If we look at the reports of the last two months, the speed with which the Indian stock market has seen a decline. In the same way, different cryptocurrencies of the world have increased. But in the last 24 hours the scenario of the crypto world has changed. Bitcoin, which was boasting of crossing 1 lakh dollars, has seen a decline of more than 11 percent in 24 hours. During this period, a fall of more than $11,900 i.e. more than Rs 10 lakh has been seen. Let us understand in some detail and also know which one among Dodgecoin, Shiba Inu and Bitcoin has given the highest returns.
Elon Musk’s favorite coin
Dogecoin, which once started as a joke, has now become extremely popular among investors. It is considered to be Elon Musk’s favorite cryptocurrency. Due to its low price, it is easy to invest in it. On November 5, its price was Rs 13.61, whereas today it reached Rs 37.11. It gave a tremendous return of 173 percent to investors in one month.
huge profits at cheap rates
Shiba Inu, known as the ‘meme coin’, has also attracted the attention of investors. Due to its very low price, it has become an attractive option for small investors. On November 5, its price was Rs 0.0014, and today it reached Rs 0.0026. It has given an excellent return of 86 percent in one month.
The most expensive and popular cryptocurrency
Bitcoin is not only the most expensive but also the most discussed cryptocurrency. On November 5, the price of one bitcoin was Rs 57.47 lakh, which has now increased to Rs 83.30 lakh. It has shown a growth of 45 percent in a month. The option to buy it in pieces makes it more accessible.
Although cryptocurrency has given excellent returns, it comes with high volatility and risks. Experts say that investors should invest thoughtfully and in limited units. The future of cryptocurrency may be bright, but the risks associated with it cannot be ignored.