Just Another Ripple Effect from Elon’s Immature Tweet
The rate at which Elon Musk tweets irresponsibly towards Shitcoin is outrageous. He makes and give coins with no use case free promotion, making other coins with use case look stupid and irrelevant. Imagine working so hard to create a project that will make the world a better place, and you get outperformed by a meme coin. He has done this with Dogecoin, cum rocket and now BabyDoge coin.
BabyDoge just like every other meme coin is a knock off Shitcoin of Dogecoin with no use case probably not up to 2 months old. The coin is supposed to be the baby of dogecoin. This coin was built on the Binance SmartChain technology.
Elon Musk’s last week tweet drew the general public’s attention towards baby doge. With a remixed reference of the famous baby shark song. This made the price of BabyDoge to rise roughly 130%. Nobody knows if that tweet was a deliberate tweet to promote BabyDoge or just a coincidence. But the Elon’s effect wore off after sometime as the price of the coin has gone down.
Just like every other shitcoins it looks like a Ponzi scheme. The only way to make a lot of money from this sort of investment is to get in early before Elon musk tweets about it. The coin has had a 500% increase since its launch date.
Posted Using LeoFinance Beta
For what it's worth, he didn't shill the coin. He's just shitposting like everyone else.
If a bunch of suckers throw money because of a dumb ass tweet like that and lose money in the process, that's on them.
Posted Using LeoFinance Beta
It is high time people wake us from their slumber and decide what they want on their on and not been play around by just a tweet of one mab
Well he is a man with high influence he has to be responsible