One of the most popular meme coins, Dogecoin, is taking the global crypto market by storm with Dogechain headlines. Dogechain is supposed to bridge over Dogecoin (DOGE) to help crypto investors enter the DeFi services with the potential future in the NFT market. DOGE is gaining popularity for the launch of Dogechain as its utility for crypto investors. Meanwhile, DOGE founders have defied that this Dogechain will ensure that crypto investors will be turned into millionaires in this highly volatile crypto market.
Dogecoin has increased its price for the new information on the launch of the so-called layer-2 for Dogecoin. It holds the power to enable the creation of DeFi protocols, DApps, as well as NFT collectibles with a wide range of interactive games. Crypto investors and DOGE founders have claimed that Dogechain is not built on top of Dogecoin but it is a separate network based on Polygon Edge. It is a customized blockchain network from one of the top Ethereum sidechains known as Polygon.
DOGE founders have declined the fact that Dogechain is an official part of many Dogecoin projects. They have claimed that Dogecoin is not at all involved with Dogechain as well as the DOGE founders. Thus, Dogecoin has not guaranteed all crypto investors that they can turn into millionaires after investing in Dogechain in the highly volatile crypto market. Dogechain has followed the patterns of DOGE community to make it think like these two are connected to each other.
Dogechain has ensured crypto investors with future plans of airdropping native tokens for Dogecoin crypto investors and many others. After the official declaration of DOGE founders declining the involvement with Dogechain, crypto investors have become careful within this risky venture. But this had led to the increase in the DOGE price for the EVM-compatible Dogechain network. DOGE founders also claimed that Dogechain is not an affiliated product and the paid media in the global crypto market has started spreading false information to confuse crypto investors. It is just another knockoff token of Dogecoin for crypto investors to be more careful before making any investment decision.
Thus, crypto investors must deal with Dogecoin and Dogechain separately as it is evident that these two are not connected with each other. Now it is up to them whether they want to drive profit or lose bucks instead of becoming a millionaire crypto investor.
Bitcoin at Crisis! Fails to Regain Traders' Faith After Slipping Through US$24K
Google is Infusing LLM into Home Robots! Where is it Taking us?
Why AIOps Can Be Essential for Engineering in The Future
PyPi Python Packages are the New Source of Supply Chain Attacks
Zuckerberg's Metaverse Avatar again Screams 'Basic'! Gets Twitter Criticism
Tornado Cash has Made Normal DeFi Founders Vulnerable and Incapable
Top 10 Convolutional Neural Network Questions Asked in FAANG Interviews
If Constipation is What Bothers You, Make a Visit to this AI Doctor
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.