Whereas Dogecoin might look like the epitome of a meme inventory, it is an actual cryptocurrency that may be purchased and traded, and celebrities from Elon Musk to Mia Khalifa and Gene Simmons are utilizing their platforms to maintain the coin with the Shiba Inu canine brand trending — and even perhaps change its notion.
What Occurred: Simply because the buying and selling of GameStop Company (NYSE:GME) got here to face for the concept of small retail traders taking up the Wall Road elite in January, Dogecoin is now being known as the “folks’s coin” by celebrities and influencers on social media.
On Thursday, Tesla (NASDAQ:TSLA) CEO Elon Musk returned to Twitter after a two-day go away to ship a collection of tweets mentioning doge.
ur welcome pic.twitter.com/e2KF57KLxb
— Elon Musk (@elonmusk) February 4, 2021
However Musk isn’t the one superstar or web character thrusting Dogecoin into the limelight.
Following Musk, Joey Swoll additionally went on a Twitter rant Thursday about dogecoin. The bodybuilder, health mannequin and web character despatched numerous tweets pumping the coin and referred to Musk because the chief of the doge military. A couple of hours later he adopted up by writing “WAKE UP #DOGEARMY USA! LET’S TAKE THIS TO THE MOON!”
OnlyFans star Mia Khalifa spoke to ZingerNation final week, discussing Dogecoin and different meme shares she purchased in the course of the GameStop saga in January.
On Jan. 29, Khalifa advised her followers on Twitter she had bought the coin when she mentioned, “okay I caved and acquired the canine shares lmaoooooo,” following up later with “that is the primary time I’ve ever hated a canine.”
On Monday Gene Simmons, bassist within the rock band Kiss, took a gentler method to promoting the coin, writing on Twitter, “not recommending any of those to anybody. However sure, I additionally purchased Dogecoin, XRP and others. Make of it what you’ll.”
On Jan. 19 rapper Soulja Boy launched a video on Cameo, a platform the place celebrities are paid to $75 to learn messages, and said dogecoin is “gonna be the crypto of the long run. Dogecoin is the folks’s coin.”
Earlier in January, adult film star Angela White mentioned on Twitter, “Been HODLing my $Doge since 2014. MUCH PATIENCE. TO THE MOON.
Why It Issues: Though the pandemic has bodily remoted folks from one another, it has offered the proper recipe for social unification as folks caught at dwelling with extra spare time than they’re used to having collect on social media and discover causes to bond over.
The motion behind r/WallStreetBets surfaced round anger at hedge funds and huge firms.
Now, celebrities are utilizing their affect to harness that very same emotion from their followers.
Learn how to purchase Dogecoin here.
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