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Shiba Inu, Dogecoin skyrocket as Elon Musk Reiterates Support

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Shiba Inu

Shiba Inu and Dogecoin, the crypto market’s two biggest “meme coins,” are skyrocketing today. At the time of writing, Shiba Inu, or SHIB, was up 30.2% in the past 24 hours while Dogecoin jumped by over 13%. The move follows comments by Tesla SpaceX CEO Elon Musk today at Qatar Economic Forum in Doha in which he reiterated his support for DOGE.

Techscoops gathered that the Tesla CEO said “I will continue to support Doge”.

The price of Dogecoin—which is listed as DOGE—stood at $0.06751. It is the 10th biggest cryptocurrency (again) with a market cap of $8.9 billion. Just last week, it stood in the 11th position.

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