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Cryptocurrency prices today: Bitcoin, ether, dogecoin fall; Polygon surges over 5%

In cryptocurrencies, Bitcoin price today was trading below the $19,000 mark. The world’s largest and most popular cryptocurrency was trading at $19,925, down more than 3%. The global cryptocurrency market cap today was below the $1 trillion mark, as it was down more than 3% in the last 24 hours to $928 billion, as per CoinGecko.

“After following the recent run last week, Bitcoin and Ethereum fell back to the US$19,000 and US$1,100 levels, reversing their weekly gains. Ethereum has been on a downward trend since July 8th as bears are trying to dominate the market. If ETH fails to sustain above the US$1,140 level, we might see it plunge to even the US$900 as the buying strength has declined over the past few days,” said Edul Patel, CEO and co-founder of Mudrex, a global crypto investing platform.

On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, plunged more than 3% to $1,089. Meanwhile, dogecoin price today was trading nearly 6% lower at $0.06 whereas Shiba Inu fell over 5% to $0.000011.

Other crypto prices’ today performance also declined as XRP, Solana, BNB, Litecoin, Stellar, Chainlink, Tron, Uniswap, Tether, Apecoin, Avalanche, Polkadot prices were trading with cuts over the last 24 hours whereas Polygon Matic rose more than 5% to $0.58.

Bitcoin is more likely to tumble to $10,000, cutting its value roughly in half, than it is to rally back to $30,000, according to 60% of the 950 investors who responded to the latest MLIV Pulse survey. Forty percent saw it going the other way. Bitcoin has already lost more than two-thirds of its value since hitting nearly $69,000 in November and hasn’t traded as low as $10,000 since September 2020.

The crypto industry has been rocked by troubled lenders, collapsed currencies, and an end to the easy money policies of the pandemic that fueled a speculative frenzy in financial markets. Some $2 trillion has vanished from the market value of cryptocurrencies since late last year, according to data compiled by CoinGecko.

(With inputs from agencies)

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Crypto Price Today Live: Dogecoin, Shiba Inu, Polkadot drop 4% each; Unus Sed Leo rises

New Delhi: After a small rebound, the crypto market was back in the red during the early trading hours on Wednesday. Bitcoin again breached the $20,000 threshold, denting the sentiments for other crypto assets.

The flow of bad crypto news was slower than it has been most days over the past six weeks. However, the gloom and fear in the crypto industry still persist.

Barring the Unus Sed Leo, which was up by 3 per cent down, all other crypto tokens were lower on Wednesday. Shiba Inu, Dogecoin and Polkadot plunged 4 per cent each, whereas Cardano shed 3 per cent.



The global cryptocurrency market cap was trading lower at the $894.51 billion mark, dropping almost 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume jumped almost 17 per cent to $64.82 billion.

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Crypto Price Today: Meme coins trade in the green; Solana, Polkadot shed up to 8%

New Delhi: Crypto market slipped in early trading hours on Thursday. Bitcoin barely held above $20,000 levels while the pain in altcoins was severe.

Fears of recession in the global economy and rising inflationary pressure are denting the sentiment for the digital token market.

Barring Unus Sed Leo, which gained about 4 per cent, and memecoins Dogecoin and Shiba Inu, all of the other crypto tokens were trading in the red on Thursday.



Among the losers, Solana plunged about 8 per cent, while Polkadot tumbled more than 6 per cent. Ethereum and BNB dropped 5 per cent each, and Bitcoin was also in the red.

The global cryptocurrency market cap was trading at the $892.72 billion mark, dropping more than 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed more than 11 per cent to $62.65 billion.

What’s cooking in India
Cryptocurrencies that were the flavour of the season till about last year have seen a sudden fall on every matrix for the exchanges- trading volumes, value and profitability- as a crypto winter sets in following a big drop in prices in the last few months.

The sudden shift in market sentiment from exuberance to fear has led to exchanges resorting to a combination of short- and long-term measures to manage working capital.

Influencers, rather than celebrities, were behind more than 92 per cent of crypto-related advertisement violations in India between January 2022 and May 2022, according to data released by the Advertising Standards Council of India.

Banking giant Citigroup has made a series of comments on mortgages backed by cryptocurrencies and the rise of digital real estate in the metaverse amid a pullback in the crypto markets.

