What Occurred: Axe, a number one males’s deodorant model, seems to be capitalizing on the impact that the extensively standard meme-based cryptocurrency Dogecoin (CRYPTO: DOGE) has had on the world.
The perfume firm teased a possible Dogecoin-inspired scent with a Tweet on Tuesday that drew in appreciation from the favored cryptocurrency’s broad fanbase.
— AXE (@AXE) July 13, 2021
Axe first introduced the thought on April 20 this yr – a day celebrated as “Doge day” by the Dogecoin neighborhood.
“If it will get to $1, we’ll make it occur,” stated the corporate in a tweet.
Dogecoin’s worth didn’t fairly pump the way in which many anticipated it could on Doge day and as a substitute fell by over 20% from $0.41 to $0.30.
In reality, though the cryptocurrency went on to rally to a excessive of $0.73 within the days main as much as the Tesla Inc (NASDAQ:TSLA) CEO Elon Musk’s appearance on SNL, it has since fallen in worth by over 70% to a worth of $0.19.
Nonetheless, although the cryptocurrency is presently nowhere close to a milestone $1 in worth, Axe’s newest tweet has bolstered the concept a Dogecoin deodorant could possibly be on the horizon.
— Shibetoshi Nakamoto (@BillyM2k) July 13, 2021
“It’s taking place,” stated Dogecoin creator Billy Markus on Twitter, after commenting that he would “wish to scent Doge.”
Of late, Markus has additionally been getting in on the Doge hype by promoting “Crappy Dogecoin Doodles” as NFTs on Rarible.
Value Motion: At press time, Dogecoin was buying and selling at $0.1972, shedding 1.33% over the previous 24-hours.
The meme-based cryptocurrency has misplaced over 16.88% of its worth over the previous seven days.