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Cryptocurrencies Dogecoin, Ethereum and Bitcoin Crashing

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Comparing Coins,Cryptocurrencies, Dogecoin, Ethereum, Bitcoin

Cryptocurrencies Dogecoin, Ethereum and Bitcoin that made buyer rich overnight are spiraling in a downward trend causing panic among some crypto traders. One day Dogcoin, Ethereum and Bitcoin were on top of the world, making headlines now they are on a downward spiral.

That’s the curse of DogeCoin which, along with Bitcoin, Ethereum and pretty much every other cryptocurrency, that tumbled in value on Monday.

DogeCoin is down more than 30%, to 17.6 cents. That’s a huge fall from its stratospheric high of 70 cents back in April. Bitcoin is at $31,500, a fall of just over 10%, while Ethereum has crumbled 15%. Ether’s fall has affected thousands of altcoins, most of which are built off the Ethereum blockchain and have a chunk of their value weighted in Ether coins. The entire market is down 12%, according to CoinBase.

What’s the reason? China — again. Back in May, Chinese officials reaffirmed an old ban that forbids financial firms from actively aiding in the mining and selling of cryptocurrencies. It caused a big dip, but crypto enthusiasts shrugged that the ban is nothing new, that it had enshrined in 2013 and then sparsely enforced.

Dogecoin ROI

If you purchased a single Dogecoin at the 52-week low of $0.0023 and sold it at today’s price of $0.22, you’d earn around $0.22 for a positive return of 98.99%. If you’d like to start investing in Dogecoin, you’ll need a crypto exchange to get started. Remember, you may have to pay taxes on any gains you realize.

Alternatively, if you purchased a single Dogecoin at the 52-week high of $0.74 and sold it at today’s price, you’d have a negative return of $0.51.

Dogecoin Price Over Time

Dogecoin has fallen by 14.78% within the last 24 hours. Overall, its price today is relatively high compared to its 52-week low of $0.0023.

Over the past week, Dogecoin has hit a high of $0.34 and a low of $0.22.

The cryptocurrency, overall, has crept up during the past three months. Now it’s dropped to its current price of $0.22.

How Many Dogecoin (DOGE) Are There?

There are currently 130,115,982,363 Dogecoin in circulation. There’s no predefined maximum supply.

About Dogecoin

The cryptocurrency that took its name from a once-popular viral dog meme, may have been created as a lighthearted joke. But it’s no joke today. The crypto has exploded in value and gained 305% just within the past 90 days. Here’s everything you need to know about it.

The CTNNews editorial team comprises seasoned journalists and writers dedicated to delivering accurate, timely news coverage. They possess a deep understanding of current events, ensuring insightful analysis. With their expertise, the team crafts compelling stories that resonate with readers, keeping them informed on global happenings.

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