Dogecoin Smokes Its AllTime High After Snoop Dogg Becomes Snoop DOGE

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The price of meme cryptocurrency dogecoin DOGE soared more than 55 Sunday, setting a new alltime high, after American rapper Snoop Dogg joined DOGE boosterinchief 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 0.056 at the beginning of the day and rose to 0.0872 Sunday afternoon before settling back to 0.084, up 55, in the last 24 hours, eclipsing the alltime high of 0.078 set late last month. Year to date DOGE is up more than 1,380.

Hours after Doggs Tweet, Musk, who, when hes not busy boosting DOGE also serves as Teslas CEO, tweeted a Lion Kinginspired picture of himself holding up Simmons holding up Snoop Dogg who in turn is holding up a Shiba Inu.

The Tweets by the trio of DOGE lovers apparently were enough to cause the memebased cryptocurrency to rise four spots on the list of the most valuable cryptocurrencies into seventh place, racing past Bitcoin Cash 11, Chainlink 10, Litecoin 9 and BNB 8. DOGE now has a current market value of 10.8 billion. Pop music star Kevin Jonas also added his support for the cryptocurrency with a Tweeted Saturday evening.

Source FXPro

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