Dogecoin grew 50% after TikTok video

The price of the Dogecoin (DOGE) cryptocurrency jumped 50% thanks to a TikTok video in which a user suggestsbuy cryptocurrency so everyone can “get rich.”

In the video, TikToker James Galante called on everyoneuser to invest just $25 in Dogecoin at the current price and wait for the coin to rise to $1 dollar, resulting in investors receiving $10,640, or 42,000% profit. 

In general, the movement created within#DogecoinTikTokChallenge, attracted more than half a million views and more than 58,000 likes and 4,000 comments. The price of cryptocurrency has grown by more than 50% in the last 24 hours, from $ 0.002012 per coin to $ 0.004250. The video “Let's get rich” raised the coin to 33rd position, increasing its market capitalization from $ 287 million to $ 357 million.

Dogecoin supporters raised 25,000 in 2014US dollars to help the Jamaican bobsledding team take part in the Sochi Winter Olympics, and US $ 55,000 to support NASCAR driver Josh Wise. Last year, Huobi teamed up with the Dogecoin team to conduct a charity event to set up a shelter and rescue dogs in San Francisco.

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