50% increase in Doge coin price in just 24 hours!

[BTCWALK]

After Doge coin name appeared on the TikTok social network, the price of this digital currency rose by more than 50% in just 24 hours. Doge coinweekly price increase is more than 80%.

According to the script, Doge long-term jump came after one of Tik Tok famous users, James Galante, persuaded his followers to invest in the digital currency in a video titled "Let's Get Rich."

In the video, Tik Tok users were asked to invest $ 25 each in Doge coin and wait for its price to rise from $ 0.0023 to $ 1, in which case their capital will reach more than $ 10,000.

The video said:

Let's get rich. Doge coin is almost worthless. There are 800 million Tik Tok users. When it comes to $ 1, you get $ 10,000. Tell everyone you know.

Currently, the Doge coin is priced at $ 0.0043 per unit, with a market value of $ 534 million.

Also, according to Kevin Desk, the trading volume of this digital currency has increased by more than 2,000% in the last two days. On the other hand, Google's search for "how to buy dogecoin" has reached its highest level in 12 months.

The Doge coin with the abbreviation DOGE is a digital currency based on the Chinese blockchain that was originally made just for fun, but soon found its own fans. By reading the article "What is Doge coin" you can get acquainted with this digital currency.

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[Pffrt]

That was a trap to sell a big bag and made some instant profit in my opinion. The guy influenced his audiences to purchase DOGE while behind the scene, he sold a lot and made huge profits. Such stupid guys are the enemy of crypto. I'm sure whoever have invested by being influenced through the challenge, will never invest into crypto anymore.

[tabas]

Dogecoin isn't worthless or almost. It's still being used as a transfer for some reasons and gateway for those who find it quick in transactions. I don't get it why it's be related to TikTok users?
Most of the users they have are teens and wouldn't care about cryptocurrencies or any investments.

[bigcash2011]

After Doge coin name appeared on the TikTok social network, the price of this digital currency rose by more than 50% in just 24 hours. Doge coinweekly price increase is more than 80%.

According to the script, Doge long-term jump came after one of Tik Tok famous users, James Galante, persuaded his followers to invest in the digital currency in a video titled "Let's Get Rich."

In the video, Tik Tok users were asked to invest $ 25 each in Doge coin and wait for its price to rise from $ 0.0023 to $ 1, in which case their capital will reach more than $ 10,000.

The video said:

Let's get rich. Doge coin is almost worthless. There are 800 million Tik Tok users. When it comes to $ 1, you get $ 10,000. Tell everyone you know.

Currently, the Doge coin is priced at $ 0.0043 per unit, with a market value of $ 534 million.

Also, according to Kevin Desk, the trading volume of this digital currency has increased by more than 2,000% in the last two days. On the other hand, Google's search for "how to buy dogecoin" has reached its highest level in 12 months.

The Doge coin with the abbreviation DOGE is a digital currency based on the Chinese blockchain that was originally made just for fun, but soon found its own fans. By reading the article "What is Doge coin" you can get acquainted with this digital currency.

What happened with doge coin, i am talking about the pump is solely due to tiktok activity which again tells the power of social media and hype in this industry but i am not confident that this pump will continue or will end up like a pump and dump. If this strategy from dogecoin proves effective i think other coins and projects can also follow this.

[akram143]

So this will end up in another dump when the price reached decent amount, even if the influencer is not dumping the whales will eventually so users who trusted the words and joined into the challenge will lose trust on the coin forever.

I get a feeling like there is something shady behind this challenge.

[Da_Primate]

Well the good things about this is that, we have a lot more information available for those blindly jumping into crypto because of an influence. we wont have a repeat of the last bear run.

[Tipstar]

There no cure for stupidity. The only thing we can do is cash in our dogecoin if we have any. The starter of the hype clearly bought a large amount of dogecoin and did all this so that he could make a good profit. The stupid people following him would lose at the end and learn the lesson a hard way. Nevertheless, it's a way to get introduced with crypto market.

[tvplus006]

...In the video, Tik Tok users were asked to invest $ 25 each in Doge coin and wait for its price to rise from $ 0.0023 to $ 1, in which case their capital will reach more than $ 10,000....

Such investment conditions are more like a Ponzi scheme, which promises a guaranteed percentage of profit. These types of false advertising can turn a lot of people away from cryptocurrency, showing them that it is a bubble. And as a result, today's profit of 50% can turn into reputational losses.

[samcrypto]

As I can see the update, it looks like they succeed to pump their price and to create a mouse trap obviously and those who bite will be force to hold after that hype because they are the new generation of a trap hodler. Well, they took advantage the popularity of Tiktok and that is not a good sign a of good token.

