Dogecoin’s Price Soars Under The Musk Effect As Big Eyes Coin Hits Funding Bullseye
Elon Musk’s influence on the cryptocurrency market was evident once again as the price of Dogecoin (DOGE) saw a surge of up to 30%. The sudden price rise came after Musk changed his Twitter profile picture to the Shiba Inu dog, which is the official mascot of DOGE.
Meanwhile, Big Eyes Coin (BIG), another meme-based cryptocurrency, has achieved yet another milestone by raising over $33 million during its ongoing presale phase, indicating the growing popularity of these coins in the market.
Dogecoin: From Parody to Prodigy Thanks to Elon Musk’s Endorsement
Dogecoin (DOGE) started as a satirical payment system that poked fun at the crypto industry in 2013. Created by software engineers Billy Markus and Jackson Palmer, it introduced the concept of meme coins and a Shiba Inu dog as its mascot. Despite its humorous nature, some crypto investors saw its potential as a legitimate investment prospect.
Over the years, Dogecoin has become a prodigy in the virtual world, outperforming many altcoins and growing to become the 7th largest cryptocurrency with a market capitalization of $13 billion.
Elon Musk, the CEO of Tesla and SpaceX, has been instrumental in boosting Dogecoin’s popularity with his endorsements. He first expressed his view on Dogecoin through Twitter in 2020, with a tweet that simply read “One word: Doge”. This tweet caused the price of Dogecoin (DOGE) to increase by 20%. Since then, he has posted multiple tweets praising Dogecoin as the “people’s crypto”, causing the price to rise further. His influence has become so significant that news outlets have started to refer to it as the “Musk Effect”.
In May 2021, Musk’s endorsement on Saturday Night Live caused Dogecoin to reach its all-time high value. However, this was not the first time that Musk had influenced the price of DOGE. In April 2021, he posted a picture with the caption “Doge barking at the moon”, which caused the price to skyrocket by 100%. That same year, Musk announced that Tesla would accept cryptocurrency as a means of payment, further boosting DOGE’s value.
Despite Musk’s constant support, some crypto enthusiasts accused him of artificially inflating the price of DOGE. An American named Keith Johnson filed a complaint against Elon Musk, accusing him of manipulating the market and seeking $258 billion in damages.
Musk’s Influence Continues: Twitter DOGE Logo Leads to a 30% Increase in Price
Elon Musk seems unfazed by the recent lawsuit against him accusing him of artificially inflating the price of Dogecoin. In February 2023, Musk acquired Twitter and tweeted a picture of his pet dog Floki, a Shiba Inu breed dog, posing as the new CEO of Twitter. This tweet influenced not only Dogecoin (DOGE) but other meme coins as well.
Recently, Musk changed the famous blue bird logo of Twitter to a Doge meme. Although the change was made only in the desktop version of the platform, the price of Dogecoin rose by 30%. This shows that Musk’s meddling with the crypto market is not deterred by the lawsuit against him in the US court.
Reasons behind the Twitter DOGE Logo
A few days ago, Elon Musk requested the US court to dismiss the $258 billion lawsuit filed against him for inflating the price of Dogecoin. The complainants alleged Musk of running a pyramid scheme to support the cryptocurrency. In response, Musk’s lawyers defended him, criticising the allegations as a fanciful work of fiction based on Musk’s often innocuous and silly tweets.
It is speculated that Musk changed the Twitter logo to divert attention from the lawsuit against him. Another possibility could be that he is trying to show the US court that his actions related to Dogecoin are indeed silly and nothing serious. Whatever the reason may be, Musk’s influence on the crypto market continues to remain strong.
Big Eyes Coin Hits New Presale Milestone
Following the trend of dog-themed meme coins, a new cat-themed meme coin called Big Eyes Coin (BIG) has entered the market and has been registering significant growth during its presale stage. Big Eyes Coin’s presale was rolled out in late 2022 and has successfully completed 11 stages so far, with the 12th stage raising an impressive $33 million.
Big Eyes Coin is a project with a mission to change the traditional finance system by bringing wealth into the DeFi system, while also prioritising the conservation of oceans. The project team has been issuing its native currency BIG in the presale at a reasonable price, with loot boxes ranging from $9.99 to $9,999. Investors who purchase these loot boxes have the chance to win BIG tokens worth up to $1 million, as well as loot cards that can be minted as NFTs and custom-made cards.
Recently, the project team released its NFTs on OpenSea, the largest Web3 marketplace for NFTs and digital collectibles, as mentioned in the roadmap. Furthermore, Big Eyes Coin has committed to spending 5% of its total token supply for charity purposes to support ocean conservation.
