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Elon Musk explains why he prefers Dogecoin to Shiba Inu

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Elon Musk explains why he prefers Dogecoin to Shiba Inu

Comparison of Dogecoin to Shiba Inu is still underway in the market, but Elon Musk believes that DOGE is still better.

Elon Musk is a fan of Dogecoin and even bought a dog of this breed. Shiba inu, named Floki to symbolize his passion for coin memes. However, this love has already sparked the appearance of several coins on the market, as the billionaire admitted that he has this admiration.

One of them is Shiba Inu (SHIB), which presents itself as a replacement for Dogecoin, which operates as a token on the Ethereum network. Even though there are disputes between these currencies on several fronts, DOGE continues to struggle to improve its means of payment.

Dogecoin Creator Highlights Currency Power And Elon Musk Accepts Statement

Dogecoin creator Billy Markus stated on his Twitter that Dogecoin is the best currency for transactions due to the low fees charged by the network. In the comparison image, he said that while DOGE delivery costs next to nothing, Bitcoin costs an average of $ 3.50 and $ 54.00 in SHIB.

“Dogecoin’s low fees make it ideal for all types of transactions.”

The high cost of sending Shiba Inu is due to the fact that this token is on the Ethereum network, which today is one of the worst on the market for sending values. By paying $ 54 per transaction, you will spend about R $ 300 sending money over the Internet, which in many cases makes it impossible to use this network, especially if it is a small amount.

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After the publication of the Dogecoin co-founder, Elon Musk Curtiu This is a Twitter post showing support for the idea of ​​using DOGE as a means of payment.

Over the past few days, Dogecoin has released a new update that has made sending values ​​over the network even cheaper. This action led to a big problem for the broker. Binancebut for netizens in general, everything was very positive.

It is worth remembering that Elon Musk may be looking to purchase Tesla vehicles with Dogecoin, which could make this currency the legal tender for his second-listed company that sells used Tesla vehicles to make a move. as BTZI already accepts payments in this currency a few months ago.

For the Shiba Inu community, this is another reminder of the importance of using a use case, which in the case of this coin is far from being a means of payment.

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Economy

House valuations fell by three euros, and the number of orders fell in three months | Frame

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House valuations fell by three euros, and the number of orders fell in three months |  Frame

The average value of the bank’s valuation in August was 1414 euros, which is three euros less than in the previous month, which indicates a slight slowdown in the value of houses in the context of new loans. This sign is accompanied by two other signs of slowdown, one is the year-on-year growth of 15.8%, down from the 16.1% recorded in June, and the other is the number of evaluation requests that have bounced back. the fall.

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Economy

The Lightyear 0 continues to break records and become the most aerodynamic car in the world…and it’s powered by solar energy.

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The Lightyear 0 continues to break records and become the most aerodynamic car in the world...and it's powered by solar energy.

The Lightyear 0 never ceases to amaze: in tests conducted in Germany under the WLTP homologation cycle, the electric car, which can also be powered by solar energy, scored 0.175, the lowest score of any production car in history. But this is not an absolute record.

Lighter assured that the result is surprising even for engineers who expected a value of about 0.19. Ario Van der Ham, the company’s technical director, admitted: “We are very proud of this result. We started from scratch when we began to study the machine and its technologies. We’ve put a lot of effort into this.”

The Lightyear 0 managed to beat the previous record set by the 1996 GM EV1, which was 0.19. For example, the two most aerodynamic cars sold today are the Mercedes EQS and Tesla Model S, with claimed values ​​of 0.20 and 0.208, respectively.

However, if we also take concept cars into account, the Lightyear 0 is not the most aerodynamic car – the Mercedes Vision EQXX, introduced this year, scored 0.17 points, while the JCB Dieselmax, a prototype built to set the speed record in category of diesel vehicles. , it had a coefficient of 0.147.

946 examples of the electric sedan were produced, just over 5 meters long, capable of covering almost 625 km on the WLTP cycle thanks to a 60 kWh battery, a 170 hp electric motor. and solar power, which on its own, according to the Dutch manufacturer, it can travel up to 70 km a day.

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With a base price of 250 to 300 thousand euros, this model is clearly beyond the reach of any budget. However, after 0, Lightyear is already working on a more affordable entry-level model, which has a list price of around 30,000 euros and is scheduled to launch in 2026.

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Economy

Wall Street lives West Side Story and closes in the red. Yield on debt close to 4% – Stock Exchange

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Wall Street lives West Side Story and closes in the red.  Yield on debt close to 4% - Stock Exchange

Wall Street ended the day in negative territory, wiping out the brief and cautious recovery seen early in the session led by tech companies.

The global monetary tightening movement and the possibility of a recession, marked by statements by several members of the US Federal Reserve (Fed), together with the turmoil in the UK markets, sent three major US indices into the red.

The industrial Dow Jones lost 0.93% to 29,313.26 points, while the S&P 500 fell 0.88% to 3,660.76 points. The Nasdaq Composite Technology Index fell 0.47% to 10,816.59. The “sale” that was felt at the end of last week continued this Monday.

Investors digested the Bank of England’s announcement that, hours after the pound’s fall to historic lows against the dollar, it assured that it “would be hesitant in changing interest rates.”

In turn, several members of the Fed uttered the words with a “hawkish” tone. The central bank president in Boston stressed the need to continue the path of tightening monetary policy to curb inflation.

Susan Collins also warned that the process would require the loss of some jobs. Atlanta Fed Chairman Rafael Bostic also warned that the central bank still has a long way to go to control inflation.

“This is like a West Side Story remake with a gang of central bankers chasing a job market that refuses to give up,” joked Mike Bailey, director of research at FBB Capital Partners, in an interview with Bloomberg.

For an expert”[Jerome] Powell E [Andrew] Bailey’s are trying to slow down the economy, but I feel that employers are trying to keep as many workers as possible. “So we are almost dealing with a fight between central banks and employers,” he added.

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In the debt market, US 10-year bond yields rose 21.3 basis points to 3.898%, very close to the 4% threshold last hit in 2010.

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