Was Dogecoin’s 20% Surge An April Fool’s Joke?

Dogecoin was in the altcoin news yesterday on our DC Forecasts crypto news site for an impressive growth which saw the coin grow over 20%. However, at this point, many are questioning if Dogecoin’s rise was actually a manipulated pump and something that ironically played out as an April Fool’s joke.
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So, how did everything occur? Well…

After a month of flat-lining, DOGE lifted off yesterday in a huge spike that propelled the price to a new high this year of $0.00253. This pump also caused Dogecoin’s daily volume to surge from $20 million to $50 million with most of it being on Gate.io and ZB.com.

This has been the biggest single move for Dogecoin since mid-December but also a coincidence that happened on April first. The Twitter feed for the Litecoin offshoot, forked in 2013 when as usual it was populated by puerile memes involving Shiba Inu dogs, moons and lamborghinis with very little of substance, like the coin itself.

On top of that, the only recent tweet that we have been seeing from Litecoin was the one admitting that the project is in need of a CEO but that the candidates are comedy. As the post revealed:

We have listened to your concerns. We have decided that Dogecoin does need a CEO. Someone who can lead us into the future while maintaining the core values of what we are.

Below are the candidates, vote wisely.@VitalikButerin @SatoshiLite @elonmusk @MarshallHayner

— Dogecoin (@dogecoin) April 1, 2019

We still have to see who will be the winner but at 6 hours left, Elon Musk is leading, followed by Marshall Hayner, Vitalik Buterin and Charlie Lee.

There is also a Reddit feed which was even more skeptical though some did make a little profit on the pump with comments that went like:

“Any idea about what’s happens? April joke? Pump and Dump?” … “I made money joke or not I cashed in” … “pump and dump. 100%. The signs have been in this sub for weeks, that there was a contingency planning this. And here it is. ” … “Please tell me this isn’t some sick Doge coin April Fools joke. “

The admin of the community and the core developer at Dogecoin known under the nickname ‘migidragon’ also confirmed the pump and dump, stating:

“It’s a planned, coordinated pump. It’s been talked about and ‘primed’ here for the last few weeks. Expect a dump soon.”

The only notable announcement from the project was that the Blockchain Education Network (BEN) which is Doge’s education arm – was renaming so that it could focus only on this coin.

To recognize the one true blockchain, we are REBRANDING by flipping the "B" in BEN to become DEN – the Dogecoin Education Network!

We now teach only @dogecoin and work w/ Dogecoin-based projects. We also only accept donations in $DOGE and will launch an IEO built on Dogecoin🐶🎓 pic.twitter.com/vhKg9FaC2k

— BEN (@BlockchainEdu) April 1, 2019

While it appears that the crypto industry has Dogecoin as its clown, 20% is still no joke with the surge of this altcoin – especially when it is a top performer on the day.