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Dogecoin Price Prediction After 28% Decrease: Expert Warns Rough Days for Cryptocurrency
Dogecoin took a massive hit Wednesday, falling steeply at 45 percent from 48 cents to 21 cents in just a 24-hour period.
Photo : Tech Daily/Unsplash
Dogecoin took a massive hit on Wednesday, falling steeply at 45 percent from 48 cents to 21 cents in just a 24-hour period. It came amid a wide sell-off due to China s announcements its financial institutions would continue to ban trading cryptocurrencies. It ended 28 percent lower, to around less than 36 cents.
In a CNET report, the China Internet Finance Association said the country s financial institutions will not be allowed to engage in cryptocurrency trading due to the volatile nature of the digital coins. This is consistent with a similar 2017 ban on the tokens that also led to an enormous Bitcoin sell-off.
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