Rapper Snoop Dogg and Kiss’ Gene Simmons have been both expressing their support for the #dogearmy over the weekend alongside Tesla CEO Elon Musk. As a result, the cryptocurrency's price has rallied once again by 35% on Feb. 7. #DOGE is the native cryptocurrency of #dogecoin .
Following the Gamestop and Robinhood saga, many traders rushed into the cryptocurrency market. DOGE was the first cryptocurrency that saw retail fear of missing out (FOMO), especially among the r/Wallstreetbets community members.
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