<p><span style="font-weight: 400;">“Let’s all get rich!” </span></p> <p><span style="font-weight: 400;">That's how TikTok user </span><a href="https://www.tiktok.com/@jamezg97/video/6844644996675554566?u_code=d2h683mke5abmh&amp;preview_pb=0&amp;language=en&amp;_d=dd5ggij5mh8mi8&amp;share_item_id=6844644996675554566&amp;timestamp=1594017582&amp;utm_campaign=client_share&amp;app=musically&amp;utm_medium=ios&amp;user_id=6612763001102696454&amp;tt_from=sms&amp;utm_source=sms&amp;source=h5_m"><span style="font-weight: 400;">@jamezg97</span></a><span style="font-weight: 400;"> kicked off a video he released on July 2, in which he urged the app’s 800 million users to invest in Dogecoin. In fact, it was part of a larger TikTok-centered campaign to inflate the coin's price.</span></p> <p><span style="font-weight: 400;">“Dogecoin is practically worthless,” he explained. “There are 800 million TikTok users, invest just $25. Once it hits one dollar, you’ll have $10,000. Tell everyone you know.”</span></p> <p><span style="font-weight: 400;">The video, which has garnered roughly 63K likes and 5,000 comments, is far from the only one. A quick search of the Dogecoin TikTok tag shows that users on the social media platform have, in aggregate, created videos that garnered over </span><a href="https://www.tiktok.com/tag/dogecoin"><span style="font-weight: 400;">5 million views</span></a><span style="font-weight: 400;">. The cryptocurrency also took the top trending spot on Twitter late Tuesday night.</span></p> <p><span style="font-weight: 400;">Dogecoin is a Litecoin-based cryptocurrency that was launched as a joke in December 2013 by U.S.-based programmers Billy Markus and Jackson Palmer, who borrowed the name and logo from an internet meme. Since then, somewhat of a cult community has formed around the coin, predominantly on Reddit and Twitter.</span></p> <p><span style="font-weight: 400;">The current price of Dogecoin is at </span><a href="https://www.coinbase.com/price/dogecoin"><span style="font-weight: 400;">$0.0037</span></a><span style="font-weight: 400;">, after peaking at $0.0048 on Tuesday. But since the morning of July 6 through the present, the price has increased by approximately 60%, making its $450 million market cap the 29th largest among cryptocurrencies.</span></p> <p><span style="font-weight: 400;">The coin’s recent TikTok-fueled rise appears to be enticing users to jump on the bandwagon even if they don’t understand the asset, much less crypto investing. </span></p> <p><span style="font-weight: 400;">“Everybody listen to me,” a Tik Tok user who goes by the name </span><a href="https://www.tiktok.com/@kindashortidiot/video/6846526323490327814"><span style="font-weight: 400;">hunter</span></a><span style="font-weight: 400;"> said in another video. “This is Dogecoin. If you know nothing about investing, it doesn’t really matter. Go put $25 into this and that will be 10,000 shares okay. And if this reaches $1, you would have made $10,000. Please just try it out. Go pump it!” he said. The video, which was released Monday, has over 45K likes and over 2,400 comments. </span></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>