Could Elon Musk Affect DogeMiyagi’s Price If He Mentions It?
Elon Musk is a big deal in cryptocurrency, which in itself shouldn’t register as a surprise as it’s hard to imagine Elon Musk being involved in anything and not being a big deal. But in crypto, he’s closely associated with meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). For years they’ve benefited from the association. Now it’s time to ask whether a new meme coin, DogeMiyagi (MIYAGI), could also gain from being tweeted about by Twitter’s owner.
What Is Elon Musk’s Fascination With Meme Coins?
Elon Musk is a noted maverick and his interests in things often appear to be fleeting. But he has now established himself as a noted advocate for meme coins, and in particular, Dogecoin, which happens to be the oldest and biggest crypto in the meme coin market.
There is a timeline of Musk publicly mentioning Dogecoin or Shiba Inu and immediately prompting a price spike, especially for the $DOGE. In the last few months, it can be seen some significant developments that, entwined with Musk’s purchase of Twitter, have led to many speculations that the $DOGE could soon become mainstream.
The point about Twitter is quite crucial. When Elon Musk purchased the social media platform, Dogecoin’s value galloped skyward and more recently, Musk briefly replaced the Twitter logo on its landing page with a Dogecoin avatar. This again hiked the value of $DOGE, and many believe Musk could somehow integrate the meme coin giant into Twitter. Should that happen, Dogecoin’s value rise could be meteoric.
Shiba Inu Stands To Benefit In A Similar Manner
When Twitter’s image was replaced with a Shiba Inu dog, Dogecoin immediately witnessed a price surge of 30%. This was less extreme with Shiba Inu, but it remained bullish with a 5% growth. Musk does not, by his own admission, own any SHIB tokens so there’s not a direct relationship between him and Shiba Inu but it doesn’t mean that Shiba Inu doesn’t stand to profit.
Think of meme coins existing on a giant web with Dogecoin at the centre. Each strand represents a different crypto that threads back to Dogecoin at the heart. What happens at the heart of the web sends ripples through and affects other coins. In short, Dogecoin climbing in value affects other cryptos by leading to investors turning their attention towards the meme coin market. When you find Dogecoin growing, don’t be surprised to see Shiba Inu following closely like an eager puppy.
Could Musk Tweet About DogeMiyagi Soon?
DogeMiyagi will catch the attention of its name for those familiar with the iconic Karate Kid films. It’s a new and young meme coin in the early stages of a presale that weaves NFTs strongly into its platform as to what it is able to offer investors. It will bank on this being a factor that captivates investors and draws them in.
What happens if it draws the attention of Elon Musk? As mentioned before, Musk is fond of meme coins, and should he mention DogeMiyagi, it could be the major push that the $MIYAGI coin requires to set its presale numbers rocketing. There’s no question that Musk is pivotal to determining a coin’s value once there’s an established relationship of interest between the two.
But there’s also a downside to this that $MIYAGI’s team and its supporters should be aware of. Musk recently tweeted that AI had replaced his interest in cryptocurrency and this tanked Dogecoin’s value immediately. It’s simply not healthy for a cryptocurrency’s value to fluctuate so wildly because of an individual’s opinion.
For more about DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi
Elon Musk is a big deal in cryptocurrency, which in itself shouldn’t register as a surprise as it’s hard to imagine Elon Musk being involved in anything and not being a big deal. But in crypto, he’s closely associated with meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). For years they’ve benefited from the association. Now it’s time to ask whether a new meme coin, DogeMiyagi (MIYAGI), could also gain from being tweeted about by Twitter’s owner.
What Is Elon Musk’s Fascination With Meme Coins?
Elon Musk is a noted maverick and his interests in things often appear to be fleeting. But he has now established himself as a noted advocate for meme coins, and in particular, Dogecoin, which happens to be the oldest and biggest crypto in the meme coin market.
There is a timeline of Musk publicly mentioning Dogecoin or Shiba Inu and immediately prompting a price spike, especially for the $DOGE. In the last few months, it can be seen some significant developments that, entwined with Musk’s purchase of Twitter, have led to many speculations that the $DOGE could soon become mainstream.
The point about Twitter is quite crucial. When Elon Musk purchased the social media platform, Dogecoin’s value galloped skyward and more recently, Musk briefly replaced the Twitter logo on its landing page with a Dogecoin avatar. This again hiked the value of $DOGE, and many believe Musk could somehow integrate the meme coin giant into Twitter. Should that happen, Dogecoin’s value rise could be meteoric.
Shiba Inu Stands To Benefit In A Similar Manner
When Twitter’s image was replaced with a Shiba Inu dog, Dogecoin immediately witnessed a price surge of 30%. This was less extreme with Shiba Inu, but it remained bullish with a 5% growth. Musk does not, by his own admission, own any SHIB tokens so there’s not a direct relationship between him and Shiba Inu but it doesn’t mean that Shiba Inu doesn’t stand to profit.
Think of meme coins existing on a giant web with Dogecoin at the centre. Each strand represents a different crypto that threads back to Dogecoin at the heart. What happens at the heart of the web sends ripples through and affects other coins. In short, Dogecoin climbing in value affects other cryptos by leading to investors turning their attention towards the meme coin market. When you find Dogecoin growing, don’t be surprised to see Shiba Inu following closely like an eager puppy.
Could Musk Tweet About DogeMiyagi Soon?
DogeMiyagi will catch the attention of its name for those familiar with the iconic Karate Kid films. It’s a new and young meme coin in the early stages of a presale that weaves NFTs strongly into its platform as to what it is able to offer investors. It will bank on this being a factor that captivates investors and draws them in.
What happens if it draws the attention of Elon Musk? As mentioned before, Musk is fond of meme coins, and should he mention DogeMiyagi, it could be the major push that the $MIYAGI coin requires to set its presale numbers rocketing. There’s no question that Musk is pivotal to determining a coin’s value once there’s an established relationship of interest between the two.
But there’s also a downside to this that $MIYAGI’s team and its supporters should be aware of. Musk recently tweeted that AI had replaced his interest in cryptocurrency and this tanked Dogecoin’s value immediately. It’s simply not healthy for a cryptocurrency’s value to fluctuate so wildly because of an individual’s opinion.
For more about DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi
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