Kriptomat
Prices
  • Live crypto prices
  • All Prices Over 300+ cryptocurrencies
  • Gainers & Losers Find investing opportunities
  • Recently Added Newly added tokens to Kriptomat
  • What if I bought 100 € worth of... ...today it would be worth
Learn
Products
  • Build Portfolio
  • Buy and Sell crypto Buy 300+ cryptocurrencies
  • Exchange Crypto Over 1,000 pair options
  • Intelligent Portfolios Smart way to invest in crypto
  • Kriptomat Wallet A secure and simple crypto wallet
  • Investment Explorer Find your crypto strategy
  • TRACK AND ACT
  • Price Alerts Real-time price updates for your favorite tokens
  • Explore Assets Discover investment opportunities
  • Portfolio Analytics Smart insights for optimal performance
  • GROW PORTFOLIO
  • KriptoEarn Earn rewards on your crypto
  • Vault Save crypto for your future
  • Recurring Buy Regularly scheduled investments (DCA)
  • DeFi and Web3
  • Decentralized Exchange (DEX) Buy & swap hundreds of tokens from DEXs
  • Web3 Wallet Buy, collect Crypto and NFTs with WalletConnect support
  • Web3 Gaming Wallet Playing Web3 games has never been more simple!
  • Web3 Directory Explore Kriptomat user’s favourite dApps
Language
Currency
  • Deutsch
  • Eesti
  • English
  • Español
  • Français
  • Hrvatski
  • Italiano
  • Latviešu
  • Lietuviškai
  • Magyar
  • Polski
  • Português
  • Română
  • Slovenčina
  • Slovenščina
  • Srpski
  • Svenska
  • Türkçe
  • Čeština
  • Ελληνικά
  • Български
  • € EUR
  • $ USD
  • £ GBP
  • лв. BGN
  • Kč CZK
  • ft HUF
  • zł PLN
  • kr SEK
  • ₺ TRY
  • fr. CHF
  • kr NOK
  • L RON
  • kr. DKK
Login login_button Register Get Started
/
No results

Try adjusting your search

Login Get started English / Eur
Language
  • Deutsch
  • Eesti
  • English
  • Español
  • Français
  • Hrvatski
  • Italiano
  • Latviešu
  • Lietuviškai
  • Magyar
  • Polski
  • Português
  • Română
  • Slovenčina
  • Slovenščina
  • Srpski
  • Svenska
  • Türkçe
  • Čeština
  • Ελληνικά
  • Български
Currency
  • € EUR
  • $ USD
  • £ GBP
  • лв. BGN
  • Kč CZK
  • ft HUF
  • zł PLN
  • kr SEK
  • ₺ TRY
  • fr. CHF
  • kr NOK
  • L RON
  • kr. DKK
Learn| News & Trends |Market Updates

Tweeted Puppy Pic Boosts Crypto Price

tweeted puppy pic boosts crypto price
14. 09. 2021

14 September 2021

Crypto market maker Elon Musk is at it again.

The exuberant billionaire’s support of Bitcoin coincided with the market rally that led to record prices across the crypto world last spring. A tweet expressing concern over the environmental impact of Bitcoin mining happened at about the same time the coin’s price plummeted.

It’s all part of the outsized influence celebrities wield over the crypto market through casual posts on social media.

Last March, Musk announced that his enthusiasm for Dogecoin had led him to adopt a Shiba Inu puppy of his own. Dogecoin prices soared. When Musk disclosed that his dog would be named Floki, it took only days for meme coin makers to launch the Floki Inu coin.

Now Musk has tweeted a photo of the puppy.

tweeted puppy pic boosts crypto price

The price of the meme coin quickly doubled.

The effects of the photo proved to be short-lived. Floki Inu’s price dropped within a day to about five percent higher than the figure before Musk’s tweet.

It’s a fun story and Musk’s puppy is undeniably cute, but there’s a serious point to be made about the influence of social media influencers over crypto prices. Celebrity tweets are wildcards that disrupt the ordinary laws of supply and demand, creating dramatic short-term volatility in a field that was plenty volatile, to begin with.

NOTE

This text is informative in nature and should not be considered an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, and past returns are not a guarantee of future returns. Risk only assets that you are willing to lose.

Crypto Basics Finance & Investing News & Trends
Related articles
Kriptomat Adds GBP Support in the United Kingdom
Crypto Regulation in Estonia Is About To Change and Will Affect Service Providers
NFT Boom Accelerates
Doing Good With Crypto
A World Tour of Crypto Adoption
Related articles
what is cryptocurrency harmony and how does it work?
What is cryptocurrency Harmony and how does it work?
Although the overall functionality and application of blockchain technology and decentralization have long been established, scalability still poses a problem for numerous blockchain-based platforms. Inability to scale makes congestion a common problem that some blockchain projects promise to solve.
what is cryptocurrency nano and how does it work?
What is cryptocurrency Nano and how does it work?
Nano (NANO) was one of the first cryptocurrencies, or altcoins, that joined the market to address the shortcomings of the Bitcoin network and BTC. Nano was first presented under the name RaiBlocks (XRB) in 2014. It was later rebranded to Nano (NANO) and became one of the top blockchain environments when it comes to transaction times and network speed.
how to deposit funds into your kriptomat account
How To Deposit Funds Into Your Kriptomat Account
When you’re ready to start building a portfolio, you’ll need funds so you can purchase crypto coins and tokens. To fund these transactions, you instruct your bank to make a wire transfer to your Kriptomat account. Here's how it is done.

Manage your portfolio –
wherever you are

Use the website or download our safe and secure mobile app today.

Get started Download the app
footer-logo
X TikTok YouTube LinkedIn
  • €EUR
    • €EUR
    • $USD
    • лв.BGN
    • KčCZK
    • ftHUF
    • złPLN
    • krSEK
    • ₺TRY
    • fr.CHF
    • krNOK
    • LRON
    • kr.DKK
  • English
    • Deutsch
    • Eesti
    • English
    • Español
    • Français
    • Hrvatski
    • Italiano
    • Latviešu
    • Lietuviškai
    • Magyar
    • Polski
    • Português
    • Română
    • Slovenčina
    • Slovenščina
    • Srpski
    • Svenska
    • Türkçe
    • Čeština
    • Ελληνικά
    • Български

Company

  • About
  • Blog
  • Careers
  • Impressum
  • Contact
  • Legal & Security
  • Fraud prevention

Businesses

  • Corporate accounts
  • Kriptomat GameFi

Resources

  • Help Centre
  • System Status
  • Complaints
  • FAQ
  • Live Crypto Prices
  • Live Bitcoin Price
  • Live Ethereum Price
  • Live Solana Price
  • How To Buy Bitcoin (BTC)
  • How To Buy Ethereum (ETH)
  • How To Buy Solana (SOL)

Other

  • Ambassador program
  • Affiliate Program
  • Referral Program
  • Bug Bounty
  • Fees and Limits
  • Supported Countries
  • Supported Actions
 
Financial Intelligence unit INATBA Eeasti Digivara Liit ISO 9001 ISO 27001 ISO 37001 ISO 37301
Kriptomat © 2025
Choose your platform
Kriptomat IOS appIOS Kriptomat Andodid appAndroid
Scan the QR code to download the app
The easiest way to buy Bitcoin, Ethereum, Shiba Inu and 240+ cryptocurrencies with different payment methods.