TikTok Video Spik Dogecoin Price in 2 days 1900%
Dogecoin creator Jackson Palmer seems determined to disappear from social networking and no longer interact with the community.
IOTA (MIOTA), Nebulas (NAS), Dogecoin (DOGE)
Dogecoin jumped 26 percent overnight from $0.00229 to $0.0029 in 24 hours. Dogecoin has climbed to 33rd largest cryptocurrencies as its market capitalisation has grown from $287m to $357m. It is reported that this surge and short video TikTok a pull-up video related. Five days ago, Tik Tok user James Galante posted a video with the caption, "Let's all get rich." In the video, he recommends that everyone invest $25 in Dogecoin because it's worthless ($0.0023), waiting for it to reach $1 and investors will have $10,640. At the time of writing, the video had received 57,100 likes and nearly 4,000 comments. (AMBCrypto)
The site requires users to have a CoinPot account to use. Posts on Reddit see Moon Dogecoin as trustworthy.
Dogecoin features price charts, via TradeView.
This isn't the first time Musk has shown a love for Dogecoin. He had previously changed his Twitter resume to show that he was the CEO of Dogecoin, and had posted a message on Twitter that "put dog money at the wizard" and deleted it shortly afterwards.
He referred to the "former CEO" as Tesla CEO Elon Musk. "Dogecoin is probably my favorite cryptocurrencies," Musk said in a tweet last April. He later changed his profile to Dogecoin CEO and immediately to Dogecoin's "former" CEO.
The IRS has signed a procurement contract with Coinbase, a cryptocurrencies exchange company, to purchase the rights to its cryptocurrencies analysis software, Coinbase Analytics.
However, it can also be argued that any monetary inflation is necessary. Without inflation, Dogecoin holders will be encouraged to hoard their currency. This goes against the nature of Dogecoin.