Recently Dogecoin developer meant a up-to-date attempt to fraudwarning the community about the development of suspicious token promotion. Despite the decentralized nature of the cryptocurrency space, fraud is growing, especially including speculative assets such as Dogecoin (Doge).
Dogecoin developer warns against a up-to-date fraud
The nickname DEWELOPER Dogecoin known as “Inevitable360” took to X (previously Twitter) announce Raise in the up-to-date fraud in the Doge community. He published clear Warning for community members About suspicious tokena promotions that try to associate with the Dogecoin brand and mission.
According to INEVITAL360, every digital resource promoted rather as a token, not a cryptocurrency Dogecoin and Bitcoin should be treated as a potential scheme. He emphasized the distinction between tokens and agreed cryptocurrencies, indicating that Doge and Bitcoin are supported by their independent blocks, which gives them an ID.
Considering the robust reputation of the dog as number one coin, the developer expressed sedate concern Suspicious token promotions This refers to the name or spirit of the community. One of the special examples noticed in his warnings is “Dogevan”, a up-to-date project, which some members of the Dogecoin community have recently started marketing.
In particular, unavoidable360 ceased to reveal detailed details about the structure of the project or its supporters. Nevertheless, he advised community members to be careful and avoid assuming that such projects have official support or a reasonable connection with Dogecoin.
Main concern for this Up-to-date scam is that some people can exploit the dog, which is known for their popularity, robust community and philanthropic reputation to obtain adhesion or financing of unrelated and potentially deceitful token schemes. Strengthening his point, inevitable 360, he emphasized that the real charity intention does not require the creation or promotion of the token.
The developer’s fraud is served as a reminder of the Doge community to maintain vigilance, verify all suspicious claims and avoid supporting projects without appropriate foundations or technical foundations.
Doge price is preparing for stubborn phrases
Among Rising activities of fraud In the Dogecoin community, its price is still decreasing, trying to record all significant profits and direct its value to previous maximas. Although the meme coin It stays downwith the price, which is currently to be $ 0.16, cryptographic analyst Javon Marx MA anticipated Potential from 200% to 300% increases to an target above 0.73 USD for a meme coin.
According to Marx, Doge can prepare for another “magical stubborn performance” to achieve up-to-date ups of all time. The analyst presented a clear table showing the historical analysis of Dogecoin prices with a repetitive Falling wedge.
In each case, the price races in a falling wedge before breaking up and making a robust rally. The current falling dogcoin wedge has already exploded after the creation Bull’s flag. This suggests that the meme coin can prepare for robust movement up, as well as previous cycles.
A distinguished picture from Pexels, chart from tradingview.com
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