The Reddit group, which with the support of Elon Musk has also blown the value of GameStop-owned shares, also this time flew “Dogecoin,” an altcoin. Altcoin, which was valued at 900 percent within 24 hours, turned the Bitcoin exchanges upside down. What the Reddit group’s next target will be, for now, is a matter of curiosity.
In a news story we shared with you yesterday, we mentioned the unprecedented value gain of GameStop, which is traded on US stock exchanges, within hours. Behind this rise were both Elon Musk and a group of Reddit users. Here are those Reddit users who turned the Bitcoin exchanges upside down this time. Attacking an altcoin known as” Dogecoin, ” the investor community boosted the value of the cryptocurrency by as much as 900 percent in just a 24-hour period.
The investor group on Reddit calls itself “WallStreetBets.” “Bets” is a phrase that has passed into our language as a bet. This allows us to learn about the group. To be honest, this group consists of young people who do not know technical analysis, indicators, rules, and laws. WallStreetBets, which has managed to become a huge group of hundreds of people over the years, is now managing to turn the stock markets upside down. Dogecoin qualifies as the team’s latest success.
Dogecoin was a sub coin whose value was questioned, trading at $ 0.0075 on Wednesday, January 27. Thursday, January 28, however, saw unprecedented rises. Amateur investors managed to raise the value of the cryptocurrency by as much as 900 percent to $ 0.0875. As of January 29th, 09:51, the value of this cryptocurrency is $ 0.050. This huge rise was far beyond the phrase “to the moon”, which is often used in cryptocurrency markets and represents serious rises. If we put this ascent in a new way, it would be more accurate to say Mars instead of the Moon.
To be honest, WallStreetBets has been manipulating the markets for two days. Although some of our readers criticize this phrase, the events that have occurred are nothing more than manipulation. Because the investor group deals through Reddit, and hundreds of people are part of these rises. But such events are forbidden, especially for financial transactions. Even conducting such transactions on the country’s stock exchanges can even lead to the banning of interested parties from the stock exchanges. It is not known if anything will happen to the Reddit group, but many investors have already begun to wonder which stock or cryptocurrency wallstreetbets ‘ next target will be…
