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Jafrin Ahmed
Feb 8, 2021
by Jafrin Ahmed

DOGE Hits New ATH After Snoop Dogg Joins the Dogecoin Army

Snoop Dogg Dogecoin DOGE
Dogecoin (DOGE) has hit a new all-time high of $0.0872 after American rapper Snoop Dogg joined Elon Musk and Kiss rock star Gene Simmons by tweeting on a meme of Shiba Inu, the mascot of the DOGE token. The cryptocurrency soared to a record high of more than 55% after Snoop Dogg tweeted on the cryptocurrency. The year to date of DOGE has now been up by more than 1,380%.

Snoop Dogg Joins Elon Musk in Pumping DOGE

On Feb. 4, Elon Musk tweeted a picture of himself as Rafiki from the Lion King holding up the Shiba Inu meme, the mascot of Dogecoin, in place of Simba on a clifftop.

Two days later, Simmons too joined the Dogecoin bandwagon by tweeting that he is the God Of Dogecoin. A day later,  Snoop Dogg tagged Elon Musk in a tweet, featuring the Shiba Inu Doge’meme photoshopped onto the cover of Snoop’s album R&G (Rhythm and Gangsta): The Masterpiece.

Responding to this, Elon Musk tweeted a picture of himself holding up Simmons, who is holding up Snoop Dogg who in turn is holding up the Shiba Inu meme.

Even pop sensation Kevin Jonas too added his support for Dogecoin. The tweets from the popular trios were enough to cause the meme-based cryptocurrency to rise four spots on the list of the most valuable cryptocurrencies into seventh rank.

Dogecoin Now Among Top 7 Cryptocurrencies

Dogecoin has now climbed above Bitcoin Cash (BCH), Chainlink (LINK) Litecoin (LTC) and Binance's BNB.  The cryptocurrency has now a current market capitalization of upto $10.8 billion. Following the Gamestop and Robinhood drama, many traders rushed into the cryptocurrency market. DOGE was the first cryptocurrency to get noticed for investment especially among the r/Wallstreetbets community members. DOGE is considered as a meme-based cryptocurrency within the crypto market that initially started out as a joke. Technically, it does not have a use case, but has an active community around it.

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DOGE Hits New ATH After Snoop Dogg Joins the Dogecoin Army
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.