The surge may be related to a video of short video platform TikTok investing in dog coins. A TikTok user named James Galante posted a short video titled "Let's Get Rich" in which he recommended that everyone invest $25 in Dogecoin, which is currently worth less than a penny and will have $10,640 when Dogecoin rises to $1. The video has received more than 57,100 likes and 4,000 comments.
Dogecoin has become a famous joke coin with its logo on a fire dog, which - to everyone's surprise - has actually begun to accumulate values since its inception in December 2013. GoCoin, the international payment platform, announced plans to support dogecoin, however, with its relatively low price against the U.S. dollar ($1 dogecoin , $0.0008618 as of the time of writing), meaning it is easier to popularize and facilitate. The dogcoin community regularly launches fund-raising campaigns, such as raising $30,000 to help the Jamaican bobsleigh team reach the Sochi Winter Olympics. Recently, the Dogecoin Foundation has renewed a campaign to raise $50,000 for new wells in drought-hit areas of Kenya. Kevin Bollegaard, Vice President of Engineering GoCoin, said, "We love the spirit of the Dogecoin community and our merchants are ready to accept it to join Bitcoin and Litecoin. "
The reason was later found because on tiktok, the overseas version of Shake It Out, a TikTok user named James Galante posted a short video titled "Let's All Get Rich" in which he recommended that everyone invest $25 in Dogecoin, which is currently worth less than a penny and would be worth more than $10,000 if Dogecoin rose to $1.
The sound. John McAfee: Bitcoin will reach $1 million by the end of 2020.
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Based on the trends found, today seems like a good time to buy Dogecoin. Since December 1, 2019, the currency has witnessed a trend and prices have been falling. Short-term trading with DOGE is not recommended as it may be traded in a lower range.
Dogecoin (DOGE) / USDT long near $0.0023 (ASO 14:00 BST) :D (DOGE)
Just ten days after Jackson's Twitter post, Doge coin came out. Taking advantage of the popularity of Doge and Bitcoin, the Doge coin bursts into the internet, and although it is Bitcoin's "shanzhai", it still attracts countless people to play.
Unlike Bitcoin, Dogecoin is a virtual currency designed to cross geographical boundaries and unite owners, while Dogecoin has its own name, Doge Meme, which is its symbol.