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Dogecoin 2.0<\/strong> (CRYPTO: DOGE2) saw a staggering price increase despite the Dogecoin Foundation behind its older brother Dogecoin<\/strong> (CRYPTO: DOGE) being angered by the project.<\/p>\n
What Happened:<\/strong> According to CoinMarketCap data<\/a>, Dogecoin 2.0’s price increased by over 345% from its 24-hour low of $0.01868 to a high of $0.08325 before settling at $0.07561 as of press time.<\/p>\n
The coin describes itself as an “Upgraded Dogecoin” in the form of a decentralized finance (DeFi) token on the Binance Smart Chain<\/strong> (CRYPTO: BNB) created by the community of the original Dogecoin.<\/p>\n
Read Also:<\/em> Dogecoin Foundation Returns After 6-Year Hiatus; Ethereum’s Vitalik Buterin, Musk Rep Jared Birchall Join Board<\/a><\/em><\/p>\n
The Dogecoin foundation issued a stern warning<\/a> against its latest copycat. The organization tasked with support for Dogecoin’s core developers and projects that make use of it was re-established<\/a> after a six years halt with the participation of Ethereum<\/strong> (CRYPTO: ETH) co-founder Vitalik Buterin and tech tycoon Elon Musk.<\/p>\n
Why Is Dogecoin Foundation Not Happy?<\/strong> In its warning, the Dogecoin Foundation notes that Dogecoin 2.0 “has no connection to or relationship with Dogecoin.”<\/p>\n
Furthermore, the organization already purportedly mobilized its “brand protection lawyers” to contact the developers of the ‘Dogecoin 2.0’ product.<\/p>\n
The announcement reads that the team hopes that its “reasonable request” will result in Dogecoin 2.0’s team rebranding the project to a name that “does not infringe on the rights and reputation of” Dogecoin.<\/p>\n
See more from Benzinga<\/strong><\/p>\n
\u00a9 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/i><\/p>\n<\/div>\n
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Dogecoin 2.0 (CRYPTO: DOGE2) saw a staggering price increase despite the Dogecoin Foundation behind its older brother Dogecoin (CRYPTO: DOGE) being angered by the project. What Happened: According to CoinMarketCap data, Dogecoin 2.0’s price increased by over 345% from its 24-hour low of $0.01868 to a high of $0.08325 before settling at $0.07561 as of […]<\/p>\n","protected":false},"author":1,"featured_media":5580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[81,768,4017],"class_list":{"0":"post-5579","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dogecoin","8":"tag-dogecoin","9":"tag-foundation","10":"tag-happy"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/5579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/comments?post=5579"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/5579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/5580"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=5579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=5579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=5579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}