How Elon Musk, Snoop Dogg, Gene Simmons Sent Dogecoin To A Record $0.08

Dogecoin’s price was soaring again on Sunday, thanks to some tweets from some rather well-known business and entertainment moguls.

Again, Elon Musk was on a Twitter frenzy that had Dogecoin seeing record prices of $0.08436 in the last 24 hours, according to CoinMarketCap. Early Monday, Dogecoin’s price was still up 24.5% to $0.07511.

The electric car genius sparked the interest in Dogecoin peaking, inticing his 46 million followers with a tweet that read, “Who let the Doge out.”

The tweet was followed by another that referred to a poll Musk had taken, showing that 71.3% of people wanted Dogecoin as the “future currency of Earth.”

But Musk called out some other Dogecoin backers when he posted a meme depicting some other famous Twitter users also backing the currency. He had gained the support of rapper Snoop Dogg and KISS frontman Gene Simmons, who were said to have joined his “Dogecoin Army.”

Snoop Dogg seemingly acknowledged to Musk that he was all in for Dogecoin, posting a meme of the Dogecoin dog – a Shiba Inu breed that is the unofficial mascot of the currency and holding a bankroll of money. Snoop also tagged the Tesla CEO in the post.

Simmons also showed his enthusiasm for Dogecoin as a long-time backer of the currency with a series of posts.

In one post, he wrote, “Woopie!!! @dogecoin skyrocketing...to the moon. HODLE!” as the price of the currency soared on Sunday.

In another post, Simmons wrote to his 925,500 followers, “@dogecoin is at .72. .. So you’d be at least 7 times richer….,” most likely referring to those who had not bought the currency yet. He ended the post by saying, “Mic drop!”

Musk’s posts have been known to influence the price of Dogecoin in the past. One December post of a fictional magazine cover called “Dogue” sent the price of the currency up over 20%.

His return to Twitter last week, after a brief hiatus, also sparked a Dogecoin price increase as the billionaire simply tweeted, “Doge.” The cryptocurrency soared 63% -- to $0.05350.