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Elon Musk sends meme coins soaring with cryptic tweet

By Daniela Ešnerová

13:13, 18 October 2021

Dogecoin
Dogecoin – Photo: Shutterstock

As the price of the biggest cryptocurrency bitcoin attacks its all time high – this time without any help from Elon Musk – the entrepreneur and crypto enthisuast has proven once again that he still has great influence over the crypto market. 

Shiba Inu coin soared 21% after Tesla's founder tweeted a picture of a Shiba Inu dog holding a rocket, which has been interpreted as a reference to the token going ‘to the moon’.

Shiba Inu, which had been adding some handsome gains in the previous days, is now trading at $0.00002735.

ETH/USD

3,778.03 Price
+0.700% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

UNI/USD

10.95 Price
+4.000% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.08964

DOGE/USD

0.16 Price
-1.170% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

BTC/USD

68,561.10 Price
+1.600% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

Continued support

Shiba Inu coin, which was launched in August 2020 by mysterious founder “Ryoshi” as a spin-off from Dogecoin, is now up 6.88% in-day at time of writing, according to CoinMarketCap.com. Dogecoin (DOGE) was also up 6.94% following the billionare’s tweet.

Today was not the first time the pet-inspired token has benefitted from the billionaire's support. Earlier this month, Shiba skyrocketed 67% after Musk posted a picture of his own Shiba Inu, Floki, on Twitter. 

Read more: Dogecoin price prediction for 2021: should you jump on the crypto bandwagon?

 

Markets in this article

DOGE/USD
DogeCoin / USD
0.1646057 USD
-0.0019232 -1.170%
SHIB/USD
Shiba Inu / USD
0.00002726 USD
-0.00000102 -3.710%

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