How To Store Dogecoin Securely In 2022?


 DOGE, the famous meme coin, dropped 6% in May to $0.012. DOGE has now dropped 84 percent of its value nearly a year to the day after its all-time high. However, sentiment has changed in the cryptocurrency community, particularly away from meme currencies. The cryptocurrency industry lost 24 percent of its value in May, as assessed by market capitalization. SHIB, a rival meme coin, was down more than 11% at that time. Concerns about international instability, a hawkish Federal Reserve, and increasing inflation have all contributed to the overall gloomy trend. The best Dogecoin wallets 2022 are already available if you are interested. Know how to store Dogecoin easily from Cryptoknowmics. 

Crypto Whales Play Their Role

It also looks that the industry's whales, or people who own a huge number of cryptos, are playing a role as they sell their holdings to minimize losses and brace for a longer-term decline. They generally have the most popular Dogecoin wallets. Whales like meme currencies because of their capacity to affect the trend of a currency with minimal utility. A rising number of these whales are not people but organizations like hedge funds who see cryptos as high-risk investments and attempt to relocate their investment to safer ground during periods of heightened danger.

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