Elon Musk Has Once Again Contributed To The Price Increase Of Dogecoin

Elon Musk Has Once Again Contributed To The Price Increase Of Dogecoin

Elon Reeve Musk is primarily known for being the founder of product architect Telsa and being one of the richest individuals on the planet. His influence has not only touched entrepreneurs in the automotive industry, but also the world of crypto. Musk first mentioned cryptocurrency in 2014, when he expressed scepticism about the technology, 'well, now that Satoshi Nakamoto has been discovered, I guess it is case closed."

This was in response to an earlier Newsweek article claiming to have uncovered the authentic identity of Bitcoin's enigmatic creator Satoshi Nakamoto – which was later rejected by the man, whose real name is Dorian Nakamoto. Musk's opinion of cryptocurrencies changed over time as in early 2021, he publicly endorsed the meme coin pioneer Dogecoin (DOGE) on Twitter. After becoming the new CEO of Twitter, Musk has quickly impacted Dogecoin yet again. Big Eyes Coin (BIG) is a newcomer to the crypto market that is equally vying for Musk's attention.

Elon Musk And Dogecoin Relationship

As previously mentioned, Elon Musk's fascination with Dogecoin began in early 2021 when he Tweeted about the meme coin. This caused the market capitalisation and value of DOGE to rapidly increase. Musk's advocation for the currency has likely caused DOGE to become one of the most prominent cryptocurrencies in the metaverse, as before this, people viewed it as a coin with little utility or value.

In 2013, Dogecoin was founded as a fun alternative to existing cryptocurrencies like Bitcoin. The 2013 'doge' meme inspired the name of the network and Shiba Inu logo. Unlike Bitcoin, which was supposed to be limited, Dogecoin is designed to be numerous, with 10,000 new coins being mined every minute and no cap on supply. 

Elon Musk recently tweeted a picture of an Inu dog wearing a Twitter t-shirt. This most recent post fueled rumours that he would make DOGE Twitter's principal currency, extending the meme-coin surge on Halloween night. DOGE has risen almost 29% in the last 24 hours and currently trades at roughly $0.15, according to the CoinMarketCap USD chart statistics.

How Can Big Eyes Coin Get Elon Musk's Attention?

Big Eyes Coin (BIG), like Dogecoin, was developed to deflect attention away from traditional cryptocurrencies such as Bitcoin and Litecoin by employing an eccentric cat mascot. The figurehead takes clear inspiration from Japanese culture, as it is designed in an anime/manga style. With the anime industry having an estimated market value of $24.80 billion, Big Eyes Coin is targeting a very popular sector which could lead to growth in its popularity.

Outside of its aesthetics, the meme coin plans to transfer wealth into the decentralised finance ecosystem while aiming to protect the ocean, an element that is vital to the world's environment. According to the blockchain network, 5% of BIG's accessible tokens will be donated to ocean conservation institutions. This aspect could catch the eye of Elon Musk, as he is known for donating approximately $5.7 million of Tesla shares to charity in 2021. BIG has close to 60,000 Twitter followers and has already been endorsed by crypto influencers such as Ieda Wobeto.

Currently, in the sixth stage of its presale, Big Eyes Coin has rapidly accumulated $9.23 million. It seems only a matter of time before the billionaire notices the cutest cat, and what it has to offer to the world of crypto.

Find Out More About Big Eyes Coin (BIG) In The Links Below:

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