Rate exploded by 290 percent

Dogecoin (DOGE) has increased in the past 24 hours to more than 290 percent. After the Reddit group r/wallstreetbets was already in place for the pumps of some of the stocks responsible for the overthrow of the retail investors on the Meme Coin.

After Dogecoin (DOGE) has already been a few weeks ago by Elon Musk and a adult star inspired by the Meme Coin is now in the crosshairs of WallStreetBets (WSB). In the last 24 hours of the DOGE rate has increased dramatically and is the editorial deadline for the course in 0.043712 US Dollar.

In just the last seven days Dogecoin has seen a rate of growth of 435,67 percent. Behind the Pump, the Reddit group r/wallstreetbets has been in the last few days in the world with the GameStop-shares-Pump for headlines – BTC is seems to ECHO reported. In the group, the members discuss stock and option trading.

Meanwhile, over 5.7 million people are in the group and just in the last 24 hours, over a Million new members were added. Their impact on some stocks is huge. Alone, the share price of GameStop rose through the Intervention of the group since the 12. January 2021 to 1.600 percent.

Dogecoin soon in a US Dollar?

The Twitter users of WSB and Chairman, with more than 300,000 followers by some as the unofficial head of the Reddit group, are to be for the DOGE Pump responsible. The Dogecoin rally began, namely, in consequence of Tweets of WSB and Chairman.

Shortly thereafter, another Tweet in the WSB Chairman followed the viral TikTok Videos about Dogecoin in July 2020 alludes to.

Also, these Videos were able to inspire the DOGE rate then short-term. In the #Dogecoin TikTokChallange namely called the Doge was to buy, until the price of one Dollar is reached. On Twitter, some users are wondering whether the world has gone mad, including the Monero developers Riccardo Spagni.

DeFi Expansion

In addition, the Decentralized Finance (DeFi) gave project Ren yesterday knownthat it cooperates with OpenDAO to bring DOGE to the Ethereum Blockchain. OpenDAO is an organization that works different assets in Ethereum token. Thus, Ren wants to allow it, that crypto currencies and other assets, access to DeFi get.

RenDOGE to come soon as the ERC-20-Token, is covered by Dogecoin on the Ethereum Blockchain. As soon as that happened, can make use of sector, the users of the Meme Coins all Services on the Ethereum-DeFi -.

The interest in Dogecoin has been in the last few weeks and months, large. Not only the Tweets of Elon Muskbut also the Integration of the DOGE on Pornhub and a variety of Exchange Listingshave boosted the price of the Meme Coin in last time again and again. It remains to be seen how in the next few days the interest of the Reddit group WallStrettBets on the Cryptocurrency will have an impact.