- DOGE worth rallied 5 p.c quickly after its Shiba Inu canine mascot featured in a drone show throughout an occasion dubbed “Cyber Rodeo” on the launch of Tesla’s gigafactory.
- The memecoin market is heating up as battle erupts between Dogecoin (DOGE) and Shiba Inu.
The world’s richest man Elon Musk is as soon as once more behind the brief pump within the DOGE worth earlier at the moment. The DOGE worth surged 5 p.c transferring previous $0.152 after a canine mascot made a shock attendance in the course of the launch of Tesla’s new gigafactory.
Dogecoin’s Shiba Inu canine mascot featured in a drone show throughout an occasion dubbed “Cyber Rodeo” on the launch of Tesla’s gigafactory. Nicely, this was sufficient to drive the worth of DOGE to the north.
Tesla chief Elon Musk had beforehand stated that the launch occasion may become “the largest play on the earth”. In the course of the “Cyber Rodeo” occasion, a bunch of neon-lit shows had been lit with autonomous drones making a light-weight present within the sky.
CROWD GOES CRAZY as Elon Musk makes GIANT Dogecoin canine within the sky throughout Cyber Rodeo at Giga Texas! pic.twitter.com/5g9SGctK6Q
— Matt Wallace (@MattWallace888) April 8, 2022
After launching its gigafactory in Berlin, Germany, Tesla introduced one other one in lower than two weeks, this time in Texas, U.S. The electrical automaker now has a complete of six gigafactories throughout the globe.
Nevertheless, the beneficial properties haven’t sustained for lengthy. As of press time, DOGE has dropped as soon as once more and is buying and selling at adverse 0.57 p.c at a worth of $0.14.
Elon Musk has been one of many greatest proponents of Dogecoin (DOGE) and can also be partly chargeable for organising a large craze round meme cryptocurrencies. Final 12 months, DOGE had a significant bull run by turning into one of many prime ten cryptocurrencies.
The battle of memecoins
Undoubtedly, Dogecoin (DOGE) has been one of many top-performing memecoins and in addition the most important by market cap. Nevertheless, it was challenged final 12 months by rival Shiba Inu (SHIB). The SHIB memecoin had registered a powerful rally within the second half of 2021 turning into buyers’ favourite.
It additionally managed to seize the limelight away from DOGE away for a couple of months. Now, within the battle to realize supremacy, Shiba Inu is betting on the Metaverse. Dubbed Shiberse, Shiba Inu’s Metaverse will characteristic 100K land plots which may have Ether (ETH) as a land pricing token.
Shiba Inu has launched an in depth information as to how customers in its Metaverse will be capable to purchase land plots. Nevertheless, the Dogecoin founder has lashed out at Shiba Inu calling its Metaverse mission simply one other ploy to earn cash with no utility. In a tweet final month, Dogecoin (DOGE) founder Sibetoshi Nakamoto stated:
How is making a random metaverse and promoting faux land with Ethereum including utility to their mission. I imply no matter if individuals wanna give the devs much more cash go forward but when i used to be a shib holder i might be irritated.
In different information, the Dogecoin founder has proven curiosity in having a DOGE tipping characteristic on Twitter. This occurred after Twitter launched the Ethereum tipping characteristic on its platform.