypt reported on Monday. Don't Miss: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum. Hasbro, MGM, and Skechers Trust This AI Marketing Firm — Invest Pre-IPO from $0.55 per share. Unlike traditional reserves such as the strategic Bitcoin reserve, which are primarily used as financial hedges, this Dogecoin reserve will serve as a liquidity pool to ease and support transactions across a global network of businesses. "House of Doge is laying the groundwork for a robust payments ecosystem designed to deliver liquidity and reliability," said Michael Galloro, a board-elect member of House of Doge. "The reserve helps ensure that Dogecoin can be used practically for daily purchases by smoothing transaction processing times." The reserve is intended to address blockchain-related delays, which House of Doge sees as a barrier to the widespread use of digital assets in retail liquidity, the organization plans to implement loyalty programs and offer incentives to merchants that accept DOGE. An official announcement of its first major partnership is expected in the near future. Dogecoin has been gaining increased recognition in financial markets. Asset managers like Grayscale and Bitwise have recently filed for Dogecoin-focused exchange-traded funds (ETFs), reinforcing the meme coin's growing legitimacy. What's Next: Further expanding its cultural footprint, Dogecoin's famed Shiba Inu (CRYPTO: SHIB) mascot will soon appear on the helmet and car of IndyCar driver Devlin DeFrancesco during the upcoming Indianapolis 500. Read Next: This platform is reshaping how you invest in private companies — and you can be a part of it for $0.18 per share. It's no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here's how everyday investors are getting started. Image: Shutterstock This article Bitcoin Reserve? No, 'House Of Doge' Just Launched A Dogecoin Reserve Valued $1.83 Million originally appeared on Sign in to access your portfolio
