MEDIA WINNER: Grumpy Cat
“Grumpy Cat” emerged as a top force in cryptocurrency on Wednesday after a coin dedicated to her saw its price surge by more than 1000 percent in one day. Total investment in the “Grumpy Cat” coin jumped to more than $50 million as of late Wednesday afternoon after sitting at less than $5 million earlier in the week. Social media users ecstatic over the meteoric rise shared pictures that included the cat going to Mars with SpaceX CEO Elon Musk and refusing to buy its most prominent rival, Dogecoin, which Musk has routinely promoted in recent months.
Dogecoin saw its value jump by more than 30 times over the last year, from about $200 million to more than $7.5 billion this week, bolstered by glowing reviews from Musk and Dallas Mavericks owner Mark Cuban, whose basketball team began accepting it as part of its business.
Organizers associated with the Grumpy Cat currency said some proceeds from the price surge would go to animal aid groups, including $80,000 for the Sterling Animal Shelter in Massachusetts.
This may sound like an internet own more than a win, but these are millions and potentially billions at stake in the crypo market, and with mainstream press following the story on regular news, since the GameStop debacle, it's hitting the public's consciousness like never before. Meme faces or not. |