Dogecoin Evil Cousin DogeCoinDark Inflates by over 100%

By February 20, 2015Bitcoin Business
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Dogecoin Evil Cousin DogeCoinDark Inflates by over 100%

DogeCoinDark, one of the many altcoins struggling to level up with top cryptocurrencies, recently encountered a volatile spike in its market cap — over 100%.

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According to the available figures on coinmarketcap.com, Dogecoin’s “evil cousin” was lately valued around an ignorable 2 satoshi. Though in last few days, the coin’s Christmas came early with increased trading volume on Cryptsy. DogeCoinDark now stands around 12 satoshi, with its market cap hovering around $192k — a clear 100% rise.

An Overlong Calm before the Stormy Upsurge

DogeCoinDark entered trading around October last year with a minimal market cap of $24.5m on its head. Barring few little spikes, the cryptocurrency has remained near the same old level. Its last noted low before the volatile heightening was near $31.6m.

As we investigated into the reason behind the aforesaid anti-gravitational stunt, we frankly found nothing. The last post on DogeCoinDark Reddit page was made last month, while the coin’s Bitcoin Forum page has been left unattended from January 1st 2014.

Hence, there is practically nothing happening interns of fundamentals that could explain the impressive DogeCoinDark pump.

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DogeCoinDark Price — Where it Goes Now?

The spike indeed opens up near-term opportunities for small traders, waiting to make a quick wipe at the trade market. At the same time, an equally thrilling dump can also burn many pockets. A trial trade though won’t hurt, especially when the price is still pretty low enough to mourn over losses (if there will be any).

DogeCoinDark is indeed not a scam, as it doesn’t even care about its own existence for now. Someone has just injected life into this dark meme coin. It is now up to traders if they wish to extend its lifeline.

Disclaimer: Trading cryptocurrencies is a risky job. NewsBTC.com won’t be hold responsible for any losses incurred after following this article.

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