Dogecoin Hits New High As Snoop Dogg Joins Crypto Craze

Dogecoin is becoming the cryptocurrency of the stars.

The meme-inspired coin surged to an all-time high over the weekend after Snoop Dogg and Gene Simmons declared themselves fans on Twitter.

Dogecoin hit its record peak of about 8.7 cents on Sunday, a day after the “Gin N Juice” rapper born Calvin Broadus tweeted a mock “Snoop Doge” album cover with a dog’s face photoshopped onto his body.

The iconic artist’s post tagged billionaire Tesla chief Elon Musk, whose tweets have caused previous price spikes for Dogecoin, which is now the eighth-largest cryptocurrency by total market value, according to CoinMarketCap.com.

Simmons, the former Kiss frontman, has also joined the Dogecoin craze. He called himself the “God Of Dogecoin” in a Saturday tweet a day after claiming he had bought “six figures” worth of the digital currency, which was initially created as a joke.

“Woopie!!! ⁦@dogecoin skyrocketing…to the moon,” Simmons tweeted Sunday along with an image of himself in his black-and-white Kiss makeup.

Musk welcomed Simmons and Broadus to the Dogecoin fold with a bizarre meme of his own. Like a similar image he shared last week, it depicted the three men as a towering chain of Rafikis from “The Lion King” lifting up a baby Simba with the head of a shiba inu dog.

“So … it’s finally come to this,” Musk tweeted.

Dogecoin continued its rally into Monday morning and was recently trading at about 8.2 cents, up roughly 32 percent from a day earlier, according to CoinDesk.

The seven-year-old coin’s market value has more than doubled over the past week to about $10.7 billion, CoinMarketCap’s data show.

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