Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Dog Meme Coins Surge, Has Elon Musk Sparked a Battle Royale?

Published 10/18/2021, 04:10 AM
Updated 10/18/2021, 04:30 AM
Dog Meme Coins Surge, Has Elon Musk Sparked a Battle Royale?

Dog Meme Coins Surge, Has Elon Musk Sparked a Battle Royale?

  • Elon Musk tweets about meme coins.
  • The tweet got many meme coin enthusiasts excited.
  • The price of many meme coins went up along with the tweet.

The meme coin community saw a brief spike in the price of some of their favorite meme tokens earlier today. To name a few, Dogecoin (DOGE), Shiba Inu (SHIB), Baby Doge Coin (BABYDOGE), and BabyFloki (BABYFLOKI), all saw price hikes.

Specifically, the prices of these tokens went up exactly around the same time. Upon inspection, the cause takes us back to one very influential tech titan — Elon Musk. About 7 hours ago, right around the price spikes, Elon tweets a symbol claimed by many of the meme coin communities.

From this tweet, we can speculate that Elon Musk is once again hinting at the fact that he wants to see meme coins rocket to the moon. He followed up this tweet with another that said, “I’ve thought about and…I’m not sorry for party rocking”. This points to the probability that he knows exactly what he’s doing.

Remarkably the price of DOGE went from $0.235 to $0.243, according to CoinGecko. Likewise, BABYDOGE went from $0.000000001497 to $0.000000001554 and BABYFLOKI went from $0.00035842 to $0.00037228. Meanwhile, SHIB’s price shot from $0.00002532 to $0.00002872.

At the time of writing the prices seem to be staggering around these prices. Out of all four of the mentioned meme coins, it seems SHIB is showing the most bullish signals compared to the others.

Shiba Inu had a pretty exciting week prior, the asset went up over 217.7% during that time. It seems the token is gaining attention from all corners of the world. Recently, another tweet from a different prominent figure got the community very excited.

Of course, the original meme token — DOGE, may have some major announcements to make soon. Especially, considering its reestablishment plans. On the other hand, it seems BABYDOGE still has some dedicated fans, despite its childish tactics to thin out the competition.

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.