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No reason to panic over Dogecoin prices.

Former USOCC Acting Comptroller Brian Brooks discusses Dogecoin and other cryptocurrencies.

According to Brooks, Bitcoin and other digital currencies will suffer because of panic over Dogecoin prices.

In current weeks, Dogecoin has actually lost almost 30% of its value, leading Brooks to talk about what he views as a halting of the project. A Dogecoin market cap of $38 billion is presently trading near $0.30 on Binanco.

It is really essential not to let the price walking of Dogecoin end up threatening the death of bitcoin or Ethereum and other innovative projects. Elon Musk and Saylor's attention is increasingly relied on Bitcoin mining councils. It is unclear whether that is an advantage or a bad thing, but it shows they are working to develop themselves in the crypto space," Brooks said.

Compared to in 2015, Dogecoin's price rose significantly. After a rise of retail trade need, DOGE reached its all-time high on 8 May, reaching almost $0.73. Dogecoin has acquired approximately 7,000 % since January.

Dogecoin is one of the leading cryptocurrencies within its market cap, according to Digital Currency Group CEO Barry Silbert. In his article, Selbert mentions that regardless of its potential, DOGE is not worth the $37 billion market capitalization.

A report about Elon Musk's participation with Dogecoins was just recently eliminated by the Tesla CEO. According to Musk, Dogecoin does not have an official organization, so he has limited control over its administration.

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