What Do You Know About Coins and Tokens That Enrich Its Investors With The Elon Musk Effect?
Coins That Make Investors Rich With The Effect Of Elon Musk! Shiba Inu, Dogecoin and BabyDoge, together with the beginning Elon musk Twitter, managed to make many investors smile, while causing many people to sink.
Will the joke money that makes many people rich with the shares of Elon Musk increase? We’re reviewing details on Shiba Inu and Dogecoin, including Baby Doge, who just joined the trailer.
It has not been a year since Tesla and SpaceX CEO entered the famous billionaire cryptocurrency markets. However, thanks to its shares, many investors made serious gains. Elon Musk, who raised the prices of joke money with his sarcastic and funny posts or just by the community, detonated his last bomb. After Dogecoin and Shiba Inu (SHIB) with a BabyDoge post this week, a new dog coin has been polished.
Shiba Inu (SHIB)
The Shiba Inu (SHIB), which first appeared in August 2020, has priced over 1000% in the first months of this year when Elon Musk said he would buy a Shiba puppy. Shiba Inu, which has no purpose and does not produce benefits like other joke coins, is known as the Dogecoin killer.
Despite being a new crypto asset, it has a strong community and is supported by its investors, especially on platforms such as Reddit.
Shiba Inu (SHIB), which has lost 85% relative to its ATH point, has to surpass the 0.00001 level to enter a full uptrend. In other words, SHIB must drop another zero to continue its rise, otherwise it will continue to move between 0.0000057 and 0.0000090. However, the base support level of 57 has been maintaining its strength for about a month. The main factor that will determine the price here is that Bitcoin stops its decline.
Dogecoin, an older crypto asset than Ethereum, retains a significant portion of its rise over the past year. Although it has moved away from its 0.73 peak, its popularity thanks to Elon Musk protects it from much more serious declines.
Dogecoin, which increased 650 times with a level of 0.73 compared to March last year, is still extremely popular and may return to its old days after being rejected by Elon Musk. This possibility has been on the minds of the community for a long time, but Musk’s statements that “we will develop Dogecoin” disproved it.
The key 0.24 support level remains, but the 0.278 resistance must be surpassed for a clear uptrend. Maybe these days when Bitcoin moves a little sideways, Elon Musk can make a post that can help Dogecoin (DOGE) break the price.
Baby Doge Coin (BabyDoge)
Finally, Baby Doge Coin has joined the caravan of joke coins pumped by Elon Musk.
Just like Shiba Inu, a sharing made unrelated to the token caused BabyDoge to shine because of its name similarity. BabyDoge, which could only be bought on PancakeSwap until 2 days ago, can now be purchased on XT and DODO with the action of the exchanges that want to take advantage of the popularity.
With a market cap of over $1 Billion, BabyDoge has a full supply of 420 quadrillion and is unreliable as it is a simple token generated on the BSC network. But despite the possibility of Elon Musk getting a new share of BabyDoge, some investors have bought several billion Baby Doge Coins (BabyDoge) in small amounts.
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.