• DOGE accumulated gains of 8% MTD.
  • Whale transactions spiked to a two-month high recently.

Dogecoin [DOGE], the original memecoin, sharply corrected in the last 24 hours of trading, raising questions about the sustainability of its latest rally.

Despite the allure of quick gains, the so-called memecoins continue to be a risky proposition in crypto-markets. And no, it’s not just me saying this either! Your school buddy, your boss after that boring meeting, your Facebook penpal, ALL may have warned you about the dangers of owning these “non-serious” digital assets.

Testing the patience, eh

The dog-themed token started gaining momentum on the 17th of February and sailed 8% to as high as $0.090 on the 2oth of February at 12:45 am UTC, according to CoinMarketCap.

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Author: Aniket Verma

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