{"id":59210,"date":"2025-04-14T19:00:41","date_gmt":"2025-04-14T19:00:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=59210"},"modified":"2025-04-14T19:00:41","modified_gmt":"2025-04-14T19:00:41","slug":"dogecoin-doge-scam-warning-dont-fall-for-this-dangerous-trap","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=59210","title":{"rendered":"Dogecoin (DOGE) Scam Warning: Don\u2019t Fall for This Dangerous Trap"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

One Dogecoin developer cautioned the community to avoid people promoting dubious tokens resembling Dogecoin\u2019s name.<\/p>\n

DOGE\u2019s price is heating up after a solid week, with analysts predicting a potential surge toward $0.29 and even new highs.<\/p>\n

<\/a><\/span><\/h2>\n

DOGE Community, Stay Alert<\/h2>\n

The biggest meme coin has one of the largest and most devoted community bases across all cryptocurrencies, making it a prime target for fraudulent schemes.\u00a0<\/span><\/p>\n

The pseudonymous developer and prominent contributor in the Dogecoin ecosystem, who goes by the X moniker inevitable360 <\/span>recently<\/span> issued<\/span><\/a> an important warning. <\/span><\/p>\n

They advised community members to stay away from anyone promoting tokens that resemble the OG meme coin\u2019s name. The X user opined that those should be taken as schemes since they don\u2019t have their own blockchain, like Dogecoin or Bitcoin, for example.\u00a0<\/span><\/p>\n

\u201cIf someone <\/span>really<\/span> wants to help others or save dogs, <\/span>don\u2019t<\/span> need any token <\/span>no<\/span> matter the excuse,\u201d the developer added.<\/span><\/p>\n

The cautionary note follows Dogecoin\u2019s recent advancements, which have fueled optimism within the community. Last week, 21Shares teamed up with the House of Doge to launch Dogecoin ETP on the SIX Swiss Exchange. The product is 100% physically backed, \u201coffering a transparent and seamless way\u201d for investors to gain exposure to the asset through traditional financial channels.<\/span><\/p>\n

Additionally, 21Shares <\/span>filed<\/span><\/a> with the US Securities and Exchange Commission (SEC) for approval to introduce a spot Dogecoin ETF. Thus, it followed the example of Grayscale and Bitwise, which have previously displayed such intentions. As of this writing, the chances of an approved spot DOGE ETF before the end of 2025 <\/span>stand<\/span><\/a> at around 64%.\u00a0<\/span><\/p>\n

DOGE Price Outlook<\/span><\/h2>\n

The warning also comes after a successful week for the token, during which its price has risen by almost 20%. <\/span>Currently,<\/span> it trades at around $0.16, while the market capitalization stands just south of $25 billion.<\/span><\/p>\n

<\/a>DOGE Price, Source: CoinGecko<\/p>\n

Some analysts believe the uptrend is still at its starting point<\/span>, envisioning<\/span> further gains in the short term.<\/span> Ali Martinez <\/span>claimed<\/span><\/a> a close above $0.17 could open the door to an upswing to $0.21 or $0.29 as long as Dogecoin holds the key $0.13 support.<\/span><\/p>\n

The X user <\/span>JAVON<\/span> MARKS<\/span> is even more optimistic.<\/span> They <\/span>think<\/span><\/a> DOGE looks ready to put on \u201cyet another magical bullish performance\u201d to a new all-time high.<\/span><\/p>\n

The post Dogecoin (DOGE) Scam Warning: Don\u2019t Fall for This Dangerous Trap<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR One Dogecoin developer cautioned the community to avoid people promoting dubious tokens resembling Dogecoin\u2019s name. DOGE\u2019s price is heating up after a solid week, with analysts predicting a potential surge toward $0.29 and even new highs. DOGE Community, Stay Alert The biggest meme coin has one of the largest and most devoted community bases […]<\/p>\n","protected":false},"author":0,"featured_media":59211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-59210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59210"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59210"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/59211"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}