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In this way, the internet legend shifted from Doge to Dogecoin. On December 6th, on BitcoinTalk, a well-known Bitcoin forum, a new member named Dogecoin posted a message about a competitive coin named Dogecoin, which Chinese translates as a dog coin, cute and memorable. The title of the post is Dogecoin - very currency - many coin - wow - v1.1 Released, and the style of the teaser is in line with Doge's.

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Jay Hao, chief executive of OKEx, gave a positive assessment of popular meme cryptocurrencies. In a conversation with Cointegraph, he made it clear that although it is a meme-based cryptocurrency, he has a positive view of the cryptocurrency. However, BTC's Ryze raised strong objections to Dogecoin after prices fell following a price frenzy triggered by the TikTok challenge. DOGE prices rose 150 percent last week, one of the most important gains in three days. TikTok's challenge to the price of dog coins has led to explosive increases. The DOGE/USD price rate fell after hitting a high near $0.00569 on July 8. BTC's Ryze made a tough argument against Dogecoin after it said memes acted like cryptocurrencies in 2017.

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DOGE is the strangest and most popular shitcoin /memecoin. Actually, is it still a coin? Is Shitcoin worth more than many of the world's island nations? The birth of DOGE may be a joke, but its image and value in the current market is no longer a joke. With a market capitalisation of $305.6 million, does anyone dare to laugh at DOGE?