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Why Dogecoin Just Slid by 6%

Rich Smith, The Motley Fool
·2-min read
Why Dogecoin Just Slid by 6%

Dogecoin (CRYPTO: DOGE) was in the doghouse Friday morning. As of 10:40 a.m. EDT, Elon Musk's favorite cryptocurrency had dropped by 6.2% from Thursday's value, and folks looking for a reason why might want to turn their attention to Fred Ehrsam. In an interview Wednesday on Bloomberg TV, Ehrsam, the co-founder of cryptocurrency trading platform Coinbase (NASDAQ: COIN), delivered this prediction: "90% of NFTs produced ... will have little to no value in three to five years."

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