It is understood that TikTok user James Galante posted a short video on the platform entitled "Let's All Get Rich," in which he recommends that everyone invest $25 in Dogecoin, which is currently worth less than a penny and that investors will have $10,640 when it rises to $1. "
In fact, Ultra PRO claims that its trademarks do not touch projects that print Dogecoin. Dogecoin uses the same image as the image, but this is "a different name and project". Ultra PRO, of course, can also argue that similarity creates "consumer confusion" by applying for an extension of its trademark licensee, Dogecoin Items.
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The user who shared the video said: "Dogecoin is virtually worthless. You have 800 million TikTok users, and once the cryptocurrencies reach $1, you'll have $10,000. Tell everyone you know! "
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dogecoin-nascar-520x293.jpeg?resize?520%2C293 cars printed with Dogecoin drawings.
The German, head of the official development team for dog coins, is responsible for the development and maintenance of Dogecoin Core, MultiDoge and Dogecoin Android Wallet.
In the TikTok video, he also had a good feeling, with Dogecoin appearing and raising its price by 70%.
Dogecoin Core 1.8 is currently available, the latest update to the Dogecoin protocol. This mandatory update includes some new features for the Dogecoin environment. The most controversial of these was the launch of the AuxPoW mining. This is called a combined mining - many shibe dog-burning people.
According to CoinMarketCap, dog coin trading volumes rose nearly 115 percent to $284 million on July 7 from the previous day. To date, Dogecoin's 24-hour trading volume is nearly $314 million. Dogecoin, meanwhile, has risen nearly 40 percent in the past two days to $0.0034. According to Decrypt, Dogecoin's rise may have something to do with the investment dog coin theme video that appeared on the short video platform TikTok. The video creator calls on everyone to invest $25 in Dogecoin and then wait for its value to rise from $0.0023 to $1, which would make each person more than $10,000 if that were unlikely to happen. To date, the video has received 605,000 likes and 4,473 comments.
It is reported that this surge and short video TikTok a pull-up video related. Five days ago, Tik Tok user James Galante posted a video with the caption, "Let's all get rich." In the video, he recommends that everyone invest $25 in Dogecoin because it's worthless ($0.0023), waiting for it to reach $1 and investors will have $10,640.
On the afternoon of April 17th, BTC100, a domestic bitcoin trading platform, launched the "Charge Dogecoin, Win iPhone 5S Tuhaojin" campaign to celebrate the online Dogecoin (Dog Coin) on the platform.
The cryptocurrencies exploded as the viral TikTok video began to become the focus of Dogecoin.
As a challenge video about Dogecoin went viral in TikTok, the token's trading volume soared to $27 million on the exchanges that supported it, 22 times the average daily volume in 2020 and up 600% between July 6 and July 7. In addition, according to Google Trends Analytics, "dogecoin" had 100 Google searches on July 7.
The surge may be related to an overseas version of TikTok's video of investing in dog coins. A TikTok user named James Galante posted a short video titled "Let's Get Rich" in which he recommended that everyone invest $25 in Dogecoin, which is currently worth less than a penny and will have $10,640 when Dogecoin rises to $1. The video has received more than 57,100 likes and 4,000 comments.
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