Learn what Elon Musk said, causing Dogecoin rates to fall by more than 40%

New Delhi. Cryptocurrency Dogecoin has given excellent returns to investors in the last few days, but in the 24 hours between 8 and 9 May it has recorded a price drop of around 40%. . It is believed that such a sharp decline within a day is attributed to a statement by Elon Musk (CEO Elon Musk), the founder and CEO of Tesla, an American company that manufactures e-vehicles and his mother Maye Musk. is. On the occasion of Mother’s Day, Elon Musk said on May 8, 2021, that is, on Saturday night’s live TV show, that he was giving dogguin to his mother in a gift. However, when her mother May Musk came on the TV show, she said that she is very excited about the gift of Mother’s Day. However, I hope he will not be a dogquin. On this, Elon Musk said that it is dogquin. After this, the price of this cryptocurrency saw a sharp decline. According to Coindesk, at 6:30 pm on May 9, 2021, the price of a dogquin was $ 0.44. On this basis, the price of dogquin has fallen by 40.64 percent in the last 24 hours. Elon Musk’s favorite cryptocurrency Dogquin has registered a jump of more than 130 times this year. read this also- Gold price: 9015 rupees from alltime high even after the boom, know how the trend can be in 2021 Jokingly, two software engineers startedDogquin was started as a joke, but due to social media and memes, today it has become one of the popular cryptocurrencies in the world. DogCoin was jokingly introduced in 2013 by software engineers Billy Markus and Jackson Palmer. Investors’ enthusiasm for DogCoin can be gauged from the fact that one of the world’s most popular trading platforms, RobinHood, crashed due to its quick booking. WazirX, the largest cryptocurrency exchange in India, was also down for some time due to this reason. read this also- 2118 bank branches closed till now after merger, check which banks are included in this list The price of dogquin was also increased by a tweet by Musk.
Elon Musk posted a photo of Dogue magazine on his Twitter handle, showing a dog wearing a red sweater. Due to this there was a sharp jump in the price of Dogquin. After this, Musk made several tweets in support of Dogquin during February 2021. He wrote only Doge in a tweet made in December 2020. Due to this, there was a 20 percent increase in its price. Then he wrote ‘Dogecoin is the people’s crypto’. In the next tweet, he wrote ‘No highs, no lows, only Doge’. After this the price of this cryptocurrency had jumped from 3 cents to 5 cents. read this also- The market cap of the top 8 companies increased, TCS benefited the most This is how Indian investors can buy DogCoin Till 2018, buying and trading of cryptocurrencies was not allowed in India. In 2018, the Supreme Court gave a decision in favor of the purchase and sale of Kiptocracy. Thereafter, the business of cryptocurrency in India increased rapidly. Now in India, investments can be made in DogCoin through exchanges like Coinswitch Kuber, WazirX, CoinDCX. Let us know how Indian investors can invest in DogCoin … >> Install Indian Crypto Exchange like Coinswitch, WazirX, CoinDCX, Bitbns or Zebpay that deals in Kiptokernies. >> Before selecting an exchange, do a thorough investigation about it. >> Create your account after verifying KYC. >> Put your bank details and UPI details on the app. After getting the bank details and UPI registered, add money to the exchange. >> After depositing the money in the exchange, you can use it to buy DogCoin or any other cryptocurrency.

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