SHIB Raze Up 17% after Elon Musk’s Tweet

After the tweet of billionaire Elon Musk about the appearance of a new Shiba Inu dog in the family, the price of the Shiba Inu coin increased by 17%. Well, this practically did not affect the Dogecoin course.

Elon Musk has long been known for his influence on the cryptocurrency market. His latest tweet about the arrival of a new dog named Floki was no exception. The price of the Shiba Inu coin then increased by 17%, from $0.000006771 to $0.000007935. But the price of Dogecoin has not changed much.

Musk may have named his new dog, Floki, after a character on the TV show Vikings, called by Wiki fans an “incorrigible deceiver.”

And some people decided to go up and created many Floki cryptocurrencies. Dozens of new coins have emerged, according to Poocoin who tracks the prices for various shitcoins.

Crypto publication Benzinga reported that one of such cryptocurrencies, Floki, rose 3500%.

Earlier, Elon Musk crashed Bitcoin with his tweet. He posted a heartbreak emoji next to the Bitcoin hashtag. After that, the world’s first cryptocurrency fell to $36,000.

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