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Dogecoin official Twitter warned traders not to speculate after the TikTok video skyrocketed. The news comes after the price of Dogecoin rose 50 per cent in 24 hours to $0.042, its highest price since October 2018, as a result of the frenzied spread of a video of the DogCoin challenge on short video platform TikTok. In response, Dogecoin said, "Please make the right choice and not be influenced or manipulated by someone else's FOMO." Be aware of safety. Be smart. "

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Dog coin DOGecoin was born on December 12, 2013 by Australian brand and marketing expert Jackson Palmer and programmer Palmer in Portland, Oregon. Dogecoin is based on the Scrypt algorithm and the transaction process is more convenient than Bitcoin.

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Before the PK feature came online, the strife was the gap between the live streams and the friction between fans, but after the 2018 PK feature came online, fans and anchors were stimulated by a gift of real money, and the PK and the station team between the big reds were common. For example, early Rui Xue had in the loose brother and Wu Di PK, for Wu Di brush more than 400,000 gifts in response to aid, but also triggered a follow-up war of mouth.

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Technically, Dogecoin is actually a faction with Litecoin, which is based on the Scrypt algorithm and, like Litecoin, is easier to trade than Bitcoin, and they have more numbers, with Dogecoin digging up to 100 billion, compared with 21 million bitcoins.