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DOGE Goes Vertical As 'Chairman of WallStreetBets' Asks About Dogecoin

By Linas Kmieliauskas
DOGE Goes Vertical As 'Chairman of WallStreetBets' Asks About Dogecoin 101
Source: Dogecoin Memes

After the TikTok pump last year, dogecoin (DOGE) is now seemingly being pumped by another online community. This time, it might be related to the r/wallstreetbets subreddit, with 4.6m (was around 2m yesterday) users, responsible for the GameStop pump this month. (Updated at 15:50 UTC: updates throughout the entire text.)

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Updated on January 29: Dogecoin Blasts Into Top 10, And Leaves
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Early Thursday morning (UTC time), DOGE skyrocketed by around 75% in less than two hours, hitting USD 0.0136, before crashing to USD 0.0106 (07:36 UTC). However, later, the rally started again and pushed the price to its new all-time high of USD 0.024 before starting to move down again.

At the time of writing (15:43 UTC), DOGE, now the 17th largest (was the 33rd earlier today) cryptoasset by market capitalization, trades at USD 0.0219 and is up by 191% in a day.

DOGE price chart:

DOGE Goes Vertical As 'Chairman of WallStreetBets' Asks About Dogecoin 102
Source: coingecko.com

The rally coincided with this question on Twitter:

"WSB Chairman" claims to be the "Chairman of WallStreetBets" and has over 485,100 followers on Twitter (it was 341,700 several hours ago).

After DOGE skyrocketed, the author of the post followed with a question: "Has Doge ever been to a dollar?" During the TikTok pump last summer, the goal was also to push up the price of DOGE to USD 1. DOGE reached its all-time high of USD 0.01759 in January of 2018, per Coingecko.com data.

The TikTok pump last summer vs. the first hours of the pump today:

DOGE Goes Vertical As 'Chairman of WallStreetBets' Asks About Dogecoin 103
Source: Coingecko.com

And all this DOGE story started with a question: "Anybody own bitcoin?"

Which was followed by more BTC-related conversations:

BTC trades at USD 31,918 and is up by 7% in a day, trimming its weekly losses to less than 10%.

DOGE Goes Vertical As 'Chairman of WallStreetBets' Asks About Dogecoin 104
Source: trends.google.com

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Learn more:
Cubans Turn to Bitcoin, Ethereum and Dogecoin as US Sanctions Bite
Penny Altcoins Rally While TikTokers & Co Go on a Pumping Spree
Dogecoin Pump Ends as Price Dumps 40% From Top
This is Why Dogecoin is Better than 'Altcoins-Degenerators'

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