Crypto Derivatives See Huge Value Boom; DOGE Rallying Against All Odds

16. Apr 2021 Posted by WorldCoinIndex on Derivatives report

This week, the cryptocurrency market has shown great volatility for most of the high-caps, alongside significant gains for some of the lower caps.

Dogecoin is by far the main coin placed under the spotlight this week. Whilst it is not yet clear whether Elon Musk’s support of DOGE is serious or a joke, the meme coin has seen a monumental boost, growing from a mere $0.07 price point, all the way up to $0.3.

WorldCoinIndex reports that it’s the no. 1 coin in terms of trading volume right now.

Most analysts suggest an imminent dump due to the mediocre fundamentals, but that remains to be seen.

On the other hand, bitcoin has reached a new all-time high of $64,764 this week, although it’s now facing a correction, having dropped to $60,772.

The total cryptocurrency market cap is currently reported at $2.08 trillion.