Viral Video On TikTok Caused Dogecoin Pump
The rate of the popular Dogecoin cryptocurrency has shown unimaginable growth of 130% over the past 48 hours.
To date, the price of one Dogecoin token on the Binance platform is $0.003963, though it reached $0.005599. Note that this value closely brought Dogecoin`s rate to a two-year high level.
What`s the role of TikTok?
TikTok has tremendous social power, and the publication of the viral video on this social network caused a sharp jump in the rate of the currency. The author encourages everyone to invest in Dogecoin and expects the rate to rise up to $1.
Dogecoin Developer Comment the video
This hype made the Dogecoin developers comment it on the official Twitter. They asked all potential buyers not to succumb to FOMO, but to take responsibility for investment decisions in their own hands.
“Be mindful of the intentions people have when they direct you to buy things. None of them are in the spot to be financially advising. Make choices right for you, do not ride other people FOMO or manipulation. Stay safe. Be smart“ - the message says.