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Cryptocurrency values fall as Doge Day afternoon approaches

By Dan Moore

10:25, 20 April 2021

The value of several cryptocurrencies falls in contrast to rise in Dogecoin's fortunes

The volatile world of cryptocurrencies continues to live up to its reputation for volatility.

Dogecoin stands out as bucking the trend with continued growth, albeit at a slower rate than the early trading surge of 24%. It had slowed to around 5.34% at 11am.

Cryptocurrency values slide

In contrast to Dogecoin, whose value commentators believe is being artificially buoyed by a partisan crowd seeking to push its value to US $0.69 on what is being called Doge Day, other cryptocurrencies are feeling the brunt.

The value of Ripple to the US Dollar has plunged 7.86%, while Litecoin to the $US is down 7.7%. Stellar’s value has fallen 5.6%, with Bitcoin trading down 1.7%. Elsewhere, Tron and Cardano are both down by 5.3% and 3.6%, respectively.

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Read More: Dogecoin soars but valuation could be barking mad

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