Big jump in the price of Dogecoin after this tweet by Elon Musk

Dogecoin and Elon Musk, these two names are often seen together. Tesla and SpaceX owner Elon Musk’s support for the Dogecoin meme cryptocurrency is no secret. Musk has been a supporter of Dodgecoin since its inception and his statements often influence the price of this coin. Once again Elon Musk tweeted about DOGE, which has a big impact on the price of Dogecoin.

Elon Musk said in a tweet that his son likes Shiba Inu dogs very much. Here you should not take the meaning of Shiba Inu coin by it. In fact, DodgeCoin is a meme cryptocurrency based on the Shiba Inu dog breed, and the Shiba Inu mentioned in this tweet by Elon Musk is related to the Shiba Inu dog seen in the Dodgecoin logo. The effect of this tweet by Musk was directly visible on the price of Dodgecoin and there was a big jump in the price of the coin.

Dodgecoin’s price jumped 4% immediately after this tweet bearing the name of Shiba Inu. In the tweet, Musk wrote, “Loves X AE A-XII Doges so much”. Here by Doges he means Dogecoin. The tweet mentions a video in which his son is playing with several Shiba Inu dogs. Even before this, many big jumps in the price of Dodgecoin have been seen after Elon Musk’s tweet.

Earlier, Musk had promised to post a photo of Floki Inu on Twitter. Floki Inu is the name of Elon Musk’s Shiba Inu dog. The Floki Inu Mim Coin has also been created on the same lines. After Musk’s tweet, the price of Floki Inu saw a tremendous jump and it went up by 16% in an instant. Talking about the price of Dogecoin, today it has opened with a loss. Dodgecoin started Tuesday’s trade with a 5% drop. At the time of writing this, the price of Dodgecoin on the Indian crypto exchange Coinswitch Kubbra was at Rs 5.27.

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