CRYPTO

Dogcoin loses 0% against Bitcoin within months of celebrity DOGE approval


Dogecoin (DOGE) may have landed Mark Cuban, the main proponent in hot water, because it hit against Bitcoin (BTC) in less than half a year.

DOGE / BTC 1-week candlestick chart (Bitrex). Source: Tradingview

“Give it a banana now”

Data from Cointelegraph Markets Pro and Trading View showed the DOGE / BTC lagging behind at 1412 Satoshi (0.00000412 BTC) on October 14 – down from a high of 1,284 satoshis (0.00001284 BTC) in April.

As Bitcoin surpassed Altcoin this month, the pain for Dougcoin investors has been particularly intense after months of campaigning by Cubans and others, including the world’s richest man Elon Musk.

Nothing has been able to reverse the fate of meme-based cryptocurrencies, however, and now, frustrated commentators are even demanding an explanation.

Cuban lined up for revenge this week, with podcast host Preston Paish suggesting that Dougcoin has been taken to its heights on U.S. national television – at least – misguided.

Associate scholar Peter McCormack called on Cubans to comment on the situation against the backdrop of criticism of Bitcoin.

Twitter users have further fueled Cuba’s claim that it will buy bananas rather than BTC, joking about Dougcoin’s purchasing power when measured in fruit.

In August, Cuba Stated That he owned less than ড 500 of Doug.

Was it DOGE’s day?

Musk, meanwhile, has moved to include the Dogcoin spin-off cryptocurrency in his publicity efforts, seeing huge gains behind the most innocuous comments as well.

Related: Elon Musk’s Tesla has already made লাভ 1 billion in Bitcoin

One such currency, the SHIB, has since seen a lot of sales from large investors known as whales.

The CEO of Tesla did not escape the wrath of Bitcoin earlier this year, but his dogcoin activities met the demands of investors.

As Cointelegraph reports, Altcoins are advised for a renaissance if Bitcoin hits the top of its cycle, it is currently scheduled for early 2022.