Ether was also not untouched by this big drop in bitcoin. Ether, the world’s second largest cryptocurrency by market cap, saw a decline of 3.39 percent today. At the time of writing the news, the price of Ether on the Indian exchange CoinSwitch Kuber stood at Rs 2.1 lakh. Whereas the price of this token based on the Ethereum blockchain was running at $2,613 (about Rs 1.99 lakh) on global exchanges.
According to Gadgets 360’s cryptocurrency price tracker, today all but one cryptocurrency has seen a decline. The Cryptocurrency Price Chart was painted red today. Tether, USD Coin and Binance USD were the only tokens with very modest gains. The names of Terra, Cosmos and Bitcoin Cash were among the big losers.
At the same time, if we talk about mime based cryptocurrencies, then Shiba Inu and Dogecoin, both popular mime coins have declined. While the Shiba Inu lost 3.22 per cent, Dodgecoin was down 3.12 per cent. At the time of writing the news, the price of Dogecoin in India was Rs 9.87. While the price of Shiba Inu in India (Shiba Inu price in India) was trading at Rs.0.001921. The volatility in the market is expected to continue due to the Russia-Ukraine war. However, the possibility of huge downside or profit is not being predicted yet.
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