Dogecoin price picks up, Bitcoin and Ethereum still beaten

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Even on Wednesday, there were no significant fluctuations in the cryptocurrency market. Even today there was a decline in some tokens and an increase in some, but it was not too much. Dogecoin performed very well today and till the time of writing the news this coin was trading at a price of around Rs 33. This was an increase of about 32 per cent from yesterday’s price. Bitcoin has not managed to attract investors even today and till the time of writing the news, this crypto market’s most trusted coin was trading around Rs 28.5 lakhs.

After Dogecoin and Bitcoin comes the turn of Ethereum. This blockchain also didn’t see huge growth. At the time of writing the news, the price of Ethereum was at 2.05 lakhs. Polygon (Matic) was performing very well for the last few days, but it also appeared to be falling today and was trading at Rs 138 till the time of writing the news. Overall today was the name of Dogecoin. Mim Coin performed very well.

The market is also likely to see a positive impact in the coming days, as well-known cryptocurrency exchange Coinbase has partnered with Apple and Google’s parent company Alphabet Inc. can trade. Coinbase says that through this card, people will also be able to buy everyday items with digital currency. Even cryptocurrencies in this will automatically convert to US Dollars.

At the same time, large and major banks in India are still forbidding cryptocurrency exchanges and traders to open accounts. However, the Reserve Bank of India (RBI) has cleared the rumours, making it clear that the payment service cannot be outlawed on the basis of earlier regulatory restrictions. Many banks are asking customers to avoid using a bank account to buy crypto.

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