Sirlibz
Dogecoin, a coin referred to as a “Joke cryptocurrency” by its creator has shown an incredible spike in price recently. There have been numerous Tik Tok videos urging viewers to invest in the cryptocurrency. One of those doing this is James Galante, he posted a video titled “Let’s all get Rich” and asked he’s viewers to invest as little as $25 in Dogecoin and only sell when it hits a dollar thereby making over $10,000 from it. There has even been a #DogecoinTikTokChallange for it and it has gained over a million views. James video has had about over 63,000 likes as at the time of writing.
This action has given Dogecoin over 40% rise in 24 hours and has given a 2000% increase in trading volume in 48 Hours. As at the time of writing Dogecoin is trading at $0.004555 with a 63% Rise in Price according to Coinmarketcap.
Stay Safe, Invest Smart
Since this incident, a lot of traders have been giving out warnings to potential investors who might get rekt if they choose to FOMO in. Dogecoin has also warned investors to be careful.
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 peoples FOMO or manipulation. Stay safe. Be smart.
