-0.8 C
New York
Monday, June 21, 2021
HomeGadgetsIs Dogecoin Stable Again? Know Latest Price in India

Is Dogecoin Stable Again? Know Latest Price in India


Dogecoin has been the Internet’s favorite cryptocurrency in recent months. The price of the new mime currency has seen a huge increase. But things suddenly changed after it peaked around the beginning of this month and the currency has been falling in value since then. The recent crash in the crypto market pushed the price of this coin back several months, but after that there was a slight increase in the price of Dogecoin. Dodgecoin has since appeared to be stable for the past few days. So has Dodgecoin stabilized again or will it still continue to fluctuate?

Dogecoin hit an all-time high of $0.74 in the first week of May (at that time the price of Dogecoin in India was Rs 54.06), but has declined over the past two weeks. The recent crypto market crash affected Dodgecoin as well as other cryptocurrencies – for example, the bitcoin price in India fell to Rs 25,34,271 earlier this week . At the same time, in April, bitcoin was at an all-time high of Rs 48,79,220. Dodgecoin too had fallen nearly 50 per cent from its all-time high on 23 May and was trading at Rs 21. However, since then the prices of both of them have increased slightly and till the time of writing the news they were trading at Rs 27,07,000 and Rs 23.30 respectively.

Now the big question for every investor is, is Dodgecoin stable? After seeing a drop of 50 percent, this coin has now gained about 5 percent. This coin reached its low level after the May 23 crash and since then this coin appears stable on Coindesk charts and has been climbing at a very slow pace.

With the stability shown by Dodgecoin over the past few days, it is difficult to say whether the coin will perform as before, but its price has reached its pre-money momentum in April. Tech billionaire Elon Musk enjoys raising the price of Dodgecoin through his tweets and his tweets can also be attributed to this increase. Tesla and SpaceX CEOs began tweeting about it in February, when the meme currency was unknown and all attention was focused on the world’s largest cryptocurrency, bitcoin.

Dogecoin saw an increase of 50 percent due to these tweets. The market crash certainly affected all crypto tokens, including Dodgecoin, but the news of Musk working with Dodge’s developers on system transaction efficiency has kept the coin stable. Musk also says that he will continue to support all cryptocurrencies, as they have the potential to become the currency of the future.



Is Dogecoin Stable Again? Know Latest Price in India
Kiran Morehttp://mytechspark.com
Hello friends, I am Kiran More, Technical Author and Co-Founder of mytechspark . Speaking of education, I am an BCS (Bachelor of Computer Science ) Graduate. I am also a youtuber our site provide fresh tech news ,unboxing ,new smartphones and Gadgets News and much more . So Stay connected with us. 😀

Most Popular

Most Popular