THE prices of several well-known cryptocurrencies NOSEDIVED this week, but Baby Doge has surged 71% as Solice hit $1.49.
Shiba Inu, Bitcoin, and Ethereum have all dipped by more than 10 percent in the last seven days, with Bitcoin sinking to its lowest level in over a month.
Bitcoin was down almost 12 percent over the last seven days as of 9:30am Friday morning, according to .
At the same time, Shiba Inu was down almost 15 percent over seven days, and Ethereum was down about 14 percent, both according to .
It comes as one finance expert thinks Bitcoin’s worth could tank as low $10,000 (£7,400) per coin.
However, Goldman Sachs previously suggested that Bitcoin could reach a staggering value of $100,000 (£74,000) this year.
Read our cryptocurrency live blog for the latest news and updates…
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Risks of investing in cryptos, part two
Another risk of investing is price volatility.
Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses.
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Risks of investing in cryptocurrencies
Investing in cryptocurrencies means taking on a number of different risks.
The first is Consumer protection.
Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements.
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The most valuable cryptocurrencies
Cryptocurrency prices hit record highs earlier this year amid interest from high profile…