Register
Demo
Contacts
 

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Elon Musk contributed to the creation of a new token

June, 25 2021
watermark Economic news

Tesla founder Elon Musk once again took advantage of his influence on the cryptocurrency market, leading to the creation of a new token.


In his Twitter account, Musk published a harmless post: «My Shiba Inu puppy will be called Floki.» After that, the value of the Shiba Inu token (SHIB) rose sharply – by 15%. Earlier, the cryptocurrency dropped significantly after China took a number of measures to restrict mining and trading in cryptocurrencies. Then the price of Shiba Inu fell by about 50% from a peak to a low from June 15 to 22.


Analysts believe that the coin may fully recover in the near future. The growth of Shiba Inu may even surpass the growth rate of Dogecoin.


Meanwhile, 9 minutes after Musk's publication, the Floki token was created on the Uniswap decentralized crypto exchange and its price increased by 795% per hour, to $0.000000001100.


In early May, Elon Musk wrote that he was looking for a Shiba Inu puppy. Then the cost of a token with the same name increased by 68% per hour. Later, Shiba Inu was listed by two crypto exchanges Coinbase Pro and Binance.


World-Class Trading Platform

Professional Customer Support

Best Execution

Logo

QUICK LINKS

+ 442 030 976 697
Contact Us
Feedback
twitter

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.