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HitBTC sells DOGE at a discounted price

The DOGE rate on the HitBTC crypto exchange turned out to be almost two times lower than on other sites. The memorial cryptocurrency is traded on the exchange at a rate of $ 0.32. For example, on Kraken, the DOGE price in the DOGE / USD pair is $ 0.61.

DOGE course. Left – HitBTC, right – Kraken

However, as it turned out, the reduced rate may be due to the inability to withdraw DOGE. Those who bought cheaper DOGE on HitBTC simply cannot withdraw the cryptocurrency due to technical problems. How soon it will be possible to solve the problem with the DOGE output remains unknown.

Source: hitbtc.com

Meanwhile, the DOGE rate sank more than 12% from its all-time high. On Wednesday, May 5, the cryptocurrency hit a new record at $ 0.64. The market capitalization of DOGE at the time of writing is $ 78.9 billion.

Meanwhile, not all experts believe in the future of this cryptocurrency. Kraken CEO Jesse Powell has doubts about the fundamentals of DOGE and the long-term prospects of the coin. In an interview with Bloomberg, Powell stated that DOGE is more like fiat money than cryptocurrency due to its endless emission. At the same time, the head of Kraken stressed that it is extremely dangerous to invest in an asset that has grown in price 50 times over a month.

Earlier it became known that users of the Coinseed cryptocurrency service complain about the unauthorized conversion of their assets into DOGE cryptocurrency. According to the clients of the service, the developers of the project converted their assets into DOGE without demand.

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