A Dogecoin Foundation member recently issued a warning to the crypto community. Meanwhile, Ethereum (ETH) and Everlodge (ELDG) are relatively firm.
Dogecoin: the crypto warning
The Dogecoin Foundation, an organization dedicated to developing and promoting the meme-inspired coin, has a familiar presence in the scene.
Misha Boar, a member of the Dogecoin Foundation, recently issued a warning, pointing to the growing number of phishing scams in the industry. He advised his audience to withdraw funds from “dogechain dot info” and other centralized exchanges.
While this statement sparked a debate, DOGE prices remain in an uptrend. DOGE prices rose from $0.070 to $0.074 in three days from Nov. 4.
Based on this, analysts are bullish on the coin, forecasting it to reach $0.098 by December 2023.
Ethereum: rising exchange outflows
While the warning from the Dogecoin Foundation has sparked conversation, it’s crucial to consider broader market dynamics, especially for coins like Ethereum (ETH).
In recent Ethereum news, it was noted that more ETH were moving from centralized exchanges.
According to IntoTheBlock, approximately $210 million worth of ETH left centralized exchanges (CEXs) in late October; the highest in seven days since August.