The community of Dogecoin warned people to remain away from the useless & untrusted tokens, issued by third-party untrusted projects dedicated to Dogecoin.
Dogecoin is a popular meme coin. This is only a coin, which has full support from the richest person Tesla CEO Elon Musk. In 2020, Elon started to support Dogecoin and later his support turned Dogecoin into a flagship crypto asset. At the current $9 billion global trade volume, Dogecoin stands at 10th rank in this crypto industry.
Recently, the Dogecoin community issued its warning in favor of innocent users, to keep them away from Ponzi crypto projects.
The Dogecoin community urged Dogecoin lovers not to go with third-party blockchain projects, which are giving useless tokens in return for real Dogecoin.
The warning targeted the Dogechain project, which claims to bring Defi & NFTs on the Dogecoin blockchain via the use of the wrapped Dogecoin concept in its smart contract protocol.
“Dear #Dogecoin, stay away from these new chains being pushed your way. These parties – and influencers collaborating with them – are trying to convince you to put your Doge into their bridge and chain, thus under their full control.”
Earlier, around a week ago, the official Twitter account of Dogecoin also released a public warning and said that in the past 9 years many coins came and go but here Dogecoin is Dogecoin and it is available on its blockchain network, and also there is no direct connection with any kind of token.
At present time price of Dogecoin is $0.0683 and this price is 4% down over the last 24 hours’ trade price.
However, here Dogecoin is down over the last day but analysis hints that Dogecoin may outperform and may surge by 14% in the next few days.