Dogecoin’s next patron is none other than soul legend Dionne Warwick, who will perform at Dogepalooza, a festival that will celebrate all things DOGE.
In accordance with its website, Dogepalooza, which will take place in “multiple cities and countries around the world,” will begin on October 9 in Sugar Land, Texas, and will run through October 14.
According to the organisers, in addition to increasing mainstream adoption of the coin, the festival will “help change the world by embracing and living the Doge motto of: ‘Do Only Good Everyday’,” which will include live music, educational venues for learning about Dogecoin, as well as food and drink, among other things.
Dogecoin (abbreviated DOGE) is a cryptocurrency that was founded as a joke in 2013. However, it has grown far more serious in recent months as Elon Musk, the CEO of electric vehicle manufacturer Tesla and one of the world’s richest men, has inflated the price of the cryptocurrency on Twitter with frequently amusing comments.
With a market capitalization of approximately $36 billion, the coin, which is based on a Shiba Inu dog meme, is currently the ninth most valuable cryptocurrency. That’s more than a number of corporations on the S&P 500 combined.
Many people who want to get rich quick or who want to take a break from the sometimes too serious world of cryptocurrency have taken to using Dogecoin as a form of amusement.
The meme coin (also known as “fun” cryptocurrencies because they are based on Internet memes, current events, online communities, and influencers) was trading at $0.27 today, representing a 36.7 percent increase in the previous week.
Furthermore, it appears as though Warwick, who rose to fame with singles like “I Say a Little Prayer” and “Heartbreaker,” is a supporter of cryptocurrency. She had already tweeted about DOGE and referred to the upcoming festival as “meaningful,” among other things.
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— Dionne Warwick (@dionnewarwick) June 28, 2021According to the website, Dogepalooza aims to “spread the adoption, mainstream use, and acceptance of Dogecoin with businesses, organisations, and charities of all sizes,” as well as “spread the adoption, mainstream use, and acceptance of Dogecoin with individuals.” The names of the other headliners have not yet been revealed.
General admission tickets are $125, VIP tickets are $300, and children’s tickets are $50. (aged 4-12). Shiba Inu dogs will, most likely, be allowed to enter for free.
