The biggest winner of Bitcoins rally? Dogecoin. DOGE price soars 105% in one week
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.