Dave Portnoy, founder of Barstool Sports, a company which was recently acquired by Penn National Gaming for a whopping $450 million, called out the move in a short video he shared on Twitter.
In the video, he laconically asked: “What's going on with Dogecoin?!” He continued by arguing that the pump and dump created a new bubble. Meanwhile, the TikTok community has been putting a lot of effort to bring the value of $DOGE to $1, as if trying to make owners rich quickly.
With a 90% increase in the value of DOGE over the past 24 hours, this is not a healthy nor stable growth, and puts the crypto sector under a bad light. The downside to the gaming industry is that Dogecoin is one of many usable tokens at crypto casinos.
Following the recent mass-purchase, we can probably presage a severe crash in its value, prompting smart Dogecoin owners to exchange their tokens now while the pricing offers a good rate.
At Crypto Gambling News we aim to promote more liquid, established gambling tokens and operators, such as bitcoin casinos. Alternatively, you could try your luck with specific gambling tokens like $FUN, playable at CasinoFair.
Dogecoin's heady increase is bound to find a sudden, abrupt crash at some point, and Mr. Portnoy is right to call out the oddity in the pricing of the currency in public.
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