The CEO of Tesla is infamous for his internet personality. Over the years, the world’s richest man slowly became one of the internet’s most favorite people, owing to his incredible sense of humor and awareness of Meme culture. He has especially been very active in the crypto scene, where he goes by the name of Dogefather. He received that name from the Dogecoin community, for the incredible ways that he has helped it grow.
In fact, Elon Musk is responsible for a lot of cryptocurrencies growing or tanking as a result of his tweets. He once mentioned that he might allow Bitcoin as a mode of payment for Tesla, and the price for Bitcoin managed to shoot up exponentially. He has also deployed this tactic for Dogecoin as well where he has tried to make the meme coin famous on more than one occasion. Every time that he has mentioned or even just retweeted anything about Dogecoin, prices for the meme coin have shot up.
Musk was even responsible for accidentally making a cryptocurrency an overnight hit by the name of Shiba Inu. After posting a picture of his dog on Twitter, people took it as a quiet message towards an investment. Apparently, people chose Shiba Inu, one of the smallest cryptocurrencies that has now reached the top ten crypto with these bullish moves.
However, the private space exploration company SpaceX CEO has also recently put out a tweet referencing a popular Chinese poem. The original text refers to a story about two brothers who fight against each other in order because they are jealous. With the context behind the actual activity, it is easy to see why people have assumed that he is talking about the current feud in the crypto market. More specifically the heated spat between Shiba Inu and Dogecoin.
Dogecoin is easily one of the oldest cryptocurrencies around, let alone meme cryptos. But despite starting out as a joke, it soon garnered popularity that most other cryptocurrencies would never dream of. As a result, Dogecoin became a legitimate enterprise that started out as a parody of the genre itself. Therefore, it is safe to say that it has very much earned its place as one of the top ten cryptocurrency in the game.
On the other hand, Shiba Inu is still a very new cryptocurrency, but also quickly rose to the top. Currently, both of these cryptocurrencies are fighting to stay on the top list, with Dogecoin holding on for dear life. The main reason why people are joining Shiba Inu is because it is a new cryptocurrency with limitless potential, just like what Dogecoin was at its prime.