Dogecoin Spikes following Social Media Hype and English Premier League

The meme-based crypto asset Dogecoin gained a lot of much needed attention over the last 24 hours. The hashtag DogeCoinTo1Dollar is trending on social media like Facebook, Twitter and TikTok concurrently. Google Trends for Dogecoin has also gone up significantly over the weekend, and the price also received a significant push.

Specifically, the meme coin gained 15% following the announcement of its partnership with British Football Club, Watford. According to the partnership, the club’s players will be wearing jerseys with the Dogecoin logo for 2021/2022 English Premier Football League.

Watford Football Club players will wear #dogecoin logos on their sleeves for the 2021/22 season pic.twitter.com/H6jV83aCxo

— UberFacts (@UberFacts) August 15, 2021

The partnership is facilitated by Stake, a global crypto gaming platform. Watford Football Club announced in July a partnership with Stake, stating that starting the 2021/2022 football season, Stake will become its club’s primary jersey sponsors.

The multi-year partnership will include a $10 million Dogecoin giveaway and other crypto themed initiatives by Stake. This will be an opportunity to get Watford and Dogecoin fans some free coins particularly for those who do not know about the asset.

Amazing results for Dogecoin

At the time of writing, Dogecoin gained over 38% in the last 7 days. Doge is currently the 7th largest digital currency by market cap and one of the best performing in the last week according to CoinMarketCap. Dogecoin is trading for around 34 cents and is up almost 15%.

The partnership with Stake to have Watford players wear Dogecoin themed jerseys in the next season could be a major boost for the coin to rise higher in the future.

Watford is currently one of the most popular English premier league clubs with over 2 million fans worldwide. The club also has almost 800,000 followers on Twitter alone, most of which have promoted Dogecoin and have been exposed to the meme coin.

The cryptocurrency has this year been rated among the top gainers and such developments coming its way open doors to unlimited potentials, but will it outperform the other assets ahead of it?