The world's largest cryptocurrency Bitcoin is struggling below $50,000 after it was abruptly turned away by Elon Musk saying that Tesla would stop paying in BTC earlier this week.
There is no scarcity
Bitcoin was created to solve the flaws in the current financial system
Driven by the unwavering support of Elon Musk, the Dogecoin cryptocurrency has been consistently breaking all price limits over the past few months. This cryptocurrency, described by its founders as a joke, has increased by +13,500% since the beginning of 2021.
The massive currency inflation
Driven by the unwavering support of Elon Musk, the Dogecoin cryptocurrency has been consistently breaking all price limits over the past few months.
Dogecoin has been running stably and the rules of the network have not changed in a way that could pose a risk
Dogecoin lacks technical development
Within minutes, DOGE price then rallied +30% to get back above $0,5 from under $0,4. It seems that Elon Musk is very interested in creating pump & dump movements in DOGE price.
- 10,000 new DOGEs are released every minute
- 14,4 million new DOGEs are released every day
- 5,2 billion new DOGEs are released every year
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