Published:

3 September 2021 00:30 GMT

The Dogecoin Foundation has confirmed that it has nothing to do with the project and has urged its creators to choose a new name.

The value of cryptocurrency Dogecoin 2.0 has risen 457.6% in the last 24 hours, trading at $ 0.1599 per unit, its all-time high, according to the portal’s latest updated data. CoinGecko.

Launched on the Binance Smart Chain Network last May, the coin has recently received a lot of publicity. According to CryptoPotato, DOGE2 has risen due to its listing on several major cryptographic exchange sites.

It is one of the many digital currencies created as a result of the success of Dogecoin, a cryptocurrency inspired by a popular web meme, currently valued at $ 0.2997 per unit. Get a similar effect.

The Dogecoin Foundation, an organization that supports key developers and projects that work with that cryptocurrency, including businessman Elon Musk and Ethereum co-founder Vitálik Buterin, was released on Tuesday Release About staying away from the Dogecoing 2.0 program.

“We welcome new entrants to the crypto space. We have asked our brand security lawyers to contact the developers of the Dogecoin 2.0 product to protect the Dogein community from being misled and to protect the Dogecoin name from possible misuse,” he added.

They also hope that the development team of the new cryptocurrency will choose a new name for their project and that it will not infringe on the rights and reputation of Dojcoin’s project. “We look forward to any innovations you can make in yourself Future efforts“, Concludes the report.

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Last month the new digital currency Baby Dog rose 228% and Musk wrote a tweet about cryptocurrency in a single day. This is a modified version of Dogecoin, which features new cryptography and “advanced transaction speeds”.

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