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FX.co ★ Falling bitcoin stops altcoins from surging

Falling bitcoin stops altcoins from surging

Falling bitcoin stops altcoins from surging

Dogecoin (DOGE) has been successfully listed on the crypto exchange and keeps rising in price to the joy of its fans. Despite the obvious success, the currency founder, Billy Markus, said that Dogecoin’s growth was lower than he expected and blamed bitcoin for this. Apparently, the current stagnation of bitcoin has spoiled the picture for other digital currencies. According to CoinGecko, the market capitalization of Dogecoin has reached $55.6 billion. Billy Markus compared bitcoin to a father who has a gambling problem. When he is winning, he buys you toys and is always in a good mood. But when he is losing, he locks you up in a room and even sells your stuff. One of the main advocates of DOGE, Tesla and SpaceX CEO Elon Musk, also commented on the altcoin’s listing. He re-posted his tweet from July 18, 2020 with an image of a dust storm with a Shiba Inu face blowing over the global financial system. “It’s inevitable,” he wrote. Later, Musk posted another picture with Shiba Inu with a comment, “Found this pic of me as a child.” Notably, Dogecoin behaves towards its peers just in the same way bitcoin does in relation to the rest of the crypto market. When it surges, its clones rise as well. Thus, the Shiba Inu coin, which brands itself as the Dogecoin killer, spiked by 11% in just 24 hours. The price of another token that features Akita Inu on its logo has also jumped by 6% overnight.

* এখানে পোস্ট করা মার্কেট বিশ্লেষণ মানে আপনার সচেতনতা বৃদ্ধি করা, কিন্তু একটি ট্রেড করার নির্দেশনা প্রদান করা নয়
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