New Baby Doge Appreciates By 90% After Elon Musks Tweets

Elon Musk resumed tweeting about cryptocurrency after a brief stint away from Twitter. He reminded us about his humorous side with a new set of intriguing posts. Although his post contained “Doge” the price and value of the cryptocurrency did not rise. It seems though that the Billionaire had Dogecoin’s baby in mind while tweeting.

- Advertisement -

Aside from his influence on Bitcoin, Teslas CEO has shown support for Dogecoin for months. this has also propelled the Shiba Inu another meme-inspired cryptocurrency with an all-time high of 0.75 cents. Dogecoin is presently one of the largest digital assets in the crypto space. the market correction, and perhaps the declining interest towards that new craze, caused severe disruption for the value of Dogecoin.

Some desperate investors who followed Elon Musk blindly and other prominent names started begging the Billionaire to engage with Dogecoin on social media as his previous comments have resulted in immediate price increases. Tesla’s CEO kept a low profile for a while but he is back again with new posts. Although the word Doge was present in the series of tweets the meme coin did not respond.

Instead, another cryptocurrency Baby DogeCoin was the crypto that benefitted from the tweet. Baby Doge was described as a token that has learned a few tricks from his meme father Doge. The acclaimed world best community coin has seen the light of the day because of fans and members of Dogecoin. Doge has also inspired many other copycats.

The price of Baby Doge spiked by almost 90% after the second tweet by Elon Musk and at the time of gathering this report, it is currently at 0.0001943, which is a weekly increase of 700%. Furthermore, Baby Doge is 5% away from breaking an all-time high that was marked on June 24th.

Previous Articles:

- Advertisement -

Latest

Bitcoin Drops 10% From Highs Amid Quantum Computing Warnings

Bitcoin dropped nearly 10% from its record high, falling close to $103,000 after reaching $112,000 last week. BlackRock warned that advances in quantum computing could...

Czech Justice Minister Resigns Over $45M Bitcoin Donation Scandal

Czech Justice Minister Pavel Blazek resigned after controversy over accepting and selling Bitcoin from a convicted criminal.The Justice Ministry auctioned nearly 500 Bitcoin, raising...

Uniswap (UNI) Rebounds Above $6 After Brief Uptrend Breakdown

Uniswap's UNI token dropped below its key uptrend line following a failed hold above the $6.00 support level.High trading volumes accompanied the decline, including...

Michael Saylor Invites Joe Rogan to Discuss Bitcoin on Podcast

Michael Saylor has shown interest in discussing Bitcoin on The Joe Rogan Experience podcast.The idea has generated excitement in the Bitcoin community, with some...

Congress Debates Stablecoin Bill Amid Rising Bank and Crypto Tensions

U.S. lawmakers are moving forward with the Senate Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, with debates set to resume after...

Must Read

Top 10 Best Crypto Advertising Networks

So, you are interested in promoting your crypto-related product or service but you don’t know how to go about it. Today we are going...