[출처: 트위터]
OneGamestop’s stock price, which soared from $10 to $450 in a month alone, declined to $193.6, resulting in a growing volatility in the stock market. The GameStop soaring is an event in the US’s largest community site Reddit’s subreddit, WSB, against the short selling of hedge funds. When the channel mentioned the comments of Elon Musk’s Dogecoin in the past, this time, the phenomenon of Doji has surged by more than 400% in one day.
# Dogecoin?
Dogecoin is a cryptocurrency created after Doge, who commanded Internet memes in the early 2010s. Originally, a meme that had been referred to as Dog by the Western community after a picture of a Shiba Inu was erroneously called Doji, and became sensational. It was Billy Markus, former IBM developer, and Jackson Palmer, who worked for Adobe. In 2013, when Palmer responded to the Dogecoin development plan that Markus joked to the community at the time, Dogecoin was born. They bring Dogecoin to the world by hard forking the Litecoin-based Lucky Coin. 2013 was a time when Doji was so popular that Doji was selected as the meme of the year by the magazine’Wired’. Accordingly, it was able to emerge as a major coin even though it was a period when the full-scale coin boom did not occur.
# Dogecoin, which cannot be explained in terms of fundamentals… You fell in love with Elon Musk?
It is difficult to describe Dogecoin with the same fundamentals as existing stocks or other major cryptocurrencies. Dogecoin does not play a central role in all cryptocurrencies like Bitcoin. It doesn’t play a platform role like Ethereum does. Like other altcoins, there is no device that induces price increase due to supply and demand by adjusting token distribution. That doesn’t mean there are real indicators such as earnings like stocks. However, as the community’s own awareness of Doji has been established, the number of people investing has gradually increased. Celebrities in the industry have also begun to pay attention to these unique characteristics of Dogecoin.
After that, it was Elon Musk Tesla’s CEO (CEO) who pulled the embers again. He’s in April 2019 TwitterEh “Dojicoin can be my favorite cryptocurrency. Because Dogecoin is cool.” Even in 2020, his remarks on Dogecoin continued several times. Finally, in December, I changed my Twitter profile to’former Dojicoin CEO’.
# Dogecoin refocused after the Wall Street Betz incident… 400% soaring in one day
However, Dogecoin, which did not have any other upward factor other than community awareness, maintained its overall downward trend. The decisive price surge has occurred after the recent Wall Street Betz (WSB) incident. The Wall Street Betz incident occurred in the process of reddit users opposing the short selling of hedge funds to GameStop. Afterwards, when Dogecoin was mentioned in WSB, mainly WSB Chairman, who has 330,000 Twitter followers, prices began to skyrocket. In addition, Elon Musk’s comments related to Dogecoin in the past were re-examined and he added. TweetIt attracted the attention of investors while leaving the company. In this trend, the number of tweets by Doji Coin exceeded Bitcoin for the first time in altcoin history. As a result, Dogecoin vomited from $0.0074 to $0.043 in one day. As of 11 am on January 29, it is at $0.0341.
Meanwhile, it was revealed that Robin Hood, a famous U.S. securities app, also restricted transactions on Dogecoin following GameStop. Robinhood explained that the transaction was restricted due to fears of market shock caused by price spikes.
Reporter Park Sanghyuk [email protected]