--- title: "Elon Musk Tweets About Dogecoin Knockoff, Sending It Skyrocketing" description: "After months of hyping up alternative cryptocurrency, Elon Musk tweeted about Baby Dogecoin. Read what the tweet could mean here." date: "2021-07-02" modified: "2021-07-07" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/the-byte/elon-musk-baby-doge" categories: - "Blockchain" - "Cryptocurrency" - "Elon Musk" - "Future Society" - "The Industrialists" tags: - "cryptocurrencies" - "dogecoin" - "elon musk" - "the digest" --- # Elon Musk Tweets About Dogecoin Knockoff, Sending It Skyrocketing !["Baby Doge, doo, doo, doo, doo, doo," the billionaire wrote in a Thursday tweet, a song presumably about the synonymous alternative cryptocurrency.]() *\Image: Baby Doge/Futurism\* ## Baby Doge After months of hyping up alternative cryptocurrency [Dogecoin]() on Twitter, Tesla CEO Elon Musk appears to have adopted his next shiba — figuratively speaking, that is. "Baby Doge, doo, doo, doo, doo, doo," the billionaire wrote in a Thursday tweet, a song presumably about the synonymous alternative cryptocurrency, seemingly arranged to the tune of the hit children's song "Baby Shark." According to [babydogecoin.com](), the token is a "new crypto birthed by fans and members of the Doge Coin \[sic\] online community." "Baby Doge seeks to impress his father by showing his new improved transaction speeds and adorableness," reads the site. Does this mean Musk is ready to move on from his beloved Dogecoin? As always, it's nearly impossible to gauge the billionaire's current interests or motivations. What's more likely, however, is that Musk got bored and is looking for a new puppy to play with. ## Improved Efficiency There's also a decent chance that Baby Doge is the result of Musk's own efforts. In May, [Musk tweeted]() that he is "working with Doge devs to improve system transaction efficiency. Potentially promising." The CEO previously sent Dogecoin on a rollercoaster ride, causing the token to [spike to new highs]() prior to an appearance on "Saturday Night Live" last month. The token [came crashing back down]() shortly after. Baby Doge has some ways to go to catch up with its "father." The nascent token is trading at around $0.000000001662 at the time of writing, according to [Coingecko.com](). That may not sound a lot, but its value has soared over 450 percent over the last two weeks, according to the website. Dogecoin, in contrast, is hovering at [around $0.24](). Musk hasn't given up on Dogecoin just yet, either. After the Baby Doge drama, the billionaire [posted a meme]() about a young man ignoring the affections of a group of women to check in on the price of Dogecoin, which had spiked anew after Musk [tweeted a meme]() about it the previous day. **READ MORE:** [A dogecoin spinoff called baby doge doubled in price following an early-morning tweet from Elon Musk]() \[*Insider*\] **More on Dogecoin:** [*Elon Musk Says He’s Broken Up With Cryptocurrency*]() ## Author I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida. ### Author social links [Bluesky]()