What do two global magnates chat about while cheering on football, crying while listening to Chris Stapleton, and going goo-goo eyed for Bad Girl Riri whining with a baby bump? DogeCoin apparently.
Elon Musk is in no shortage of assets or jokes. Twitter asked what could Elon Musk and Fox News owner Rupert Murdoch be chatting about during the Super Bowl, to which Elon Musk responded "DogeCoin." Sure enough, DogeCoin spiked by 5%! This is not the first time Elon has utilized Twitter to sway the market for his own entertainment and financial gain and it certainly won't be the last.
Since taking up the position as dictator, I mean, "Chief Twit" CEO of Twitter, Elon has wreaked havoc upon the fleeting stream. Despite the majority of his 100 million followers voting against his position in an online poll, Musk continues to exploit the social media platform for his personal and professional investments.
Musk reportedly ordered 80 Twitter engineers to boost his online engagement during the 2023 Super Bowl. This is following firing 80% of Twitter's workforce and demanding 80-hour work weeks from the remaining staff with no free food. Seems to be his angel (or demon's) number. Whatever mysticism there is in the metaverse surrounding the idea of Elon Musk, it works.
To follow, on Tuesday night, one Tweet from the Tesla, SpaceX, and Twitter CEO moved markets. Canine-themed cryptocurrencies across the market shot up after Musk posted a photo of his dog, Floki. With DogeCoin's token reaching more than $11.5 billion from a $500 million market cap increase.
I think it's fair to declare Elon Musk the "Don" of meme coins. No doubt, he's looking out for his dogs. Could Elon Musk be pushing the market value to elevate another meme coin?
A meme coin is a term for popular digital currencies, depicted as or derived from comical or animated memes, that is supported by enthusiastic online traders and followers. Meme coins can be used to purchase goods and services making them a trendy and entertaining form of currency that can be traded on decentralized exchanges.
Dogecoin (DOGE) the O.G. of meme coins has exceeded expectations in revenue. Founded in 2013 as a joke to mock Bitcoin, and made headlines in 2021 when the coin surged from $0.004 to $0.73 – 18,000% increase. Dogecoin inspired a breakout of dog-themed coins in the crypto market and proudly reigns as the most influential meme coin in crypto.
In 2022, Elon Musk was sued for $258 billion by crypto Whale Keith Johnson, (an American investor with huge assets invested in Dogecoin) over claims he ran a pyramid scheme to promote Dogecoin to profit from its trading.
Tesla now accepts Dogecoin as a payment method for merchandise – but not its electric cars. I imagine Elon smoking cigars, unbothered bumping Rihanna's lyrics in his Tesla "your wife's in the backseat of my brand new foreign car. Don't act like you forgot, I call the shots."
Will Elon Musk tire of his sway with Dogecoin and move to newer assets?
If there is a coin out there with the ability to return Elon Musk's mockery, it's Dogetti Coin (DETI). Fashioned in the image of influential crime dramas like the Godfather and Goodfellas, Dogetti is a new meme coin that commands the respect of its peers. Currently, in its first stage of presale with 1,815,250,000 tokens sold, the coin has passed the halfway mark with impressive ease and is quickly elevating itself amongst the rest of the Shiba Inu look-alikes running around the blockchain.
Through the Dogetti DAO (decentralized autonomous organization) members of the Dogetti community have the option to vote on proposals and make changes to the protocol. Powered by Uniswap, DETI has launched DogettiSwap, a decentralized exchange (DEX) making it possible for holders to sell or swap any of their ERC20 tokens. These NFTs have the potential to breed new Dogetti NFTs that can become fiat or cryptocurrency which could prove to be highly lucrative.
Elon Musk's promotion of DogeCoin aids the value of altcoins like Dogetti (DETI). Musk clearly recognizes the potential of the ecosystem of crypto canines. If this coin gains enough revenue and causes enough trouble, it has the potential to rise up in the marketplace and captivate investors who are interested in Elon Musk's power and influence.
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_
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