Baby Doge skyrockets after Elon Musk tweet

Category: Americas Crypto

The new meme cryptocurrency Baby Doge surged in price on Thursday after Elon Musk tweeted a “Baby Shark” reference

Musk tweeted, “Baby Doge, doo, doo, doo, doo, doo,”  and the hashtag #babydoge trended on the site following the tweet.

According to data from CoinGecko, the price of Baby Doge rose from $0.000000000916 to $0.000000002000 – doubling in price following Musk’s tweet. “Release the Doge!” Musk tweeted an hour earlier, which cause another rise in Doge coin. Cryptocurrencies have been heavily influenced by Musk’s tweets for the past few years.

Dogecoin began as a joke in 2013 and has since become a mainstream digital asset. Baby doge coin is a new addition to the crypto world.

A description from CoinMarketCap said: “Baby Doge seeks to impress his father by showing his new improved transaction speeds & adorableness. He is Hyper-deflationary with an integrated smart staking system built in so more baby doge are being added to your wallet. Simply Love, pet, and watch your baby doge grow.”

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