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Altcoins
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July 3, 2021

Obscure Altcoin Erupts 127% After Sudden Crypto Shout-Out From Elon Musk

By Daily Hodl Staff

A new Dogecoin spinoff more than doubled in price after Tesla CEO Elon Musk gave the altcoin a shout-out on Twitter.

Musk has become a primary influencer of cryptocurrency moves in recent months, as price volatility spikes often follow his tweets about various coins.

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On Thursday, Musk once again turned his attention to crypto, sharing a meme with his 57.7 million followers on Twitter, calling to “Release the Doge!”

Just an hour after the initial tweet, Musk followed up with a more direct Baby Doge Coin (BABYDOGE) shout-out in a playful twist on the kid-friendly musical YouTube sensation Baby Shark.

“Baby Doge, doo, doo, doo, doo, doo,

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Baby Doge, doo, doo, doo, doo, doo,

Baby Doge, doo, doo, doo, doo, doo,

Baby Doge”

Shortly after the tweet, BABYDOGE soared 127% from a low of $0.000000000916 to a high of $0.000000002088, according to CoinGecko

Baby Doge Coin, which runs on Binance Smart Chain, claims to be birthed by fans of the Dogecoin community.

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“Baby Doge seeks to impress his father by showing his new improved transaction speeds and adorableness. He is hyper-deflationary with an integrated smart staking system built in so more baby doge are being added to your wallet. Simply Love, pet, and watch your baby doge grow.”

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Featured Image: Shutterstock/GrandeDuc