TikTok Sends Dogecoin Price to 2-Year High as Twitter Says ‘Be Smart’
Gains from a fresh viral campaign in support of DOGE on TikTok lead to an appeal to speculators from the @Dogecoin account. Meme-based cryptocurrency Dogecoin (DOGE) is warning traders against speculation after its price gained 50% in 24 hours. In a tweet on July 8, the controller of the @Dogecoin Twitter account appealed to buyers to “be mindful of the intentions people have when they direct you to buy things.” Dogecoin to traders: Stay safe, be smart DOGE has shot up in recent days thanks to a publicity campaign involving viral videos on Chinese social media network TikTok. Volume has increased more than 2,000%, while Google Trends confirms a flood of interest in how to purchase the altcoin, now 27th in the world by market cap. As Cointelegraph reported, the excitement appears centered around trends dubbed “#dogecointiktokchallange” and “dogecointiktokchallenge.” TikTok users are posting videos of trading and performance, inviting others to join them.
Coin Telegraph - 8th Jul 09:07