dogecoin -

Elon Musk Prefers Doge over Shiba

Elon Musk owns a Shiba Inu puppy but prefers Doge. Elon Musk jokes about Shiba Iu, but Elon doesn’t keep Shiba inu.

Responding on one of the many Shiba Inu accounts via Crypto Twitter, Elon Musk, who is a prominent figure in that community, confirmed that he did not own Shiba Inu.

Elon Musk: Shiba a copy of Doge

Elon Musk doesn’t have a single Floki token, even though his dog’s name was Floki.

Elon Musk claimed that he owned only Bitcoin, Ethereum and Dogecoin, a portfolio he had previously revealed. This disclosure was accompanied by a piece for maximalists, whether they are Bitcoin, Shiba Inu or any other cryptocurrency. Faith in a coin is not as important as the ecosystem of services that surround it.

Elon Musk seems to prefer the original meme over the copied. The world’s wealthiest man has been working tirelessly to improve Dogecoin so that it can be used worldwide as a medium of exchange.

Dogecoin Foundation appointed Elon Musk’s associate as a member to its advisory board. This could mean that Musk’s relationship with Dogecoin is more than just memes.

Elon Musk has shared his love for Dogecoin throughout his company. The entrepreneur stated in a tweet that many of his employees owned Dogecoin and that this was what motivated him to invest in this cryptocurrency.

The Cute Puppy Shows Its Teeth

Shiba Inu, which until then had embarked on a nearly 50% bull run over the weekend, had an almost instantaneous drop after Elon Musk’s Tweet.

The cryptocurrency had reached an ATH of $0.00004217. As Cryptopotato reported, this was enough to lift a $1K purchase of $SHIB earlier in the year to $500 Million in October. But after Elon’s tweet, the token crashed to $0.00003282, a dangerous loss of over 27%. From there, it managed to recover a bit to its current price of $0.00003770.

Of course, this unleashed the wrath of the Shiba Inu community, which, upset by the losses, called to cancel Elon, criticizing his excessive influence and clamoring to “break free” from the Musk effect.

But maybe that grudge will pass when Elon releases a new photo of his puppy, raising the token to the heights… Again.