Unifarm, a collaborative wealth creation platform announced today, launching its Web3Talk series with a special focus on safe crypto investing and utilizing the full potential of crypto as an asset class.

The talk series will be an audience-driven event wherein experts from the crypto industry will interact with the crypto community and enthusiasts which will enable them to generate passive income from their investment in crypto.

Expert take
Grayscale Investments’ application to convert its $13.5 billion Bitcoin Trust into a spot-based bitcoin ETF was denied by the SEC on Wednesday despite growing consensus that the product is a lower-cost and more accessible way for investors to take exposure to bitcoin, said CoinDCX Research Team.

“While the outcome is less than desirable, it is crucial that industry stakeholders not lose faith in the potential of crypto assets, and continue to build and develop products in support of the growth of the crypto ecosystem,” it added.

Global updates
The US securities regulator rejected a proposal to list a spot bitcoin exchange-traded fund (ETF) by Grayscale, one of the world’s biggest digital asset managers, on the NYSE Arca exchange.

Crypto hedge fund Three Arrows Capital (3AC) has entered liquidation, a person familiar with the matter told Reuters, in the latest sign of the market downturn hurting the crypto industry.

A report released by blockchain research firm Nansen draws a straight line from Terra to the sinking price of lido staked ether (stETH).

The free fall in crypto markets could continue because of the system’s complexity, Deutsche Bank (DB) said in a report. Macro risk is also a concern.

Tech View by Giottus Crypto Platform
APE coin, the governance token of the popular NFT series BAYC (Bored Ape Yacht Club), had quickly made it into the top 50 cryptocurrencies by market cap after its launch on March 17, 2022.

In its short lifespan, APE has reached an ATH of $24, lost 83% value against it and is trading at around $4.5 today. The crypto market turbulence hit APE hard – it shed 65% of its April gains in May.

APEETMarkets.com

However, the coin seems to be on the path to recovery after the release of a BAYC-themed music video by Eminem and Snoop Dogg. APE has breached its declining trendline resistance, flipping it into support. It is trading close to its .236 fib level of $4.6.

APE needs to get past the psychological resistance of $5.5 to confirm an actual rebound. The next resistance is its 50-day moving average is at $6. Despite the improving trading volumes, APE’s RSI shows a neutral signal at 44. In case APE is unable to sustain its momentum, it will have to retest its trendline at $3.7.

Major Levels
Resistance: $5.5, $6, $6.2

Support: $3.7, $3

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)


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Crypto Price Today: Shiba Inu, Dogecoin, Solana drop up to 5%; Tron gains

New Delhi: Crypto market continued to slide on Wednesday as recession fears deepened. Further, rising inflation is hinting that the hawkish US Fed is unlikely to cool its stance anytime soon.

For Bitcoin, $20,000 is the key psychological level. If it is breached substantially, the bear grip in the crypto market is likely to tighten and crypto winter may deepen further.

Barring the dollar-pegged USD Coin and Tron, all other crypto tokens were trading in the red on Wednesday. Shiba Inu and Solana plunged about 5 per cent each, whereas Dogecoin dropped over 3 per cent.



The global cryptocurrency market cap was trading at the $911.52 billion mark, down more than 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume was up by over a per cent at $57.31 billion.

What’s cooking in India
The income tax department on Tuesday said both buyers and sellers will have to withhold taxes for transactions involving an exchange of one virtual asset for another.

Issuing a further set of clarification, the Central Board of Direct Taxes (CBDT) also said according to section 194S of the I-T Act, the buyer will have to deduct tax in a peer-to-peer transaction of virtual digital assets (VDA).

Expert take
The looming fear of Three Arrow Capital defaulting on its loan has come true. Voyager Digital, a digital asset brokerage, reported that the fund has failed to repay a loan of $350 million in USDC, U.S. dollar-pegged stable coin, and 15,250 bitcoins, said WaxirX Trade Desk.

“The effects of default will be much more concerning if there is a decrease in liquidity on Voyager. Voyager has already taken action to fight this concern,” it added.

Global Updates

  • CEO Whit Gibbs and Chief Financial Officer Jodie Fisher have resigned, effective immediately, from bitcoin mining hosting and brokerage services firm Compass Mining, the company said in an emailed statement.

