On Thursday, May 13, Contestos posted a post to the cryptocurrency community “HODL” (“hold on for dear life” / hold on for fear life) to hold down your DogCoin investment. However, at the time its price was trading at a lower level. Contessoto also posted a screenshot of their cryptocurrency trading app and captioned it – “If I can hodl, you can HODL! (If I can hodl, you can also HODL!) Shibes Unite!”
It can be seen in the screenshot that DogCoin’s holding had fallen by about $ 1.5 million (about Rs 10.98 crore). In early April, he said that his investment had increased to about $ 2 million (about 14.65 crore rupees). Soon after posting, people started commenting on it. One user Kalechi said, “Below 45 thousand but holding.” At the same time, another user StealAllTheInternets wrote, “Below 200 thousand but holding.”
Anticipating the rise in the price of DogCoin, ArnaldoFagiolini wrote, “There are no bad days, the future will be bright. HODL” Another user DogeGodFathe called Contessoto as Legend. The rise of Dogecoin caught the attention of many people earlier this year. The credit goes to Elon Musk, who calls himself the Dogefather. Musk, CEO of Space X and Tesla, also announced recently that Tesla will no longer accept bitcoin as payment. He said that he, along with the developer, is trying to improve the prices of DogCoin. After this, its prices have also seen some upsurge.
There has been a record increase in prices of Dogecoin inspired by the Shiba Inu Dog launched like a meme. This digital asset reached its all-time high price of $ 0.72 (about Rs 52.74) on Saturday 8 May. However, despite its rising prices, experts pointed out the risks of digital currency, saying that the faster its prices go up, the faster it goes down. However, the rise of this cryptocurrency has proved to be a breeze for those who can afford it.
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