Dogecoin gets some unlikely public petting from Australian adult star Angela White for its latest high-profile endorsement.
Meme-based altcoin Dogecoin (DOGE)
leads altcoin gains this week, pushing above 1 cent per token after a
surprise endorsement from Australian adult film star Angela White.
In an unlikely turn of events, White tweeted about her DOGE holdings and then changed her Twitter profile picture to herself in Dogecoin merchandise.
Angela White claims 7-year DOGE hodl
The net result was an instant 125% price increase in DOGE/USD, which beat the impact from a previous Twitter nod from Tesla CEO, Elon Musk.
“Been HODLing my $Doge since 2014. MUCH PATIENCE. TO THE MOON #dogecoin,” White wrote on Jan. 2.
The
impetus for the sudden reveal is unclear, and whether or not White has
in fact been keeping a stash of Dogecoin under the mattress for seven
years could not be immediately verified.
At
press time, however, DOGE was still reveling in the publicity, still up
by over 100% in the past seven days despite downwards volatility for
Bitcoin (BTC)
this week. Social media activity has surged with the number of Twitter
users spiking to record numbers for both cryptocurrencies in January,
according to data from TheTie.
DOGE/USD also managed to
crack the psychologically significant 1 cent mark, taking it to levels
not seen since January 2018. Despite its successes, the shiba inu still
remains relatively far off its all-time highs of $0.0153 from that
month.
It is not the only altcoin to benefit from the adult entertainment industry recently. Late last year, disruption at Pornhub saw Verge (XVG) reap the rewards as the website was left with cryptocurrency as its only payment option.
Altseason in all but name
Dogecoin nonetheless sets the scene for an altcoin rebirth that is increasingly taking hold of cryptocurrency markets.
As
Bitcoin’s record-breaking rally cools, alternative cryptocurrencies are
seeing their fortunes reverse after several years of blanket losses.
Among them is market leader Ether (ETH),
which returned above $1,000 overnight on Monday to practically match
Dogecoin’s performance, only at price levels several orders of magnitude
higher.
Others have also fared well, with Uniswap (UNI) up by over 50% in the past week and Polkadot (DOT) continuing its meteoric rise into the new year.
As Cointelegraph reported,
analysts feel the time is now right for altcoins to have their next
moment in the spotlight, with the potential upside able to eclipse even
Bitcoin’s gains since the summer.
“They said that altcoins will not do well anymore. No more altseasons. Bitcoin dominance towards 80%+,” Cointelegraph Markets analyst Michaël van de Poppe summarized to Twitter followers on Monday.
“But then they didn't meet 2021 yet.”
source link : https://cointelegraph.com/news/the-biggest-winner-of-bitcoin-s-rally-dogecoin-doge-price-soars-105-in-one-week
