After Elon Musk, another World-Famous star joined the Dogecoin (DOGE) Army!
It's Snoop Dogg's turn to doge Shilling after Elon Musk!
Dogecoin (DOGE) is undoubtedly one of the most talked about cryptocurrencies of recent days. Doge's adventure began weeks ago with Elon Musk. Musk, one of the world's richest names, backed the rise of the DOGE “again,” posting a few tweets about it. This action, which could be seen as manipulation in regulated markets, was met with enthusiasm in cryptocurrency markets.
Elon Musk and the Doge influence
After Elon Musk tweeted close to 10 about the DOGE, the price went up incredibly and then went into consolidation. DOGE, which rose to $ 0.080, is trading at $ 0.05 as of the time of writing this article. Despite the correction he experienced, the DOGE still achieved a 105% increase in 7 days.
Those who received the DOGE's price from the top, or who would receive it, gradually began to show themselves. First, Gene Simmons, the lead singer of the world-famous KISS band, announced that he had taken the DOGE. Simmons also tweeted that the rap star, known to the world as Snoop Dogg, was also a compatible DOGE.
Snoop Dogg is also in the army of the Doge
Snoop Dogg's tweet is based on the visual celebrity project's mascot. Snoop Dogg, who tweeted this pinned down and tagged Elon Musk, points out that in fact a current may have begun among celebrities. Another famous name, like Mia Khalifa, recently announced that she had taken the DOGE.
The fact that celebrities are slowly starting to take the DOGE, or tweeting about it, could seriously change things. Despite this, the price of the DOGE, which has unlimited supply, seems unlikely to rise in the long term only with the support of celebrities. But if significant changes can be made to the project, the situation may be different.
Does the Doge have a basis?
Even Jackson Palmer, the founder of Doge, which was launched years ago for purely joke and factional purposes, had already tæerk the project long ago. Given these circumstances, it can be said that the project, which everyone is interested in, including Elon Musk, only benefits from the “meme” culture on the internet. But it should not be forgotten that, like every trend, this risks ending soon.
When celebrity interest in the Doge is over and individual investors are also hurting, the Doge price could fall far below where it started.