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Monday, September 27, 2021

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The fall of dogecoin, the cryptocurrency meme, demonstrates the importance of risk management

Talk about cryptocurrencies is synonymous with talking about volatility, and the case of dogecoin proves it. This cryptocurrency, which emerged literally as a joke, plunged more than 77% in dollars in just 45 days. What does this worrying bearish behavior tell us?

The striking volatility of dogecoin

Since the year started, dogecoin, accumulates a rise of more than 6,350%. This means that if an investor placed $ 100 on January 1, 2021, today they have around $ 6,350. At first glance, it looks like it was a winning trade, and indeed it was, as long as it was purchased dogecoin at the beginning of the year and kept in the portfolio until now.

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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