CoinWorld reported:
Dogecoin [DOGE] is the first meme cryptocurrency to make its debut, attracting a large number of fans over the years. In terms of popularity, the asset has been thriving, but the price of DOGE has remained stagnant. In the past 30 days, DOGE has dropped by 26.33%. This sentiment has continued into July as well. At the time of writing, the meme coin’s trading price is $0.1198, with a 3.14% decrease in the past 24 hours.
Despite the price stagnation of the meme coin, some investors have not given up. Among these investors are also some well-known figures. Over the years, Musk has been talking about Dogecoin on Twitter. He recently stated that Dogecoin is one of his only three cryptocurrencies, and its success is crucial. But besides tweeting, Musk has also provided users with acceptable uses for holding DOGE. Recently, Musk added a range of products that can be purchased with Dogecoin to the Tesla online store.
While Elon Musk is undoubtedly popular, there are also other names on the list.
Also read: Dogecoin: Analysts predict Dogecoin to be worth $1 by 2025
Celebrities jumping on the Dogecoin bandwagon
Snoop Dogg – Snoop Dogg’s name frequently appears in NFT investments and several cryptocurrencies. In 2021, his acquisition of Dogecoin sparked his curiosity in these enterprises. Mark Cuban – The Dallas Mavericks took a bold step in March 2021 by deciding to accept DOGE as payment for tickets and merchandise. The owner of the team is billionaire businessman Mark Cuban. Gene Simmons – According to the bassist of the rock band Kiss, he holds a significant amount of cryptocurrency. Among them, his Dogecoin holdings are valued in the six figures.
Lil Yachty – It is reported that American musician Lil Yachty plans to invest one-third of his income in Dogecoin. In February of this year, he even propelled the cryptocurrency to reach 10 cents. Kevin Jonas – Jonas Brothers band member expressed his belief in Dogecoin. In February 2021, the oldest Jonas brother wrote on Twitter, “Just wanted to say… $Doge.” Jake Paul – Similar to Kevin Jonas, Jake Paul joined the Doge frenzy in mid-February. The influential boxer compared the dog-themed asset to the potential of market leader Bitcoin.
Also read: Do not buy Dogecoin in July 2024: Here’s why
