And now the price is going down which was to be expected. The one reason why I use Doge is for cheaper fees and from what I have seen from a lot of people that seems to be the main use case for Doge when transferring from exchange to exchange. I hope everyone enjoyed the pump while it lasted and it will be interesting to see where the price settles.
If one investor has been in crypto for long enough, the one should know that good news are not actually only reasons to help price rising. There are more important contributors to price rises, the right period of the market. When the general trend of market is upwards, good news do so their biggest impacts on price. That is exactly what TikTok brought to Dogecoin.
Same with you, with or without the tiktok's commotion, I am using doge for transfer purposes between exchanges. I think that is one major use of doge among crypto users. With its availability across many exchanges, it is quite easy to trade them back to the coin you want. But if nothing else, this tiktok brouhaha will drive users to be crypto users. Because I believe most of them doesn't even know how how to transact with crypto.
Without TikTok, Dogecoin will do rise sometime because its price does not increase latest months. The rise only occurs sooner or later depends on momentum of Dogecoin. Last week, Tiktok triggered the huge momentum and the coin skyrocketed.
But does bring more awareness and possibly new members to our community, all the better !
