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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."

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Tesla and SpaceX CEO Elon Musk tweeted a Meme-based tweet to promote Dogecoin (DOGE) again. This is the second time that Musk has implicitly supported Dogecoin after Musk posted his "favorite coin" on Twitter in the summer of 2019. (Bitcoinist)

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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.

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Blockchain news, users in response to the Twitter black incident, asked Tesla founder Elon Musk where my bitcoins are, Elon Musk responded: 'Sorry, I only sell Dogecoin.' He then posted a picture on Twitter showing The Dogecoin sandstorm sweeping through a region marked as the global financial system. Elon Musk also tweeted in April that dog money is probably my favorite cryptocurrencies, and it's cool, according to a previous report.