WallStreetBets Fever Hits Dogecoin, Price Soars 142% After Twitter Mention
A Twitter account not officially affiliated to WallStreetBets prompted DOGE's latest social media-based price boost.
Related News
BTC/USD was already tipped to gain from the knock-on effect of both Musk and crazy stock trading this week, but so far has only reached $38,000. Bitcoin (BTC) surged by over $5,000 in minutes on Jan. 29 after the world's richest man added its symbol to his Twitter page.BTC/USD 1-hour candle chart. Source: TradingviewBTC price hits $38K highsData from Cointelegraph Markets and Tradingview showed BTC/USD spiking to $38,000 as users began to notice that Elon Musk was now publicly advertising Bitcoin.The move comes amid major anticipation from investors that BTC will be the next asset to....
As the price of DOGE surged eight-fold within a day, the volume of Dogecoin surpassed Bitcoin's on Binance. Dogecoin (DOGE) briefly surpassed Bitcoin (BTC) in daily volume on Binance at over $5 billion on Jan. 29. This is a first for Dogecoin, and it happened as the price of DOGE surged around eight-fold overnight from $0.012 to over $0.08.DOGE/USDT 15-minute price chart (Binance). Source: TradingView.comWhat was behind the craze around DOGE?The meteoric rally of DOGE was fueled by posts and tweets from WallStreetBets traders on Twitter and Reddit. In fact, the tweet volume also soared to....
The futures contract is based on a basket of stocks being targeted by WallStreetBets and dogecoin.
The moderators of the famous Reddit forum Wallstreetbets, known for putting Gamestop (GME) stock prices on the map as a worldwide trending topic, lifted a ban on all discussions related to bitcoin, ethereum, and dogecoin. However, the decision has been reversed after a recently published Bloomberg article. Bitcoin, Ethereum, Dogecoin Were Allowed to Discuss for Just One Day On April 14, 2021, Wallstreetbets moderators issued a statement, commenting about why they’ve been banning crypto-related discussions within their threads, citing that its main focus is the stock market. They....
The media keeps saying WallStreetBets is going after silver; WallStreetBets members say it’s a campaign to co-opt and divide them.