Viral Tik Tok Videos Increase Dogecoin's Trading Volume Almost 2000% In 48 Hours

Considered to be a "joke crypto" even by it's founder, Jackson Palmer, the popular meme coin continues to be in the top 30 cryptocurencies by market cap.

For the last couple of months, Dogecoin stayed at a price of approximately 0.0025 $, now with the increased attention it is getting on tik tok and other social media, Dogecoin is trading at 0.0043$ at the moment of writing this article, having an 80% price increase in the last 7 days.

Search interest for "how to buy dogecoin" also skyrocketed in the past few days with more and more people looking for the best way to get their hands on some Doge.

I think that this story and how a couple of viral videos can have such a great impact on a coin ( meme coin or not ) , it's trading volume and price, should remind us that crypto, as a whole, is still relatively at the beginning of a long journey, and that one of the popular use cases right now is pure speculation.

Posted Using LeoFinance