Twitter’s Elon Musk has a complicated relationship with Dogecoin (DOGE). The latest replacement of the Twitter birdie with Dogecoin (DOGE), and then the unannounced return of the birdie, is another chapter in a complicated story. While the move has affected the prices of Dogecoin (DOGE), it has also impacted Shiba Inu (SHIB) and TMS Network (TMSN) in different ways.
Elon Musk & Dogecoin’s (DOGE) On-Again-Off-Again Relationship
Dogecoin (DOGE) owes its fame to Elon Musk. Musk’s tweets made a serious asset out of a crypto joke. Dogecoin (DOGE) shot to stardom after Elon Musk mentioned it. Later, news emerged that Elon Musk is distancing himself from crypto, focusing on Artificial Intelligence as the next big thing in tech. Dogecoin (DOGE) reacted badly to the news, and its price fell.
Recently, Dogecoin (DOGE) again hit the headlines when Elon Musk replaced the iconic Twitter birdie logo with Dogecoin (DOGE). The price of dogecoin (DOGE) surged to $0.1 and stayed in that vicinity for the time Dogecoin (DOGE) was Twitter’s logo. However, in keeping with his never-ending surprises, Elon Musk kicked out Dogecoin (DOGE) and returned Twitter’s home button to the little birdie, sending the token tumbling down to $0.083, and it’s still falling.
Another Hit for Shiba Inu (SHIB)
Shiba Inu (SHIB) has been consistently falling since last month. From $0.000015, it has fallen to $0.000011. Shiba Inu (SHIB) is a meme coin like Dogecoin (DOGE) and another crypto heavily influenced by Elon Musk.
Given that it’s a meme coin, Shiba Inu (SHIB) does not have any valuable use case. It is only used as a method of transaction. In the past few months, Shiba Inu (SHIB) developers have tried to make multiple upgrades. However, Shiba Inu’s (SHIB) price does not seem to be improving.
Shiba Inu’s (SHIB) value moves with signals from Dogecoin (DOGE), Elon Musk, and general market sentiment. At this point, all these signals are negatively impacting Shiba Inu (SHIB). So, its price has nosedived, and there seems to be no upside to the token in the near future either.
TMS Network (TMSN) Stays Resilient
TMS Network’s (TMSN) demand has been on the rise since its presale started. The decentralized exchange has been hogging the crypto discussions because of its innovative approach to blockchain trading. TMS Network (TMSN) allows both traditional traders and crypto traders to use the DEX by offering trading services in multiple asset classes, including cryptocurrency, CFDs, forex, and equities.
The stage 1 presale of TMS Network (TMSN) had investors pouring $500,000+ into the crypto at $0.025. The recently concluded stage 2 presale was not affected by the drop in cryptos like Dogecoin (DOGE). It was even more successful than the stage 1 presale and raised another $3.5 million in funding. Its price rose by 100% to reach $0.05.
TMS Network’s (TMSN) resilience to negative market news shows the integrity of the coin and the investor’s trust in the token. Experts believe this will further push the price of TMS Network (TMSN). It is expected to create returns of 5000% for its investors within the weeks following its launch.
For more information on TMS Network (TMSN), follow the links below:
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
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