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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities
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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Dogecoin Evil Cousin DogeCoinDark Inflates by over 100%

Yashu Gola
Yashu Gola
10 years ago
2 mins read

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Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

[Special Note: An earlier version of this article confused a wrong Bitcoin Talk thread as DogeCoinDark’s official thread. It seemingly led the article towards a wrong conclusion, saying that DCD is practically inactive. We deeply regret the error.]

DogeCoinDark, one of the many altcoins struggling to level up with top cryptocurrencies, recently encountered a volatile spike in its market cap — over 100%.

Screen Shot 2015-02-20 at 17.38.17

According to the available figures on coinmarketcap.com, Dogecoin’s “evil cousin” was lately valued around an ignorable 2 satoshi. Though in last few days, the coin’s Christmas came early with increased trading volume on Cryptsy. DogeCoinDark now stands around 12 satoshi, with its market cap hovering around $192k — a clear 100% rise.

An Overlong Calm before the Stormy Upsurge

DogeCoinDark entered trading around October last year with a minimal market cap of $24.5m on its head. Barring few little spikes, the cryptocurrency has remained near the same old level. Its last noted low before the volatile heightening was near $31.6m.

In the meantime, there is practically nothing happening in terms of fundamentals that could explain the impressive DogeCoinDark pump.

DogecoinDark darth vader cartoon newsbtc

DogeCoinDark Price — Where it Goes Now?

The spike indeed opens up near-term opportunities for small traders, waiting to make a quick wipe at the trade market. At the same time, an equally thrilling dump can also burn many pockets. A trial trade though won’t hurt, especially when the price is still pretty low enough to mourn over losses (if there will be any).

DogeCoinDark is indeed not a scam. By the look of its value chart, it seems that someone has just injected life into this dark meme coin. It is now up to traders if they wish to extend its lifeline.

Disclaimer: Trading cryptocurrencies is a risky job. NewsBTC.com won’t be hold responsible for any losses incurred after following this article.

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Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

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Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

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Comments 1

  1. P. H. Madore says:
    10 years ago

    I suppose the updated wallet with built-in block explorer (by the crackshot dev team) and limited coin supply in contrast to Dogecoin couldn’t have anything to do with it, then?

    Reply

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Comments 1

  1. P. H. Madore says:
    10 years ago

    I suppose the updated wallet with built-in block explorer (by the crackshot dev team) and limited coin supply in contrast to Dogecoin couldn’t have anything to do with it, then?

    Reply

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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