Adult topic moves Dogecoin price
Curvy blonde Angela White and Elon Musk's tweets serve as rocket fuel for Dogecoin
Dogecoin (DOGE) is doing well against the background of the general growth of altcoins. Especially after the tweet came from Angela White, an actress in adult films.
At the time of writing the tweet, DOGE tokens were trading at $0.0087 per share. By the new year, in less than 7 days, their price increased by almost 76%. It was $0.0135. This is the highest figure since January 2018.
Dogecoin has always had a special account in the cryptocurrency world. Despite the comic information field surrounding DOGE, it is a real cryptocurrency with a rather active community. This means that it can be traded, held and made profit.
This, in fact, was the tweet of Angela White, written on January 1, 2021. In it, she stated that she has been holding Doge since 2014. Following this tweet, the price of the cryptocurrency increased from $0.0057 to $0.0135 over a period of 2.5 days.
White is not the only famous person to influence the price of the meme cryptocurrency. Elon Musk's tweets are often the reason for the soaring price of Dogecoin.
He often jokes that this is his favorite cryptocurrency. The community is positive about this information and the price of coins usually goes up. In particular, the penultimate post about DOGE tokens in Musk's feed was made on December 20, 2020. Musk tweeted just Doge.
One word: Doge— Elon Musk (@elonmusk) December 20, 2020
The last one, congratulatory, in which Musk wished everyone a happy weekend, also smacked of "strawberries". Tesla creator wrote: Merry Christmas & happy holidays! 🎁
The reason the price of a cryptocurrency depends on public sentiment is in the concept of a "viral feedback loop." We have already written about this.
The market cap of the cryptocurrency is $1,248,602,587. Over the year, the cost increased by 320%.