Tik Tok video pump of DOGE’s price
Ever since, a video hashtaged #DogecoinTiktokChallange in TIktok trended, the clown coin of crypto, DOGE coin has been barking.
That video that got some 8.4 million views, has created such a buzz!!
The video circulated with two users creating hype on Dogecoin , by telling viewers to invest $25 dollars on DOGE, so that they together can take the price of Dogecoin from 0.00221054$ to 1$ with investors making a grand that is $10,000!!!
Well, then the price of Dogecoin kept rising since July 6th to July 9th and it managed to reach a price high of 0.00560100, making 151% gains.
Reference - https://cointelegraph.com/news/dogecoin-gains-20-amidst-tiktok-pumping-challenge
Barking DOGE’s price action got Crypto Exchanges interesting in encouraging trading
Image taken from this cryptonews.com article
This price action got the attention of Crypto Exchanges Binance, Bitfinex,OKEx and they have taken the lead in launching markets for their customers to trade on Dogecoin, so that exchanges get rich with the fees they earn out of customer trades.
Binance annouced the launch of Dogecoin perpetual futures contract with leverage limit available up till 50x!!
While, Bitfinex entered into this Dogecoin frenzy by launching MegaDogecoin (MDOGE), where 1 MDOGE is equivalent to 1 million DOGE.
Image taken from this cryptonews.com article
OKEx caught the Dogecoin fever and buzzed along as well, as the crypto exchange introduced margin trading for DOGE traders, along with the provision of DOGE/USDT swap trading.
Wazirx I learned too joined the Dogecoin hype party by introducing USDT trading pair with DOGE and having a trading competition today awarding 10,000 DOGE to the highest trader.
Ohhh… its too much Dogecoin barking.
Reference - https://cryptonews.com/news/bitfinex-binance-rush-to-capitalize-on-dogecoin-fever-7073.htm
Justin Sun is now inspired to promote Tron on Tik Tok
(oh please, give us a break!!)
We all know that Justin Sun, CEO of Tron is well known for his promotional gimmicks that has taken the price of this token up several times. Now this Dogecoin Tiktok price boom has caught his attention and he is planning to promote videos of Tron on Tik tok and try to create a price bang for his Tron project. Ha..ha…
Reference - https://www.newsbtc.com/2020/07/08/tron-ceo-justin-sun-is-looking-to-replicate-dogecoins-tiktok-success/
DOGE’s pump currently stopped, is it dumping or what without getting close to $1???
And ofcourse, there might be innocents who invested in Doge coin, waiting for it to go to $1, hope they sell off DOGE on time before any big dump and make some profits atleast.
As of today, I noticed that there is a sell off of DOGE coin,price is dropping down as I write, it was 0.00385038 when I began writing this article today and as I have finished this article it’s come down to 0.00366986. I take it there is profit taking happening, I am not sure if this is an ongoing dump but selling has begun since yesterday, today momentum is more.
However, DOGE did not manage to even reach near the 1$ mark, it reached a maximum price of 0.00560100$. I guess those two users who promoted that Tik Tok video , jamezg97 and kindashortidiot must have booked profits by now.
With Tik Tok banned in India, this interesting video not watched by Indians like me
However, Indians I guess would not have joined this initial Dogecoin pumping party for the simple reason that this Chinese Tik Tok platform is banned in India and so most Indians would not have been able to see that #DogecoinTiktokChallange video.
I for one want to see it though, as it seems to be so funny how those two users cooly from the blue promoted the pumping of DOGE coin. My earlier article talks about it, which you can read here - @mintymile/doge-coin-crypto-gains-of-late-along-with-cat-meow-s-lost-kitten-story