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Dogecoin, the meme turned cryptocurrency grew to become the Gamestop of the crypto world as its worth surged over 800% to create a brand new ATH of $0.077. Nevertheless, the value has cooled off because the information of a doable DoS assault surfaced.

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Roobet

The meme coin grew to become the crypto world’s very personal GME inventory post-Robinhood halted the commerce for Dogecoin as properly. The worth began rising yesterday and skyrocketed at the moment earlier than registering a cool off in the direction of the top of the day. The excessive rise additionally poses the chance of the same fall as noticed within the case of GameStop shares which traded as excessive as $479 earlier than seeing their spot worth fall to $150 ranges.

Will Dogecoin Want an Elon Push?

Dogecoin being a meme coin has additionally helped it acquire the eye of serial entrepreneur Elon Musk who has been topped as an unofficial CEO of the cryptocurrency.  Elon Musk’s Tweet on GME despatched its market cap up by $4 billion, and lots of anticipated Musk to do the identical for DOGE being its social media ambassador. Nevertheless, regardless of his common shills for the DOGE token Musk hasn’t responded to the large rise.

As the value decline begins and market sentiment turning brief in the direction of the meme token, many would hope Musk to shill for the token.

At present Musk managed to swing Bitcoin worth by practically 13% when he modified his Twitter bio to Bitcoin which noticed the highest cryptocurrency worth shoot from $32,000 to $36,000 inside minutes.

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Nexo

The Dos assault on the meme foreign money didn’t draw a lot consideration from the group presumably due to its meme standing, however the worth appears to have taken successful from its early morning highs.

Dogecoin managed to interrupt into the top-10 listing of cryptocurrencies by market cap briefly earlier than its worth fell beneath $0.05.  The meme coin is at present trying to regain its place above $0.05.

 

To maintain observe of DeFi updates in actual time, take a look at our DeFi information feed Right here.

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