Dogecoin, formerly created to make fun of the idea of cryptocurrency as a replacement or upgrade for the traditional finance system, has gained much popularity and grown in value despite its “joke” status. IBM software Billy Markus and Jackson Palmer designed Dogecoin in 2013 to create a digital currency that could reach more people than Bitcoin. All thanks to the early believers and the constant push by the innovative enthusiast, Elon Musk, the dog coin has gained considerable recognition in recent times.
Another dog coin, Dogecoin 2.0 has come to the limelight which many thought to have been affiliated with Dogecoin initially. With further research, different teams created the two coins and serve similar use cases, but are distinct in some aspects. The new dog coin, Dogecoin 2.0 “aims to offer prolonged growth in utilizing a much sustainable tokenomics structure than its somewhat inflated predecessor.”
Is Dogecoin 2.0 a threat to Dogecoin?
Dogecoin 2.0 became a threat to Dogecoin after it saw a staggering price increase with an All-Time-High (ATH) of $0.28/token despite not being listed on any top exchange. The father dog coin was not happy with this development and has declared that it “has no connection or relationship with Dogecoin.” Dogecoin has requested in its statement that Dogecoin 2.0’s team rebrand the project, including a change of name that doesn’t associate and infringe on the rights and reputation of Dogecoin.
Since the creation of the Dogecoin, there have been imitations from Shiba Inu (SHIB) to Baby Dogecoin and others, but none has come close to drawing a reaction from the parent dog coin. The Dogecoin 2.0 has considered the request from Dogecoin an unreasonable one and has declared total war on the Dogecoin Foundation. We wait to see what happens in the fight between the dog tokens. We promise to always keep you updated.