The mem-based crypto token Dogecoin (DOGE) hit an all-time high shortly after the trio of American rapper Snoop Dogg, Kiss rock star Gene Simmons and DOGE enthusiast Elon Musk introduced the token in a tweet.
They tweeted out a meme of the Shiba Inu, a dog breed representing the DOGE token. The price of the cryptocurrency increased by 55% after the tweet.
Dogecoin reaches an all-time high
At the beginning of the day, the token traded at $ 0.056, but in the afternoon it surged to $ 0.0872 and rose 55% in 24 hours to beat the all-time high of $ 0.078 at the end of last month.
Cryptocurrency plans from Snoop Dogg
On the other hand, Snoop Dogg announced that he is considering launching the cryptocurrency in the future.
Snoop also hinted that he will make more contributions to the crypto space in addition to his latest NFT offer via Crypto.com. He also mentioned the similarities between his professional name and Dogecoin, adding that journalist Nick Bilton was absolutely right in predicting the existence of Dogecoin and Snoopcoin one day.
While the token version is in NFT form containing “Snoop Dogge coins” on Crypto.com, the token it proposes in the future will be a real cryptocurrency.
At the time of writing, users have purchased 3,000 versions of Snoop Dogg NFT.
Like Kiss’ Gene Simmons and billionaire Elon Musk, Snoop is one of the biggest supporters of the Dogecoin cryptocurrency. Their activity on the token and frequent tweeter interactions increased the value of the cryptocurrency.
However, Snoop is not only interested in Dogecoin, but also in Bitcoin (BTC). He recently stated that the end of the epidemic will not see the Dogecoin token disappear as some speculated.