Dogecoin and Floki, two dog-themed cryptocurrencies associated with Elon Musk, experienced significant price gains on Monday, coinciding with Musk’s interview of former President Donald Trump on his social media platform X. The surge highlights the speculative nature of memecoins and their susceptibility to celebrity influence.
Kabosu, the iconic Shiba Inu behind the famous “doge meme” and the face of Dogecoin cryptocurrency, passed away recently. News of her death was announced by her owner, Atsuko Sato, who shared that Kabosu battled chronic health conditions in her later years. Dogecoin creator Billy Markus also paid tribute to Kabosu, acknowledging her significant impact on the cryptocurrency community.Elon Musk, recently acquired the micro-blogging platform, expressed his condolences on X (formerly Twitter), stating “Rest in peace”. Netizens requested that Musk change the X logo to Kabosu’s photo in her honor, a request that has not yet been fulfilled.
Kabuso, the Shiba Inu who became the face of the popular ‘Doge’ meme, has passed away at the age of 17. Her owner, Atsuko Sato, announced the sad news in a blog post, stating that Kabuso passed away peacefully ‘as if asleep’ while being caressed. A farewell party for Kabuso will be held in Nara City, Japan, on Sunday, May 26th, from 1 pm to 4 pm.
Dogecoin (DOGE) has experienced a 6% increase over the past week, sparking discussions among analysts. Sir Doge, a prominent Dogecoin supporter, posted a video implying X’s potential to enable Dogecoin payments, connecting it to Tesla, SpaceX, and X as payment acceptors. Meanwhile, crypto analyst CrediBULL Crypto plans to short Dogecoin, citing technical chart analysis. The analyst expects a price drop to $0.04 to $0.05, possibly occurring within the next four to five months.
Dogecoin creator Billy Markus recently posed a hypothetical question: if given $1 million to invest in gold, Bitcoin, the S&P 500, or real estate for 10 years, which would you pick? While Markus didn’t reveal his personal choice, a poll showed Bitcoin as the favorite among investors. Despite its lack of inclusion in the poll, Dogecoin’s playful origins and Markus’ minimal Bitcoin holdings hint at his preference for caution.
