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BREAKDOWN: TikTok Doge Is Everything About 2020 Finance In One Story

Author
CoinDesk
Published
Wed 08 Jul 2020
Episode Link
None

This episode is sponsored by Bitstamp and Crypto.com.
What’s old is new again!
What happens when you combine a mostly hibernating memecoin with the world’s most powerful (and controversial) meme platform, and throw in a new generation of daytraders that have become convinced that they can drive the price of anything up? 
The great TikTok Doge pump of 2020, of course. 
In this episode, NLW breaks down:

The history of Dogecoin

How TikTok became one of the most popular, influential, and controversial apps in the world 

Why the r/WallStreetBets, Davey Day Trader Global Global, and Robinhood Rally day trader movement perfectly set up this pump 

How #TikTokDogecoinChallenge began to trend 

What has happened to Dogecoin since the trend started

Why this all makes a weird sort of cynical sense

Excerpts/Clips in this episode

Rockefeller Street

Savage Love

Roses

Old Town Road

Dave Portnoy talks trading

Let's Get Rich - Doge on TikTok

kindashortidiot - More Doge on TikTok

VirtualBacon - Doge realism on TikTok

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