The crypto world is abuzz with Elon Musk’s recent mention of Shiba Inu and the potential rally of Dogecoin. Musk’s tweet about Shiba Inu, amidst Twitter’s rebranding, has sparked speculation within the crypto community.
Read CRYPTONEWSLAND onMeanwhile, Dogecoin is eyeing a massive 23,200% rally, repeating a previous descending triangle pattern amid a significant accumulation by whales involving 3 billion DOGE.
Elon Musk, the CEO of Tesla and owner of Twitter, referenced Shiba Inu in a tweet, causing a stir in the crypto community. This mention came amidst Twitter’s rebranding, which saw the iconic bird logo replaced with the letter X.
Musk’s tweet humorously noted that Twitter had used Shiba Inu-themed branding for a while with no significant impact. This mention of Shiba Inu, although not directly referring to the crypto asset, has garnered widespread attention from crypto enthusiasts, particularly those in the Shiba Inu community.
On the other hand, Dogecoin is currently eyeing a significant rally. The meme coin, which has seen a series of declines, has formed a descending triangle on its weekly chart. This pattern is similar to the one formed in 2021, which resulted in a 23,200% rally for Dogecoin.
This potential rally is further supported by the recent accumulation of 3 billion DOGE by whales, as pointed out by crypto market watcher Ali.
The future of both Shiba Inu and Dogecoin in the crypto space looks promising. With Elon Musk’s mention and the potential rally of Dogecoin, these altcoins continue to make waves in the crypto market.
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