Recently, when news of Dogecoin began about a week ago, some young Tiktok users embarked on a lifelong challenge to raise the Dogecoin to $1.
Dogecoin or a TikTok Challenge video price jumps 26%
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Dogecoin explodes in TikTok, price jumps 20%
The founders say Dogecoin is not like Bitcoin, where people don't get involved for speculation, but to express feelings of sharing and concern. This also created that at the beginning of the dogecoin spread by people to share.
Coinbase Wallet, a well-known U.S. cryptocurrencies exchange, today announced that Coinbase Wallet supports Dogecoin. Starting today, users can store Dog Coins (DOGE) directly in the Coinbase Wallet app
According to reports, Dogecoin (DOGE) is a cryptocurrencies dedicated to the real practical value of money. With faster block intervals and extremely low rates, Dogecoin is better suited for small payments and online shopping. Dogecoin has been used by multiple merchants, allowing consumers to easily transfer money using DOGE.
Reduce the price of Dogecoin by 20% in popular TikTok videos
Due to the wild spread of a Dogecoin challenge video on the short video platform TikTok, the price of Dogecoin increased by 50% within 24 hours. As of press time, its price is $0.042, since October 2018 The highest price. In this regard, Dogecoin Twitter warned traders not to engage in speculative activities. Dogecoin said, "Please make the right choice and don't be influenced or manipulated by others' FOMO. Be safe. Be smart."
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. "
Bloomberg quoted L&L law firm partner Vailbhav Kakkar as saying
In addition to supporting social welfare and philanthropy, Jackson believes Dogecoin can be used on the Internet as a "sweet spot" to thank others. In the beginning, though, Dogecoin was born out of a joke.
Metal (MTL)'s Metal Pay has integrated Dogecoin (DOGE) coins.