The meme cryptocurrencies made just for fun have been surging to new heights. Dogecoin showed a rise of around 13 on Tuesday. The Rising Candle’s Crypto Sentiments on Reddit also showed Bitcoin, Shiba Inu and Ethereum whoppingly up! The dogecoin’s enormous growth has been followed by Shiba Inu and the other meme tokens.
The rise in the cryptocurrency’s performance has mainly been observed after Elon Musk tweeted a picture of his Shiba Inu puppy- Floki! Ever since, the two puppy-face coins, $DOGE and $SHIB have been rallying!
The Start of the puppy’s era
The Meme coins are the cryptocurrencies that originate, taking inspiration from the jokes. Dogecoin ($DOGE) was the first cryptocurrency of this type! Created back in 2013, DOGE too was created as a parody. However, it is a successful cryptocurrency today and receives much love from Elon Musk- the “Dogefather”.
Elon Musk has a say in the nascent Crypto market, and the retail investors seem to read through Musk’s tweet for a possible future crypto sentiment.
The Shiba Inu coin, another puppy-face meme token, has also risen by leaps and bounds and increased by 15 million per cent in the past year.
Other Popular Cryptocurrencies also go green.
Some of the very famous cryptocurrencies like Bitcoin ($BTC), Ethereum ($ETH), and others increased by 2.4% and 1.6%, respectively. Digital coins like Solana also went a little high in the early Wednesday hours.
However, the biggest newsmakers in the cryptocurrency world have been the coins with puppies as their mascot! The Twitter trends showed #Bitcoin and #Shib trends the entire day on Tuesday, and Wednesday also starts on the same foot!