Dogecoin official Twitter warned traders not to speculate after the TikTok video skyrocketed. The news comes after the price of Dogecoin rose 50 per cent in 24 hours to $0.042, its highest price since October 2018, as a result of the frenzied spread of a video of the DogCoin challenge on short video platform TikTok. In response, Dogecoin said, "Please make the right choice and not be influenced or manipulated by someone else's FOMO." Be aware of safety. Be smart. "
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.
Blockchain Networks reported that as a video of the Dogecoin challenge went viral in TikTok, the token's trading volume soared to $27 million on the exchanges that supported it, 22 times the average daily volume in 2020 and up 600 percent between July 6 and July 7. In addition, according to Google Trend Analysis, on July 7, "dogecoin" Google searches reached a maximum score of 100 points.
The Dogecoin community is responsible for the creation of the Dogecoin Foundation, a non-profit organization that promotes the use of Dogecoin through goodwill and charitable activities. These activities included a $30,000 DOGE donation to the Jamaican bobsleigh team at the 2014 Winter Olympics and an additional $30,000 to Kenya's Clean Water Initiative.
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Robinhood announced Monday that it has added dogecoin to its commission-free cryptocurrencies trading platform, CCN reported.
The surge is related to a challenge video from short video platform TikTok. A TikTok user named James Galante posted a short video titled "Let's All Get Rich" in which he recommended that everyone invest $25 in Dogecoin, which is currently worth less than a penny and investors will have $10640 when Dogecoin rises to $1.
According to the official website of Fire Coin Global Station, Fire Coin Global Station is scheduled to open Dogecoin (DOGE) recharge operations on April 4 at 9:00. Open DOGE/USDT, DOGE/BTC, DOGE/ETH trading on April 4 at 17:00. Dogecoin (DOGE) withdrawals are open at 17:00 on 4 April.
As a video of the Dogecoin challenge went viral in TikTok, the token's trading volume soared to $27 million on the exchanges that supported it, 22 times the average daily volume in 2020 and up 600 percent between July 6 and July 7. In addition, according to Google Trends Analytics, "dogecoin" google searches reached 100 points on July 7.
According to Thursday's blog post, the company now supports trading four types of assets on its iOS mobile app - bitcoin, ethereum, litecoin and dogecoin.
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On the news, Compound founder Robert Leshner tweeted that he had bought Dogecoin. Asked why he bought, Robert Leshne said he was concerned about the possibility that TikTok could drive up the price of crypto assets. The price of Dogecoin has risen sharply since a short video platform, TikTok, went viral, according to chain news.
Bitfinex will go online with Dogecoin, according to the official announcement. Dogecoin will be online with MegaDogecoin, with a conversion rate of 1 million. 1 MDOGE - 1000000 Dog Coins. MDOGE's deposit business will open at 15:30 on July 10, while trading and withdrawals will begin at 18:00 on July 10. MDOGE will trade with USD (DOG / USD), Tether (DOG / UST) and Bitcoin (DOG / BTC).
Dogecoin recharge is now available, according to the FCoin announcement. FOne will open the DOGE/ETH, DOGE/USDT trading pairs at 18:00 today in the Dog Coin Zone.