Elon Musk Tweet Cools $DOGE Rally as Investors Buy This New Memecoin
If there’s one thing everyone has learned in the world of cryptocurrencies, it’s that tweets from Elon Musk can send shockwaves through the market. The latest example? A Dogecoin ($DOGE) surge, initially gaining momentum, hit a sudden chill during the morning hours of December 6th. This followed Musk’s statement that his AI startup xAI was not “raising money.” The announcement sent $DOGE plummeting to $0.10 on the same day, erasing gains from a 14% rally on December 5th.
As $DOGE investors grapple with the aftermath of Musk’s tweet, a fresh breeze blows through the crypto space – and its name is Galaxy Fox. Considered by many to be a good crypto to buy, it aims to establish itself alongside crypto heavyweights like Dogecoin, Shiba Inu, and PepeCoin. It’s quickly gaining attention and turning heads away from the $DOGE drama.
Elon Musk seems to have a soft spot for this dog-themed meme token. He teased $DOGE payments on Twitter, proposed it as a payment option for Twitter Blue, and even allowed Tesla to accept $DOGE payments for merchandise. Musk’s influence on $DOGE has been tremendous.
But while Musk has bolstered $DOGE many times in the past, this time around his statement about xAI not raising money seems to have affected the coin negatively, throwing a chill over its recent rally. The crypto market’s relationship with Musk’s tweets has been a rollercoaster, but it’s clear that he has a tremendous impact on the market.
While $DOGE investors might be feeling the chill, Galaxy Fox is making a name for itself as the best cheap crypto to buy right now – Galaxy Fox. It’s carving its niche in the current memecoin landscape that’s dominated by Dogecoin, Shiba Inu, and PepeCoin. It’s also looking to carve out a spot beside
