The conversation between the popular meme coin Dogecoin (DOGE) and Tesla CEO Elon Musk is no secret. However, the Tesla CEO influences not only DOGE, but all of his Shiba Inu dog-themed coins. Finally, the meme coin price went up after the BabyDoge community responded to Elon Musk’s tweet.
Tesla CEO Elon Musk is at it again!
Dogecoin (DOGE) patron Elon Musk continues to influence the crypto market with his shares. Although the shares may not pump as much as in the bull market, they are not bad for the bear market. However, this time the original meme coin did not affect DOGE, but its offspring.
Elon Musk shared on Twitter, “I will not disappoint you at any cost”. The message, which is unclear to whom it is addressed here, must have been taken over by the BabyDoge team and replied. Following Musk’s post, BabyDoge’s official account expressed the community’s gratitude to Tesla CEO Elon Musk, in response to this tweet.
BabyDoge price action
Crypto analyst Tomiwabold Olajide explains the movements in BabyDoge price behind Elon Musk’s share as follows. The altcoin rallied shortly after the tweet exchange, as reflected by three consecutive candles following a massive 4-hour green candle. The meme coin has seen a sharp recovery from the lows of $0.0000000113 on Wednesday, October 19th to the highs of $0.000000000124 in a matter of hours. At press time, BabyDoge was at $0.000000001181, up nearly 2% against the backdrop of other crypto assets traded in the red.
cryptocoin.comAs you follow, there is a historical relationship between BabyDoge and Elon Musk. This relationship goes back to July last year, when the Tesla CEO changed the lyrics to Pinkfong’s song ‘Baby Shark’ and tweeted his version. Last July, the song ‘Baby Doge’ boosted the popularity of the meme coin. So this caused the price to skyrocket.
Could Elon Musk be talking about the Twitter deal?
The content of Elon Musk’s tweet remains unclear. However, many assume he is referring to the Twitter deal. This assumption is based on some developments that are expected to take place in the coming days. As you know, Tesla CEO’s attempt to buy Twitter has been delayed due to some problems. As Reuters reported, Musk said on Wednesday that he was excited about the acquisition of Twitter, even as he and other investors overpaid for the social media company. Until October 28, next Friday, Elon Musk will either have Twitter or be put on trial if he isn’t.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.