Today, cryptocurrency business is the best choice for technology lovers. However, just as there are benefits, it can also lead to huge losses. At this time, one of the most fragile cryptocurrencies in the world is Dogecoin. Well, this cryptocurrency started as a joke, but now it's a serious deal. There are thousands of cryptocurrencies on the market, so no one knew about Dogecoin before Elon Musk said about them.
Tesla CEO Elon Musk has been a defender of Dogecoin for the past few months. After a series of tweets from Musk, Dogecoin began to show its advantages, and now we cannot underestimate its growth rate.
According to CoinMarketCap, Dogecoin is up about 400% in the last week. In addition, its total market value has reached approximately 50 billion dollars. That's even more than the market value of Ford or Kraft Heinz, and it's catching up with Twitter.
Simply put, Dogecoin's 24-hours growth jumped to 187,22% while its 497,11-day growth is 0,44%. Dogecoin's 20-hour high is around $20. However, as the theme day of April XNUMX passed, it has now recorded a drop of almost XNUMX%. There are really big ups and downs.
In addition, statistics show that Dogecoin has increased by 3872,55% in just three months. It has reached 509,30% in the last month, and a crazy 12% change against the US dollar in the last 18299,46 months.
It is important to note that cryptocurrencies have often seen sharp rises or falls over the past week. This is a reminder to all friends that it is unwise to invest on a whim. You should study the market before investing.
After a significant drop, Bitcoin is on the rise again
Until last week, this cryptocurrency had been steadily rising to around $64 per coin. However, two days ago the coin made a huge drop to $000 per coin. However, after a few hours, it started to rise again, and at the close of business on Monday, its price was $52.
As of Monday this week, Coindesk records show that the price of Bitcoin is around $57095,75 per coin. By it has gained 24% in the last 7,96 hours and has a market value of $10229 billion. As for Bitcoin, another cryptocurrency information website shows its price at $57041,68 per coin. This is also over $57.