A Christmas Day Update for Dogecoin And Shiba Inu – Tesla Motors (TSLA)

The recent market crash showed that cryptocurrencies like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) is in recovery.

SHIB stock is up 20% last week and is trading at $0.00003750 at the time of writing. It’s down 1.0% in the last 24 hours.

Shiba Inu, known as the Dogecoin killer, has been undergoing a continuous development process over the past few months, even as the price of the cryptocurrency has plummeted.

Shibarium is a tier 2 solution proposed by Ryoshi, the creator of Shiba Inu Coin.

Meanwhile, the DOGE is up more than 11% in the past seven days. It is trading at $0.189948 at the time of writing. It is up 1.1% in the last 24 hours.

A recent tweet going back to Christmas 2020 shows that the price of the Doge is up 4,625% on Christmas this year.

The Dogecoin Foundation recently announced its roadmap for 2022 including a redesign of its website, and the launch of a dedicated wallet for retailers to easily prepare DOGE payments.

Tesla Corporation (NASDAQ: TSLA) Chief Executive Officer Elon MuskA recent tweet about Dogecoin gave crypto price a boost.

in a Twitter Subject, Musk responded to a tweet by Billy Marcus, co-founder of Dogecoin, in which Marcus wrote: “My goal is to build things, make money and have fun. I used to start the company and I don’t really see any meaningful disconnect with it ~Bitcoin gives power to the new rich.”

Musk replied, “That’s why I’m a Doji supporter.”

In October, Musk revealed why he decided to support Dogecoin. “A lot of the people I’ve talked to on the production lines at Tesla or building rockets at Spacex own a Doge. They are not the financial experts or the tech experts in Silicon Valley. That’s why I decided to support Doge — it felt like crypto people,” he explained.

Related link: Chart Wars: Why Ethereum Classic’s Dogecoin Bullish Trends Could Rebound Over the Weekend