Here You Learn About What is Dogecoin Challenge TikTok: How To Do Dogecoin Challenge on Tik Tok?
TikTok is one of the most popular social media app among the youths of this generation. There is always some new trends or challenges going on in TikTok and recently the Dogecoin challenge is going viral.
Most of the challenges in TikTok are just for fun while some of them can be very useful for business.
Dogecoin challenge is the newest challenge on TikTok in which people claim to be rich. But does it really make you rich? What exactly is this challenge? And what is Dogecoin? Here is everything you need to know about the dogecoin challenge.
What is Dogecoin?
Dogecoin is an open peer-to-peer decentralized cryptocurrency which makes it easier for people to share money through the internet. It is a type of digital wallet similar to the bitcoin which was created in 2009.
Dogecoin was created as a joke by Billy Markus in 2013 based on the popular dog meme at that time. You might have come across that famous dog meme in which the picture of the dog Shiba Inus is used to make sarcastic and hilarious memes.
A Japanese kindergarten instructor, Atsuko Satō posted several photos of her dog, Shiba in her personal blog. Among those photos, one of them had a very peculiar pose of the dog where it glares at the camera from a side view by raising his eyebrows. That reaction is noticeably unique and funny therefore perfect for the sarcastic memes.
During the end of 2013, this meme was quite popular and an Australian marketer for one of the tech companies, Jackson Palmer made a joke about the two of the viral topics on internet at that time namely Doge meme and cryptocurrency. He jokingly said on twitter that he would start investing on Dogecoin and he is pretty sure it is the next big thing.
This tweet gained a lot of attention worldwide and the software programmer Billy Markus also saw the tweet and decided to make the cryptocurrency.
The Dogecoin was started only as a joke, and even though it does not have consistent earning it has managed to sustain quite large online community and it has now been even more increased through TikTok app.
Dogecoin reached to the top value of $0.018773 on January 2018 but then its value had started to decrease and now it has reached to just $0.002595 USD. But its value has been increasing all because of the TikTok challenge.
What is Dogecoin challenge in TikTok? How To Do Dogecoin challenge in TikTok?
Dogecoin challenge is the recent trend in TikTok in which users invest $25 on the Dogecoin shares and claim to be able to earn a significant amount of money if the value of Dogecoin reaches 1 USD.
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There are lots of users jumping on this trend and investing on the Dogecoin cryptocurrency shares after seeing other users posting about this challenge and claiming about being able to get rich.
Will it really make you rich?
The Dogecoin is totally worthless if you look at the current scenario. But it can still be worth investing in a long run if we monitor it closely.
Similar conversation had happened before bitcoin started becoming valuable because people did not know anything about cryptocurrencies. So lets have a positive speculation about this.
There are almost 800 million users of TikTok and according to the dogecoin challenge if the majority of the users invest $25 each then hypothetically it is possible for them to earn more than ten thousand dollars.
There are several data showing that the value of Dogecoin has been increased by 100% just this week because of this popular dogecoin challenge in TikTok.