DOGE Go Up: Ethereum and Solana Hit Hard By Sell-Off—But Dogecoin Makes Gains - Decrypt


17 Nov 2023 3:47 PM

Ethereum, Bitcoin, and most other major crypto assets took a hit this morning, but Dogecoin (DOGE), the original meme coin, is pumping....

  • The crypto market experienced a downturn, with major digital assets like Ethereum, XRP, and Solana seeing significant losses.
  • Dogecoin (DOGE) was the only asset that saw a 4% increase in value over the past 24 hours.
  • Dogecoin's trading volume reached $2.7 billion, the highest since April when Elon Musk changed the Twitter logo to a Shiba Inu.
  • Ethereum lost its $2,000 per coin level and experienced a 4% decrease in value.
  • Bitcoin, the largest digital asset, had a 2% 24-hour decrease but remained above $36,000.
  • Bitcoin's dominance in the market slightly decreased to 51%.
  • Stablecoins accounted for 89% of the total crypto market's trading volume.
  • Solana experienced a 9% decrease in value, while XRP lost over 5%.
  • Avalanche lost more than 10% of its value after surging due to news of J.P. Morgan using the blockchain.

The sentiment of the article is negative, as it highlights the losses and downturn in the crypto market.

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You May Ask

Which digital asset was the only one to see an increase in value?What was Dogecoin's trading volume in the past day?How much did Ethereum's value decrease?What percentage of the total crypto market's trading volume was accounted for by stablecoins?Why did Avalanche lose more than 10% of its value?

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