updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131A new Dogecoin (CRYPTO: DOGE)-knockoff called “Doge-1” that celebrates the DOGE-1 moon landing was announced Sunday.
What Happened: The Doge-1 token on the BSC Blockchain describes itself as a deflationary token that dishes out rewards in DOGE.
Q1 2022 Elon Musk will launch satellite Doge-1 to the moon! Doge-1 is a deflationary reward token in Doge.https://t.co/1zj84uCxGuhttps://t.co/7kLkhPsf7p#Doge #Dogecoin #Dogecointothemoon #BTC #Bitcoin #crypto #cryptocurrency #DOGE1 #Binance #BinanceSmartChain @elonmusk pic.twitter.com/61moKSWS2H
— Doge1 Mission (@Mission_Doge1) January 17, 2022
The project linked to Doge-1 said in a statement that the token comes with “investor protection” and there’s a limit on “how many tokens a wallet can hold and transact.”
The launch of yet another DOGE knockoff takes place amid warnings issued by Dogecoin co-creator Billy Markus. He broached the topic Sunday in a tweet.
would you invest in a company that just started a day ago, makes wild promises for riches and/or future work, has nothing to show for their words, and has random anonymous people behind it?
why do people “invest” crap tokens / NFT “metaverse” projects doing this?
¯_(ツ)_/¯
— Shibetoshi Nakamoto (@BillyM2k) January 30, 2022
See Also: How To Buy Dogecoin (DOGE)
Why It Matters: In May, a Canadian company, Geometric Energy Corporation, announced the “DOGE-1 Mission to the Moon” aboard a SpaceX Falcon 9 rocket.
SpaceX is headed by Tesla Inc (NASDAQ:TSLA) CEO and DOGE-bull Elon Musk.
This is not the first time Markus has commented on Dog-themed rivals of his co-creation. Earlier in December, he had laid out the differences between Shiba Inu (SHIB) and DOGE, the latter is a token on the Ethereum (ETH) network. At the time Markus, had pointed to the high transaction costs attached with SHIB.
Markus’ warnings aside, some knock-off coins like ShibaDoge (SHIBDOGE) and Black Shiba Inu (SHIBB) have risen 610.1% and 164.4% over the last 30 days.
DOGE has dropped 19.7% in the last 30 days. Since the year began, it has fallen 20.7%.
Price Action: At press time, DOGE traded 3.6% lower over 24 hours at $0.14.
Read Next: Is It Getting More Profitable To Short Dogecoin Than Going Long Based On Elon Musk’s Tweets?