With the current market trend, Big Eyes Coin’s launch has gained a lot of attention from investors. It offers not only investment opportunities but also a sense of community and environmental responsibility.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Elon Musk’s influence on the cryptocurrency market was evident once again as the price of Dogecoin (DOGE) saw a surge of up to 30%. The sudden price rise came after Musk changed his Twitter profile picture to the Shiba Inu dog, which is the official mascot of DOGE.
Meanwhile, Big Eyes Coin (BIG), another meme-based cryptocurrency, has achieved yet another milestone by raising over $33 million during its ongoing presale phase, indicating the growing popularity of these coins in the market.
Dogecoin: From Parody to Prodigy Thanks to Elon Musk’s Endorsement
Dogecoin (DOGE) started as a satirical payment system that poked fun at the crypto industry in 2013. Created by software engineers Billy Markus and Jackson Palmer, it introduced the concept of meme coins and a Shiba Inu dog as its mascot. Despite its humorous nature, some crypto investors saw its potential as a legitimate investment prospect.
Over the years, Dogecoin has become a prodigy in the virtual world, outperforming many altcoins and growing to become the 7th largest cryptocurrency with a market capitalization of $13 billion.
Elon Musk, the CEO of Tesla and SpaceX, has been instrumental in boosting Dogecoin’s popularity with his endorsements. He first expressed his view on Dogecoin through Twitter in 2020, with a tweet that simply read “One word: Doge”. This tweet caused the price of Dogecoin (DOGE) to increase by 20%. Since then, he has posted multiple tweets praising Dogecoin as the “people’s crypto”, causing the price to rise further. His influence has become so significant that news outlets have started to refer to it as the “Musk Effect”.
In May 2021, Musk’s endorsement on Saturday Night Live caused Dogecoin to reach its all-time high value. However, this was not the first time that Musk had influenced the price of DOGE. In April 2021, he posted a picture with the caption “Doge barking at the moon”, which caused the price to skyrocket by 100%. That same year, Musk announced that Tesla would accept cryptocurrency as a means of payment, further boosting DOGE’s value.
Despite Musk’s constant support, some crypto enthusiasts accused him of artificially inflating the price of DOGE. An American named Keith Johnson filed a complaint against Elon Musk, accusing him of manipulating the market and seeking $258 billion in damages.
Musk’s Influence Continues: Twitter DOGE Logo Leads to a 30% Increase in Price
Elon Musk seems unfazed by the recent lawsuit against him accusing him of artificially inflating the price of Dogecoin. In February 2023, Musk acquired Twitter and tweeted a picture of his pet dog Floki, a Shiba Inu breed dog, posing as the new CEO of Twitter. This tweet influenced not only Dogecoin (DOGE) but other meme coins as well.
Recently, Musk changed the famous blue bird logo of Twitter to a Doge meme. Although the change was made only in the desktop version of the platform, the price of Dogecoin rose by 30%. This shows that Musk’s meddling with the crypto market is not deterred by the lawsuit against him in the US court.
Reasons behind the Twitter DOGE Logo
A few days ago, Elon Musk requested the US court to dismiss the $258 billion lawsuit filed against him for inflating the price of Dogecoin. The complainants alleged Musk of running a pyramid scheme to support the cryptocurrency. In response, Musk’s lawyers defended him, criticising the allegations as a fanciful work of fiction based on Musk’s often innocuous and silly tweets.
It is speculated that Musk changed the Twitter logo to divert attention from the lawsuit against him. Another possibility could be that he is trying to show the US court that his actions related to Dogecoin are indeed silly and nothing serious. Whatever the reason may be, Musk’s influence on the crypto market continues to remain strong.
Big Eyes Coin Hits New Presale Milestone
Following the trend of dog-themed meme coins, a new cat-themed meme coin called Big Eyes Coin (BIG) has entered the market and has been registering significant growth during its presale stage. Big Eyes Coin’s presale was rolled out in late 2022 and has successfully completed 11 stages so far, with the 12th stage raising an impressive $33 million.
Big Eyes Coin is a project with a mission to change the traditional finance system by bringing wealth into the DeFi system, while also prioritising the conservation of oceans. The project team has been issuing its native currency BIG in the presale at a reasonable price, with loot boxes ranging from $9.99 to $9,999. Investors who purchase these loot boxes have the chance to win BIG tokens worth up to $1 million, as well as loot cards that can be minted as NFTs and custom-made cards.
Recently, the project team released its NFTs on OpenSea, the largest Web3 marketplace for NFTs and digital collectibles, as mentioned in the roadmap. Furthermore, Big Eyes Coin has committed to spending 5% of its total token supply for charity purposes to support ocean conservation.
With the current market trend, Big Eyes Coin’s launch has gained a lot of attention from investors. It offers not only investment opportunities but also a sense of community and environmental responsibility.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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