Almost every Floki-based cryptocurrency initiated a sharp increment to follow Elon Musk’s one tweet. He tweeted a picture of one sleeping Shiba Inu puppy captioning – “Floki has arrived”.
Tesla & SpaceX CEO Elon Musk is well-recognized in the crypto community for his influence. His strong support for the altcoins pushed the market prices on several occasions. Of course, the majority of his tweets were circled around Dogecoin for the subject.
However, he decided to stick with less-known assets instead of established ones this time. Still, it immediately managed to spark the Floki-based crypto-fuel towards a skyrocketing increase.
Market analyzing sites tracked down as much as 1000% increments for newly arrived Shiba Floki. Its sharp rally to coincide with Musk’s tweet reached $0.0000000534 at maximum.
Meanwhile, CoinMarketCap confirmed other Floki-based cryptos to surge dramatically. Floki coin itself checked an astounding 250% surge in 24 hours. Other minor assets like Floki Inu gained 60% alongside Floki Shiba’s 25% sessional increase.
But it’s not the first time for Elon to set the skyrocketing increase for Floki-based assets.
People who follow Musk on Twitter weren’t exactly surprised to hear from him on Floki. He declared to name his Shiba Inu as Floki in a tweet on June 25.
Also, Dogecoin also officially reacts to Musk’s tweet on its verified Twitter page. It respectfully implied the ‘dogefather’-associated doge to shape somewhat like a bean.
Dogecoin continues to struggle with its market price to recover from this year’s crash. Currently, the asset keeps going like regular cryptos to coincide with the pricing pattern.
Elon has been widely criticized for dumping Bitcoin adaption for Tesla’s electric car trading. And there’s no influencing tweet from him to set Doge price on fire.
The tweet proves his unrivaled influence in crypto pricing alongside his interest in digital tokens. Chances are good to hear from Musk on Floki to initiate further sharp rallies in near future.
It won’t be surprising for the Floki-based assets to set a stable, recognized foundation soon enough.