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Dogecoin is growing rapidly thanks to the viral video in TikTok

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DOGE is growing thanks to tiktok video

Dogecoin's market value soared to $0.005599 on cryptocurrency exchanges, approaching a two-year high. The growth over the past two days has exceeded 100%.

On the 7th of July Dogecoin's market price has grown by 26% in a few hours after a viral video on the TikTok social network, offering to buy DOGE and “get rich”.

Dogecoin price growth after a TikTok video

The rapid growth of the coin began on the night of July 7. Price grew from $ 0.00229 to $ 0.0029 in one day. DOGE's capitalization grew by $ 70 million, which allowed the coin to get to 33rd place in the cryptocurrency rating. Currently, the price of DOGE keeps rising and has reached about $0.004025. Trade volumes for this period increased by 10 times from $63 million to $700 million.

Five days ago, James Galante uploaded a video on TikTok. It begins with the words "let's get rich." In the video, he informs the audience that Dogecoin is currently practically worthless and encourages everyone to invest $25. According to him, this will increase investments to $10640 when the price of a coin reaches $1.

At the moment, the video has collected 62.8 thousand likes, 4960 comments and 23.1 thousand reposts. 

The official Twitter account of Dogecoin reacted to these events with a message to potential buyers. Developers ask not to fall for FOMO and make such decisions on your own.

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.

You can buy or trade Dogecoin on Freewallet using our built-in exchange without network fees.

1) Sign into wallet
2) Click exchange coins
3) Choose a coins you want to convert
4) Enter the amount you want to exchange
5) Coins are on your wallet

Off-chain exchanges are executed in 2-3 minutes and characterized by better rates and enhanced anonymity. Off-chain exchanges are available for DOGE, BTC, EOS and other 50+ coins and ERC tokens. The accessibility of each cryptocurrency should be clarified before the operation.

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