Tesla and SpaceX co-founder Elon Musk tweeted again today and mentioned Dogecoin "Is Dogecoin really an effective form of currency?"
In the encryption community, there are several MEME (memes) that are very well known. In addition to the fact that BTC and ETH are the two great MEME kings, other well-known MEEEs exist in the Chainlink and Dogecoin communities, which promote the development of Chainlink and Dogecoin memes in a variety of ways.
This year, Robinhood has also added support for more cryptocurrencies. In February, it also supported only Bitcoin, BTC and Ethereum (ETH). Then, in July, Bitcoin cash (Bitcoin cash, BCH), Litecoin, LTC, and dogecoin (dogecoin, DOGE) were added. In August, the platform announced support for Ethereum Classics (ETC)
The Dogecoin community is responsible for the creation of the Dogecoin Foundation, a non-profit organization that promotes the use of Dogecoin through goodwill and charitable activities. These activities included a $30,000 DOGE donation to the Jamaican bobsleigh team at the 2014 Winter Olympics and an additional $30,000 to Kenya's Clean Water Initiative.
During the price drops in March, July and September, Dogecoin fell with the market. However, the price decline of DOGE is not as bad as Bitcoin, and the downward trend shows that Dogecoin is recovering faster than Bitcoin
In addition to Ripple, Litecoin and Bitcoin Cash, many other small and medium-cap crypto assets also increased their activity last week. Dog Coin Dogecoin (DOGE) has a significant increase in market value on July 7 and 8. This is related to the top TikTok videos promoting DOGE.
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";
Michael Cohen, former personal attorney of Donald Trump, publicity.
Elon Musk again quoted Dogecoin on Twitter.
Since this Bitcoin structure is most likely point-driven, we can also think that this situation will break down, which is correct. Spot drivers come from the same retail Robin Hood type, which buys risky assets indiscriminately.