Shiba Inu, Dogecoin… Extreme Crypto Volatility: Musk Reveals His Buys By Investing.com

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By Laura Sánchez

Investing.com – Everyone remembers when Elon Musk, CEO of Tesla (NASDAQ :), boosted the value of the cryptocurrency rankings by tweeting a picture of his dog in his car.

Just as the tycoon can skyrocket the value of a crypto, he can also sink it. And he has already given examples of this. The last one, his confession this morning (Spanish time) that he does not own any Shiba token. This caused at that time a collapse of the asset of 15% from its historical maximum reached yesterday Sunday. Bloomberg.

Shiba, which had appreciated 400% in the last month, came to occupy the 11th position in the ranking of the largest cryptocurrencies.

At this time, however, the token recovers and records notable gains. At the moment, Shiba Inu is ranked number 13 in the crypto ranking.

Musk, already famous in this market for his commitment to social networks, added that he had bought, and Dogecoin. “That’s it,” he said.

At this time, Dogecoin rises to number 9 in the ranking of cryptocurrencies with increases close to 2 digits. Ethereum and Bitcoin are moving at flatter levels.

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Follow the evolution of the main cryptocurrencies here: https://es.investing.com/crypto/currencies

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Shiba Inu, Dogecoin… Extreme Crypto Volatility: Musk Reveals His Buys By Investing.com