Dogecoin: Cryptocurrency

Use digital token Dogecoin to buy Tesla’s product

By Amit Srivastava

The announcement by millionaire Elon Musk that Tesla, the largest electric car maker in the world will allow people to buy its brand merchandise using Dogecoin is moving one step closer to the acceptance of the digital currency. Not an electric car, but a few products like children's all-terrain motorbikes can be bought using Dogecoin.

Dogecoin is an open-source peer-to-peer digital currency, favored by Shiba Inus worldwide was initially started as a joke. It is also known as the first meme coin.

The trade of Dogecoin witnessed a sharp jump in its price and recovered a 25% rise within 24 hours. Later, it fell back. The announcement has led the discussion worldwide to using the digital token as a payment option.

Industry experts say that popular among people growing to use cryptos for payments. In fact, VISA has recently conducted a survey that revealed small business owners across nine geographies are willing to accept digital currencies as payment methods.

Dogecoin is based on the popular 'Doge' Internet meme and features a Shiba Inu, a Japanese breed dog, on its logo. Dogecoin differs from Bitcoin's proof-of-work protocol in several ways, one of which is by using Scrypt technology.

Crypto Currency

Terra coin sees 9481% rise in a year, Rs 1.1 lakh turns Rs 1 crore

Amit Srivastava

In the last week, the price of popular digital currency Bitcoin (BTC) saw a rise of 1.05% and its current price is Rs 34,83,503 per coin. However, in a month, its price dropped by 11.24%. Among popular coins based on their market capitalization, Ethereum (ETH) saw a drop of 2.01 % during the week, and its price as of January 13 stands at Rs 2,68,697.89. Even during the month, it dropped by around 17.09% during the month. But in a year, it saw a jump of 208%. 

In the last week, Terra (LUNA) saw a jump of 6.02% and around 9481% during the year. It means rs 1.1 lakh invested in Terra turned into Rs 1 crore during the year. Even Polygon (MATIC) saw a jump in its price by 11.7% and around 7092% in a year.

 

Check here the price movement of popular coins based on market capitalization: 

Coins	Weekly % Change	Monthly % Change	Yearly % Change
Bitcoin (BTC)	▲ 1.05%	▼ 11.24%	▲ 20.34%
Ethereum (ETH)	▼ 2.01%	▼ 17.09%	▲ 208.07%
Dogecoin (DOGE)	▲ 7.6%	▼ 11.26%	▲ 1585%
Terra (LUNA)	▲ 6.02%	▲ 29.08%	▲ 9481%
Polygon (MATIC)	▲ 11.7%	▲ 8.08%	▲ 7092%

Electric Vehicle theme

Is buying an electric scooter confusing?

 

By Amit Srivastava

With the entry of a number of companies, electric vehicles are getting popular among people. As many of us have never owned an electric vehicle and do not know much about it. Buying an electric vehicle that fits in the budget and gives a good mileage is everyone’s choice.

At present, most electric vehicles seem a little costly. They are going to be cheaper in the long run with the economy of scale. Like every day a new entrant is making an entry in either manufacturing or as an ancillary, prices are likely to c0me down.

While they are environment-friendly, the government is providing subsidies to manufacturers who will ultimately extend to buyers.

With little information available on electric vehicles, buying the best one can be confusing to some extent, especially when there are several new companies in the market now.

So, here there are basic details of India’s leading two-wheeler companies like Bajaj, TVS and Hero.

Here is the list of electric scooters:

Model	Price	Battery Capacity	Range	Charging time	Top speed
Ather 450X	₹1,32,426	2.9kWh	60 - 85 km	5 hours	80 kmph
Revolt RV 400	₹1,29,463	3.24kWh	80 - 150 km	4.5 hours	80 kmph
Ola S1 Pro	₹1,10,149	3.97kWh	130 - 180 km	6.5 hours	115 kmph
Bajaj Chetak	₹1,47,775	3kWh	80 - 90 km	5 hours	78 kmph
TVS iQube Electric	₹1,15,000	4.5kWh	75 km	5 hours	78 kmph
Okinawa iPraise	₹1,23,000	3.3kwh	160 km (Eco mode)	4 hours	70 kmph
Hero Photon 48V	₹65,464	48 V, 28 Ah	80 - 110 km	5 hours	45 kmph
Tork Kratos	NA	NA	100 km	80% - 1 hour	100 kmph

 

 

Crypto Currency

 Rs 1 lakh invested in cryptocurrency Alien Shiba Inu turns Rs 20 lakh in 24 hours

ASHIB sees 1900 percent rise in a day, around 888 percent in a week

By Amit Srivastava

A highly volatile cryptocurrency market can surprise you or shock you within a day. While the price of Bitcoin is widely discussed, a lesser-known coin Alien Shiba Inu (ASHIB) surprised many of its buyers.

