Elon musk on shiba inu
He has already featured various crypto brands such as Bitcoin and Dogecoin. However, he recently tweeted about a Shiba Inu, which can be related to another cryptocurrency called the Shiba Inu Coin. How will his association with the new cryptocurrency affect his relationship with Dogecoin? My Shiba Inu will be named Floki. Nobody knows whether it is a sign that he will give Shiba Inu Coin a shot, or if he is just really planning to get a Shiba Inu dog. Musk has already tweeted about Shiba Inu.
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- Shiba Inu price jumps 25% after Elon Musk throws new Twitter bone on dog
- Elon Musk Thinks Dogecoin Is Superior to Shiba Inu and Bitcoin as Means of Payment
- Shiba Inu coin had another spike. But will it last?
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- Elon Musk says he'll eat a Happy Meal if McDonald's accepts Dogecoin
- Shiba Inu coin price tumbles as Elon Musk admits he does not own any
- Why Dogecoin and Shiba Inu Could Be Swallowed by Whales
- Yearender 2021: How ‘Musk Effect’ Impacted Shiba Inu’s Popularity and Price
Shiba Inu price jumps 25% after Elon Musk throws new Twitter bone on dog
The age of majoritarianism has birthed a second wave of identity politics across India. As five states are ready to go to polls At no time do the politics of identity play out more spectacularly than during an Indian election. This poll season is no different The year is coming to an end but the falling prices of cryptocurrencies are not. Tesla CEO Elon Musk, in a recent podcast, said that he does not yet fully understand Ethereum blockchain-based smart contracts.
Smart contracts are contracts that have the capability to self-execute themselves when certain pre-programmed conditions are met. The market moves in its own rhythm which is clearer now more than ever. Rival Ethereum ETH crashed by 4. Its trading volume, however, went up by 1. The market continues to anticipate the expiry of the options contract on December Cardano ADA is down by 7.
The top loser was Solanyx SYX , which crashed by Dogecoin DOGE was trading with a loss of 4. ELON is trading with a loss of 6.
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Elon Musk Thinks Dogecoin Is Superior to Shiba Inu and Bitcoin as Means of Payment
The burst of attention Musk has directed towards the Shiba Inu coin has launched it into a top 20 spot in the current cryptocurrency rankings. But its recent ascent in the market has got everyone paying attention. They wanted to create a peer-to-peer digital currency that could reach a broader demographic than Bitcoin. In addition, they wanted to distance it from the controversial history of other coins.
Shiba Inu coin had another spike. But will it last?
When Elon Musk tweets, cryptocurrency investors pay attention. Sometimes, though, cryptocurrency investors might pay too much attention to Musk. Does a photo of a billionaire's dog really make the cryptocurrency more valuable? Of course not. Musk denied those rumors. However, he's certainly been a big fan of Bitcoin for quite a while. Crypto is a far better way to transfer value than pieces of paper, that's for sure. It even began accepting the cryptocurrency as payment for its electric cars. That lasted only a couple of months, though, due to concerns about the energy consumption required to mine Bitcoin.
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Elon Musk says he'll eat a Happy Meal if McDonald's accepts Dogecoin
Elon Musk believes that Dogecoin is a far superior form of payment compared to Bitcoin and Shiba Inu. The Tesla boss liked a tweet posted by Billy Markus, the co-founder of the original dog-themed coin, that compares the transaction fees of the three above-mentioned cryptocurrencies. Earlier this week, as reported by U. Today , Dogecoin implemented a hotly-anticipated software update to dramatically reduce the cost of transactions on the network to just 0. In late May, the centibillionaire escalated his spat with Bitcoiners after taking the side of Bitcoin Cash supporters in a debate about transactions fees.
Shiba Inu coin price tumbles as Elon Musk admits he does not own any
Dogecoin's value shot up about 6. Musk has been a longtime champion of the cryptocurrency, tweeting, "Dogecoin is the people's crypto," last February. Dogecoin started as a spoof coin featuring the face of a Shiba Inu and has steadily risen in value, reaching over ten cents in April of Dogecoin was inspired by the popular Doge meme of a Shiba Inu staring sideways at the camera with raised eyebrows, according to the website Know Your Meme. Dogecoin's value goes up: The price of Dogecoin, created to poke fun at cryptocurrency, is above 10 cents. While McDonald's did not respond to the tweet, competitors like Burger King and Jack-in-the-Box touted their brands in the comments section. Musk himself owns Dogecoin, along with other cryptocurrencies like Bitcoin and Ethereum, according to a tweet he posted in October Dogecoin's value goes up: The price of Dogecoin, created to poke fun at cryptocurrency, is above 10 cents When asked why he supports Dogecoin, Musk responded on Twitter : "Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge.
Why Dogecoin and Shiba Inu Could Be Swallowed by Whales
Photo of Elon Musk holding up a Shiba Inu. Elon Musk has regularly thrown his weight behind Dogecoin, and occasionally, Bitcoin. While SHIB enthusiasts went crazy - one account tweeting about decided to be Icarus, and flew too close to the sun. His answer was simple: None.
Yearender 2021: How ‘Musk Effect’ Impacted Shiba Inu’s Popularity and Price
RELATED VIDEO: ELON MUSK PUMP PLAN EXPOSED 🔥 WHY YOU NEED 10,000,000 SHIBA INU COINS! 🚨 SHIBA PRICE PUMPIn a slew of tweets, he reiterated he supports joke token dogecoin, calling it "the people's crypto", as do many of his employees at Tesla and SpaceX. But he said he has nothing to do with the not-for-profit Dogecoin Foundation. He said neither he, nor his associate Jared Birchall, were on the advisory board of the foundation, which is working to promote the crypto via patents, advocacy, and trademark protection. He said he has also invested in bitcoin, and ethereum — the world's top cryptos — a portfolio he has also spoken about in the past.
That made many of their early investors rich overnight. Dogecoin is a cryptocurrency that exists on its own blockchain like Bitcoin BTC. But these cryptos are often compared thanks to their meme appeal. However, just a few portfolios hold the majority of Dogecoin and Shiba Inu coins. In the cryptocurrency market, these big investors are known as "whales. According to the most recent data , DOGE's distributionl today stands at
Dogecoin has rallied on the cryptocurrency charts after dropping down a position and being overtaken by a spin-off of itself. The digital coin is now ranked ninth in the world in terms of market capitalisation in the crypto space, up from 10th position on Thursday. That was a 22 per cent gain in a single day. The dogecoin price is up over 11, per cent since this time last year.
Don't take yourself to heart!