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      Dogecoin: Snack Brands Favorite Coin - Stocks Telegraph

      By Muskan

      Published on

      April 21, 2021

      9:35 AM UTC

      Dogecoin: Snack Brands Favorite Coin - Stocks Telegraph

      Dogecoin (DOGE) the meme-based coin started off as a joke between two engineers but the crypto is no longer any joke. Dogecoin has been one of the best performing cryptocurrencies in the bull run as it climbed up to establish a record high. One of the most vocal support of DOGE is Elon Musk – the tech billionaire and CEO of Tesla. Musk often sends the coin up soaring with his tweets but Musk is not the only one who supports Dogecoin.

      DOGE has become a brands’ favorite. The US-based meat snack company Slim Jim has started actively promoting Dogecoin. The brand often tweets memes featuring DOGE and meat snacks going up to the moon. It may have become a new marketing technique as the brand increased its following on Twitter five-folds by supporting Dogecoin. Slim Jim has also launched an NFT up for sale which features DOGE represented by Shiba Inu to the moon. The brand has said to donate 100% of the proceedings from the NFT to charity along with an additional $10,000.

      Milkyway and Snickers by Mars confectionary company have also been vocal supporters of Dogecoin on their social media. The brands have been actively advocating and supporting cryptocurrency with various memes.

      The active support from snack brands of Dogecoin has also faced lashback as some people regard Dogecoin to have no intrinsic value. After establishing an all-time high at $0.43, DOGE has fallen more than 20% in the past 24 hours. Are the glory days of the coin over?

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