The coin which has been ranked 3356 in terms of market capitalization saw a jump of 1900 percent on Sunday. It means Rs 1 lakh invested turned into Rs 20 lakh within 24 hours. However, it dropped sharply the very next day.

The price of Alien Shiba Inu or ASHIB has increased by 888% in a week. In the last 24 hours, its price increased by 11.71%. The current price is ₹0.311466 per ASHIB. Alien Shiba Inu is 85.97% below the all-time high of ₹2.22.

The sad part is that the coin is not available at all exchanges and in fact, not on any Indian Exchange. Even very little information on this coin is available.

Crypto Currency

 

India’s first index of global cryptocurrencies launched

By Amit Srivastava

IC15, India’s first index of global cryptocurrencies has been launched this week which will track the performance of the top 15 Cryptocurrencies that are listed on crypto exchanges across the world. The index IC15 will track cryptocurrencies based on their market capitalization and liquidity. It is a rule-based broad market index.

A well-known financial content provided TickerPlant’s cryptocurrency app CrypoWire has launched country’s first index of global cryptocurrencies. As per the company, it is a rule-based broad market index by market capitalization that will track the performance of the top 15 most traded liquid cryptocurrencies listed on exchanges across the world.

The top 15 popular cryptocurrencies Bitcoin, Ethereum, Bitcoin Cash, Chainlink, Polkadot, Cardano, Litecoin, Avalanche, Binance Coin, Solana, XRP, Shiba Inu, Terra, Uniswap, and Dogecoin would make in the list.

The base value of the Index has been set at 10,000 and the base date is April 1, 2018. However, at the beginning of the New Year, January 1, 2022, the index open value was 71,463.30 points. It means that the index has already around 600 percent in two years.

The index will be rebalanced after a review four times a year. It will be monitored and following a review on 15 of March, June, September, and December.

As per the CryptoWire, the index will help fund managers as they can track the performance of cryptocurrencies. They can be linked with products such as crypto ETFs and other financial funds. It means that soon there will be a life insurance policy linked with cryptocurrency.

Electric Vehicles Theme

 Top Electric Vehicle charging company shares for a good return

By Amit Srivastava

For the success of Electric Vehicles (EVs), there must be a good infrastructure of charging stations across the country. Like we need petrol and diesel pump to refill vehicles' tanks, we will require charging stations to recharge batteries. 

Most importantly, petrol and diesel-run vehicles can refill their oil tanks within minutes, EV batteries require a longer time to recharge batteries. It means, there will be a demand for charging stations.

So, companies that provide charging infrastructure will be in demand in at least a decade.

As per a report, by 2027, the business of EV charging stations may grow up to $29.7 billion, at a CAGR of approximately 40%.

To promote EVs in the country, the government has decided to set up 70,000 EV chargers across the country in the next few years. Many of the charging stations have already come up in Metro cities.

The charging stations will also come at petrol pumps across the country. As an estimate around 22,000 EV charging stations will be set up at the existing infrastructure of 70,000 petrol pumps. Companies Indian Oil Corporation and BPCL have already pledged to use their outlets to set up 17,000 EV charging centers.

Even EV manufacturing Companies are tying up with startups to set up charging stations.

The top listed companies that will foray into creating charging infrastructure are Tata Power, Indian Oil Corporation (IOC), BPCL, Reliance Industries, NTPC, and Power Grid Corporation.

Electric Vehicles (EVs) Theme

Top multi-bagger battery company shares to participate in EVs theme 

By Amit Srivastava

In the earlier post, I had discussed auto companies planned to foray into electric vehicle (EVs) manufacturing. Now, one of the essential parts of EVs is the battery. At present, all-electric EVs run on ion-lithium batteries. EVs have an electric motor instead of an internal combustion engine, and a pack of batteries in the vehicle is called the heart of the EVs.

Currently, EVs run with Lithium-ion batteries, and it accounts for around 40 percent of the cost of the vehicles. These batteries are expensive components and also determine the worth of the vehicles.

Lithium-ion batteries are lighter than other conventional rechargeable batteries, and it also supplies consistent energy and hold their charge for a long time.

The rise in penetration of EVs will create demand for Lithium-ion batteries. The need for the battery will be more than EVs as old vehicles will be required to change with new batteries over a period. Even companies like Exide and Aamra Raza are eying on government subsidies worth Rs 18,000 crore on producing lithium-ion batteries in the country.

Top companies in Lithium-ion battery manufacturing

Shares/ company	6 months return	1-year returns	Current Share Price (Rs)
Exide	-14.25%	-34.04%	168.20
Amara Raja Batteries	-14.67%	-31%	637
Kabra Extrusion Technik	125.75%	389%	469

The writer is a freelance journalist, based in Navi Mumbai. He can be contacted at amitsri13@gmail.com

(Disclaimer: The article is for educational purposes. Consult your financial advisor before making an investment.)