Dogecoin Developer Warns of Scams as DOGE Gains Institutional Traction

Dogecoin developer Inevitable360 has issued a warning about scams exploiting the DOGE brand, even as the cryptocurrency sees significant advancements. The Dogecoin Foundation’s release of Libdogecoin v0.1.4 and the launch of a Dogecoin ETP on Switzerland’s SIX Swiss Exchange highlight growing institutional interest. Here’s a detailed look at the latest developments shaping DOGE’s future.

Dogecoin Developer Issues Scam Warning Amid New Token Surge

Dogecoin developer Inevitable360 has warned the crypto community about scams leveraging the Doge name to promote unrelated tokens. Despite this, Dogecoin continues to gain traction with the release of Libdogecoin v0.1.4 by the Dogecoin Foundation, enhancing developer tools and security. Additionally, 21Shares and House of Doge launched a Dogecoin ETP on Switzerland’s SIX Swiss Exchange, expanding institutional access to DOGE.

Dogecoin (DOGE) Price Prediction: Golden Cross and $1 Hopes

Dogecoin, known for its lighthearted origins and strong community support, has recently gained momentum. A golden cross pattern has formed on the hourly chart, where the 50-period SMA has crossed above the 200-period SMA, suggesting strengthening upward momentum. This classic technical indicator appears amidst a hesitant market, sparking Optimism among investors about a potential big rally.

Why Have These 2 Dogecoin (DOGE) Competitors Been Touted as the Best Cryptos to Own as We Enter April 2025?

According to a recent technical study by CoinPedia, Dogecoin is in a bearish market trend right now. DOGE’s price has decreased by over 5% in the previous 24 hours alone following a loss of control over a vital support level. Given the generally unfavorable market attitude influencing the crypto industry, DOGE’s market view seems bleak, with a price of about $0.166. The trading volume of Dogecoin has also dropped sharply to its lowest point in 2025, suggesting that traders and investors are losing interest because it relies on speculative trading and lacks practical use.