Dogecoin (DOGE) Offshoot Flagged as Scam by IT Security Company

Check Point Research (CPR), an IT security company, has raised concerns about the Dingo (DINGO) token. The Dogecoin offshoot is sitting in #774th place on crypto ranking website CoinMarketCap with a total market capitalization of $10.9 million.

Timeline of Dogecoin

The meme coin economy has grown significantly over the past 27 days, increasing 34.52% against the U.S. dollar. The largest meme coin by market capitalization, dogecoin, has risen 29.5% in the past month, while the second-largest meme coin, shiba inu, has jumped 71.9% in 30 days. Since Jan.

Dogecoin [DOGE] enjoyed a double boost in the past few days and wasn't showing signs of slowing down, at press time. Elon Musk's Twitter payment ecosystem plan, with a likely integration of cryptos, led to an uptick in its social volume, which boosted its rally.

Dogecoin (CRYPTO: DOGE) is set to release a new version of its blockchain tool, Libdogecoin, according to Michi Lumin, a core engineer of the meme crypto. The updated version 0.1.2 will come with improved features, such as mnemonic/seedphrase generation, QR code production, and better support for Microsoft Visual C++ and Visual Studio, Michin said.

Dogecoin has been gaining popularity in the cryptocurrency space due to its low price and potential for massive gains. Recently, a popular crypto trader predicted that Dogecoin could move up by 50% in the near future. This has caused some investors to wonder if now is the time to buy Dogecoin or not.

Dogecoin price analysis is bullish today as the coin continued upside above yesterday's $0.09154 price cap. DOGE/USD bulls remain in control of the market as the price action keeps pushing towards the resistance area at $0.09489, where a breakout might push DOGE to a new all-time high level of $0.1 or above.

A leading blockchain analytics firm reveals that more than 60% of meme token Dogecoin (DOGE) holders are in profit while the majority of rival meme token Shiba Inu (SHIB) owners are in the red. According to IntoTheBlock, 63% of DOGE holders are profitable in their investments while 35% are sitting on losses.

Dogecoin is losing its popularity, as its most prominent supporter, Elon Musk, is reportedly developing an independent Twitter Coin instead of integrating his favorite cryptocurrency with the social media platform.

In recent weeks, the crypto market has seen a surge in the popularity of meme coins as popular cryptocurrencies like Shiba Inu and Dogecoin are leading the meme coin rally this year.

The Dogecoin tipping bot on Twitter is one of the main hallmarks of DOGE adoption over the years. The bot made it possible for DOGE users to easily tip their favorite creators without much hassle, and with this ease of use, promoted the adoption of the meme coin.

Dogecoin price analysis for February 3, 2023, shows the meme cryptocurrency following an increasing movement for the last 48 hours. The price rose from $0.0884 to $0.0960 on February 2, 2023.