Daddy Doge (CRYPTO: DADDYDOGE), a cryptocurrency impressed by Dogecoin (CRYPTO: DOGE), has benefited from Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk’s shoutout and is trending on CoinMarketCap’s web site.
What Occurred: Daddy Doge is trending in second place behind FEG Token (CRYPTO: FEG) at press time, in response to CoinMarketCap.
Following his courtroom look on Monday in a case associated to Tesla’s $2.6 billion acquisition of SolarCity, Musk was requested by a fan from the gang how his first day in courtroom was.
“Daddy Doge,” Musk yelled again, whereas strolling to a ready automobile.
Elon leaving courtroom after hours of testimony pic.twitter.com/FMUmCRrkPP
— Tina Davis (@tina_davis) July 13, 2021
Newly-created Daddy Doge is the most recent addition to the Doge household and runs on the Binance Sensible Chain (BSC).
Why It Issues: Musk’s tweets generally have an amazing impression on the worth of Dogecoin and different cryptocurrencies, however that isn’t at all times the case.
Whereas Daddy Doge is presently trending, the worth of Dogecoin fell early Tuesday regardless of Musk’s mentions of the Shiba Inu-themed cryptocurrency on Twitter Monday.
A tweet from Musk at first of this month had despatched Child Doge Coin (CRYPTO: BABYDOGE) – a brand new cryptocurrency created by the Dogecoin neighborhood – hovering. Nevertheless, the most recent information means that curiosity within the coin may be fading.
Earlier this month, Dogecoin co-creator Billy Markus warned towards investing in new cryptocurrencies which can be “being made each minute” on the Binance Sensible Chain and Ethereum (CRYPTO: ETH) ecosystems.
Worth Motion: Dogecoin is up 1.3% over the last 24 hours, buying and selling at $0.1930 at press time.
Daddy Doge is buying and selling at $0.00000004426 at press time.
Learn Subsequent: Bitcoin, Ethereum, Dogecoin Discover Stability As These Altcoins Proceed Their Run