  • Canada-based investment firm Cypherpunk Holdings has dumped all of its bitcoin and ether holdings to ride out the current market risks.

  • CoinFLEX CEO Mark Lamb claims noted crypto investor Roger Ver owes the physical futures crypto exchange $47 million in USDC. Lamb made his allegation public Tuesday on Twitter, shortly after Ver denied “some rumors” he was involved with the default.

Tech view by BuyUcoin cryptocurrency exchange
SHIB price dipped even after 400 trillion tokens were burned. SHIB growth has been fueled mainly by speculation and supportive tweets by Elon Musk. Cypto.com has also removed SHIB from its earn program which may have hurt the investor sentiment around the meme coin and resulted in a 5 per cent drop in its prices during the day trade.

The growth momentum of SHIB will continue if it finds a real-world use case or is integrated into the global payment system. As of now, SHIB will witness price fluctuations mainly driven by speculations.

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)


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Crypto Price Today: Shiba Inu, Dogecoin, Solana drop up to 5%; Tron gains

New Delhi: Crypto market continued to slide on Wednesday as recession fears deepened. Further, rising inflation is hinting that the hawkish US Fed is unlikely to cool its stance anytime soon.

For Bitcoin, $20,000 is the key psychological level. If it is breached substantially, the bear grip in the crypto market is likely to tighten and crypto winter may deepen further.

Barring the dollar-pegged USD Coin and Tron, all of the other crypto tokens were trading in the red on Wednesday. Shiba Inu and Solana plunged about 5 per cent each, whereas Dogecoin dropped over 3 per cent.



The global cryptocurrency market cap was trading at the $913.70 billion mark, dropping more than a per cent in the last 24 hours. However, the total cryptocurrency trading volume was flat, up by a per cent at $56.35 billion.

What’s cooking in India
The income tax department on Tuesday said both buyers and sellers will have to withhold taxes for transactions involving an exchange of one virtual asset for another.

Issuing a further set of clarification, the Central Board of Direct Taxes (CBDT) also said according to section 194S of the I-T Act, the buyer will have to deduct tax in a peer-to-peer transaction of virtual digital assets (VDA).

Expert take
The looming fear of Three Arrow Capital defaulting on its loan has come true. Voyager Digital, a digital asset brokerage, reported that the fund has failed to repay a loan of $350 million in USDC, U.S. dollar-pegged stable coin, and 15,250 bitcoins, said WaxirX Trade Desk.

“The effects of default will be much more concerning if there is a decrease in liquidity on Voyager. Voyager has already taken action to fight this concern,” it added.


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Cryptocurrency prices today rally as Bitcoin, ether, dogecoin gain, Polygon jumps 23%

In cryptocurrencies, Bitcoin price today rose above $21,000 mark. The world’s largest and most popular cryptocurrency rose more than 4% and was trading at $21,083. The global cryptocurrency market cap today was below the $1 trillion, and was up over 4% in the last 24 hours to $977 billion, as per CoinGecko.

Cryptocurrencies had been moving for months in the same direction as stocks as investor appetite for risk assets ebbed on growing fears about an economic downturn.

On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, jumped more than 7% at $1,154. Meanwhile, dogecoin price today was trading 4% higher at $0.06 whereas Shiba Inu jumped over 3% to $0.000010.

Other crypto prices’ today performance also improved as XRP, Tether, Solana, BNB, whereas Stellar, Litecoin, Uniswap, and Tron prices were trading with gains over the last 24 hours, with Polygon rallying more than 23% after claiming that it recently achieved carbon neutrality,.

In a surprise twist, Uniswap is now generating more in user fees than Ethereum, the blockchain where it got its start, reported Bloomberg, as over the last seven days, Uniswap’s average total user fees have grown to about $4.1 million, surpassing Ethereum’s $3.9 million. The uptick in trading comes in the midst of a crypto bear market, where coin prices have been swinging wildly in recent weeks. 

Crypto markets are struggling to consolidate after declining precipitously in recent months as the Federal Reserve hiked interest rates to fight inflation. The collapse of the Terra/Luna ecosystem and continued concern about hedge fund Three Arrows Capital Ltd. have further rattled investors.

