Dogecoin Rising: Premier League Gives World’s Favorite Memecoin Big Promo Push
A team from the biggest soccer league in the world has put the Dogecoin (DOGE) logo on their jerseys for the 2021/2022 season.
Watford Football Club (FC) of the English Premier League will feature DOGE on their sleeves as part of a sponsorship deal with gambling website Stake.com, according to a report from The Athletic.
According to the report, the sponsorship deal is worth just shy of $1 million, and won’t be the team’s first crypto-related partnership. In 2019, Watford began sporting a Bitcoin logo on their sleeves as part of a partnership with Sportsbet.io.
Dogecoin, which started as a joke in 2013, had a breakout year in 2021 with the help of celebrity endorsements and the power of memes. It is up 9,188% in the last year and is now the seventh biggest crypto asset in the world by market cap.
At time of writing, DOGE is trading at $.31, up 27% in the past seven days.
The English Premier League is the most lucrative soccer league in the world, bringing in at least $1.38 billion in revenue per year.
Other big soccer leagues in Europe, like the Champions League, are also taking advantage of the hype surrounding cryptocurrencies. The highly decorated club Paris Saint-Germain (PSG) recently signed soccer legend Lionel Messi in a deal that includes the ownership of PSG fan tokens.
With the excitement of Messi joining the club, PSG’s token went soaring over 100%, reaching a high of $58.04 after hitting $22 just days earlier.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Sergey Nivens
The post Dogecoin Rising: Premier League Gives World’s Favorite Memecoin Big Promo Push appeared first on The Daily Hodl.
Go to Source
Author: Daily Hodl Staff
