The conversation between the popular meme coin Dogecoin (DOGE) and Tesla CEO Elon Musk is no secret. However, the Tesla CEO influences not only DOGE, but all of his Shiba Inu dog-themed coins. Finally, the meme coin price went up after the BabyDoge community responded to Elon Musk’s tweet.
Tesla CEO Elon Musk is at it again!
Dogecoin (DOGE) patron Elon Musk continues to influence the crypto market with his shares. Although the shares may not pump as much as in the bull market, they are not bad for the bear market. However, this time the original meme coin did not affect DOGE, but its offspring.
Elon Musk shared on Twitter, “I will not disappoint you at any cost”. The message, which is unclear to whom it is addressed here, must have been taken over by the BabyDoge team and replied. Following Musk’s post, BabyDoge’s official account expressed the community’s gratitude to Tesla CEO Elon Musk, in response to this tweet.
Forever grateful for people like Elon for leading innovation while also not being worried to speak out ! pic.twitter.com/O0wRLdFFuK
— BabyDogeSwap.com LIVE (@BabyDogeCoin) October 19, 2022
BabyDoge price action
Crypto analyst Tomiwabold Olajide explains the movements in BabyDoge price behind Elon Musk’s share as follows. The altcoin rallied shortly after the tweet exchange, as reflected by three consecutive candles following a massive 4-hour green candle. The meme coin has seen a sharp recovery from the lows of $0.00000000113 on Wednesday, October 19th to the highs of $0.000000000124 in a few hours. At press time, BabyDoge was at $0.000000001181, up nearly 2% against the backdrop of other crypto assets traded in the red.
cryptocoin.com As you follow, there is a historical relationship between BabyDoge and Elon Musk. This relationship goes back to July last year, when the Tesla CEO changed the lyrics to Pinkfong’s song ‘Baby Shark’ and tweeted his version. Last July, the song ‘Baby Doge’ boosted the popularity of the meme coin. So this caused the price to skyrocket.
Could Elon Musk be talking about the Twitter deal?
The content of Elon Musk’s tweet remains unclear. That said, most people assume he’s referring to the Twitter deal. This assumption is based on some developments that are expected to take place in the coming days. As you know, Tesla CEO’s attempt to buy Twitter has been delayed due to some problems. As Reuters reported, Musk said on Wednesday that he was excited about the acquisition of Twitter, even as he and other investors overpaid for the social media company. Until October 28, next Friday, Elon Musk will either have Twitter or be put on trial if he isn’t.
