It seems that the power of the media is back, thanks to the spread of social network TikTok, the price of Dogecoin (the cryptocurrency does not carry any actual value) rose by almost 50%. in just a matter of hours. Specifically, the incident began when a TikTok user named James Galante posted a video called "Let's Get Rich" and encouraged viewers to invest in cryptocurrency.
The creator The video calls for Tik Tok users, who each invest $ 25 in Dogecoin, and wait until the value of the coin increases from $ 0.0023 to $ 1, each investor making $ 10.640 . At the time of writing, DOGE rose by over 55% and is currently at $ 0.00416. At the moment, the hashtag has attracted nearly 3 million views on the TikTok platform and the number of DOGE transactions has increased by nearly 2.000% over the past two days, according to data from Messari.
Meanwhile, daily cryptocurrency volume has remained below $ 5 million for the past two months. Looking more broadly, this unique bull run has served as a reminder to all that the most common case of use for cryptocurrencies remains speculation.
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