Dogecoin Gets Free Publicity As Coinbase Sponsors Mr. Beast Video: Why This Bull Is Charged – Converted Organics (COIN)
Videos posted on YouTube by Mr the beast usually trending for days and gaining millions of views and reactions. This influence is not lost on Global Coinbase (NASDAQ: COIN), which sponsored a recent Mr. Beast video and started a promotion.
What happened: A video titled “Last to Leave Circle Wins $ 500,000” posted by Mr. Beast is accompanied by a promotion sponsored by Coinbase.
As part of the sponsorship, Mr. Beast explained how to create a Coinbase account and mentioned some of the cryptocurrencies you can buy on the trading platform.
Coinbase is offering $ 10 in free Bitcoin to anyone who signs up for the Mr. Beast promotion.
Related Link: How Dogecoin Could Reach $ 1 According to Matt Wallace
Why this is important: Best Dogecoin YouTube Account Last Stand of Matt Wallace stressed the importance of Coinbase using a social media influencer and how it can help the price of Dogecoin (CRYPTO: DOGE).
“The reason we should be extremely excited is one of the special things about the video,†Wallace said.
Mr. Beast made a sponsorship with Coinbase in the video and mentioned three cryptocurrencies offered by the crypto platform, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin.
“He didn’t mention everyone else in the top ten,†the Dogecoin-centric YouTuber noted.
Wallace said it was cool to see Coinbase contacting Mr. Beast and getting more people interested in the cryptocurrency space. The Mr. Beast video had six million views in six hours at the time of the Wallace video. With 67.7 million subscribers, Mr. Beast is one of the biggest accounts on YouTube.
The video currently has 17.0 million views and is the # 1 trending video on Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube.
Wallace said Coinbase could reach more influencers. “Coinbase is going to include Dogecoin in these videos,†Wallace predicted based on Mr. Beast’s mention of the three most popular cryptocurrencies.
Coinbase reported second-quarter revenue of $ 2.03 billion and transaction volume of $ 462 billion – its first quarter with Dogecoin on the platform.
Price action: Dogecoin is trading 7.7% higher at $ 0.30 at time of publication.
Photo: by Furtherfield Gallery on Flickr