Elon Musk welcomes new pet Shiba Inu 'Floki'; value of Dogecoin cryptocurrency surges

Tech-billionaire Elon Musk on Sunday, September 12 announced the arrival of his new Shiba Inu puppy on Twitter. Taking to the social media platform, the Tesla CEO shared a picture of his new pet dog named 'Floki' sleeping soundly on a rug. Musk captioned the post as 'Floki has arrived.' Not only is Floki the same breed as Musk's favourite bitcoin currency- Dogecoin, but his arrival has once created a storm in the cryptocurrency market. Shortly after the SpaceX CEO shared the image of his little Shiba Inu pup, Dogecoin shares once again surged in the crypto market. 

Elon Musk & Dogecoin

Created in 2013, Dogecoin came into existence as a joke centred around a meme featuring a Shiba Inu dog. The celebrity businessmen is known for openly supporting Dogecoin which has over time built a strong community of followers. Musk had earlier admitted that he was impressed with the coin’s 8,000% gain over the last year. He is also fondly dubbed by his fans as 'Dogefather'.

Eager to see the Shiba Inu's arrival, netizens congratulated Elon Musk and shared a storm of memes for their 'Dogefeather', a term which had now become reality. A netizen even asked for a picture of Floki and Marvin (Musk's other dog) together, however, the tech billionaire revealed that they weren't friends yet. 

The price of Dogecoin and its subsequent spin-offs such as Baby Doge Coin have surged in the crypto markets after the arrival of Floki. Dogecoin recorded a +0.36% change in the last 24 hours, while Baby Doge Coin recorded a +1.80% in the last 24 hours according to CoinMarketCap.

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