DOGE is one of the most popular cryptocurrencies at the beginning of this year. Although relatively new, Dogecoin is now able to compete with big names in the crypto market, such as Bitcoin and Ethereum. One of the reinforcing factors is Tesla CEO Elon Musk. In his Twitter account a few days ago, Elon Musk said Dogecoin is his favorite cryptocurrency.
and recently the Tesla founder admitted that he would name his Shiba Inu with the name Floki, this was conveyed through his tweet a few days ago, and the coin immediately skyrocketed.
from the statement above that the two coins are very dependent on elon musk in my opinion without him these two coins are just a joke.
It's not surprising that Elon tweeted about the meme coin, after his success made Doge skyrocket at the start of the year, from what I've seen Elon try his luck again with Shiba, and when you say that the two coins would just be a joke without him. an Elon it's true, no meme coin can stand on the crypto market and thrive without the encouragement of someone with a lot of influence and followers and that's pretty obvious.