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Asked for WallStreetBets, Dogecoin (DOGE) rose 900 percent!
Doge's huge growth surprised everyone!
The wallstreetbets movement had its eye on Dogecoin (DOGE) after GameStop, and they seem to have got what they wanted. The DOGE rose over 900% in less than 24 hours.
Wallstreetbets Movement That Raised The Doge
WallStreetBets set out as a group on Reddit, and were actually a group where stock and options trades were discussed. But the group, which grew and grew in attendance, recently caused GameStop shares to suddenly increase massively. After GameStop, the group that targeted Dogecoin achieved its goal.
Members of the group are often made up of young individual investors who ignore basic investment practices and risk management techniques, and therefore their activities are considered gambling. The community is also known for its often abusive and dynamic nature, and they often refer to themselves as “autists” and “degenerates”.
Dogecoin was actually released as a” meme coin", that is, a kind of joke coin, but things did not turn out as expected, and the DOGE somehow managed to hold on to the market. In addition, Elon Musk, the world's richest person, shared tweets about the DOGE from time to time, which led to increases in the price of the Doge. But no increase has ever been as big as the one experienced in the last 22 hours. Dogecoin detailed information about “what is Dogecoin?"you can find it in our text.
The DOGE has experienced an increase of over 900% in the last 24 hours. DOGE, which was trading at $ 0.73 at the time of publication, was trading at $ 0.0075 just 24 hours before that. Behind this rise is WallStreetBets (WSB),as mentioned above.
Doge's price has risen as much as $ 0.0875 due to the impact of this rise, while WSB's next target is eagerly awaited.