THELOGICALINDIAN - Dogecoin became the tenthlargest bread by trading aggregate afterwards a TikTok meme triggered a affairs frenzy
Overnight, Dogecoin has become the tenth-most traded bread by circadian trading volume. The Shiba Inu-powered cryptocurrency had its 24-hour trading aggregate beat the one billion mark, with DOGE prices acceleration in a distinct week.
The abrupt billow in absorption was triggered by a viral TikTok video advancement bodies to advance in the cryptocurrency. The meme was again amplified back it hit Twitter, with Dogecoin mentions extensive annual highs.
These videos promised -to-be buyers that DOGE could ability $1. Right now, the bread is trading for beneath bisected a cent.
To put the $1 ambition into perspective, the bread would accept to be annual added than $125 billion by bazaar capitalization, which would accomplish DOGE added admired than every added altcoin put together. Already, the pump has become so common that Dogecoin’s official Twitter annual had to acquaint bodies about advance in the Shibe-coin.
This isn’t the aboriginal time DOGE has admiring boilerplate attention. Historically, these levels of absorption are almost low compared to the crypto-mania of aboriginal 2024.
But this time is different. Dogecoin is breaking out of its alternation with Bitcoin apart of added cryptocurrencies. What’s new with the TikTok pump is that bodies who accept never endemic cryptocurrency are now jumping into advance for the aboriginal time.
Though, this does accession its own concerns. More than a third of users on TikTok are beneath the age of 24, and the amount demographic of the app by acceptance is beneath 18. If the meme assets abundant steam, Dogecoin could become the Tulips or Beanie Babies of the Zoomer generation.
Given the circumstances, what goes up may appear abolition down, and these noob investors may anon get their aboriginal aftertaste of a abstract bubble.
DOGE is currently trading at $0.00484, up 48% in the aftermost 24 hours. These contempo assets pushed Dogecoin to 28th position from 36th by bazaar capitalization, before Zcash, Maker, and Basic Attention Token.
