Yesterday it happened again with Elon Musk and his suggestive tweets on Twitter. The billionaire and CEO of Tesla tweeted twice about the famed meme-coin Dogecoin (DOGE). His tweets just didn’t have the desired effect. The price of dogecoin hardly rose.
Baby Doge
However, there was another coin that shot through the roof in response to Elon Musk’s tweets. It was a totally unknown coin that is obviously derived from dogecoin: Baby Doge Coin (BABYDOGE).
This coin was so small and unknown that even on the data website CoinMarketCap there was no page about this.
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge— Elon Musk (@elonmusk) July 1, 2021
His tweet shows how Elon clearly quotes Baby Doge. However, it seems unlikely that he actually meant Baby Doge Coin by this. Precisely because this coin was so unknown and small. The text in the tweet is a reference to a well-known American nursery rhyme.
Where dogecoin failed to achieve an explosive price increase, this was the case with Baby Doge Coin. This meme coin rose by at least 100% as a result of Elon’s tweet. Eventually, BABYDOGE’s price would peak at $0.000000001642. Nothing to write home about and despite this increase, the market capitalization of the coin is still almost negligible.
The team behind Baby Doge responded quickly to Elon’s tweet. They would be eager to partner with the billionaire.
I would cut off a limb to work with you Elon pic.twitter.com/zcQErQ7xoz
— Baby Doge Coin (@BabyDogeCoin) July 1, 2021
For the team of the small and unknown Baby Doge, Elon’s tweet will have been received as a miracle of God. The totally unknown coin is suddenly big in the news.
However, it remains to be seen whether this attention will continue. This is how it seemed after Elon’s tweets yesterday that his power over the prices of cryptocurrencies starts to decrease.
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