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Dogecoin becomes the cryptocurrency of the stars.
The memes-inspired play hit an all-time high over the weekend after Snoop Dogg and Gene Simmons declared themselves fans on Twitter.
Dogecoin hit its record high of around 8.7 cents on Sunday, a day after Calvin Broadus-born ‘Gin N Juice’ rapper tweeted a ‘Snoop Doge’ album cover mockup with a dog’s face pictured on his body.
ELON MUSK’S DOGECOIN TWEETING HAS BELIEVERS BEGINNING FOR MORE
The iconic artist’s post marked billionaire Tesla boss Elon Musk, whose tweets caused price spikes for Dogecoin, which is now the eighth largest cryptocurrency by total market value, according to CoinMarketCap.com.
Simmons, the former frontman of Kiss, has also joined the Dogecoin craze. He called himself the “God of Dogecoin” in a tweet on Saturday a day after claiming he bought the digital currency for “six digits”, which was originally created as a joke.
Dogecoin is becoming the cryptocurrency of the stars as rapper Snoop Dogg and rocker Gene Simmons have staked heavily on cryptocurrency. (Photo by Richard Shotwell / Invision / AP)
“Woopie !!! @dogecoin is soaring… to the moon, ”Simmons tweeted Sunday with a picture of himself in his black and white Kiss makeup.
Musk welcomed Simmons and Broadus into the Dogecoin fold with his own bizarre meme. Like a similar image he shared last week, it depicted the three men as a towering string of Rafikis from “The Lion King” lifting a baby Simba with the head of a shiba inu dog.
“So… it’s finally got to this,” Musk tweeted.
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Dogecoin continued its rally until Monday morning and was recently trading at around 8.2 cents, up around 32% from the previous day, according to CoinDesk.
The market value of the seven-year coin has more than doubled over the past week to around $ 10.7 billion, according to data from CoinMarketCap.
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