Following the CoinMarketCap listing, small-volume meme coin projects can reach profit rates of 1,000%. Among the latest examples, FirstDog (FSD), Shiba Inu (SHIB) and Dogecoin (DOGE) broke the silence with profits of over 5,000%. While it quickly lost more than half its value afterward, the hype around FirstDog is based on a rather interesting Elon Musk tweet.
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FirstDog (FSD) breaks DOGE silence
FirstDog (FSD) fell 1/5 to $0.00000002933 after scaling its 24-hour gains above 5,000%. The meme token project has gained more than 350% against Bitcoin and Ethereum. For comparison, Dogecoin is up more than 2% in the last 24 hours and is trading at $0.1659 at the time of writing. Shiba Inu, who describes himself as the “Dogecoin killer”, is down 2% in the 24-hour period at $0.0000305.
Elon Musk tweets “FSD” instead of “Dogecoin”
FirstDog says it’s developing a trading card social gaming platform where players can battle each other with playable NFTs and secondary NFT consumables. The meme token noted on Twitter that it is among the top earners at CoinMarketCap and Tesla Inc. The advertising campaigns for the project are based on the acronym “FSD” for FirstDog, in a tweet by Elon Musk about Tesla’s “Full Self-Driving (FSD)”.
As for FSD’s price action during the day, the meme token gradually rose 5,000% today and registered an ATH of $0.00000002672. FirstDog has a market capitalization of $26 million. With its almost unlimited supply, FSD ranks 3931th by market capitalization. The Twitter account of the project has 7.3 thousand followers and the Telegram channel has 2.2 thousand followers.
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