THE FED CRASHED DOGECOIN!! CRYPTOCURRENCY LATEST NEWS & PRICE PREDICTIONS!

THE FED CRASHED DOGECOIN!! CRYPTOCURRENCY LATEST NEWS & PRICE PREDICTIONS!

* THIS VIDEO IS NOT FINANCIAL ADVISE & FOR EDUCATIONAL PURPOSES ONLY!

While Bitcoin is indeed incredibly energy intensive, and this raises concerns among investors, there are other cryptocurrencies that are more energy efficient than Dogecoin. Ethereum is already the second most popular cryptocurrency after Bitcoin, and its energy efficiency could give it a big advantage over Dogecoin.

For cryptocurrencies like Dogecoin, Shiba Inu, or Baby Doge Coin, social media hype determines their prices. The share price of Dogecoin, a digital currency known as cryptocurrency, rose at a time when the value of bitcoin fell. Dogecoin's value is dropping after a record rally as it hit new highs. The Dogecoin price has fluctuated between $ 0.26 and $ 0.16 for several months after rising to $ 0.74 on May 8, which has reduced trading volumes as new coins such as the Shiba Inu coin, nicknamed the killer Dogecoin, came out on the scene of cryptocurrency memes.

After fluctuating between $ 0.16 and $ 0.18 in the past few weeks, on Tuesday (December 14), the Dogecoin price jumped from $ 0.159206 at 10:33 to $ 0.198599 at 10:40 am after Elon Musk's announcement of Tesla payouts Dogecoin. on Twitter. Tesla will make Doge merchandise available for purchase, and we'll see how it goes, Musk tweeted after a poll in which 78% of his followers said he should. In May, Musk asked users if they wanted Tesla to accept Dogocoin in a Twitter poll.

But it also sparked controversy, calling dogecoin a bustle during a guest appearance on SNL that same month. Musk, who has over 66 million Twitter followers, has been very busy with retail this year, tweeting about cryptocurrencies and helping to raise their prices. Musk has become one of the largest drivers of cryptocurrency movement this year; his tweets have often caused volatility in the prices of the coins he mentions.

Dogecoin started out as a joke in 2013 and has since become a major digital asset. Baby Doge Coin is up 4.376% in the past 26 days and has a current market cap of $ 324 million. This isn't the first time Musk has jumped from one meme coin to another. Markets assess Elon Musk's role in cryptocurrency turbulence

Elon Musk says he does not and will not sell dogecoins May 21, 2021, 07:53 IST Elon Musk tweeted numerous comments about cryptocurrencies this year, leading to price fluctuations. Dogecoin's growth has been heavily influenced by Elon Musk, CEO of Tesla and SpaceX, whose tweets have repeatedly raised the price of the cryptocurrency. Dogecoin (DOGE) prices rallied but did not rise sharply after receiving yet another approval from Tesla CEO Elon Musk on Twitter on July 1.

At the time, the DOGE / USD exchange rate rose to its all-time high of $ 0.76. This had an immediate impact on the market: the value of most cryptocurrencies fell, but in the last 24 hours (10:00, May 14), the value of Dogecoin has risen by 27.48%. Dogecoin, after seeing its price skyrocket in January due to trade restrictions imposed on so-called meme stocks, entered the top 10 cryptocurrencies by value thanks to the backing of Elon Musk and other high-profile investors and influencers. At INR, Dogecoin is priced at over Rs 41 (at the time of writing), up from the mid-30s it peaked last week following the release of Musks Saturday Night Live.

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