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Dogecoin is becoming the cryptocurrency of the stars.
The meme-inspired currency peaked at the weekend after Snoop Dogg and Gene Simmons declared themselves fans on Twitter.
Dogecoin peaked at a record high of around 8.7 cents on Sunday, the day after “Gin N Juice” rapper, born Calvin Broadus, tweeted a simulated “Snoop Doge” album cover with the face of a dog photoshopped on your body.
ELON MUSK’S DOGECOIN TWEETING HAS BELIEVERS MARRIAGE FOR MORE
The iconic artist’s post marked billionaire Tesla chief Elon Musk, whose tweets caused previous price spikes for Dogecoin, which is now the eighth largest cryptocurrency in total market value, according to CoinMarketCap.com.
Simmons, the former Kiss leader, also joined the Dogecoin craze. He called himself the “God of Dogecoin” in a tweet on Saturday, the day after saying he bought “six digits” in digital currency, which was initially created as a joke.
Dogecoin is becoming the cryptocurrency of the stars, as rapper Snoop Dogg and rocker Gene Simmons bet heavily on cryptocurrency. (Photo by Richard Shotwell / Invision / AP)
“Woopie !!! @dogecoin shooting … to the moon ”, Simmons tweeted on Sunday along with an image of himself in his black and white Kiss makeup.
Musk welcomed Simmons and Broadus to the Dogecoin fold with a bizarre meme of his own. Like a similar image he shared last week, she portrayed the three men as a tall Rafikis chain from “The Lion King” lifting a simba baby with the head of a shiba inu dog.
“So … finally got to that point,” Musk tweeted.
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Dogecoin continued its rise on Monday morning and was recently trading at around 8.2 cents on the dollar, up 32% from the previous day, according to CoinDesk.
The market value of the seven-year coin more than doubled last week, to about $ 10.7 billion, according to data from CoinMarketCap.