Dogecoin hype continues to gain mainstream acceptance as Hollywood celebrities and prominent executives make crypto moves. Recently, Meek Mill ventured into the crypto environment, purchasing Dogecoin worth $50,000.
The rapper posted to his social media fans about his big moves with the new crypto investment. His tweet expressed his joy to join the crypto world after missing out on the opportunity. In his Instagram story, the celebrity posted a screenshot indicating his transaction to obtain the meme asset. The photo showed him investing in over 94,000 coins worth $50,000. At the moment of Mill’s purchase, Dogecoin was trading at about $0.54.
Undeniable, the hype surrounding Dogecoin was hard for Meek Mill to ignore. What do you think about his decision? Will more celebrities come aboard? As much as it is not clear how long this coin will prosper, you will agree that the asset might witness a huge following soon. However, this is not a guarantee in any way. Everyone understands that the crypto market is unpredictable.
Keep in mind that Meek Mill has shown his love for the cryptocurrency industry before. Do you recall the GameStop surge? That was in January, where the rapper urged his fun to join him in an attempt to study the crypto investment world.
In February, the rapper revealed his application to join the Robinhood exchange platform. He accused the app of holding his money. Now, it seems like the celebrity has finally acquired some Dogecoin.
Did Meek make the best investment move? His crypto deal comes after Dogecoin surges again yesterday, reaching its highest, over $0.45. The coin’s value has maintained an upward trend as far as 2021 is concerned, hitting a market cap above 9,000%.
Although started as a joke by meme enthusiasts and crypto fans, Dogecoin has obtained momentum. Thanks to the massive support by prominent individuals. Elon Must has been backing up Dogecoin, promoting it through his Twitter account. The CEO is about to take further steps, announcing to his followers that he would mention the coin in his Saturday Night Live event hosting stint.
Besides Meek, rapper Snoop Dog showed his interest in Dogecoin through his meme tweet in February promoting the coin’s price up by over 55%.
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