Shiba Inu (SHIB) Rises 17% After Elon Musk Canine Tweet

Elon Musk has a brand new canine. It’s a Shiba Inu, the identical breed because the mascot for Dogecoin.

Musk may be very wealthy and well-known as a result of he makes vehicles and house rockets and tells humorous jokes on Twitter, typically about dog-themed cryptocurrencies. Which means if Musk a lot as exhales within the route of a cryptocurrency about canines, the marketplace for canine cash will wrap round his very breath.

His tweet about his new canine is the newest factor to maneuver markets. The value of Shiba Inu coin rose 17%, from $0.000006771 to $0.000007935, after Musk tweeted about his new canine on Friday. The value of Dogecoin did not budge.

Musk has named his new canine Floki. Floki can be the identify of a personality from the TV present Vikings.

Individuals created plenty of Floki cryptocurrencies after Musk shared the identify of his new canine. There are actually dozens of them on Poocoin, an internet site that tracks the costs of various shitcoins.

Crypto publication Benzinga picked up the story. It reported that one Floki cryptocurrency elevated by 3,500%. We enterprise that every one of those cash have elevated infinitely since they’re backed by nothing however a person and his canine.


The views and opinions expressed by the writer are for informational functions solely and don’t represent monetary, funding, or different recommendation.

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