When we talk about any cryptocurrencies we can not help but talk about how volatile these currencies are. Cryptocurrencies are something that keeps changing very often. However, when we talk about Dogecoin in specific there is something worth discussing. So, what are these things? Well, as for one you should know that this is the newest crypto. And because of that, it is most volatile as we speak.
Dogecoin Upcoming week prediction is something that everyone wants to know. One week ago if you had asked an expert about the rates of dogecoin he would have said that it is going to touch the sky in a few years. But the opposite is happening. So, what exactly the dogecoin has in stores for us. In this article, we will try to explain things related to Dogecoin. Also, we will tell you predictions about its exchange rates.
Dogecoin Upcoming week prediction for April 2021
If you follow the news about cryptocurrencies you must know that the exchange rates of dogecoin are going down pretty fast. Not only Dogecoin but Bitcoin is also fell pretty bad. So, what happened to all the predictions made by those experts. We are no experts but here we will try to decode why the value of Dogecoin is falling pretty rapidly. We will also try to make Dogecoin Upcoming week prediction.
As of now, we know that Dogecoin is endorsed by many Hollywood celebrities. The most prominent figure promoting Dogecoin is Elon Musk. At the starting of 2021 market value of Dogecoin was more than 10 billion USD. But due to the constant fall in the exchange rates, it has become 7 billion USD. The decrease in the market cap is more than 5%. While this news is disturbing for some people some are happy.
But that is not exactly bad news. The fall in the total market cap has led to an increase in the volume of Dogecoin. As of now the total volume of Dogecoin is more than 3 billion USD. There is a nearly 7% growth in the volume of Dogecoin.
Market Cap, Volume VS Exchange Rate of Dogecoin.
So, in order to make Dogecoin Upcoming week prediction very accurate, we will have to take it all into consideration. As of now as we write this post Exchange rate of one Dogecoin is $0.05892. When we compare it to the bitcoin it is 0.0000009904 BTC for one Dogecoin. There is a 6.9% drop in the exchange rates compared to the last month.
The highest exchange rate that Dogecoin has obtained this month is $0.07011. So, according to our experts, the rates are only going to rise. So, if you are someone who has invested in Dogecoin you do not have to worry about your money.