Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • VPN Friendly Casinos
    • New Crypto Casinos
    • Offshore Online Casinos
    • Best Crypto Casinos Reddit
    • Bitcoin Poker
    • Bitcoin Betting Sites
    • Bitcoin Bingo
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • VPN Friendly Casinos
    • New Crypto Casinos
    • Offshore Online Casinos
    • Best Crypto Casinos Reddit
    • Bitcoin Poker
    • Bitcoin Betting Sites
    • Bitcoin Bingo
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Crypto Enthusiasts Caution as Dogecoin Hits 2-yr High Aided by Viral TikTok Videos

Crypto Enthusiasts Caution as Dogecoin Hits 2-yr High Aided by Viral TikTok Videos

Kelly Cromley by Kelly Cromley
Jul 8, 2020
in Market News, News
Reading Time: 2 mins read
0

Dogecoin (DOGE) advocates have warned traders to avoid speculation in the meme-based cryptocurrency after its price rallied 50% in the last 24 hours.

Specifically, the crypto enthusiast behind twitter handle @Dogecoin has requested investors to “be mindful of the intentions people have when they direct you to buy things.”

RelatedPosts

GIBO Launches USDG.net to Boost Blockchain Payments for Creators

PREH Launches $100M Fund to Tokenize U.S. Real Estate

Big Hair Unveils $BGA Token to Bridge Beauty and Web3

Sony and Bandai Namco Launch Gaudiy to Drive AI and Web3

In the last few days, Doge coin has rallied mainly due to a publicity propaganda campaign conducted using TikTok, the popular Chinese social media network.

Volume rose over 2,000%, while Google Trends indicated an exponential increase in interest to buy the altcoin, which now stands at 27th place in the list of altcoins based on market cap.

The sudden passion seems to have originated from TikTok trends named “#dogecointiktokchallange” and “dogecointiktokchallenge.” Several TikTok users have posted videos of speculation and performance, welcoming others to participate in trading with their guidance.

A viral video with several thousands of views has even called traders to lift the DOGE/USD pair to $1. At the time of writing this article, the crypto pair was trading at $0.04150, its highest level since October 2018. The twitter handle @Dogecoin, however, was not jubilant.

A tweet from the twitter handle warned traders as follows:

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.

Make choices right for you, do not ride other peoples FOMO or manipulation.

Stay safe. Be smart.

❤️ #dogecoin

— Dogecoin (@dogecoin) July 8, 2020


TikTok, ironically, was instrumental in boosting the price of Doge in an incredible manner. Notably, Elon Musk had voiced support for the altcoin by tweeting “Dogecoin might be my fav cryptocurrency. It’s pretty cool,” in April, in response to a request from @Dogecoin asking Tesla founder to become Dogecoin’s CEO. Even that did not result in a spike triggered by TikTok videos.

Dogecoin might be my fav cryptocurrency. It’s pretty cool.

— Elon Musk (@elonmusk) April 2, 2019


Dogecoin was created by a hard fork of Litecoin, which was rolled out in late 2013. Jackson Palmer, who created Dogecoin, has publicly stated that the cryptocurrency is a “joke.” However, it did not deter investors from buying that cryptocurrency.

Several altcoins hit record high levels in January 2018. At that time Palmer published an article in tech focused media outlet Vice under the title “My Joke Cryptocurrency Hit $2 Billion and Something Is Very Wrong.”

Previous Post

Kyber Protocol Upgrade Completed on the Ethereum Mainnet

Next Post

Volvo Buys Stake in Blockchain Firm Circulor to Monitor Cobalt Supply Chain

Related Posts

gibo launches usdg.net to boost blockchain payments for creators

GIBO Launches USDG.net to Boost Blockchain Payments for Creators

by Kelly Cromley
May 13, 2025
0

GIBO Holdings Ltd., a key player in Asia’s AI-generated content (AIGC) streaming sector, has introduced a blockchain-based payment engine, USDG.net—also...

preh launches $100m fund to tokenize u.s. real estate

PREH Launches $100M Fund to Tokenize U.S. Real Estate

by Kelly Cromley
May 13, 2025
0

Patel Real Estate Holdings (PREH) has initiated a $100 million fund dedicated to tokenizing real estate assets on the Chintai...

big hair unveils $bga token to bridge beauty and web3

Big Hair Unveils $BGA Token to Bridge Beauty and Web3

by Kelly Cromley
May 13, 2025
0

Big Hair, a well-known name in the beauty industry, has officially stepped into the Web3 arena by launching its native...

sony and bandai namco launch gaudiy to drive ai and web3

Sony and Bandai Namco Launch Gaudiy to Drive AI and Web3

by Kelly Cromley
May 13, 2025
0

Sony and Bandai Namco have jointly launched a new startup named Gaudiy, with a focus on harnessing emerging technologies such...

bitget and superteamcan boost web3 innovation in toronto

Bitget and SuperteamCAN Boost Web3 Innovation in Toronto

by Kelly Cromley
May 13, 2025
0

Bitget has joined forces with SuperteamCAN to invigorate the Web3 development landscape at the ongoing Solana Startup Village in Toronto,...

gate.io unveils alpha to streamline web3 token trading

Gate.io Unveils Alpha to Streamline Web3 Token Trading

by Kelly Cromley
May 13, 2025
0

Gate.io has introduced a significant upgrade to its MemeBox feature, rebranding it as "Alpha" in a strategic move aligned with...

Next Post
Volvo Buys Stake in Blockchain Firm Circulor to Monitor Cobalt Supply Chain

Volvo Buys Stake in Blockchain Firm Circulor to Monitor Cobalt Supply Chain

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • XRP Ledger Embraces Precious Metal-Backed Stablecoins with Meld Gold Partnership

    by Kelly Cromley
    Oct 2, 2024

Recent News

gibo launches usdg.net to boost blockchain payments for creators
Market News

GIBO Launches USDG.net to Boost Blockchain Payments for Creators

by Kelly Cromley
May 13, 2025
preh launches $100m fund to tokenize u.s. real estate
Market News

PREH Launches $100M Fund to Tokenize U.S. Real Estate

by Kelly Cromley
May 13, 2025
big hair unveils $bga token to bridge beauty and web3
Market News

Big Hair Unveils $BGA Token to Bridge Beauty and Web3

by Kelly Cromley
May 13, 2025
sony and bandai namco launch gaudiy to drive ai and web3
Market News

Sony and Bandai Namco Launch Gaudiy to Drive AI and Web3

by Kelly Cromley
May 13, 2025
bitget and superteamcan boost web3 innovation in toronto
Market News

Bitget and SuperteamCAN Boost Web3 Innovation in Toronto

by Kelly Cromley
May 13, 2025

Categories

  • Altcoin News
  • Analysis News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market News
  • News
  • Ripple News
  • Solana News

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • VPN Friendly Casinos
    • New Crypto Casinos
    • Offshore Online Casinos
    • Best Crypto Casinos Reddit
    • Bitcoin Poker
    • Bitcoin Betting Sites
    • Bitcoin Bingo

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree