Dogecoin price in india

The problem with such correlations is that they tend to follow the same negative, as well as positive, path. Given this, when the price of Shiba Inu started to fall, Dogecoin followed suit with the expectations that both of these assets would go in the same direction. Dogecoin down In one SNL sketch, Musk, appearing as a fictional cryptocurrency expert, was asked to explain what exactly dogecoin is, and after some jovial back and forth, Musk's character admits the whole thing is a "hustle."

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"A 6%-10% daily price change is not something extraordinary for bitcoin, given the crypto market's relatively small size than traditional financial markets. Also, we don't see deleveraging in the market; crypto traders are continuing to take an elevated risk. For this reason, we might see an even higher volatility in the near future." Why Is Bitcoin (BTC) Down Today? The resurgence is a stark juxtaposition to the lingering uncertainties that have plagued the sector since the dramatic collapse of crypto exchange FTX last year, culminating in founder Sam Bankman-Fried's November conviction on seven counts of fraud. Additionally, just last month, Binance, the world's largest cryptocurrency exchange platform, agreed to a $4.3 billion settlement, acknowledging its infringement of U.S. laws related to money laundering and sanctions violations. CEO Changpeng Zhao pleaded guilty to a federal charge in connection with the case.

©2023 CoinDesk British Pound Sterling The further out you try to predict prices for crypto, the less accurate the predictions become. However, Changelly offers a maximum price prediction of about $0.629 for dogecoin in 2028. Coin Price Forecast is again less optimistic but still positive in the long-run, with a prediction of just over $0.10 per dogecoin by the end of 2028.