Only In Crypto: Picture Of Elon Musk’s Pet Shiba Inu Sends Dog-Themed Coins Surging 1,000%

HeadlinesNewsOnly In Crypto: Picture Of Elon Musk’s Pet Shiba Inu Sends Dog-Themed Coins Surging 1,000%

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Only In Crypto: Picture Of Elon Musk’s Pet Shiba Inu Sends Dog-Themed Coins Surging 1,000%

Bitcoinist.com13 days ago
Published on September 13, 2021 23:00 GMT+00:00edited on September 14, 2021 16:43 GMT+00:00

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Elon Musk is no stranger to his tweets pushing dog-themed coins to surge. Coins modeled after the OG dog-themed coin Dogecoin has flooded the market this year. Some doing well enough, others doing not so well. Amid this, the community has always looked to “Dogefather” Elon Musk when it comes to investing in these tokens. While Musk’s tweets have mostly impacted the top meme coin, Dogecoin, others have done just as well off of the billionaire’s tweets.

Dog-themed coin Shiba Inu was named after the famous Dogecoin dog. Relatively unknown at the time of creation, Musk’s tweets about getting a Shiba Inu dog breed had sent the price of the altcoin skyrocketing. Growing as much as 1,500% in a single day. Now, other dog-themed coins are following the same trend.

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