Crypto broker Voyager Digital Ltd has lowered its daily withdrawal limits to $10,000 from $25,000, according to an update on the company’s website. The change comes after the company on Wednesday said its subsidiary may issue a default notice to Three Arrows Capital Ltd if the cryptocurrency hedge fund fails to repay its loan.

(With inputs from agencies)

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Cryptocurrency Price Today: Crypto Price Today: Shiba Inu, Dogecoin zoom up to 21%; Bitcoin holds $20,000

New Delhi: Crypto market was trading mixed on Wednesday morning amid lack of fresh triggers. Investors, however, preferred profit booking than raising their hopes about a long-term rebound.

Bitcoin dipped marginally but sustained above $20,000, whereas Ethereum was also under some pressure. Market experts see the volatility in the crypto market to continue in the near term.

The top tokens in the crypto cart were trading mixed on Wednesday. Memecoins like Shiba Inu rose over 21 per cent, whereas Dogecoin surged 8 per cent. Cardano and Polkadot plunged close to 4 per cent each.



The global cryptocurrency market cap was trading around the $900 billion mark, dropping marginally by less than a per cent in the last 24 hours. However, the total cryptocurrency trading volume plunged merely over a per cent to $70.75 billion.

What’s cooking in India
Job postings for cryptocurrency, blockchain and NFTs have grown 804 per cent between April 2020 to April 2022, according to a report by a global job portal. It also revealed an acceleration in the market’s demand. In 2022, the increase was 315 per cent.

The Covid-19 pandemic has fast-tracked the adoption of technology across functions in India, technology professionals are more in demand than ever before, especially with expertise in newer areas like cryptocurrency, NFTs and blockchain, the report showed.

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Know The Rate Of Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin And Other Cryptocurrencies

Cryptocurrency Prices Today, 21 June 2022: Check and compare cryptocurrency prices. Get to know how much bitcoins, Ethereum, Litecoin, Ripple, Dogecoin and other cryptocurrencies rate, value, worth today, compare prices, and check market capital across all the top Indian exchanges.

Cryptocurrency Prices in India:

Cryptocurrency remains a volatile market, and prices change very frequently. Even if you look at just the most well-known ’coins’, like Bitcoin, Ether, Dogecoin, Litecoin and Ripple, there have been constant changes in their value.

Bitcoin is the oldest and most well-known cryptocurrency token that can be purchased and in the last 24-hours, its value has changed by 4.77%. It was priced at ₹16,62,522, according to CoinSwitch, and is now at ₹17,41,895. Bitcoin’s market cap is now ₹30.8T.

Crypto prices can vary slightly across providers, so using a single source for this information is very important.

Cryptocurrency Price List Chart:
























































