Tiktok video endorses Dogecoin price surge by 19 times in 2 days

Dogecoin volumes spiked over the past two days amid a new TikTok trend aiming to get the meme-based cryptocurrency's price to $1.
July 10, 2020 | 17:37
tesla stock is there a forming of new bubble Tesla stock – is there a forming of a new bubble?
investing in digital currency remains illegal vietnam Investing in digital currency: Remains illegal in Vietnam
bitcoin price today breaks 7k amid coronavirus crisis but must hit 8k to start a bull market Bitcoin price today: Breaks $7k amid coronavirus crisis but must hit $8K to start a Bull Market

TikTok user James Galante began urging his followers to buy Dogecoin in June, claiming they could "all get rich" if enough viewers invested $25 in the coin. Since then, one of his videos garnered more than 537,000 views, search interest skyrocketed, the challenge began trending on Twitter, and the coin briefly hit its highest level since October 2018.

"Let's all get rich!" Galante said in a July 2 video. "Dogecoin is practically worthless. There are 800 million TikTok users. Once it hits $1, you'll have $10,000. Tell everyone you know!"
2355 dogecoin
Dogecoin (Source: theverge.com)

The split-screen shows that you could increase $1,000 to $426,985 if you held it from a price of $.00234 and tapped out at $1. A second video posted five days ago and now with nearly half a million views, issues a bolder missive:

Let’s all get rich! Dogecoin is practically worthless. There are 800 million TikTok users. That’s just $25. Once it hits one dollar, you’ll have ten grand. Tell everyone you know.

It’s a call to the investors—dreamers—of the internet to believe in the stickiness of a viral video and the lifecycle of a hashtag and the mighty power of the TikTok army—unless, of course, someone bought a ton of Dogecoin at the beginning of this and plans to dump everything before it reaches a very unlikely dollar, which sounds like pumping and dumping, which is illegal.

Global search interest in “how to buy dogecoin” also skyrocketed from a score of 25 to 100, the highest possible search popularity score, over the past few days, according to 12-month Google Trends data analyzed by CoinDesk.

2625 elon musk like
Dogecoin is known in the market as Elon's favorite cryptocurrency (Source: CNN)

“What we are experiencing with Dogecoin isn’t a ‘traditional’ pump and dump scheme,” Insider Monkey co-founder and editor Meena Krishnamsetty wrote to Gizmodo via email. “It is more like a stock manipulation scheme where the participants are mostly aware of the risks and willingly participate.”

Even the creators of the Dogecoin have to voice their concerns via their official Twitter account. The Tweet warned against impulsively joining the viral challenge and urged followers to “be smart.”

2825 dogecoin tweet
The tweet from Dogecoin official Twitter

"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 account tweeted.

tiktoks latest response towards the us ban TikTok’s latest response towards the US’ ban

In the lastest response to the US’ mulling to ban Chinese social media apps, including TikTok, the platform serving around 500 million active users globally ...

onhavanvui vietnam ministry of healths tiktok campaign on staying home #Onhavanvui, Vietnam Ministry of Health's tiktok campaign on staying home

The Ministry of Health (MoH) has launched its #onhavanvui (#happyathome) campaign on the video-sharing network TikTok to encourage social distancing, as part of Vietnam's COVID-19 containment efforts. ...

us army examines tiktok security concerns after democratic lawmaker s warning US Army examines TikTok security concerns after Democratic lawmaker 's warning

The US Army is undertaking a security assessment of China's social media platform TikTok after a Democratic lawmaker raised national security concerns over the app's ...

William Nguyen

Insider

Top 10 Most Beautiful and Must-Visit Caves In The World Travel

Top 10 Most Beautiful and Must-Visit Caves In The World

Caves are the creation of nature, charming any tourists with their mysterious and an air of danger, waiting for humans to explore the deepest secrets inside them. Take a look at these magnificent and beautiful caves around the world that you must visit once in your lifetime.
16:16 | 19/10/2021
Tien Linh Wins The AFC Best International Player of the Week Viet's Home

Tien Linh Wins The AFC Best International Player of the Week

According to the AFC official statement, Vietnam striker Nguyen Tien Linh won the AFC International Player of the Week after receiving the most votes out of the remaining nine players.
16:15 | 19/10/2021
What’s New Coming On Netflix in November 2021 Handbook

What’s New Coming On Netflix in November 2021

November is coming close, and the cold outside makes us want to curl up inside our warm blanket and bing watch our favorite movies or shows. Here is the list of what is coming on Netflix in November, and some of the most expected Netflix originals for you to enjoy.
15:28 | 19/10/2021
Phiên bản di động