November 16, 2024

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Dogecoin Price Rise After Shiba Inu ATH Crash, Elon Musk Denies Link to Dogecoin Foundation » Crypto Insiders

Dogecoin Price Rise After Shiba Inu ATH Crash, Elon Musk Denies Link to Dogecoin Foundation » Crypto Insiders

Elon Musk, CEO of Tesla and SpaceX, one of the richest men on Earth, Recently appeared again On Bitcoin (BTC) on Twitter. Now the billionaire is of course talking about his favorite Cryptocurrency: Dogecoin (DOGE).

Of course, this goes hand in hand with a significant price increase. At the time of writing, DOGE was making a massive jump from $0.249 to $0.268, a whopping 7.6% increase in less than half an hour!

The rise in the price of Dogecoin comes after a significant rise in the other price.”me me’ Market crypto: competitor shiba inu (SHIB). SHIB just got a file absolutely high (ATH) from $0.0004316. SHIB rate is at least 45% in Plus today and up to 430% compared to last month.

DOGE’s price increase comes on the heels of a number of Twitter messages from Musk, which were somewhat surprising. In August, the Dogecoin Foundation was re-established to which some notable names have been attached, including Ethereum (ETH) Founder Vitalik Buterin and Founder of Dogecoin Billy ‘Shibetoshi Nakamoto’ Markus.

The foundation also reported at the time that Elon Musk was represented in the group by Jared Birshall, CEO of Neuralink and President of family office from musk. He will act as the group’s legal and financial advisor.

Musk now denies this. He says that neither he himself, Birshall, nor anyone he knows belong to the Dogecoin Foundation at all. Crypto Twitter reacts surprisingly, they ask for clarification, but Musk does not respond further.

The price of this cryptocurrency is starting to separate more and more from the rest of the cryptocurrency market. It appears that so-called retail FOMO may be spreading here faster than other altcoins. Many people still call this cryptocurrency meme a risky investment.

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Moreover, the billionaire says with a sarcastic wink that Twitter is riddled with cryptocurrency scams and that he will become the world’s first dogecoin billionaire.