Coin Name (Code) Price* Change (24h) Market Cap Volume (24h)
Bitcoin (BT) ₹ 17,41,895 ▲+79,373
+4.77%
₹ 30.8T ₹ 2.7T
Ethereum(ETH) ₹ 95,624 ▲+6,091.35
+6.80%
₹ 10.9T ₹ 1.7T
Tether(USDT) ₹ 82.57 ▼-0.19
-0.23%
₹ 5.3T ₹ 4.4T
USD Coin(USDC) ₹ 82.66 ▼-0.24
-0.28%
₹ 4.4T ₹ 442.5B
Binance Coin(BNB) ₹ 18,519 ▲+1,239.1
+7.17%
₹ 2.7T ₹ 100.7B
Binance USD(BUSD) ₹ 78.8 ▲+0.12
+0.15%
₹ 1.3T ₹ 391.4B
Cardano(ADA) ₹ 41.61 ▲+2.65
+6.81%
₹ 1.3T ₹ 84.9B
Ripple(XRP) ₹ 27.16 ▲+0.87
+3.32%
₹ 1.2T ₹ 98.1B
Solana(SOL) ₹ 3,086.99 ▲+409.50
+15.29%
₹ 956.3B ₹ 151.9B
Dogecoin(DOGE) ₹ 5.14 ▲+0.30
+6.29%
₹ 625.5B ₹ 57.6B
Polkadot(DOT) ₹ 680.75 ▲+70.78
+11.60%
₹ 611.3B ₹ 37.5B
TRON(TRX) ₹ 5.24 ▲+0.27
+5.48%
₹ 443.2B ₹ 70.1B
Avalanche(AVAX) ₹ 1,467.99 ▲+172.22
+13.29%
₹ 383.6B ₹ 43.4B
Shiba Inu(SHIB) ₹ 0.000686 ▲+0.000023
+3.47%
₹ 352.7B ₹ 23.0B
Litecoin(LTC) ₹ 4,498.82 ▲+177.93
+4.12%
₹ 293.7B ₹ 101.3B
Polygon(MATIC) ₹ 35.82 ▲+5.17
+16.85%
₹ 251.8B ₹ 36.1B
Chainlink(LINK) ₹ 615.42 ▲+82.75
+15.53%
₹ 250.8B ₹ 40.1B
Uniswap(UNI) ₹ 376.17 ▲+35.7
+10.28%
₹ 239.8B ₹ 12.9B
Stellar(XLM) ₹ 9.58 ▲+0.29
+3.09%
₹ 226.7B ₹ 13.2B
Bitcoin Cash(BCH) ₹ 9,409.42 ▲+66.85
+0.72%
₹ 178.7B ₹ 120.7B
Monero(XMR) ₹ 8,950.1 ▼-258.44
-2.81%
₹ 172.6B ₹ 784.20
Cosmos(ATOM) ₹ 581.97 ▲+35
+6.40%
₹ 153.8B ₹ 15.8B
Decentraland(MANA) ₹ 71.12 ▲+4.41
+6.61%
₹ 121.2B ₹ 16.3B
Elrond(EGLD) ₹ 4,973.51 ▲+607.73
+13.92%
₹ 98.9B ₹ 6.7B
Bitcoin SV(BSV) ₹ 5,081.33 ▲+80.61
+1.61%
₹ 96.9B ₹ 12.4B
Zcash(ZEC) ₹ 5,247.32 ▲+84.12
+1.63%
₹ 76.8B ₹ 7.9B
EOS Coin(EOS) ₹ 81.68 ▲+3.71
+4.75%
₹ 75.5B ₹ 20.3B
IOTA(MIOTA) ₹ 22.50 ▲+1.66
+7.97%
₹ 62.9B ₹ 1.8B
NEO Coin(NEO) ₹ 782.23 ▲+50.72
+6.93%
₹ 51.0B ₹ 4.7B
Dash(DASH) ₹ 3,880.94 ▲+223.39
+6.11%
₹ 38.4B ₹ 7.1B
Zilliqa(ZIL) ₹ 2.95 ▲+0.21
+7.52%
₹ 34.9B ₹ 11.3B
NEM(XEM) ₹ 3.53 ▲+0.30
+9.20%
₹ 28.3B ₹ 671.9M
Qtum(QTUM) ₹ 224.10 ▲+14.75
+7.05%
₹ 23.3B ₹ 3.3B
Terra(LUNA) ₹ 162.36 ▲+7.67
+4.96%
₹ 20.2B ₹ 13.1B
Baby Doge Coin(BABYDOGE) ₹ 0.00000010 ▲+0.00000001
+10.68%
₹ 12.1B ₹ 566.1M
SushiSwap(SUSHI) ₹ 96.55 ▲+9.20
+10.53%
₹ 10.9B ₹ 7.1B
Braintrust(BTRST) ₹ 118.52 ▲+6.11
+5.43%
₹ 10.7B ₹ 127.7M
Status(SNT) ₹ 2.39 ▲+0.16
+7.33%
₹ 7.6B ₹ 638.8M
Augur(REP) ₹ 650.95 ▲+30.16
+4.86%
₹ 6.7B ₹ 1.7B
Spell Token(SPELL) ₹ 0.061482 ▲+0.004505
+7.91%
₹ 5.8B ₹ 1.7B
Fetch.ai(FET) ₹ 7.12 ▲+0.77
+12.18%
₹ 4.6B ₹ 1.1B
DIA(DIA) ₹ 32.74 ▲+1.88
+6.11%
₹ 2.2B ₹ 290.8M
Gas(GAS) ₹ 220.52 ▲+11.88
+5.69%
₹ 2.1B ₹ 549.3M
Circuits of Value(COVAL) ₹ 0.96 ▲+0.01
+1.00%
₹ 1.7B ₹ 24.1M
DOGEFI(DOGEFI) ₹ 21.87 ▲+0.03
+0.16%
₹ 21.9M
Bitcoin Hedge(BTCHG) ₹ 218.38 ▲+0.35
+0.16%
Underdog(DOG) ₹ 0.064680 ▲+0.003502
+5.72%
₹ 58.3M
FLEX(FLEX) ₹ 370.72 ▼-1.60
-0.43%
₹ 172.7B
Floki Inu(FLOKI) ₹ 0.000004 ▲+0.00000029
+6.56%
Husky(HUSKY) ₹ 0.00000059 ▲+0.00000012
+25.48%
₹ 5,37,830
Nano Dogecoin(INDC) ₹ 0.00000003 ▲+0.0000000025
+7.47%
₹ 1,561.29
Kishu Inu(KISHU) ₹ 0.00000003 ▲+0.0000000030
+9.42%
₹ 147.7M
Doge Killer(LEASH) ₹ 25,257 ▲+1,844.73
+7.88%
₹ 36.7M
WETH(WETH) ₹ 89,560 ▲+5,501.6
+6.54%
₹ 119.4B

