About 85 pc of world’s cryptocurrencies are not even worth a cent: Report
About 85 per cent of the world’s cryptocurrencies are worth less than one cent, according to a report on Monday.
Cryptocurrencies, Dogecoin and Ethereum soared on Tuesday to hit a new all-time high amid a crypto market frenzy, reports stated.
The meme-based cryptocurrency Dogecoin (DOGE) was trading 37.34 per cent higher at $0.532089 at IST 06.15 p.m. Similarly, Ethereum (ETH) was at $3,484.83, up by 10.50 per cent during the same time.
Advertisement
On the other hand, Bitcoin continued to recover from its late April crash—when it tumbled to $48,000. The cryptocurrency was trading 4.15 per cent lower to $56,237.86 at the time of reporting.
Advertisement
Reports suggested the surge in Dogecoin prices is the outcome of Tesla Inc CEO Elon Musk’s remarks on microblogging platform Twitter that “the DOGEFATHER” would “definitely” feature in the comedy and variety show, Saturday Night Live (SNL).
https://twitter.com/gshenanigans1/status/1388611883503128581
This buzz has pushed investors to buy more DOGE in anticipation of the SNL show, which is scheduled to be broadcasted on May 08, hoping that the tech mogul will talk about Doge and pump up its value.
Advertisement
Related posts
Bitcoin jumps over 3% despite sell-off events; Ethereum, Altcoin XRP surge
BTC has experienced high traction among investors due to increased inflows and positive sentiments following an assassination attempt on US presidential candidate Donald Trump.
Popular dog Kabosu, who inspired cryptocurrency Dogecoin & Shiba Inu, dies
Popular Japanese dog Kabosu, who became the face of the cryptocurrency DogeCoin and Shiba Inu, died on Friday at the age of 18 years.
