2021-03-15 12:00:53

Elon Musk Said He’s Getting A Dogecoin Dog, But This Cryptocurrency Surged Instead

Elon Musk has shown that he is a strong supporter of Dogecoin, so much so that the Tesla CEO is now planning on getting the cryptocurrency’s mascot as a pet.

Dogecoin, created in 2013, rose to fame due to its symbol, an internet meme of a Shiba Inu dog. Musk said over the weekend that he plans to get the Japanese dog breed as a pet.

Musk made the proclamation in a tweet on March 13, simply saying he was getting a Shiba Inu and hashtagging the post “#resistanceisfutile.”

While Musk’s tweets have been known to send Dogecoin soaring in recent weeks, this tweet had a different effect on cryptocurrency. The price of Shiba Inu token was up nearly 300% instead of Dogecoin, Benzinga reported.

Dogecoin surpassed $0.06 over the weekend, according to the news outlet.

As of early Monday morning, Shiba Inu was priced at $0.00000008, up over 30%, while Dogecoin was trading at $0.05674, according to CoinMarketCap.

This was not the only Dogecoin tweet that Musk made over the weekend. The automotive entrepreneur said on March 13 that it was a “Doge day afternoon,” which he explained was an ancient Roman sacrifice of Dogecoins.

Musk also tweeted about being “dogematic” in what may be another reference to Dogecoin.

While it is unclear if Musk is truly bringing home a Shiba Inu as a pet, he is an animal fan. He previously said that he has “a big dog called Gatsby, a little dog called Marvin the Martian and a cat named Schrödinger.”

Japanese Shiba Inu dog, the official mascot of the internet meme-centric cryptocurrency Dogecoin. Photo: Matt Cardy/Getty

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