Dogecoin Resists Consolidation as New Crypto Dogetti Enters Stage 2 Pre-Sale.
The global cryptocurrency market capitalisation saw a decline of 3.77% to $1.03tn in the past 24 hours, following the announcement of potential collapse of US bank Silvergate Capital. The bank’s stock price plummeted by 55%, resulting in a ripple effect causing other digital currencies, such as Dogecoin, to dip as well. Experts suggest Dogecoin’s downward movement since the beginning of February is due to the strength of the US dollar, which if persists would send the asset price down to below $0.0645. Meanwhile, Dogetti, a new token launched early February, is enjoying improved trading figures, with its presale nearing the second stage as it seeks to use its Dog-themed ecosystem, tokenomics and pre-sale to create a community-based coin.
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