Cryptocurrency
TikTok Takes on Crypto With Dogecoin Soaring 40% in 24 Hours
As reported on Bloomberg, “As TikTok users spend more time at home, their priorities appear to have shifted from whipping up the perfect Dalgona coffee to manipulating the crypto market. Enter, the Dogecoin Challenge. “Dogecoin is a cryptocurrency jokingly established in December 2013 that features the bygone Doge meme as its logo. Among the latest in an endless […]
As reported on Bloomberg, “As TikTok users spend more time at home, their priorities appear to have shifted from whipping up the perfect Dalgona coffee to manipulating the crypto market. Enter, the Dogecoin Challenge.
“Dogecoin is a cryptocurrency jokingly established in December 2013 that features the bygone Doge meme as its logo. Among the latest in an endless series of TikTok trends, users are encouraged to invest in the currency, acting under the assumption that there is serious money to be made if the coin’s price hits $1. It currently sits at $0.0039.
“According to OnChainFX, a site that tracks cryptocurrencies, Dogecoin has surged by over 40% in the last 24 hours, but even the owner of the Dogecoin Twitter account is warning investors to be cautious, tweeting: ‘Be mindful of the intentions people have when they direct you to buy things. None of them are in the spot to be financially advising.’ The token’s market capitalization has reached almost $500 million…”