Tesla founder Musk: Dogecoin is probably my favorite cryptocurrencies.
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The price of Dogecoin soared from $0.00229 to $0.0029 in 24 hours, an overnight surge of 26%. With the market capitalization growing from $287 million to $357 million, Dogecoin has climbed to the 33rd largest cryptocurrency. It is reported that this skyrocketing is related to a challenge of short video TikTok. Five days ago, a Tik Tok user named James Galante posted a video titled "Make Us All Rich". In the video, he recommends that everyone invest $25 in Dogecoin, because it is worthless ($0.0023). When it reaches $1, investors will have $10,640. As of press time, the video has received 57,100 likes and nearly 4,000 comments. (AMBCrypto)
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Technically, Dogecoin is actually a faction with Litecoin, which is based on the Scrypt algorithm and, like Litecoin, is easier to trade than Bitcoin, and they have more numbers, with Dogecoin digging up to 100 billion, compared with 21 million bitcoins.
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followed by Ethereum, Bitcoin Cash, Dash, Monero, Dogecoin, and Zcash
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