The Dogecoin pump and dump

[TommyIV]

I am not one to be too interested in cryptocurrency. But when my friend text me asking if I've ever heard of Dogecoin while I'm sitting at my computer I'm quick to jump in. Apparently its a cryptocurrency that is essentially worthless because there is no cap on how much can be mined (much like the dollar :notrust:). But members of the very popular social media platform TikTok are attempting to get rich quick with the 'dogecoin tiktok challenge'. Essentially members are urging others to buy this worthless cryptocurrency preaching a get rich quick scandal to pump the price and get out. So far its working. In just a few days the price jumped more than 100% although is now up around just 75% in the last few days. Might be the beginning of the the end but the power of manipulation is growing to fascinating levels now that everyone with a dollar and a computer is a trader.


TikTok traders are pumping joke cryptocurrency Dogecoin—and the price is up 95% (https://fortune.com/2020/07/09/tiktok-dogecoin-challenge/)

[Marjuno]

Totally agree with you. And if Elon Musk or any of the celebrities make another joke about cryptocurrency, there could also be an unreasonable boom in useless currency.

[Bullitt]

For the speculators - DOGE is about to go live for trading on Coinbase Pro.

49388

[Bullitt]

Another one, up 19% right now because it will be trading on Coinbase soon. 24/7 casino from anywhere in your world.

[Marjuno]

Crypto market is very tired of endless manipulation of Dogecoin exchange rate and has gained some resistance to Ilon Musk's tweets. I'm sure Dogecoin will lose ground every month