A new dog coin has hit the market. Though the bulk of cryptocurrency skepticism stems from its decentralized nature, some of the biggest investors in the space are backing the new Tiger King coin, DOGE, which is known for its dedication to privacy. According to BitMex, who tracks markets, DOGE has surged from $0.0005 to $0.0007 in just the last 24 hours, and has seen its market cap soar over $100 million.
Doges, both in the form of coins and in the form of shares, have been making the rounds recently, and the DOGE investor who bought 100,000 shares of Tiger King Coin is a perfect example of why. That investor, David Dabah, isn’t shy about his interest in crypto. He is a serial Twitter investor, and has been since the beginning of the year.
Cryptocurrency is a novel and revolutionary way for people to send money from one place to another in seconds, without any intermediaries. One of the most successful and rising cryptocurrencies on the market is DOGE, which has soared from $0.0015 in January 2017 to $0.0008 in January 2018.Summary of the situation
– Netflix’s Joe Exot will back the Tiger King crypto-currency.
– This cryptocurrency is similar to scalable tokens like Dogecoin.
Tiger King fans can now invest in crypto-currencies. This 2020 miniseries on Netflix inspired the cryptocurrency, and the price rose nearly 1,000%.
What is a Tiger King coin?
Tiger King is a cryptocurrency and Ethereum blockchain meme token launched in May 2021, based on the Tiger King series on Netflix. The crypto-currency has reportedly received support from Joe Exotic, the real-life zookeeper from the popular Netflix series.
Joseph Maldonado-Passage, whose real name is Joe Exotic, served 22 years in prison for attempted murder. According to some investigations, Joseph contacted someone to kill Carol Baskin, who was an animal rights activist.
Exotica would have a certain percentage of Tiger King’s total stock. The idea of raising the price of the Tiger King coin is to help him pay his medical and legal debts. As stated on the crypto-currency’s official website, each purchase will increase the value of Joe Exotic assets.
The crypto-currency was launched just weeks after Karol Baskin announced $CAT.
Why has the price of the Tiger King token increased by 1,000?
According to CoinMarketCap, Tiger King is trading at $0.000009636, up 55% in 24 hours. The crypto-currency peaked at $0.00001037 today, but the price has fallen slightly.
The token made an offer to the public from Matt Wallace, a well-known Youtuber who has the second largest stake in the Tiger King game.
Suzanne Streeter, investment analyst at Hargreaves Lansdown, believes Tiger King cryptocurrency traders should benefit from this growth. Streeter suggested that social media influencers create this momentum in the price of chips.
I have a feeling $Tking (Tiger King coin) is going to go crazy when the second season of Tiger King comes out. I’ll buy it soon.
– Matt Wallace ⚠️ (@MattWallace888) July 4, 2021
However, in this decentralized industry, investors should be aware of an impending downturn. This explains the ups and downs of Joe Exotic’s popularity. The senior analyst also said that many chips are having a great time thanks to social media. But the Joe Exotic token will likely shine among crypto-currencies.
Exotic cryptocurrencies are up against big players like Dogecoin, which is backed by Tesla CEO Elon Musk. Doge has been rising over the past week and is trading at $0.23532 today, up 2.99% over the past 24 hours. Musk is also backing token exchanges where he will try to lower the transaction costs of cryptocurrencies by a factor of 100.
Bitcoin is trading above $34,000 with a slight increase of 2.03% in less than 24 hours. Cryptocurrencies experienced another week of low volatile price action in the market. The exotic token could experience a price bubble like the Shiba Inu did a few weeks ago.
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