Its market cap was also zero as of the time of publication. Nevertheless, the memecoin's value remained too low for even CoinMarketCap to calculate.
Baby Doge Coin's price is too low to calculateīaby Doge Coin was worth around $0.00000001 before Musk's tweet but surged by more than 35% later. While Dogecoin logged brief upside pumps, one of its copycat memecoins, Baby Doge Coin (BABYDOGE), climbed sharply after Musk's 9:24 am UTC tweet. JBVbFx3oFD- NFTeddy JBaby Doge booms, meanwhile Altcoins such as Dogecoin typically trade in sync with Bitcoin. The pair is now worth half of its value two months ago, primarily due to a significant crypto market correction that saw almost all the top-cap assets - including Bitcoin ( BTC), Ether ( ETH) and XRP - crash by more than 50% as well. Įarlier this year, the Tesla CEO's whole-hearted endorsement of Dogecoin caused massive retail-led price spikes, so much so that the cryptocurrency's market cap peaked at almost $100 billion in early May.Įven Elon tweeting about Doge doesn't work anymore- Joe Weisenthal July 1, 2021Īt the time, the DOGE/USD exchange rate surged to its record high of $0.76. Nevertheless, Dogecoin was still down by almost 0.5% around 12:00 pm UTC, hinting that Musk's influence on the cryptocurrency market is in decline. In the next couple of hours, DOGE/USD attempted to reclaim the intraday high of $0.261 on the Musk factor, but profit-takers kept offsetting their upside bias, as shown via the large minute-candle bullish wicks in the chart above.
Just then, at 9:24 am UTC, Musk tweeted another gibbering message that read "Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge."ĭOGE/USD rose 5.22% to $0.260 after the second tweet. A sell-off followed suit, which took the pair as low as $0.247. Seconds after the tweet was posted, the DOGE/USD exchange rate surged from $0.24 to $0.261 - about 8.42%. Release the Doge! /9bXCWQLIhu- Elon Musk July 1, 2021 Meanwhile, Musk captioned the tweet "Release the Doge!"
Dogecoin skyrocket code#
The billionaire entrepreneur published a tweet at around 8:43 am UTC - a Godfather-themed meme that shows Marlon Brando's iconic character, Don Vito Corleone, with the text "YOU COME TO ME AT RUNTIME TO TELL ME THE CODE YOU ARE RUNNING DOES NOT COMPILE." Whether this growth is sustainable remains to be seen.Dogecoin ( DOGE) prices surged but did not skyrocket after receiving another endorsement from Tesla CEO Elon Musk on Twitter on July 1. In fact, The coin went up by 35% in value right after becoming available, according to Mint. SHIB was already on a rally after it became available for trading on Coinbase in mid-September. The latest rally comes shortly after a tweet from Elon Musk.įloki Frunkpuppy /xAr8T0Jfdf Shiba Inu is now the 33rd largest cryptocurrency in the world. Unlike Bitcoin, which is scarce by design, SHIB is intentionally abundant with a market cap of $7.8-billion. Everyone loves them and with reason! Memes reach to people, connects with them, and put smiles in their faces While we certainly started as a meme token, but we are moving far beyond that! More great news! We have a new exchange for the #SHIBARMY. It was created anonymously by a person or entity known as "Ryoshi" in August of 2020. Long story short, Shiba Inu is an Ethereum-based alternative to Dogecoin (DOGE). According to Coinbase, "The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap." The price of SHIBA INU has risen by 182.64% in the past 7 days.īut it's just a meme, right? Well, remember what happened with DOGE? SHIB is like DOGE but it has fundamental value. Shiba Inu ( CRYPTO:SHIB) has increased in value by around 50% in the past 24 hours.
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