Elon Musk Dogecoin Shiba Inu Floki

Dogecoin, Shiba Inu Soar As Elon Musk Announces Twitter CEO

Elon Musk, who is still looking for a new Twitter CEO, jokingly introduced a dog as Twitter’s new CEO, causing the prices of Dogecoin, Shiba Inu and Floki to skyrocket. At press time, all three meme coins have seen significant price appreciation, with DOGE up 6.1%, Shiba Inu up 4.3%, and FLOKI up 39%.

“Twitter’s new CEO is amazing,” Musk writing, sharing a photo of a Shiba Inu dog sitting behind a desk wearing a black sweater with the word CEO on it. On the desk is a contract from Twitter, where we can see the position of “general manager”, the name “Floki” and a signature in the form of a paw print.

In a follow-up tweet, Musk also wrote, “So much better than that other guy,” to which Dogecoin creator Billy Markus replied, “Guess he was the only one crazy enough to take the job.” Musk responded to Shibetoshi Nakamoto’s comment, writing with a wink, “He’s perfect for the job.”

Elon Musk followed those tweets with two more. The first shows the Shiba Inu dog with apparent balance sheets. Musk commented, “He’s great with numbers!” The second shows the Twitter CEO in a Steve Jobs-esque outfit, with Musk adding that he’s got style.

Will Twitter’s new CEO be friendly with Dogecoin and Shiba Inu?

The tweets come at a time when Elon Musk is coming under increasing pressure from the mainstream media for his actions and outspoken stance on free speech. In December last year, Musk said he would step down as CEO of Twitter once he found someone who could keep the platform “alive”.

At the time, Musk claimed Twitter was headed for bankruptcy and the new CEO would face an uphill battle. However, despite declining ad revenue, Musk recently claimed the business was no longer in jeopardy as it was “on track to break even.”

His recent tweets could possibly indicate that Musk may have found a successor, though that’s just pure speculation at this point. The billionaire could use the Shiba Inu images as a fun way to wrap up the news before an official announcement is made.

Whether a bias towards Dogecoin, Shiba Inu or Floki was a prerequisite for the position can also only be speculated.

But it should be noted that Musk is not only pumping the price of Dogecoin with his tweets this time, but also Shiba Inu and FLOKI.

SHIB’s price increase could be because lead developer Shytoshi Kusama also responded to Musk’s tweet with a smiley face. Meanwhile, the name of the new CEO “Floki” is a welcome cause for a rally for the meme coin community.

At press time, the Dogecoin price stands at $0.0859. A daily close above the 200-day EMA (blue line) could be a bullish signal.

DOGE Price Fighting the 200 Day EMA | Source: DOGEUSD on TradingView.com

Featured image from NPR and Jaycee/Unsplash, chart from TradingView.com

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