After Elon Musk, John McAfee is the second-largest celebrity and community influencer who supports Dogecoin (DOGE). Not long ago, McAfee himself confirmed that he only chose coins he believed had to value. One of them happens to be Dogecoin price.
Much of the new allegations from the Feds are about my “coin of the day”. For a few days in 2017 I chose coins I believed had value.
One of them was Doge – now being touted years later by Elon Musk. The coin has increased well over 1000% since I chose it.
Not a pump and dump.
— John McAfee (@officialmcafee) March 7, 2021
John McAfee: Dogecoin is up over 1,000% since he decided to promote it
McAfee is still criticizing the U.S. government for bringing more charges against him for shilling dubious cryptocurrency projects. And one of those projects is DOGE.
Regardless, McAfee revealed that Dogecoin’s price has increased 1,000% since he picked it up. This also means, his DOGE tweets should not be included in the DoJ’s latest pump-and-dump charges.
In the same case McAfee, Tesla CEO, Elon Musk has also caught up with rumors of a potential investigation by the US Securities and Exchange Commission for allegedly having an impact on DOGE price movements at the end of 2020 and early 2021.
Following a series of DOGE-related tweets from Musk, Dogecoin’s price saw a parabolic spike in February, reaching an all-time high of around $ 0.08 on Feb. 8. This has seen a massive sell-off after Musk urged large owners to sell off their holdings.
In 2018, after the tweet “Coin of the week: DOGE”, the price of the cryptocurrency rose to $ 0.014, then dropped to $ 0.007 in two weeks.
Coin of the week: DOGE
— John McAfee (@officialmcafee) January 8, 2018
The coin did not retest the $ 0.014 price mark until Dogecoin started seeing significant gains in late 2020 following Musk’s tweets. In addition to DOGE, McAfee also promotes other cryptocurrencies such as Electroneum (ETN), Burst (BURST), Digibyte (DGB), Reddcoin (RDD), Humaniq (HMQ), Factom (FCT).
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