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Surge in new users and interest in Dogecoin led to slow trade execution: Nishcal Shetty of WazirX


Surge in new users and interest in Dogecoin led to slow trade execution: Nishcal Shetty of WazirX
12 hours ago
Servers of domestic crypto-exchange major WazirX are under pressure due to heavy trading activity in Dogecoin, a crypto-currency token that has been gaining considerable adoption in the last few months.
The price of Dogecoin, a meme crypto-currency, has been surging in the last few weeks ahead of Tesla CEO Elon Musk’s debut Saturday Night Live appearance. Musk is a prominent investor in DOGE, the crypto token. On May 05, the price of Dogecoin surged to a record high of $0.6 from $0.3 at the start of the month, according to Coinmarketcap. And its market value shot up to $78 billion as of May 06 from around $40 billion on May 01, 2021. ....

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