Today, the world-renowned entrepreneur Elon Musk made a major announcement that sent shockwaves through the cryptocurrency markets.He declared that he was officially naming himself as the new CEO of Dogecoin, Floki Inu, and Shiba Inu.The three of the most popular digital coins on the market.
On Wednesday afternoon, Tesla and Twitter CEO Elon Musk sent the crypto world into a frenzy. This was when he tweeted a picture of his pet dog “Floki” along with the caption “new CEO of Twitter is amazing.”
However, this humorous meme had an effect on meme coin prices such as Dogecoin, Floki Inu, and Shiba Inu, which all saw an increase in value following the tweet. Musk further commented that “Floki” was even much better than any other person who could have been chosen for this role. He then continued to praise him for being great with numbers and having style.
In the wake of Elon Musk’s tweet, several crypto influencers reacted. Examples of the influencers include the Dogecoin creator Shibetoshi Nakamoto, Matt Wallace, Shiba Inu lead developer Shytoshi Kusama, and David Gokhshtei.
Floki token price
The FLOKI token was not left out of the equation as its price skyrocketed by over 45% in a matter of hours. Its current rate stands at $0.00002974 after experiencing an impressive surge from a low of $0.00002092 to a high of $0.00003278 – with its 24-hour trading volume experiencing a nearly 250% increase in the same time frame.
Dogecoin Price
Dogecoin (DOGE), Musk’s favored meme coin, also experienced significant growth. With its price soared by more than 5% in less than one hour . Currently trading at $0.08599 with 24-hour lows and highs of $0.08127 and $ 0.087 respectively.
Investors around the world responded positively to this news. Many believe that Musk’s involvement is sure to bring even more attention and success to these coins.
With his experience and prominent status in the business world, it’s no surprise that investors are eager to invest in cryptocurrencies.Especially those under his stewardship.
