and different main cryptocurrencies dropped in worth final week, and all of their drops could be linked. Right here’s a rundown of what occurred to and the newest updates from the cryptocurrency market.
Did Dogecoin drop in value?
Sure. The cryptocurrencyis at present value $0.33. The worth for a single dogecoin was as soon as value $0.74 and hovered round $0.40 within the final week, in accordance with , which screens cryptocurrency values.
Mark Cuban explains Dogecoin drop
lately took to to elucidate why cryptocurrencies fell in the previous few weeks. He mentioned it was an instance of the
- His rationalization is filled with technical jargon about cryptocurrency. However it suggests buyers are pulling out their earnings.
- He mentioned “new cash” will assist carry cryptocurrencies. He used the rocket emojis, which means that “new cash” will ship cryptos to the moon.
Will Dogecoin attain $1?
, the founder and CEO of , mentioned dogecoins will attain $1. She mentioned Dogecoin will attain a market cap of $1 trillion — it’s at present about $44 billion — which might make a single dogecoin value $7 or $8 per coin, in accordance with
- For a coin that’s at present value about $0.30, that’s an enormous leap.
Ta mentioned Dogecoin wouldn’t have the chance to achieve its excessive worth with out Bitcoin there to assist.
Elon Musk tweets about Dogecoin
— who has usually been a supporter of Dogecoin — tweeted about Doge during the last weekend. He tweeted a purple image with the textual content “Cyberviking” and added a caption that mentioned, “how a lot is that Doge within the window?”
That is one other instance of Musk mentioning the cryptocurrency, which might construct hype for the foreign money. Dogecoin depends on social media hype to rise in worth.