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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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In this way, the internet legend shifted from Doge to Dogecoin. On December 6th, on BitcoinTalk, a well-known Bitcoin forum, a new member named Dogecoin posted a message about a competitive coin named Dogecoin, which Chinese translates as a dog coin, cute and memorable. The title of the post is Dogecoin - very currency - many coin - wow - v1.1 Released, and the style of the teaser is in line with Doge's.

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Elon Musk, co-founder of Tesla and SpaceX, tweeted again today about the dog coin "Is Dogecoin really an effective form of money?" "