The strange rise in celebrity interest (2/5)

When you think of ‘person who would buy pixelated art to use as their twitter display picture’  you might not think of celebrities like Snoop Dogg, and Jay-Z. Yet the influence of NFT’s and cryptopunks has permeated across the hip-hop subculture.

And outside of the hip-hop community, interest in cryptocurrency tweets are just as strong. Elon Musk has frequently been one of the biggest proponents of Dogecoin. Leading up to an episode of Saturday Night Live that Elon Musk guest starred in, the price of Dogecoin saw a parabolic rise.

What made the price fall? Well, while the episode was aired, investors cashed in. Buy the rumor, sell the news as they say. The last time we saw such high interest of celebrities in crypto was during the ICO bubble of 2017 right before the long crypto winter.

It’s undeniable that these influencers must be getting paid a LOT of money to promote these NFT’s and cryptocurrency.

Written by Writers Room


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