Dogecoin (DOGE) has hit a new all-time high of $0.0872 after American rapper Snoop Dogg joined Elon Musk and Kiss rock star Gene Simmons by tweeting on a meme of Shiba Inu, the mascot of the DOGE token. The cryptocurrency soared to a record high of more than 55% after Snoop Dogg tweeted on the cryptocurrency. The year to date of DOGE has now been up by more than 1,380%. Snoop Dogg Joins Elon Musk in Pumping DOGE On Feb. 4, Elon Musk tweeted a picture of himself as Rafiki from the Lion King holding up the Shiba Inu meme, the mascot of Dogecoin, in place of Simba on a clifftop. Two days later, Simmons too joined the Dogecoin bandwagon by tweeting that he is the God Of Dogecoin. A day later, Snoop Dogg tagged Elon Musk in a tweet, featuring the Shiba Inu Doge’meme photoshopped onto the cover of Snoop’s album R&G (Rhythm and Gangsta): The Masterpiece. @elonmusk pic.twitter.com/KElwKghpei — Snoop Dogg (@SnoopDogg) February 6, 2021 Responding to this, Elon Musk tweeted a picture of himself holding up Simmons, who is holding up Snoop Dogg who in turn is holding up the Shiba Inu meme. So … it’s finally come to this … pic.twitter.com/Gf0Rg2QOaF — Elon Musk (@elonmusk) February 7, 2021 Even pop sensation Kevin Jonas too added his support for Dogecoin. The tweets from the popular trios were enough to cause the meme-based cryptocurrency to rise four spots on the list of the most valuable cryptocurrencies into seventh rank. All I’m saying… $doge — kevin jonas (@kevinjonas) February 7, 2021 Dogecoin Now Among Top 7 Cryptocurrencies Dogecoin has now climbed above Bitcoin Cash (BCH), Chainlink (LINK) Litecoin (LTC) and Binance’s BNB. The cryptocurrency has now a current market capitalization of upto $10.8 billion. Following the Gamestop and Robinhood drama, many traders rushed into the cryptocurrency market. DOGE was the first cryptocurrency to get noticed for investment especially among the r/Wallstreetbets community members. DOGE is considered as a meme-based cryptocurrency within the crypto market that initially started out as a joke. Technically, it does not have a use case, but has an active community around it.
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