There must be an acceptable reason for their 50% up, this is so insane to see people rush to buy Doge just because of this statement, an obvious hype that can make lose big money at an expensive cost of the newbies.

[YOSHIE]

I am curious about what the OP said, (Dogecoin tiktok), I tried to open the youtube video site, eh it turns out that many people talk about doge tiktok.

In this case it does look a little weird and a joke (Dogecoin tiktok), but if you look at the history of the coin doge creature, it cannot be taken lightly/trivially, it should be taken a little seriously.

Why I say it like that, of course it has a reason, usually underestimated, that works.
Doge History: ( https://www.investopedia.com/terms/d/dogecoin.asp ) doge coins were created to mock Bitcoin, but in fact the price of the doge is increasing so that it becomes one of the developing coins in the market.
This is most likely with the price of doge can also influence it, with the current video (tiktok) tener, it is likely to happen like history when doge coins are formed, jokes come true, that's my opinion.

[IvugeoEvolutionCoin]

$DOGE is one coin I've never thought of holding long term, but for swing trading. This time around I didn't buy in since it was already over pumped when I got to know. Binance added it to 50x lev and Bitfinex listed it, looked more like they prolonged the FOMO haha. Newbies who buy the top will always grind their teeth at the end.

[Ridwan Fauzi]

The other good information came from binance future that will launch DOGE/USDT Perpetual ccontract up to 50x, here is for more information https://www.binance.com/en/support/articles/7777402b13574c41afe13b334d3e047e

I really doubt and until now I never try to buy this coin, because I always see its function. I get used to collect more information first (complications) before decide to buy some coins. At least it will make me comfortable if I choose long term investment.

[iv4n]

$DOGE is one coin I've never thought of holding long term, but for swing trading. This time around I didn't buy in since it was already over pumped when I got to know. Binance added it to 50x lev and Bitfinex listed it, looked more like they prolonged the FOMO haha. Newbies who buy the top will always grind their teeth at the end.

Doge makes this swings from time to time, now we know why. Hype from tiktok, and now I hear from you that it's listed on bitfinex, and binance add leverage trading. Well I don't think it will last, it will go back where it was. It happens to doge every once in a while, to rise its price even for 100%, but that it falls back, good for swing trading, if you catch the right moments.
And I can't agree more with newbies who buy on top, well someone always buys on top, it's the nature of trading. Without fishes trading wouldn't be fun as it is!

[Slingshot]

Doge moon actually scared me and I was inquisitive and had to make some research concerning the moon. Some sets of guys really hyped it and the hyping worked out positive. I just hope it remains this way because doge I know may end up hurting newbies that jumped in to buy but all the same anything can happen in crypto. Most abandoned shitcoins are resurfacing and mooning so well.

[IvugeoEvolutionCoin]

Crypto is so volatile that even influencer hypes can cause uptrend for a coin. Imagine what happened to DOGE and multitude FOMO in. I'm not against people buying DOGE but many newbies will buy the top hoping it will continue rising, without knowing how crypto works. Then when the coin dumps on them they start cursing or regretting.

[acener]

Well there would be plenty of people who would cry when the price starts going down and they miss the opportunity to sell.
This is the power of social media the popularity of people would make their follower listen to whatever they say.
This could be another pump and dump in the market but now the victims would be the innocent followers who blindly follow his word.

[keseoma]

just saw this video on tiktok, it's 72.3 k likes and 900K views, almost 1M

that's cood for Doge got a new community!

[kaneki007]

Dogecoin isn't worthless or almost. It's still being used as a transfer for some reasons and gateway for those who find it quick in transactions. I don't get it why it's be related to TikTok users?
Most of the users they have are teens and wouldn't care about cryptocurrencies or any investments.

Yep I think the hype dogecoin is only temporary because they only follow the trending course and coincidentally the trending challenge is dogecoin. Even if they understand after that they will definitely choose cryptocurrency that is more feasible to be used as an investment such as BTC, ETH, or XRP.

[DarkDays]

Looks like the viral video is working.

Though I doubt Dogecoin will climb to $1 like they're hoping, those that bought in at the beginning have already netted a nice profit of around 50%. Can't really hope for than that without being unrealistic.

I also saw that Tron founder Justin Sun posted that he's going to be ramping up efforts on TikTok soon, so I wouldn't be surprised if we don't see a similar pump for TRX soon.

I doubt Dogecoin will continue on this trajectory for much longer, the viral nature of the challenge seems to be dying down now.

[SlimShadyMmp]

If i had doge at the time i will totally sell everything and if i knew that before this i will buy but right now after the whole dust is settled i really think is a bad move to buy it.Dont fall for a trap like this