Don’t Fall for This Dangerous Trap

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DOGE Community, Stay Alert

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.

A recent warning was issued by a prominent developer and contributor in the Dogecoin ecosystem, known by the pseudonym inevitable360. The developer cautioned the community to be vigilant and avoid people promoting dubious tokens that resemble Dogecoin’s name.

If someone really wants to help others or save dogs, don’t need any token, no matter the excuse.

The warning comes at a time when Dogecoin’s price is heating up, with analysts predicting a potential surge toward $0.29 and even new highs.

DOGE Price Outlook

After a successful week, the token’s price has risen by almost 20%. Currently, it trades at around $0.16, with a market capitalization of just south of $25 billion.

DOGE Price, Source: CoinGecko

Some analysts believe the uptrend is still at its starting point, envisioning further gains in the short term. Ali Martinez claimed 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.

The X user JAVON MARKS is even more optimistic, thinking DOGE looks ready to put on “yet another magical bullish performance” to a new all-time high.

Conclusion

In conclusion, the Dogecoin community must remain vigilant and cautious of fraudulent schemes. With Dogecoin’s price on the rise, it is essential to stay informed and avoid getting caught up in dubious token promotions. As the community continues to grow and thrive, it is crucial to prioritize transparency and security.