Dogecoin the meme-inspired cryptocurrency rose 26% overnight from $ 0.00229 to $ 0.0029, all in a matter of 24 hours. Dogecoin rose to the 33rd largest cryptocurrency, as its market value increased from $ 287 million to $ 357 million.
A Tik Tok user with the username “James Galante” posted a video 5 days ago with the caption “Let's all get rich”. The viral video is asking everyone at TikTok to buy Dogecoin to raise its price to $ 1. An unreal, almost surreal goal.
Video creators invite TikTok users to invest $ 25 in Dogecoin and expect their value to rise from $ 0.0023 to $ 1, which would give each person a profit of $ 10,640, if that unlikely scenario is reached. The current price is $ 0.0028.
Although Dogecoin is treated as a meme currency, it has survived the worst, such as the bear market. However, Dogecoin appears to not only have survived, but is also thriving and is among the top 40 cryptocurrencies.