On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
The price of the Shiba Inu token rose 300% in the hours following Musk’s tweet.
Though the price of Dogecoin (DOGE) surged over the weekend to surpass $0.06 again, this time another token based on a cuddly canine benefited from the hype around Elon Musk’s social media posts.
In a Saturday night tweet, the Tesla CEO said he would be getting a Shiba Inu dog for his household. The dog — whose breed is native to Japan — was at the center of the popular meme on which Dogecoin was based in 2013. The meme features the dog looking into the camera with a seemingly confused expression as floating text represents its inner monologue.
Though Musk’s tweets have likely contributed to the price of DOGE reaching an all-time high of more than $0.08 earlier this year, the token price seemingly didn’t flinch to the billionaire’s acquisition of a new family pet. The Tesla CEO may have been joking, or could also have been referring to Shiba Inu (SHIB), a different token project.
According to data from CoinGecko, the price of SHIB rose 300% in the hours following Musk’s tweet:
Musk’s social media activity may be partially responsible for moving the price of DOGE in 2021. Though the Tesla CEO also composed a series of Dogecoin-themed tweets yesterday, the token price didn’t take off as it did in early February, having risen only 4.6% in the last 24 hours. However, the price of SHIB set a new all-time high of $0.00000008 before retreating to $0.00000005.
It’s unclear whether the billionaire intends to add a Shiba Inu to his family, or if the tweet was another attempt to pump the price of certain tokens. Musk has previously said he has “a big dog called Gatsby, a little dog called Marvin the Martian and a cat named Schrödinger.”
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