Developers of Dogecoin said that the project, based this summer on the Binance Smart Chain blockchain, has nothing to do with the original altcoin, which was created in 2013
The price of Dogecoin 2.0 increased by 330% over the past 24 hours. The value of the altcoin exceeded $0.08. Daily trading volume of the digital coin increased by 310% and reached $229,000, according to CoinMarketCap. The rapid growth of the altcoin began after the Dogecoin Foundation demanded that the project change its name.
The nonprofit organization that develops and maintains Dogecoin published an appeal to users, pointing out that the Dogecoin 2.0 project has nothing to do with the original Dogecoin cryptocurrency created by Jackson Palmer and Billy Marcus in 2013. The Dogecoin Foundation has requested that the Dogecoin 2.0 project change its name so as not to mislead users.
Dogecoin Foundation resumed its work. What this means for altcoin
Dogecoin 2.0 cryptocurrency was created in early August on the Binance Smart Chain blockchain. Unlike Dogecoin, altcoin has a limited issue (100 million tokens).
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