After a week of viral videos on TikTok, dogecoin is up 35% in price and 2,000% in volume. What gives? 

What’s old is new again!

What happens when you combine a mostly hibernating memecoin with the world’s most powerful (and controversial) meme platform, and throw in a new generation of daytraders that have become convinced that they can drive the price of anything up? 

The great TikTok Doge pump of 2020, of course. 

In this episode, NLW breaks down:

TikTok as a launchpad for viral music:

Modern day trading on Fox Business:

Pro-Doge perspectives on TikTok:

Anti-Doge perspectives on TikTok:

Disclosure

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Originally published at CoinDesk

Do NOT follow this link or you will be banned from the site!
error: Content is protected !!