In the world of cryptocurrency, two divergent paths for digital assets have been painted. Recently, Dogecoin is facing allegations of market manipulation by Elon Musk. This legal battle began in June of this year, and it has been labelled as ‘abusive and belligerent’ by Musk’s legal representative, Alex Shapiro. The suit demands $258 billion in damages for claims of insider trading and market manipulation. The currency has only seen a 2% gain in the last week, likely due to the close ties between Dogecoin and the billionaire’s fortunes.
In stark contrast, Golden Inu’s ERC20 token ($GOLDEN) has achieved an impressive all-time high (ATH). The token’s value has increased by 125%, and is expected to increase up to 900% after being listed on CoinMarketCap and CoinGecko. The Golden Horde community is looking forward to the potential growth of the most useful memecoin ecosystem in the market.
These stories have a wide range of perspectives, and the contrasts between them are stark. Dogecoin is trapped in a legal storm, while Golden Inu’s ERC20 token progresses upwards. Market participants are closely watching to see what impact these events will have on the respective projects, and on the crypto-domain as a whole.
