Mastiff Abandoned almost all of its post-electoral earnings after having increased in value after November 5 victory From the friendly president of the Crypto Donald Trump.
Coindecko data shows That the room – the eighth largest in space – now exchange hands for just over $ 0.20 POP, after dropping $ 0.197 earlier Wednesday afternoon.
Among the 20 main digital documents and tokens by market capitalization, Dogecoin is actually linked with Solara As the biggest loser last week, the two losing more than 19% of their respective value. During the last day, DOGE fell by 3%.
On the day of the US elections, Dadecoin was exchanging for just over $ 0.17, but quickly exploded after President Trump won.
He reached a summit of $ 0.48 in December, but has now dropped and lost most of his post-electoral gains. And the OG coin It still has a long way to go until it beats its highest in 2021 by $ 0.73.
The open interest in the room has also denounced and is currently $ 1.87 billion, according to in Coréglass. The number refers to the combined value of the trades betting on the future price of the asset. Dogecoin’s open interest in January has reached a record brand of $ 5.25 billion.
Dogecoin was once a piece of dark memes – a cryptocurrency based on an internet meme – which was created as a joke in 2013.
But Tesla and SpaceX Boss Elon Musk started to tweet About the assets ago years ago, which helped him win a much larger audience, quickly exploding in market capitalization and coming A “serious” cryptocurrency.
Since then, he has dropped of value, but still sees a high volume of substantial negotiation – more than $ 2 billion has changed hands in Doge in the past 24 hours, says Coingecko.
The drop of the play occurs while the memet tokens based on Solana and Solana plunge into value while the whole market of cryptography take a blow. Investors frightened by parties in the same part, Trump’s commercial prices and inflation quickly emerge from their cryptographic positions.
Mastiff Make a return Last year, Musk declared on the campaign track that Trump would allow him to create a government department that shares his name with the play of the play: DOGEor the government’s ministry of efficiency.
But it should be noted that the richest man in the world, who now has a leading position in Trump’s administration, admitted That he is “not actively involved in the crypto”.
“I do jokes and things from Dogecoin because I like Dogecoin a little,” he said in October.
Edited by Andrew Hayward
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