Thursday, May 6, 2021

Fans of Dogcoin carry forward ‘Dog Day’, while global stocks are declining.


Dogecoin, a cryptocurrency started as a joke, Now has a market value that cannot be laughed at: more than $ 50 billion. On Tuesday, Dogecoin traders were trying to raise the price with a date involving smoking cannabis on 4/20, or April 20.

The hashtags #DogeDay and # Doge420 were trending on Twitter. According to CoinDesk, the price of Dogcoin, which has recently risen, is trading at around 40 cents amid fluctuations between profit and loss. A month ago, it was about 5 cents.

The impact of the boom in crypto markets is being felt far and wide. Coinbase, A cryptocurrency exchange that went public last week and is helping to bring the industry into the mainstream, has a market value of $ 66 billion. Central bank To provide people with a safe alternative to cryptocurrency, plans have been made to detect digital currencies that are beyond their control. On monday Bank of england It was the latest to announce that it is appearing in a central bank digital currency.

On Tuesday morning, cryptocurrency and related stock prices plummeted. Bitcoin fell 1 percent, trading above $ 55,000. Shares in Coinbase and Reit Blockchain were slightly lower in primate trading.



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