Memecoins like Dogecoin and Floki Inu increased in price following a new tweet from Elon Musk.
The report also highlighted the dominance of meme coins and crypto platforms in search trends this year.
Recently, he expressed that he will keep on buying the meme cryptocurrency Dogecoin.
Despite facing a lawsuit, Musk boldly tweeted that he will still support and buy DOGE, which spiked by nearly 10% after his tweet..
Twenty-four hours after Musk’s tweet on June 19, the value of Dogecoin increased by 8.5%.
The petitioner seeks $86 billion in damages and an additional $172 billion for the losses incurred for trading dogecoin from 2019.
Dogecoin, ApeCoin, Stellar, Avalanche, and Algorand will be added in the Maya app.
Get to know the five coins that have launched in PDAX – MATIC, ADA, DOGE, DOT, and AVAX.
Further, the meme coin’s supporters have also been making noise in Twitter by using hashtags such as— #SHIBARMY #ShibaSwap #shibainu #shibainucoin, and #SHIB — to rally support for SHIB.
The team behind Dogecoin, the king of meme coins which was founded in 2013 is now coming back to support core developers and projects which will benefit the whole meme-coin ecosystem. Further, Vitalik Buterin and Elon Musk are also onboarding as its new board members.