Notably, Elon Musk tweet pumped over 9 per cent in worth by the previous day of Dogecoin on December 25. Moreover, McDonald’s response to Elon Musk’s push payment gateway plugin for oscommerce the quick-food chain to simply accept dogecoin generated a brand new cryptocurrency called grimacecoin to rise more than 285,000 per cent, in accordance to numerous media studies.
Word, however, that since Doge is such a peculiar crypto mission, it does come with some cautionary tales. The coin is beloved by pump-and-dumpers – individuals who love to govern the market, artificially inflate the price of a particular cryptocurrency, after which dump all of their coins, thus crashing their value exponentially.
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