Tesla’s and SpaceX billionaire maybe wanted to talk about his favorite cryptocurrency, but the market understood something else, after the tweet about Baby Doge.
Elon Musk went back to talking about his favorite cryptocurrency, Dogecoin, even singing a “little children’s song” he invented and called “ Baby Doge ”.
Elon Musk’s history with Dogecoin has already led many investors to believe in the currency that was even forgotten before the arrival of the CEO of Tesla and SpaceX.
But after the arrival of Musk, who took over as CEO of the cryptocurrency meme, it has appreciated 10,000% in the past 12 months. This phenomenon of the billionaire, who is the third richest in the world, ends up being taken to other projects on the market.
Elon Musk Publishes Song About “Baby Doge” And Unknown Cryptocurrency Soars 230%
As has been common in recent months, Elon Musk returned to using his “weapon” to talk about a cryptocurrency. With many in the market waiting for these messages to go shopping, sometimes even subliminal, another currency ended up shooting in the last 24 hours.
It all started with Elon Musk singing a song he called Baby Doge, about the famous “ Baby Shark ”, being the most-watched video on YouTube worldwide today.
It was enough for Musk to vent his invented children’s music that the crypto market went shopping this Thursday morning 1st July. Dubbed the Baby DogeCoin (BABYDOGE), and listed only on the decentralized broker PancakeSwap, the cryptocurrency brutally appreciated in just a few minutes.
In the last 24 hours, Baby Doge’s rise was 230% in the market, according to a chart consulted by Livecoins. The volume of negotiations in the period was US$66 million.
In addition to the rise in cryptocurrency, the term “Baby Doge” ended up on Twitter’s Trending Topics in the United States, according to the cryptocurrency page identified.
Elon Musk has not been able to impact large cryptocurrencies
It is worth noting that Elon Musk was accused of impacting the cryptocurrency market in recent months. Valuing both Dogecoin and Bitcoin.
Tesla’s CEO was once the biggest supporter of cryptocurrencies among the richest in the world.
However, after being accused of manipulating the cryptocurrency market, with talks on his Twitter, investors in big projects no longer bother with what Musk says.
In June, the hacker group Anonymous ended up threatening Elon for his talks about Bitcoin, with Tesla’s CEO lowering his frequency of postings about the currency then.
Even so, memes and worthless cryptocurrencies like the shitcoin Baby DogeCoin still feel the effects of Musk in their market, even if unwittingly.
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