Andrew Tate is getting ready for his boxing debut tomorrow, December 20, and his cryptocurrency, Daddy Tate (DADDY), is also not pulling any punches.
Namely, the meme coin, known for its sensitivity to the controversial influencer’s activities, has gone up nearly 9% on the weekly chart, trading at 0.0166$ at the time of writing.
Daily trading volumes are likewise climbing, sitting at ~$759,000, almost 5% in the green over the past 24 hours, likely due to hype surrounding the Misfits boxing match.
DADDY weekly price chart. Source: CoinMarketCapDaddy Tate crypto outperforms the market
DADDY’s ongoing surge has allowed the token to significantly outperform the market, which is only now starting to see modest gains, rising 0.4% on the day.
For further comparison, Bitcoin (BTC) is still down 4.7% on the week, while Ethereum (ETH) and XPR are experiencing an 8% slump.
Adding to the hype, the influencer once again endorsed crypto in a post on X earlier today, claiming he can sell real estate “in a few days maximum for crypto” with no taxes to worry about.
Market excitement is also evident on crypto-focused prediction platforms. For instance, betters on Polymarket now give Tate 82% chance of winning, as do their peers on Kalshi.
Should Tate emerge victorious, his followers might witness a DADDY rally amid all the excitement, while Chase DeMoor’s victory could reverse this week’s gain.
However, given the asset’s meme status, either outcome could have unpredictable results.
Featured image via Shutterstock
Source: https://finbold.com/andrew-tates-crypto-spikes-10-ahead-of-misfits-boxing-match/
