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Dog coins have become too popular recently.After a recent surge, the initial issuance price of this virtual currency has risen by over 900 times

Source: Economic DailyUp 16 times in just one monthWhy is Dog Coin So CrazyOur reporter Li HualinAfter Bitcoin broke historical records one after another, another virtual currency, Dogcoin, has recently successfully "gone viral" and attracted market attention.According to data provided by the well-known digital asset trading platform OKEx, as of the morning of February 8th, Dogcoin was quoted at $0

Nine years ago today, dog coins were first mined, and memes were celebrating their ninth birthday.Forbes reported that the leaked Twitter code shows that a cryptocurrency is being developed, which has raised serious doubts about the practicality of DOGE

Ethereum prices have started a new round of falling below the $1850 level against the US dollar. ETH may fall towards the support area of $1650 in the short term

Highlights of the storyDue to favorable market conditions for bears, Bitcoin prices fell below $28000 in early trading hours.The market continues to be bearish as external factors have had a profound impact on the rebound and are expected to dominate for a long time in the future

Investors will pay attention to the April Consumer Price Index released on Wednesday to find clues about the Federal Reserve's next monetary policy decision, as the stock market falls.Due to investors waiting for the latest US inflation report on Wednesday, Bitcoin traded sideways at around $27000 on Tuesday

Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of MarsBit

Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance

Although not many people may have benefited from Elon Musk's acquisition of Twitter, the Doge community is undoubtedly pleased. The Musk effect is correct, and a dog landing on the moon is once again possible, as dog coins have risen by more than 120% in the past 7 days

After Bitcoin broke historical records one after another, another virtual currency, Dogcoin, has recently successfully "gone viral" and attracted market attention.According to data provided by the well-known digital asset trading platform OKEx, as of the morning of February 8th, Dogcoin was quoted at $0

In the past month, Dogcoin has performed surprisingly well. During this period, it experienced a 119% rebound and defeated other counterfeit coins

DOGE has formed a bearish flag shape.Long positions suffer more liquidation