The cryptocurrency is currently valued at $0.058, marking a daily loss of 1.2%. Over the past week, it has lost 4.8% of its value, and over the past month, it has lost 4.66%. The annual loss stands at 16.86%.
In a potentially positive development for Dogecoin, Kabosu, the Shiba Inu dog that inspired the creation of the cryptocurrency, is set to have a statue unveiled in her honor in Sakura, Japan on November 2nd. This follows a successful fundraising campaign and could potentially boost Dogecoin’s price and transaction volume.
As with all investments in cryptocurrencies, there is an inherent risk involved. Investors are advised to carefully consider their investment decisions and understand that past performance may not be indicative of future results.
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Source: Cryptocurrency - investing.com
