Meme Coin Soars Today After Twitter Endorsement
Bruno CookApril 14, 2021
Photo by NBC/NBCU Photo Bank via Getty Images
American restaurateur and TV host Guy Fieri joined Mark Cuban yesterday to publicly support the cryptocurrency Dogecoin via Twitter. What’s up with Dogecoin, why is it soaring, and why are Guy Fieri and Mark Cuban tweeting?
Guy Fieri Dogecoin tweet
Guy Fieri publicly endorsed the cryptocurrency Dogecoin on Twitter yesterday.
Donning a spacesuit, the famous Governor meme wrapped in a spacesuit helmet, Fieri captioned his tweet with the space rocket emoji, “Rollin’ out to the MOON.”
Billionaire entrepreneur Mark Cuban joined in, tweeting about the surge in Dogecoin sales and claiming that his company “will never sell 1 Dogecoin.”
“So keep buying.”
Why is Dogecoin soaring today?
Dogecoin’s value has soared thanks to the Twitter activity of Guy Fieri and Mark Cuban, as well as other celebrity endorsements.
its daily trading volume over $4.5 billion first.
A single currency appreciates 70% within 48 hours, and some people speculate about its value May reach $0.245 soon.
A Dogecoin is Currently worth nearly 14 centsup from 6 cents a week ago.
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Photo by John Lampasky/Getty Images
What happened to Dogecoin?
The value of Dogecoin and other cryptocurrencies such as Bitcoin and Ether (Ethereum’s currency) fluctuates. In other words, they go up and down a lot.
They are less predictable than fiat currencies like USD or GBP.
The value of a cryptocurrency unit depends in part on supply and demand. For example, there is an upper limit to the number of Bitcoins that can exist – no more than 21 million.
but also External factor This affects the value of cryptocurrencies. Software updates, trustworthiness, and competition with other cryptocurrencies also affect the value of Bitcoin, Ethereum, and Dogecoin.
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SHARK TANK – 1212 Two friends from Mandeville, Louisiana first got into the tank and they introduced their bedding, designed to help make beds more convenient. Three entrepreneurs from Hyattsville, MD, are on a mission to create a healthy lifestyle for families using delicious plant-based foods with classic favorites. An entrepreneur from New York City showed Sharks an easy way to walk your dog without tracking down dirt and germs, while another from Brooklyn, New York showed off her fun educational app designed to help Kids learn to code on Friday, February on Shark Tank. 26 (8:00-9:01 pm EST) on ABC. (Christopher Willard via Getty Images) Mark Cuban
How does the endorsement of Fieri and Cuban affect Dogecoin?
Both Fieri and Cuban are public figures, and each has a great platform and a degree of credibility when it comes to investing.
Fieri’s tweet was liked more than 34,000 times, while Cuban’s tweet was liked more than 8,000 times. Both also garnered thousands of retweets and quoted tweets.
As a result, Dogecoin’s credibility has increased according to public opinion. This in turn increases its value.
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Bruno is a novelist, amateur screenwriter and journalist with interests in digital media, storytelling, film and politics. He has lived in France, China, Sri Lanka and the Philippines, but returned to the UK in 2020 to pursue a degree (and because of the pandemic). His articles appear in Groundviews, Forge Press, and The Friday Poem, most of which are available at Medium or onurbicycle.com.
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