* Prices Updated at 2:00 PM IST, Date- 21.06.2022

About Cryptocurrency:

Cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. It typically does not exist in physical form (like paper money) and is typically not issued by a central authority. 

Cryptocurrencies typically use decentralized control as opposed to a central bank digital currency (CBDC). When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain that serves as a public financial transaction database.

Disclaimer: Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. All data for the values is being sourced from Binance, Coinbase, a trusted and popular platform to trade cryptocurrency. All results and information are as per binance.com. Readers/Visitors are advised to seek expert advice and to read offer document(s) and all such other important literature on the subject carefully before making any kind of investment whatsoever. It is well known fact that cryptocurrency is subject to market risks and is speculative and any investment made shall be at the sole cost and risk of the readers/visitors.

For all information on results: Cryptocurrencies Prices Today

Disclaimer: All results and information are as per binance.com


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Can Mehracki Token (MKI) Match Up to Dogecoin, Cryptocurrency Investments?

Photos and videos in the form of jokes are everywhere on the internet today. A wide array of cryptocurrencies have been developed as a result of memes, jokes, or themes that have originated on the internet. Meme tokens usually fluctuate in value based on the interest in the cryptocurrency market and this is because they are reliant on press endorsements, community activity, excitement and FOMO.

As a result of the unpredictability and lack of real-world applications, many people are hesitant to invest in these technologies. The concept of meme cryptocurrencies, on the other hand, is continually developing. During the course of the past few years, meme coins have been evolving and proving to be a useful asset for any crypto enthusiast. Knowing which ones to invest in, on the other hand, is critical.

In this post, we’ll take a critical look at how Mehracki Token (MKI), a meme token currently undergoing presale, is already causing havoc in the crypto world and might be the next Dogecoin (DOGE) or Shiba Inu (SHIB) killer.

Dogecoin (DOGE) 

Dogecoin was launched in 2013 as a peer-to-peer cryptocurrency which falls under the altcoin category of the coin market. It was developed as a parody of the popular meme coin, Shiba Inu (SHIB). 

After its launch, DOGE was able to spike the interest of crypto owners with its fast rise and inflationary abilities. DOGE, however, has remained a very volatile cryptocurrency, and there is no guarantee that it will rise or fall in value in the future, just like any other investment. 

The coin has been able to gain more momentum due to the influence of high crypto investors like Elon Musk. However, its high inflationary prospects make it a less effective option for utility-based transactions. This is one area where MKI poses an advantage. 

The Dogecoin (DOGE) blockchain platform can carry out about 30,000 transactions within a second. It uses the Auxiliary Proof of Work algorithm. This algorithm allows the consensus crypto mining of DOGE and other Proof of Work cryptocurrencies.

Mehracki Token (MKI) 

Mehracki Token (MKI) is a “feel-good” community-based token that aims to do better and go beyond the meme coin concept. The project was developed under the Solana (SOL) blockchain platform. The major aim of this meme token is to incorporate the meme coin concept into realistic utility.

