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 CoinBase.
At the same time, Shiba Inu was down almost 15 percent over seven days, and Ethereum was down about 14 percent, both according to CoinBase.
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.
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Risks of investing in cryptos, part four
Another risk of investing are the charges and fees.
Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products.
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Risks of investing in cryptos, part three
A third risk of investing in cryptocurrencies is product complexity.
The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks.
There is no guarantee that cryptoassets can be converted back into cash.
Converting a cryptoasset back to cash depends on demand and supply existing in the market.
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Risks of investing in cryptos, part…
