Notably, Elon Musk tweet pumped over 9 per cent in price by the earlier day of Dogecoin on December 25. Moreover, McDonald’s response to Elon Musk’s push for the fast-food chain to simply accept dogecoin generated a brand new cryptocurrency known as grimacecoin to rise greater than 285,000 per cent, according to varied media experiences.
Word, nevertheless, that since Doge is such a peculiar crypto project, it does come with some cautionary tales. The coin is beloved by pump-and-dumpers – people who love to manipulate the market, artificially inflate the value of a specific cryptocurrency, after which dump all of their coins, thus crashing their worth exponentially.
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