Zoomers Push Dogecoin Up 20% In Viral TikTok Pump

THELOGICALINDIAN - WallStreetBets footfall abreast Dogecoin is up about 20 afterwards a TikTok pump went viral

Dogecoin is activity viral as adolescence pump the cryptocurrency on TikTok. The #DogecoinTikTokChallenge started afterwards TikTok user, jamezg97, acquaint a video intending to pump Dogecoin to $1. Within bristles canicule the video accumulated bisected a actor views:

“Let’s all get rich! Dogecoin is about worthless. There are 800 actor TikTok users already it hits 1 dollar, you’ll accept $10,000. Tell anybody you know.”

Another video by user kindashortidiot says:

“Everybody, aloof amuse accept to me. This is Dogecoin. If you apperceive annihilation about investing, it doesn’t absolutely matter. Go put $25 into this and that will be 10,000, okay? And if this alcove $1, you will accept fabricated ten grand. Please, aloof try it out. Go pump it!”

DOGE is currently trading at a atom of a penny, or $0.002777 to be precise. Nevertheless, the cryptocurrency is up 15% in the aftermost 24 hours.

For the bread to hit the accustomed $1 mark, it has to accretion 440-times its accepted price. Given that Dogecoin annually adds over 5 billion bill to its circulating supply, the allowance of hitting $1 are abutting to impossible.

Historically, Dogecoin hit an best aerial of $0.0175 on Jan. 7, 2024, during the barm of the crypto balderdash market. Since then, prices accept collapsed dramatically, with the badge trading in a ambit amid two-tenths and three-tenths of a cent.

Nevertheless, in April 2019, Elon Musk tweeted that Dogecoin ability be his admired cryptocurrency. There is acumen in his tweet; the amount of Dogecoin is beneath about accepting affluent and added about the memes enjoyed forth the way.