Social media platforms are known to help the popularity of cryptocurrencies, and the same goes for celebrities. But what if you combine the two? Let us see how Elon Musk’s Favourite coins are now thriving.
Understand The Volatility Of Crypto
Investors are losing their trust on real-world currencies, as these are tied to weak economies, and have now turned to crypto.
Despite the more profitable personality of the crypto market, it can suffer with volatility. The reality is: only beginner investors show some concern with the sudden price changes that cryptocurrencies experience while expert investors know this can benefit their revenue positively.
This is because, when the market is red and down, you can buy crypto at a cheap price and sell for higher when the price value rises.
But once the market goes green, you can profit from investing in presales. This is another amazing tactic to get the best crypto prices and as timing is key when investing in crypto, do not overlook presales.
Start maximising your profits and rewards today.
Elon’s Meme Coins and Presales
DOGE is a peer-to-peer open-source digital currency that was forked from Litecoin (LTC). Launched in 2013, this crypto currency takes inspiration from the viral “doge” meme and as such, it is considered an altcoin and a sarcastic meme coin.
Meme coins are as successful as the meme itself and DOGE has proved its profitability over the years. After its launch, it had relatively little value as the world of crypto developed into the money-making sphere it is today.
Dogecoin is one of the top ten biggest cryptocurrencies by market cap and despite the recent volatility that negatively affected the market, the price of DOGE is up nearly 14% after spiking to 14 cents on Monday (April 25th).
Elon Musk often promotes Dogecoin on social media and whenever he makes headlines, so does the coin.
The Billionaire has been a strong supporter of DOGE and his company, Tesla began accepting dogecoin for merchandise purchases on the company’s website.
Musk continues to advocate for Dogecoin and has called himself the “Dogefather” on twitter, since April 2021. Similarly, in December 2021, the price increased 33% from about 16 cents to 21 cents after broadcasting the coin on twitter.
Shiba Inu (SHIB)
Similarly, the project was created as ‘an experiment in decentralised spontaneous community building’ and has, since then, stood out from its competitors.
Shiba Inu was created in 2020 and is known on social media as “Dogecoin Killer” as they are both meme coins that keep showing extreme levels of success.
The SHIB Token has quickly gained value after a community of investors was drawn to the meme coin after it was paired with headlines and tweets from Elon Musk.
The XMU Token holds all governing functions in the Mushe Ecosystem. This crypto is a decentralised currency that allows peer-to-peer interaction, rewards, and governance utility and provides liquidity to its exchange.
Although token holders can purchase fractional ownership of Mushe facilities and assets, there are plenty other benefits of the Mushe Ecosystem include:
- Mushe DeFi for investing in voting, playing the lottery and other rewards programs.
- Mushe Wallet allows users to buy, and exchange crypto coins.
- Mushe Chat is a social platform that prohibits third parties from accessing the personal information of investors.
The network has plans to invest greatly on their metaverse presence and NFTs. This should include a Mushe Verse which is a place to socialise, play and earn in the Metaverse ecosystem and a Mushe Metabank, where investors can use XMU to buy and sell a range of Metaverse products.
Their NFTs are included in the networks’ Mushe NFTs and represent ownership of Mushe services and are purchased with the XMU Token.
The best time to invest is now as the XMU Token is currently in its presale stage, allowing you to get this coin for a premium price until July 4th.