DOGINME saw a significant 162% surge after being added to Coinbase's roadmap, leading to a massive 246% increase in trading volume over the past 24 hours. This announcement boosted the coin's popularity in the cryptocurrency market, as investors rushed to buy it amid expectations of further growth.
The coin reached a price of $0.001064 at its peak before settling at $0.000773, reflecting a staggering 297% weekly gain. The coin's market cap also surpassed $53 million, placing it in the spotlight among meme coins that experience rapid movement and intense speculation.
Despite this strong surge, it was not without controversy, with some observers criticizing Coinbase's decision to list a new meme coin, arguing that the market was already overflowing with similar coins. These skeptics believe that supporting more meme coins could lead to unsustainable price bubbles, especially since many rely more on hype than actual value or solid projects.
In contrast, Floki Inu has faced a different controversy, with rumors circulating about a possible delisting from Coinbase, which raised concerns among coin holders. However, the platform quickly denied these reports, confirming that trading on Floki Inu had not been canceled, but rather was suspended in New York due to state-specific regulatory restrictions, not as part of a broader delisting plan.
This disparity between the two coins reflects the dynamics of the cryptocurrency market, where a single piece of news can lead to massive spikes or fears of sudden collapses, making investing in these assets risky yet full of opportunities.
