{"id":36004,"date":"2021-02-08T11:03:43","date_gmt":"2021-02-08T09:03:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36004"},"modified":"2025-08-29T04:09:30","modified_gmt":"2025-08-29T01:09:30","slug":"dogecoin-climbs-41-in-a-day-to-a-fresh-high-aided-by-snoop-dogg","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dogecoin-climbs-41-in-a-day-to-a-fresh-high-aided-by-snoop-dogg\/","title":{"rendered":"Dogecoin climbs 41% in a day to a fresh high, aided by Snoop Dogg"},"content":{"rendered":"<p>In the early hours of February 8, the price of Dogecoin surged 41% from $0.058 to $0.082, hitting a fresh high. As of writing, the coin was trading at around $0.071, according to CoinGecko.<\/p>\n<p><!--more--><\/p>\n<div id=\"attachment_124246\" style=\"width: 984px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-124246\" class=\"size-full wp-image-124246\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Bez-zagolovka-3.png\" alt=\"Dogecoin climbs 41% in a day to a fresh high. The coin backed by Snoop Dogg\" width=\"974\" height=\"449\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Bez-zagolovka-3.png 974w, https:\/\/u1f987.com\/wp-content\/uploads\/Bez-zagolovka-3-300x138.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Bez-zagolovka-3-768x354.png 768w\" sizes=\"auto, (max-width: 974px) 100vw, 974px\" \/><\/p>\n<p id=\"caption-attachment-124246\" class=\"wp-caption-text\">Price chart for DOGE. Data: CoinGecko.<\/p>\n<\/div>\n<p>One possible reason for the price rise was support from American rapper Snoop Dogg. On February 6 he posted a meme featuring the cryptocurrency symbol, with a Shiba Inu dog in the image of himself, and mentioned Elon Musk.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"und\"><a href=\"https:\/\/twitter.com\/elonmusk?ref_src=twsrc%5Etfw\">@elonmusk<\/a> <a href=\"https:\/\/t.co\/KElwKghpei\">pic.twitter.com\/KElwKghpei<\/a><\/p>\n<p>\u2014 Snoop Dogg (@SnoopDogg) <a href=\"https:\/\/twitter.com\/SnoopDogg\/status\/1358141965930426368?ref_src=twsrc%5Etfw\">February 6, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nCEO Tesla and SpaceX responded with a joke. In the image, Musk is shown holding a performer from the rock band Kiss, Gene Simmons, who had previously talked <a href=\"https:\/\/u1f987.com\/en\/news\/kiss-bassist-gene-simmons-invests-in-dogecoin-and-xrp\">about investing in Dogecoin<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">So \u2026 it\u2019s finally come to this \u2026 <a href=\"https:\/\/t.co\/Gf0Rg2QOaF\">pic.twitter.com\/Gf0Rg2QOaF<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1358319935978496001?ref_src=twsrc%5Etfw\">February 7, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe cryptocurrency was also backed by musician Kevin Jonas.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">All I\u2019m saying\u2026 <a href=\"https:\/\/twitter.com\/search?q=%24doge&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$doge<\/a><\/p>\n<p>\u2014 kevin jonas (@kevinjonas) <a href=\"https:\/\/twitter.com\/kevinjonas\/status\/1358221690216546311?ref_src=twsrc%5Etfw\">February 7, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nLater, Musk posted a playful video titled \u201cD is for Dogecoin.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"vi\">\u00d0 is for \u00d0ogecoin! Instructional video.<a href=\"https:\/\/t.co\/UEEocOfcTb\">https:\/\/t.co\/UEEocOfcTb<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1358584801003884544?ref_src=twsrc%5Etfw\">February 8, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nGalaxy Digital founder Mike Novogratz expressed concern about the asset\u2019s prospects.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">I actually think the <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$DOGE<\/a> frenzy is gonna end poorly. Same reason <a href=\"https:\/\/twitter.com\/search?q=%24GME&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GME<\/a> did. Greed and Gravity. <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$DOGE<\/a> doesn\u2019t have a purpose. Stay with <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>, defi coins. Plenty of smarter ways to play this crypto rally.<\/p>\n<p>\u2014 Mike Novogratz (@novogratz) <a href=\"https:\/\/twitter.com\/novogratz\/status\/1358551154712526848?ref_src=twsrc%5Etfw\">February 7, 2021<\/a><\/p>\n<\/blockquote>\n<blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n\u00abThe DOGE mania will end badly. For the same reason as GME. Greed and gravity. DOGE has no purpose,\u00bb wrote Novogratz.<\/p>\n<\/blockquote>\n<p>Earlier, Dogecoin rose<a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-tweets-about-dogecoin-again-as-the-coin-climbs-nearly-50\"> almost 50% in under an hour<\/a> after Musk\u2019s tweets.<\/p>\n<p>As noted, an unidentified crypto whale concentrated<a href=\"https:\/\/u1f987.com\/en\/news\/more-than-28-of-dogecoins-supply-is-concentrated-in-a-single-address\"> more than 28% of Dogecoin<\/a> in one address.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news stream, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the early hours of February 8, Dogecoin&#8217;s price surged 41% from $0.058 to $0.082, hitting a fresh high. As of writing, the coin was trading at around $0.071, according to CoinGecko.<\/p>\n","protected":false},"author":1,"featured_media":36005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[99,1217],"class_list":["post-36004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dogecoin","tag-elon-musk"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36004"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36004\/revisions"}],"predecessor-version":[{"id":36006,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36004\/revisions\/36006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36005"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}