Will Dogecoin crash?

Backers now hope to push the coin to $0.69 (£0.49), but it exists in a volatile market.

A recent "flash" crash has already taken down established cryptocurrencies.

On Sunday, it cut into Ripple's XRP, Bitcoin (BTC) and Ethereum (ETH).

BTC suffered the most significant hit, losing 10 percent of its value from $60,000 (£42,951) per bitcoin to over $50,000 (£35,792).

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