After Snoop Dogg becomes Snoop DOGE, Dogecoin Smokes Its All-Time High

[Cordillerabit]

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 meme cryptocurrency dogecoin (DOGE) rose more than 55 percent Sunday, setting a new all-time high.

 At the beginning of the day, the price of the cryptocurrency began trading around $0.056 and rose to $0.0872 Sunday afternoon before settling back to $0.084, up 55 percent in the last 24 hours, eclipsing the $0.078 all-time high set late last month. To date, DOGE is up more than 1,380 percent year to date.

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

Source: Bityard