On the 7th, the price of Dogecoin surged by more than 55%, breaking an all-time high when Snoop Dogg, a famous American rapper posted an Internet memes related to DOGE on Twitter.
Tesla CEO Elon Musk and Jean Simmons, a member of rock group KISS, are also leading the price increase by posting the Shiba Inu meme, the Dogecoin logo, on Twitter.
The Dogecoin price, which started at $0.056 each on the 7th, rose to $0.0872 in the afternoon on the same day and then dropped to $0.084. It rose 55% over a 24-hour period, exceeding the all-time high of $0.078 last month. From the beginning of this year to now, it has been showing a surge of more than 1380%.
Snoop Dogg posted the following tweet at 19:54 UTC (UTC).
@elonmusk pic.twitter.com/KElwKghpei
— Snoop Dogg (@SnoopDogg) February 6, 2021
A few hours later, Musk edited a scene from the movie The Lion King, tweeting himself a picture of Simmons, Simmons Snoop Dogg, and Snoop Dogg lifting a Shiba Inu.
So… it’s finally come to this… pic.twitter.com/Gf0Rg2QOaF
— Elon Musk (@elonmusk) February 7, 2021
Elon Musk on Twitter
(Although it is a separate story, Snoop Dogg is said to have hosted a Puppy Bowl event with his old friend Martha Stewart on the 7th. It is not known whether the event included Shiba inu.)
Simmons, who appears in Musk’s memes, posted a post that reflects his own arrogance on the morning of the 6th, saying, “God of Dogecoin,” and encouraging the price of Dogecoin to surge.
God Of Dogecoin. pic.twitter.com/FK6spgS7ZM
— Gene Simmons (@genesimmons) February 6, 2021
When three celebrities who advocate Dogecoin tweeted in succession, Dogecoin rose to the 7th place in the ranking of the most valuable cryptocurrencies.
It surpassed Bitcoin Cash (11th), Chainlink (10th), Litecoin (9th), and Binance Coin (8th). Currently, the market capitalization of Dogecoin is $10.8 billion. On the evening of the 6th, Kevin Jonas, a famous American singer, tweeted about defending Dogecoin.
All I’m saying… $doge
— Kevin jonas (@kevinjonas) February 7, 2021
Kevin Jonas on Twitter “What I’m saying… Doji”
Unfortunately, Musk has yet to add Jonas to his Lion King meme.
Reports and press releases should be sent to [email protected].