Dogecoin (DOGE) might look like a fun meme coin, particularly as its price has absolutely skyrocketed in 2021. But behind the innocent Shiba Inu dog cartoon are some horrific stories. Those buying the cryptocurrency due to shilling and jokes from Tesla and SpaceX CEO Elon Musk, most likely have no idea of DOGE's early days. The early days Introduced by software engineers Billy Markus and Jackson Palmer in December 2013, Dogecoin's protocol followed Luckycoin and Litecoin (LTC) proof-of-work algorithm using Scrypt technology. It all started back on Christmas day, 2013, when Dogewallet announced that its webpage had been compromised, causing …
After a pump that highlighted the power of crowd mania and meme magic, Dogecoin has tumbled nearly 40% in a retreat from $.06 Friday highs, falling as low as $.033 this morning. For the influencers and Wall Street Bets refugees who joined in on the rise — many of whom were taking their first ride on what’s known to be a notoriously volatile chart — the price action reversal has been especially harrowing. Doge doing what it does best, welcoming people into crypto with a huge slap in the face. https://t.co/0GpiKe4B8U — RyanJK (@RJ_Kunz) January 30, 2021 Just yesterday, Dogecoin …
For the first time since 2015, Dogecoin (DOGE) is once again gracing the list of top ten crypto assets by market cap. In less than two days, DOGE has surged 900% from $0.0078 to post a new all-time high of $0.078 — breaking its previous high of $0.0185 by more than four times. As a result, the veteran meme-coin currently ranks as the seventh-largest crypto asset with a market cap of more than 9 billion, sitting above Chainlink and below Cardano. DOGE last traded for $0.073 at the time of writing. The sudden DOGE parabola has been attributed to an …
Notable figures in the decentralized finance (DeFi) community found themselves in hot water after joining a group to cook up a MEME-inspired token with the apparent intention of dumping on unsuspecting investors. Group members claim the whole thing was just a joke that’s been taken the wrong way. Leaked chat logs indicate that the FEW token ‘experiment’ was conceived by Idea Markets’ co-founder Sam Ratnaker, who started the Telegram group for the project on September 22. EthHub’s Anthony Sassano, Rocket NFT’s Alex Masmej, and Twitter user ‘DeFi Dude’ were amon among those invited to the channel. This is disappointing to …
Dogecoin's (DOGE) price has fallen notably after social media enthusiasts promoted the asset for days on Tik Tok in an effort to send the asset to $1. The escapade shows signs of conclusion according to OKCoin CMO Haider Rafique. "The Doge/Tik Tok effect is really down to the vitality of the Tik Tok platform, more than the crypto industry, as it thrives off of creating viral challenges - a category in which this Dogecoin challenge fits," Rafique told Cointelegraph on July 10. He added: "Tik Tok challenges tend to come and go in very short cycles, and looking at the …
Dave Portnoy, founder of Barstool Sports, recently ranted about the recent shilling of Dogecoin (DOGE) via Tik Tok. "What's going on with Dogecoin!?" Portnoy said in a recent video posted on Twitter. "It's a pump and dump," he added, calling Dogecoin "bubbly rosé." Tik Tok DOGE Challenge A recent effort shows the Tik Tok community attempting to pump DOGE up to $1 in a get-rich-quick fashion. DOGE currently boasts a 90% increase over the past 24 hours, according Cointelegraph data. "Everyone's buying this Dogecoin," Portnoy said in the video. "It's a cryptocurrency, it's fake life, people are buyin it — …