Tesla and SpaceX’s CEO Elon Musk opened the way for meme coin rallies with a share from Twitter.
Famous billionaire Elon Musk shared a photo for the 17th of March, which is celebrated in memory of the protective patron saint St. Patrick of Ireland, with a post on March 17.
The presence of 3 dogs in the post and the fact that the dogs are wearing hats were perceived as a signal for meme coins. The post of a dog wearing a hat for the meme coin called Dogwifhat (WIF) was considered a message, and when combined with one of the dogs being a Shiba Inu, which connects with Elon Musk’s love for Dogecoin (DOGE), the post had an impact on the cryptocurrency market.
According to CoinGecko data, with the post, the price of DOGE reached 0.16 dollars with a 6.5% increase from the 0.15 dollar levels, while WIF rose to 3.15 dollars with an increase of over 20% from 2.56 dollars. Shiba Inu (SHIB) showed an increase of approximately 5% performance.
At the time of writing, WIF is finding buyers at 2.9 dollars, SHIB at 0.0002892 dollars, and DOGE at 0.151 dollars.
