On April 9, Dogecoin cryptocurrency lost more than 13% of the total value. The fall was quite unexpected, since before that the coin showed active growth. According to the CoinMarketCap market information provider, the value of the coin is $ 0.002835.
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The fall of the Dogecoin cryptocurrency
Today, the DOGE tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details has lost 13.06% of its value. The price of cryptocurrency fell to $ 0.002835. At the same time, four days ago the coin rate was $ 0.003883, which signified a 16% increase.
Now, the price of an asset in relation to Bitcoin also fell by 12.33% and is equivalent to 0.00000054 BTC. The total capitalization of DOGE tokens is equal to $ 337 million, which is equivalent to 64,725 BTC, and the average daily tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details volume has stopped at around $ 57 million (11,120 BTC).
According to the price volatilityVolatility
– is a financial term that means a statistical indicator of price change. In the cryptocurrency world, it is used by traders as an indicator for managing financial risks. That is, it is a measure of trade risk and as a financial analytical tool for gambling. Details chart, the price of Dogecoin began to fall slowly from April 7, increasing the rate of the collapse of the course on the evening of April 8th. Now, the cryptocurrency is most actively exchanged on the BitForex exchange (almost 9% of total transactions), most often altcoinAltcoin
– are the common name for all cryptocurrencies (except Bitcoin).Details is exchanged in the DOGE/USDT trading pair at a closing price of $ 0.002760.
Interesting in the section: The secret of the popularity of Dogecoin
Dogecoin crypto-coin collapsed more than 13% in 24 hours. Recall that on April 2, Elon Musk, a well-known engineer and entrepreneur, said that Dogecoin could be his favorite cryptocurrency. It is assumed that the heightened attention to the asset after such an "advertisement" affected the price increase on April 4.
Editor: Godfrid Brower