This means that Mehracki Token (MKI) users, particularly hospitality business owners and tourists, will be able to conduct inexpensive, rapid, and borderless transactions using Mehracki’s native token (MKI). In order to achieve its aim, the meme token will bank on the Solana blockchain platform’s capability of processing up to 50,000 transactions within a second.

The Mehracki token will allow its users to conduct transactions without the need for a third party’s intervention. It will also allow its holders to take advantage of enticing discounts and benefits when they book and transact on the blockchain network. 

MKI also promises passive income and is one of the few tokens in the coin market to offer such a great advantage. While exchanging, swapping or lending on the platform, MKI users will be able to generate revenue indirectly. 

Compared to other meme coins, Mehracki Token (MKI) has shown great potential and aims to provide its holders with better options and opportunities. Asides from serving as a utility-based token, MKI aims to differentiate by giving out incentives to users that attain set milestones. It also facilitates real-life applications by allowing its users to exchange MKI for other cryptocurrencies. 

Whether you are new to cryptocurrency or have been around for a while, Mehracki Token (MKI) can be one of the best cryptocurrencies to invest in 2022. The token is currently undergoing presale. You can use the links below to participate and get the latest developments.

Join Presale: presale.mehracki.io/register

Website: mehracki.io
Telegram: https://t.me/Mehracki_Official

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The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

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Day after Elon Musk says he ‘supports Dogecoin’, cryptocurrency zooms 9%

elon musk, dogecoin, elon musk dogecoin, cryptocurrency, crypto news
Image Source : TWITTER/@FIREINTHEHOLEE1

Earlier this year, Musk announced that the company’s supercharging stations will accept cryptocurrency Dogecoin as payment.

 

Highlights

  • Elon Musk came in support of Dogecoin again and sent the price of cryptocurrency up
  • Dogecoin digital currency has tumbled from its high of nearly $0.74 to $0.05 in recent days
  • After Musk’s support, Dogecoin zoomed by 9 per cent

Billionaire, the world’s richest and self-proclaimed ‘Doge father’ Elon Musk on Sunday came in support of Dogecoin yet again and sent the price of the cryptocurrency up. The Tesla and SpaceX CEO had from time to time voiced his support for the cryptocurrency, despite when the currency hit its lows. 

Amid the ‘crypto winter’, Dogecoin digital currency has tumbled from its high of nearly $0.74 to just over $0.05 in recent days.

In a tweet on Sunday, Musk said: “I will keep supporting Dogecoin.” Reacting to a follower who asked him to keep buying Dogecoin too, Musk replied that he will keep purchasing the cryptocurrency.

On Monday, just a day after Musk’s tweets, the cryptocurrency zoomed 9 per cent. For the past few months, the digital currency had lost over 80 per cent of its value from the all-time high that it reached in May 2021. 

According to coinmarketcap.com, the price of Dogecoin is $0.056969 with a 24-hour trading volume of $992,406,891. 

Lawsuit against Elon Musk

Last week, a Dogecoin cryptocurrency investor in the US sued Musk, Tesla and SpaceX for $258 billion for allegedly operating an illegal racketeering enterprise to inflate the price of Dogecoin.

A class-action lawsuit was filed in a federal court in Manhattan, and the Dogecoin investor called for triple the damages of $86 billion, which is how much the plaintiff alleges has been lost by Dogecoin investors since Musk started tweeting about it, according to reports.

“Defendants falsely and deceptively claim that Dogecoin is a legitimate investment when it has no value at all,” the plaintiff Keith Johnson said in the complaint.

“Since Defendant Musk and his corporations SpaceX and Tesla, Inc began purchasing, developing, promoting, supporting and operating Dogecoin in 2019, Plaintiff and the class have lost approximately $86 billion in this Crypto Pyramid Scheme,” he added.

Musk in support of Dogecoin

Earlier this year, Musk announced that the company’s supercharging stations will accept cryptocurrency Dogecoin as payment.

Tesla does accept Dogecoin in its online store and there have been rumours of Tesla eventually accepting the crypto as a form of payment for its vehicles.

Musk has a significant personal investment into Bitcoin on top of Tesla’s investment and he has smaller Ethereum and Dogecoin holdings.

ALSO READ: Elon Musk takes motivational class on Twitter; users ask ‘how high are you?’

(ians inputs)

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