Elon Musk showed his influence over the internet once again. The graphs of crypto like Dogecoin witnessed a hike due to a post by the billionaire Tesla CEO. All Mr Musk did was share a photo of a Shiba Inu puppy, his new pet dog. The puppy is seen sleeping blissfully in the image, quite unaware of the effect his picture had on the crypto world. The SpaceX Head captioned the photo “Floki has arrived” which went viral in no time.
Consequently, the effects of the tweet could be seen across the internet. Several cryptocurrencies which shared names similar to Elon Musk’s pet witnessed the surge.
The biggest gainer among the Floki-themed crypto was Shiba Floki. Within a day, Shiba Floki saw a surge of 958 percent. Currently, there is a 648 percent surge in the currency.
Other cryptocurrencies like the Floki Inu saw a rise by over 59 percent as it was named similar to the Shiba Inu pup. Moreover, the perception regarding the Shiba Inu dog also affects the prices of Dogecoin. Created in 2013 as a joke, the cryptocurrency features the dog with the symbol “D”.
It was Elon Musk himself, whose endorsement led to Dogecoin becoming popular. After this new tweet, Dogecoin saw a gain of 0.36 percent.
This is not the first time that currencies related to Shiba Inu or with a Floki connection have seen their prices pushed up due to Mr Musk’s tweets. In August, Shiba Inu witnessed a 16 percent rise in its price, when Mr Musk mentioned naming his canine “Floki”.
Mr Musk’s opinions on social media as well as his tweets have had huge impacts on cryptocurrencies in the past as well. Now, the focus of the market is on the Floki-related cryptocurrencies to examine if they can manage to gain similar popularity levels as Dogecoin did.
