Tesla CEO Elon Musk used his Shiba Inu dog in the advertising content prepared for the newly introduced Robotaxi product. 
$0.108333 It got the community excited again. The Shiba dog sitting in the front seat of the vehicle during the live presentation caused enthusiasm in the Dogecoin community.
Using Shiba Inu in Robotaxi Promotion
At the “We, Robot” party held for Tesla customers, Musk showed off a fully autonomous Robotaxi prototype. In the advertising video, a Shiba Inu dog sitting in the front seat of the vehicle attracted attention. This visual element created a strong connection to the origins of Dogecoin, a meme-themed cryptocurrency.
Elon Musk was asked about the inclusion of Shiba Inu in the Robotaxi promotion from the official X account of the Dogecoin community. DOGE price rose approximately 2% following these announcements. At the time of writing, DOGE is above $0.11 with a 7% increase.
Dogecoin Latest Status
In the Memecoin market, Dogecoin is a leader among short-term investors. According to on-chain analysis firm IntoTheBlock, Dogecoin is seeing much higher transaction volumes compared to rivals such as Shiba Inu and Pepe. In the last week, Dogecoin has added more than 110,000 active investors.
“Short-term investor activity plays an important role in memecoins, and DOGE is ahead in this space.” – IntoTheBlock
Musk’s stance on cryptocurrencies has had an impact on various markets. His speech at the recent Donald Trump rally led to a spike in MAGA prices. Such events show that cryptocurrency markets are responsive to technology innovations and testimonials from celebrity backers.
Along with the Robotaxi introduction, Musk’s announcement of more than 50 Cybertruck Robotaxi emphasizes that Tesla is gaining momentum towards an unmanned transportation system. These vehicles, which have no steering wheel or pedals, are completely self-driving. People will even be able to buy these taxis and make money by operating them. Musk’s humanoid robot also made an ambitious entry into the markets yesterday with its potential in matters such as housework and caregiving.
Dogecoin’s increasing popularity and growth in the market continues to be supported by Musk’s latest advertising push. These developments provide important indicators in terms of the future performance of meme coins and their impact on the overall cryptocurrency market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
