Cryptocurrencies have achieved immense popularity over the past few years. The early development and support of cryptocurrencies are one of the biggest reasons for this. Several celebrities have extended their support to promote cryptocurrencies even at their early stage. Some celebrities have also been blown away by the boost of cryptocurrencies and NFTs, which led to the endorsement of digital assets.
Some other innovations of blockchain technology like decentralized finance (DeFi) have also gained the attention of celebrities like Mark Cuban and Elon Musk. Common people will have huge trust in celebrities. The price of cryptocurrencies may also rise or fall according to the posts of these celebrities. Here are the top 5 celebrity crypto endorsements.
- Gwyneth Paltrow
Gwyneth Paltrow became Bitcoin’s face in 2017. She also served as an advisor of bitcoin on her Twitter handle by offering more details about bitcoin and the ways to invest in it.
- Snoop Dogg
Snoop Dogg is a pioneer businessman and hip-hop artist who believed in bitcoin, blockchain technology, and the international connection created by them. He has stated that even though he does not care much about bitcoin’s value, he knows that bitcoin will stay in this world longer. The Snoop Dogg coins are the NFT collection he owns.
- Elon Musk
Elon Musk is the CEO and founder of Tesla, which is one of the big supporters of cryptocurrencies, particularly Dogecoin and Bitcoin. He is also one of the strong influencers in this market. He has about 52.2 million followers on his Twitter handle. Recently, Musk’s Tesla sold 10% of its total BTC holdings, making a profit of $101 million. He said that this act was just to prove that Bitcoin liquidity is better than holding cash on several balance sheets.
- Logan Paul
Logan Paul is one of the controversial influencers, content creators, and YouTubers. He became more popular with the NFT hype. He used to sell tokens as digital Pokemon cards, the auction of which happened Bondly, an NFT market based on Polkadot, partnered with Paul. Some reports even state that Paul has sold NFTs worth$5 million in February 2021.
- Gene Simmons
Gene Simmons is the frontman and bassist of KISS, a well-known rock band. He was a great fan of Cardano. He extended his support for the coin on his Twitter, making ADA tokens affordable to all. However, Simmons warned his followers to not make investments by the influence of any celebrity endorsements. He also supported Dogecoin and considered him the “God of Dogecoin”.
- Mark Cuban
Mark Cuban is the owner of the popular NBA team Dallas Mavericks along with being a billionaire investor/entrepreneur, and a TV actor. He is also a controversial person in the crypto market. He recently started concentrating on cryptocurrencies, giving his full support to Dogecoin. He also started accepting Dogecoins for merch and tickets at the Dallas Mavericks headquarters. One of the CNBC reports suggests that Cuban has BTC holdings in the popular crypto exchange, Coinbase.