Cryptocurrency Price Today: DOGE Becomes Top Loser After Twitter Removes Meme Logo
Cryptocurrency price on April 7 quick take: The global market cap stood at $1.18 trillion, seeing a minor 24-hour dip.
A couple of days ago, Twitter CEO Elon Musk changed the blue-bird logo of the platform to the ‘Doge’ meme without any formal explanation. As a result, Dogecoin (DOGE) price grew by leaps and bounds. However, as Twitter removed the ‘Doge’ logo and restored its original blue-bird icon, DOGE emerged to be the biggest loser in the market, with a 24-hour loss of over 8 percent, further proving the overall volatility of the crypto sector. Most crypto coins, including the likes of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and others landed in the reds across the board.
The global crypto market cap stood at $1.18 trillion at the time of writing, registering a 24-hour dip of 0.62 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $28,030.30, registering a 24-hour loss of 0.07 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 24.08 lakh.
Ethereum (ETH) price today
ETH price stood at $1,875.87, marking a 24-hour dip of 0.90 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.63 lakh.
Dogecoin (DOGE) price today
DOGE registered a 24-hour loss of 8.04 percent, as per CoinMarketCap data, currently priced at $0.0851. As per WazirX, Dogecoin price in India stood at Rs 7.42.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 1.46 percent. At the time of writing, it was trading at $90.98. LTC price in India stood at Rs 7,973.40.
Ripple (XRP) price today
XRP price stood at $0.5028, seeing a 24-hour gain of 0.27 percent. As per WazirX, Ripple price stood at Rs 43.24.
Solana (SOL) price today
Solana price stood at $20.52, marking a 24-hour dip of 1.14 percent. As per WazirX, SOL price in India stood at Rs 1,829.99.
Top crypto gainers today (April 7)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Terra Classic (LUNC)
Price: $0.0001295
24-hour gain: 5.70 percent
Injective (INJ)
Price: $5.70
24-hour gain: 4.67 percent
Casper (CSPR)
Price: $0.04239
24-hour gain: 4.55 percent
Enjin Coin (ENJ)
Price: $0.4337
24-hour gain: 3.28 percent
Maker (MKR)
Price: $712.91
24-hour gain: 2.91 percent
Top crypto losers today (April 7)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Dogecoin (DOGE)
Price: $0.08496
24-hour loss: 8.04 percent
Klaytn (KLAY)
Price: $0.2455
24-hour loss: 6.70 percent
Conflux (CFX)
Price: $0.3675
24-hour loss: 5.93 percent
Trust Wallet Token (TWT)
Price: $1.23
24-hour loss: 4.90 percent
ImmutableX (IMX)
Price: $1.04
24-hour loss: 4.85 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the past 24 hours, Bitcoin traded steady in anticipation of the release of the US non-farm payrolls data later today and due to the extended weekend. Despite attempting to break through a significant resistance level at $28,500, the bulls were unsuccessful and the value of BTC dropped to $27,800. Currently, the currency is in a consolidation phase at $28,000. Conversely, Ethereum remained above the $1,800 level. Meanwhile, Dogecoin experienced a significant decrease in value of almost 8 percent after Twitter removed its logo from the platform's homepage.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “In the short-term if Bitcoin manages to break above the $28,250 resistance level, it could signal an uptrend and potentially lead to further price appreciation towards the $28,900 or $29,250 levels. However, if Bitcoin fails to break this level and experiences selling pressure, it could lead to further declines towards the $26,500 and $25,500 support levels.”
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market remained flat due to the long weekend for Good Friday and easter. Bitcoin is comfortably sitting on strong support at the $28,000 level while Ethereum is exchanging hands at $1,877. DOGE remained the best-performing crypto this week due to Twitter euphoria. The CPI data which is slated to be released next week may shake the crypto market in the coming weeks.”
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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