Ether also followed the path of bitcoin and appeared in the green in the Gadgets 360 cryptocurrency price tracker. Ether has registered a gain of 4.57 percent and is currently trading at Rs 2.09 lakh on Indian cryptocurrency exchange CoinSwitch Kuber. Ether price remains at $2,524 (approx Rs 1.87 lakh) on global exchanges. Apart from this, the prices of other altcoins have also increased. Except for the Binance USD, there was no digital token that did not increase in value. However, by 5 pm, the Binance USD had also started increasing. Popular altcoins saw the biggest gains in Cardano (13%) and Avalanche (14%). Apart from this, Terra was also able to take 11.64% lead.
There has been a big jump in Mim Coins today. Popular meme cryptocurrencies Dodgecoin and Shiba Inu have both seen huge gains. Dogecoin gained 10.22%, while Shiba Inu doubled to 22%. At the time of writing the news, Dogecoin price in India was Rs 11.76 while Shiba Inu price in India was running at Rs 0.001912.
Market analysts say that the crypto market has been witnessing a steady decline since the last days. The reason for this is inflation rate, liquidity and central banks banning crypto mining. Recently, Russia’s central bank has proposed a ban on the use and mining of cryptocurrencies in the country, citing the protection of financial stability, consumer protection and monetary policy. Russia’s government says cryptocurrencies can be used for money laundering or promoting terrorism.
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