Dogecoin (DOGE), Shiba Inu (SHIB), and Chronoly.io (CRNO): Elon Musk’s Favorite Cryptocurrencies

The world’s richest man, Elon Musk, hasn’t shied away from giving his opinion on crypto. He famously allowed Tesla to accept Bitcoin (although he did renege on this promise, citing climate concerns). However, his most famous involvement in crypto is his many tweets around Dogecoin (DOGE), which sent DOGE surging over 10,000% in 2021.

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Today, we’ll take a look at the two tokens on Elon Musk’s mind: Dogecoin (DOGE) and Shiba Inu (SHIB), but we will also look at a pre-sale gem Chronoly.io (CRNO) that has surged 690% over the last couple of months.

Dogecoin (DOGE) fans love Elon Musk

Dogecoin (DOGE) was initially launched as a joke in 2013, but its developers quickly began working on the blockchain behind DOGE, eventually making it faster and cheaper than Bitcoin. This kept DOGE going, but it was always regarded as a meme token.

Fast forward to 2021, when Elon Musk began posting about Dogecoin (DOGE) on his Twitter account after many called on him to support the token, he posted Dogecoin (DOGE) memes, talked about mining DOGE with his kids, and said SpaceX would put a literal Dogecoin on the moon.

All of this hype from his closely-observed Twitter account led to a massive rally. When he tweeted about putting DOGE on the moon on April 1st, DOGE hit a high of $0.071. Just one month and a week later, DOGE peaked at $0.74 – nearly a 950% increase. It’s expected another Elon tweet could send DOGE soaring once again.

Shiba Inu (SHIB) fans patiently wait for another Floki tweet

While Elon Musk hasn’t tweeted about Shiba Inu (SHIB) specifically, we know that he owns a Shiba Inu dog. And when he posted a picture of his Shiba Inu, Floki, on October 4th, this was the catalyst for SHIB to rocket.

That cruciall October day saw SHIB rise from $0.00000820 to $0.00008854 – a 970% increase in just 24 days, peaking on October 28th. However, since then, SHIB has declined to trade for $0.000012. Given SHIB’s position as the #2 meme token,…