Tiktok And Doge: A Lesson About The Cryptocurrency Market
The power of cryptocurrency is that it gives power to the users. It is the real democracy — a system of the people, for the people, and by the people. We see this power play out recently in the crypto market.
Dogecoin was launched in 2013 as a joke based on a popular internet meme of a dog. It was worth almost nothing. No one cared about it. No one talked about it. Not even its developers.
But in July 2020 all that changed.
A viral Dogecoin challenge started on TikTok. The challenge sent the value of the coin up by 683%.
In July 2020, the coin was about $0.0039. In January 2021, it is about $0.043 (as at the time of writing) and has even gone as high as $0.08. The TikTok community aims to get it to $1 by the end of the year.
This price movement is neither triggered by technical analysis, nor news about an upcoming development from the company. It’s triggered by a group of TikTok users who have decided to take a journey to wealth and happiness riding on the back of a dog-e.
It is only a decentralized system like the cryptocurrency market that can give a bunch of teenagers the power to transform a worthless coin into a valuable asset.
These teenagers understand the value of and in the crypto space and have taken advantage of it.
You too can take advantage of it.
In fact, the surest path to wealth lies in two things: have the right knowledge and position yourself rightly.
Do you want to have the knowledge to create wealth?
Do you want to know how to position yourself for wealth and success in 2021 and beyond?
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