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A recent study showed that the Tik Tok community was trying to raise DOGE to $1 in a quick way. DOGE is now up 90 percent in the last 24 hours, according to Cointegraph.

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Millions of people learn about cryptocurrencies such as Bitcoin through TikTok. Cryptocurrencies enthusiast James Galante has launched a short video in TikTok titled "Let's All Get Rich" recommending that everyone invest $25 in Dogecoin to push the price of Dogecoin up to one dollar, sparking a Dogecoin craze that has once again swept the cryptocurrencies market; Square launched a cryptocurrencies marketing campaign on TikTok and became one of the most popular mobile payment apps in the U.S. with the hashtag "cashappthatmoney";

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Due to the wild spread of a Dogecoin challenge video on the short video platform TikTok, the price of Dogecoin increased by 50% within 24 hours. As of press time, its price is $0.042, since October 2018 The highest price. In this regard, Dogecoin Twitter warned traders not to engage in speculative activities. Dogecoin said, "Please make the right choice and don't be influenced or manipulated by others' FOMO. Be safe. Be smart."