When worlds collide: Viral TikTok problem causes Dogecoin cryptocurrency to surge in worth

When worlds collide: Viral TikTok challenge causes Dogecoin cryptocurrency to surge in value


The Dogecoin cryptocurrency has surged in worth by 20 % in only one week, after a viral TikTok problem urged customers of the favored app to purchase in and push its worth to $1.

Dogecoin (DOGE), famed for being cast with the ‘Doge’ web meme in thoughts, went up in worth by practically 20 % over the previous week – and it has been fluctuating wildly over the previous 24 hours, all due to a problem that took off on TikTok.

The #DogecoinTiktokChallange video was posted by consumer ‘jamezg97’ and has been considered practically half one million occasions as of Tuesday.

“Let’s all get wealthy!” the poster urged viewers, noting that Dogecoin is “virtually nugatory” for the time being, however saying the 800 million TikTok customers may change that. “As soon as it hits one greenback, you may have $10,000. Inform everybody you realize,” he mentioned.

@jamezg97

Wait til the tip it’s price it ##dogecoin ##shares ##crypto ##DogecoinTiktokChallange

♬ Lets get wealthy tiktok – jamesgalante

On the time of writing, the crypto asset trades at $0.002883, which is sort of 22 % larger than it was 24 hours earlier – however nonetheless a great distance off the $1 aim.

Regardless of being created as a “joke” by United States-based programmer Billy Markus in 2013, Dogecoin has since discovered followers all around the web.

Final 12 months, Tesla CEO Elon Musk tweeted that Dogecoin is perhaps his favourite cryptocurrency. 

Musk posted one other nod to Dogecoin in March 2020, inflicting the meme-ish forex to extend 5 % in worth – however the value bump was short-lived. 

While undoubtedly steeped in humor, it’s unclear whether or not or not the TikTok problem is solely one other traditional ‘pump-and-dump’ scheme, whereby plotters set up to artificially inflate the worth of a forex which they then promote for revenue. 

Additionally on rt.com

Foreign money or commodity? 61% of bitcoin sitting dormant in wallets for over a 12 months

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