Another Musk-Inspired Token Soars

Another Dogecoin knockoff has come to market, calling itself Doge-1, and has been released in honor of an upcoming project that will go to the moon on a SpaceX Falcon 9 rocket. Why? In May, Canadian firm Geometric Energy Corporation announced the Doge-1 mission to the moon. The Doge-1 token lives on the BSC Blockchain and describes itself as a deflationary token that offers rewards in DOGE. The project tied to Doge-1 also released a statement saying that the token comes with investor protection and there’s a limit on how many tokens a wallet can hold and transact. Meanwhile, Dogecoin co-founder Billy Markus issued a warning, asking, “would you invest in a company that just started a day ago, makes wild promises for riches and/or future work, has nothing to show for their words, and has random anonymous people behind it?” Even though Markus issued such a stark warning, some DOGE knockoffs soared with ShibaDoge rising over 610% in the last 30 days while Black Shiba Inu rose over 164% in that same time. At press time, Dogecoin was trading at 13.92 cents, down over 2% on increased volume and a slight dip in its market cap.