Dogecoin [DOGE]the first meme cryptocurrency to launch, has gained a huge following over the years. The asset has exploded in popularity, but DOGE’s price has stagnated.
DOGE, in the last 30 days has reduce 26.33%. This sentiment has continued into July as well. At press time, the meme coin was trading at $0.1198, down 3.14% over the past 24 hours.
Some investors have not given up on the meme coin despite its stagnant price. These investors include celebrities. Musk has been tweeting about Dogecoin for years.
His recent announcement that Dogecoin is one of three cryptocurrencies he owns has been instrumental in DOGE’s success. But Musk has gone beyond tweeting to provide users with meaningful uses for their DOGE holdings. Musk recently added several items to Tesla’s online store that can be purchased with Dogecoin.
While Elon Musk is certainly a celebrity, there are others who also make the list.
Celebrities Investing in Dogecoin
- Snoop Dogg – Snoop Dogg’s name often appears in NFT investments and some cryptocurrencies. His acquisition of Dogecoin in 2021 sparked his curiosity about these projects.
- Mark Cuban – The Mavericks made a bold move in March 2021 when they decided to accept DOGE as a payment method for tickets and merchandise. The team is owned by billionaire businessman Mark Cuban.
- Gene Simmons – According to the bassist of the rock band Kiss. He holds a bunch of cryptocurrencies. Among them, he has Dogecoin worth six figures.
- Lil Yachty – Reports reveal that American musician Lil Yachty intends to invest a third of his earnings in Dogecoin. In February, he even pushed the cryptocurrency to reach 10 cents.
- Kevin Jonas – Jonas Brothers band member claims he believes in Dogecoin. The eldest Jonas Brother tweeted in February 2021, “All I want to say is… $Doge.”
- Jake Paul – Similar to Kevin Jonas, Jake Paul joined the Doge craze in mid-February. The influencer and boxer drew comparisons between the dog-themed asset and Bitcoin, the market leader in terms of potential.
