Dogecoin, Market Manipulation and the Downside of a Coinbase IPO

[Riya143]

This week saw a 125% rise in the price of dogecoin, a cryptocurrency based on a popular 2013 internet meme, created in the same year as both a parody and a “let’s see if this sticks” experiment. Much to even the founder’s surprise, it has not only survived, it has accumulated a loyal following. Clearly.

A group of teenagers on the extremely popular but recently beleaguered social platform TikTok decided to use their voice and audience to move the price of dogecoin up. It has nothing to do with fundamentals, potential or even government handouts – most participants probably don’t even understand what cryptocurrency is (many of the videos refer to DOGE as a “stock”). It’s about manipulation, just because.
Read more: https://www.coindesk.com/dogecoin-tiktok-crypto-market-manipulation-coinbase-ipo

[aiviaa485]

This video on TikTok has a great influence on DOGE and it has been proven that Cointelegraph media is making similar articles about DOGE.
I also see almost everything in this forum if you see that the DOGE forum section is about TikTok related to DOGE altcoins.

So I'm sure the FOMO for DOGE is very strong which was made from TikTok, Thanks TikTok from DOGE !!

[jonathancool220]

I think this manipulation in DOGE prices is difficult because DOGE has been registered on various exchanges.
Then in addition to being listed on various exchanges, this DOGE has a lot of supply that makes the density in Buy and Sell Orders.

But if Coinbase insists on this, which means that DOGE is being manipulated, then there will definitely be arbitration by par traders if there are differences in prices.