Dogecoin Rises More Than 36% After Snoop Dogg Becomes Snoop DOGE - CoinDesk

 coindesk.com  02/07/2021 16:41:19   Nathan DiCamillo

The price of meme cryptocurrency dogecoin (DOGE) soared more than 36% Sunday after American rapper Snoop Dogg a day earlier joined DOGE booster-in-chief Elon Musk and Kiss rock star Gene Simmons in tweeting a meme of a Shiba Inu, the dog breed that represents the DOGE token.

The price of the cryptocurrency started trading around $0.56 at the beginning of the day and rose as high as $0.069 Sunday morning, before settling back to $0.068, up more than 34% in the last 24 hours, a DOGEs whisker from the all-time high of $0.078.Year to date DOGE is up more than 1,100%.

At 19:54 UTC on Saturday, the rap artist tweeted out the following:

At 07:41 UTC on Sunday, Musk, who, when hes not busy boosting DOGE also serves as Teslas CEO, tweeted a Lion King-inspired picture of himself holding up Simmons holding up Snoop Dogg who in turn is holding up a Shiba Inu.

Pop music star Kevin Jonas also tweeted on Saturday evening, adding his support of the memecurrency.

At press time, Jonas had yet to be added to Musks Lion King meme, which frankly is a DOGE-gone shame.

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