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According to Cointelegraph, Dogecoin’s official Twitter today warned traders not to engage in speculative activities: “Please make the right choice and don’t be influenced or manipulated by others’ FOMO. Be safe. Be smart.” Earlier news, Due to the crazy spread of a Dogecoin challenge video on the short video platform TikTok, the price of Dogecoin increased by 50% within 24 hours. As of press time, its price was $0.042, the highest price since October 2018

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There are certainly more reasons why Dogecoin is so popular. Technically, Dogecoin is actually a faction with Litecoin, which is based on the Scrypt algorithm and, like Litecoin, is easier to trade than Bitcoin, and they have more numbers, with Dogecoin digging up to 100 billion, compared with 21 million bitcoins. Palmer also noted that Dogecoin is not like Bitcoin, where people don't get involved just for the sake of speculation, which is a way of sharing and thanking.

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Since arbitrage involves entanglement Doge, assuming that the LTC, Doge coin price is maintained at $75,0.0025 for a short period of time, the arbitrage space automatically disappears when the entanglement ratio of CZZ/DOGE rises to 1:30.