Before Dogecoin price 800% increase in recent days, the candy empire Mars’ Snickers and Milky Way joined in on promoting DOGE
When Jackson Palmer created Dogecoin on December 6, 2013, he could not foresee the hype that the coin received this year. By 2021, Dogecoin price not only skyrocketed by more than 800%, but it also received strong Tweets from Elon Musk, CEO of Tesla, and Mark Cuban, owner of Dallas Mavericks. Recently, Snickers & Milky Way Twitter account also joined in on the meme-based cryptocurrency.
Snickers and Milky Way are now a Dogecoin price and #DogeDay
Snickers, chocolate bars that have been sold around the world for over 90 years, are entering the crypto space by promoting Dogecoin. In a tweet today, Snickers posted an image of the Dogecoin (DOGE) Shiba Inu dog atop the message “Dogecoinrise” to its more than 407,500 followers. The candy bar brand included the hashtag “DogeDay,” which has been trending in the United States, as well as two rocketship emojis in a reply.
— SNICKERS (@SNICKERS) April 19, 2021
Snickers isn’t the only voice from the candy bar world boosting DOGE. In a reply to Snickers’ tweet, the Milky Way – both brands produced by confectionery company Mars – included a message of agreeing with the chocolate bar’s crypto-favored stance. The Milky Way added a tweet to its 11,400 followers that appear to be trying to replace the popular crypto-space “to the moon” phrase “to the Milky Way”:
CONGRATS TO THE #DOGEARMY FOR MAKING #DogeDay TREND. @DogecoinRise to the Milky Way not just the ?!
— MILKY WAY (@milkyway) April 19, 2021
According to data from Google trends, search for “Dogeday” has increased overnight and the hashtag has been trending on the social media platform. Social Engagement for Dogecoin is currently 931% with social dominance over 536%. The sentiment received by Dogecoin is beyond expectation, considering Elon Musk has tweeted anything about Dogecoin either in the past week.
What separates DOGE from other alts is that 61% of DOGE HODLers have held the coin for over a year. This is clearly not the case for most other top altcoins that offer double and triple-digit gains. Most altcoins have high short-term ROI, low long-term ROI, and interestingly, DOGE is the opposite.
The upbeat sentiment from the two major candy brands towards DOGE is not without it. Although initially created as a joke, the Dogecoin price has increased exponentially in recent weeks. At the time of publishing, the DOGE price was $ 0.39, which was up more than 570% in the past 30 days.
With the hashtag “DogeDay” currently trending, many Dogecoin traders favor the token’s price to eventually reach $ 1. DOGE is largely unaffected by the market downturn that has affected Bitcoin’s daily price. yesterday, causing crypto assets to drop to $ 52,000 before rising to more than $ 56,000.
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