The co-founder and CEO of IOHK spoke about the dangers of the current Dogecoin hype.
CEO Cardanobelieves that there are no fundamental factors behind the rapidly growing market value of Dogecoin.
He noted that the rise in prices was largely due to the promotion of the coin by Elon Musk on Twitter and "manipulation of the market by smart whales", possibly referring to r / WallStreetBets.
Hoskinson claims Dogecoin's riseunstable. Dogecoin does not have a stable development team, the code is largely copying bitcoin and the coin is not well equipped to deal with security issues if any.
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