Elon Musk Effect Does It Again? Dogecoin, Shiba Inu, Floki Spike After X Owner Calls Platform A 'Doge Friendly Place'
Portfolio Pulse from Mehab Qureshi
Meme coins Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and Floki (CRYPTO: FLOKI) saw an uptick of over 2% on Thursday, countering the downward trend experienced in the past seven days. This increase followed a tweet from Elon Musk stating that X (formerly Twitter) is a 'dog & Doge friendly place'. Musk's association with Dogecoin has significantly raised the profile of the meme coin.
August 24, 2023 | 6:04 am
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POSITIVE IMPACT
Dogecoin saw a 2% increase following Elon Musk's tweet, countering its recent 6% decline.
Elon Musk's tweet about X being a 'dog & Doge friendly place' has likely contributed to the 2% increase in Dogecoin's price. Given Musk's influence and his association with Dogecoin, this news is highly relevant and important for DOGE investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Floki saw a 2% increase following Elon Musk's tweet, countering its recent decrease of more than 13%.
Elon Musk's tweet likely influenced the 2% increase in Floki's price. Despite Musk's primary association with Dogecoin, his influence extends to other meme coins like FLOKI, making this news relevant and important for FLOKI investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Shiba Inu experienced a 2% uptick following Elon Musk's tweet, despite a recent drop of over 10%.
Elon Musk's tweet likely influenced the 2% increase in Shiba Inu's price. Although Musk's association is more with Dogecoin, his influence extends to other meme coins like SHIB, making this news relevant and important for SHIB investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80