Bitcoin
$63,055.17-0.77%
Ethereum
$3,025.99-1.49%
Binance Coin
$552.06+0.05%
Solana
$140.21-2.18%
XRP
$0.49744322-1.12%
Dogecoin
$0.15168351-0.58%
Toncoin
$6.00-8.57%
Cardano
$0.46211782+0.71%
Shiba Inu
$0.00002244-1.86%
Avalanche
$34.31-2.13%
Wrapped Bitcoin
$63,366.66-0.38%
Tron
$0.10952867-0.03%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
00
DAYS
20
HR
49
MIN
35
SEC
Markets

Dogecoin Smokes Its All-Time High After Snoop Dogg Becomes Snoop DOGE

DOGE also jumped four places on the list of most-valuable cryptocurrencies to No. 7.

By Nate DiCamillo
AccessTimeIconFeb 7, 2021 at 4:41 p.m. UTC
Updated Sep 14, 2021 at 12:08 p.m. UTC
Image tweeted by Snoop Dogg.
Image tweeted by Snoop Dogg.
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The price of meme cryptocurrency dogecoin (DOGE) soared more than 55% Sunday, setting a new all-time high, after American rapper Snoop Dogg joined DOGE booster-in-chief 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 all-time high of $0.078 set late last month. Year to date DOGE is up more than 1,380%.

At 19:54 UTC on Saturday, the rap artist tweeted out the following:


Hours after Dogg's Tweet, Musk, who, when he’s not busy boosting DOGE also serves as Tesla’s CEO, tweeted a Lion King-inspired picture of himself holding up Simmons holding up Snoop Dogg who in turn is holding up a Shiba Inu. 

(In other, apparently unrelated, Snoop Dogg/canine-related news, the rapper co-hosted this year's Puppy Bowl earlier Sunday with his long-time friend Martha Stewart. At press time it wasn't known whether any Shibu Inus took part in the event.)

Simmons was included in Musk's meme as the Kiss rocker had kicked off the current round of DOGE-pumping early Saturday morning with typical modesty, tweeting to the world that he is the "God Of Dogecoin."

The Tweets by the trio of DOGE lovers apparently were enough to cause the meme-based 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 tweet Saturday evening.

At press time, Jonas had yet to be added to Musk’s Lion King meme, which is a DOGE-gone shame.

UPDATE (Feb. 7, 22:14 UTC): Updates with new all-time high.
UPDATE (Feb. 7, 22:35 UTC): Updates price, position on most-valuable crypto list.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.