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BusinessSHIBA INU Trading Volume Jumps 1,101% After Tesla CEO Posts 'Puppy Pic'

SHIBA INU Trading Volume Jumps 1,101% After Tesla CEO Posts ‘Puppy Pic’

SHIBA INU NEWS:Following Elon Musk’s recent tweet about Shiba Inu puppy ‘Floki’, the Shiba INU coin is trading at around 40 percent on CoinMarketCap.

Tesla CEO and founder Elon Musk once again demonstrated the influence of “Musk” as he directly influenced the price of the cryptocurrency Shiba INU. Earlier this week, the tech billionaire tweeted about the arrival of a new Shiba Inu puppy named Floki. As a result, Shiba Inu rose to 40 percent on Friday morning.

At the time of writing this article, the currency is trading in the green at 34.58 percent in a 24-hour period. The coin was trading up 25.92 per cent during the week. The SHIBA INU is priced at $0.000009046, with a market capitalization of $3.07 billion and a trading volume of 1,101 percent.

SHIBA INU Puppy Floki

SHIBA INU
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SHIBA INU

It should also be noted that according to TechStory, SHIB has jumped 21 percent since its recent listing on Coinbase. This comes after Coinbase revealed that the platform is looking to add all tokens. So far, SHIB has proved to be a fan favorite, allowing Coinbase to add additional support for altcoins in terms of deposits and withdrawals while maintaining liquidity.

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In parallel, Dogecoin, the long-time favorite cryptocurrency of the Tesla CEO, has also seen an uptrend recently. At the time of writing this article, the altcoin is priced at $0.2572, indicating that it has traded in the green 4.64 percent over the past 24 hours.

The coin is also trading in the green, down 0.75 per cent in the last seven days, with a market cap of $33.39 billion. Not only has there been a positive change in Dogecoin following what Musk tweeted recently, but related altcoins like Baby Doge have also changed hands.

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