Dogecoin 2.0 continues to gain traction despite warnings from the original Dogecoin Foundation and has gained over 500% in the last 24 hours. The meteoric rise in the price of the meme-inspired cryptocurrency Dogecoin has sparked many other “crypto dog” token versions in hopes of achieving a similar effect.

Alert from DOGE Foundation

Every time someone writes “DOGE” on CoinMarketCap, 94 more results come up besides the very popular DOGE. DOGE 2.0, SHIBA Inu (SHIB), Dogelon Mars, Doge Cash and the list goes on. Dogecoin 2.0 was the last to enter the meme coin family. The altcoin advertises itself as the upgraded Doge-a DeFi token on the Binance Smart Chain (BSC). However, the Dogecoin Foundation has issued a statement outlining its affiliation with the new Dogecoin 2.0 project, saying that Doge 2.0 has no affiliation with the original DOGE. DOGE2’s price skyrocketed due to its listing on several top crypto exchanges.

noted that DOGE2 is in no way linked to DOGE. He stated that the similarities in the names of these two different crypto projects would create a lot of confusion among Dogecoin investors and would later tarnish the name of the DOGE2 project should it have any major issues. As a result, DOGE2 asked the developers to change the name of the project so that it would no longer be confused with the original DOGE project.

Dogecoin 2.0 meteoric rise in one day

Still, the Dogecoin Foundation is hopeful that the development team of Dogecoin 2.0 will choose a new name for their project. A project that “does not violate the rights and reputation of the DOGE project”. Now, while the aforementioned language may seem friendly, Dogecoin2. It seems that 0 is not in the mood to respond to the mudollars. DOGE2 team, “Dogecoin2. 0 aims to offer investors long-term growth using a much more sustainable tokenomic structure than its slightly inflated predecessor. ” says.

While all this was going on, DOGE2 continued its rise. It gained more than 500 percent in one day. It rose from $0.04 to $0.27 in the past 24 hours, according to data from CoinMarketCap. It registered an all-time high (ATH) of $0.2763, according to CMC.

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Michael Lewis


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