Dogecoin Volumes Spike 1,900% in 2 Days Amid Viral TikTok Videos

[Nostoman]

Social media has thrown dogecoin traders a treat.

Trading volumes for the Shiba Inu meme-based cryptocurrency spiked nearly 2,000% in the last two days, according to data from Messari, as videos on TikTok encouraged users to invest. The whimsical asset’s price climbed 35% to $0.035 over the same period.

Dogecoin is a “joke cryptocurrency,” according to one of its founders, Jackson Palmer. As such, impromptu social media-based frenzies may be a fitting use case. Daily volume for the cryptocurrency stayed well below $5 million for the past two months.
Source: https://www.coindesk.com/dogecoin-volumes-spike-1900-in-2-days-amid-viral-tiktok-videos

[IyemRoker]

I'm sure this price increase is the answer "joke" because yes indeed DOGE was created for jokes.
Then if we look back at the words of the DOGE Founder, Billy Markus: DOGE was created for humor that accompanies Bitcoin which was created so seriously.

So, yes indeed the rise of this DOGE made by FOME by TikTok is humor because its initial creation is also humor.

[Parna]

I saw a drastic increase in Dogecoin, of course, the viral video on tik tok is causing it, I was curious how far it would stop.