As we already know, Elon Musk, the CEO of the world’s premier electric vehicles’ company with a net worth north of $265 billion, will now add Twitter Inc (TWTR) to his portfolio.

On Monday, April 25, Twitter accepted Musk’s offer to purchase the company for $54.20 a share. The deal was valued at $54.20 per share, or about $44 billion. There are still some regulatory hurdles ahead, as well as a shareholders’ vote, but it almost seems certain Twitter will join Musk’s multifaceted empire, which in addition to Tesla includes PayPal (PYPL), SpaceX, The Boring Company, Neuralink and Open AI.

In a Monday press release, Musk said he wants to make Twitter “better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”

It’s not surprising that #twittersold is the No. 1 trending topic on Twitter Inc on the afternoon of April 26. Musk is well-known for using Twitter to share his instant moods – which are highly impactful while moving markets and making the world speculate what his next post would be. After the announcement of the deal, Musk once again advocated for free speech on the platform in his latest tweet, “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated.”

Whether for good reason or bad, that certainly means more crypto coverage on Twitter going forward as Musk’s tweets on the topic have been one of the most frequent and media-covered, while his affinity to all sorts of digitalization and decentralization is epic. In general, this is good news for all cryptos, but we know that Bitcoin (BTC), Dogecoin (DOGE) and Shiba Inu (SHIB) will certainly occupy special positions.

Dogecoin, the original meme asset, was based on the 2013 Internet meme doge, a proxy for the inventor’s beloved pet, and was created in the same year. It gained some relevance last year after the Tesla CEO endorsed it and continued hyping the cryptocurrency on social media, at one point hinting that he picked the coin to build an adulthood estate for his son. He’s also claimed to have worked with Dogecoin developers on bettering its network, and has attributed his support of it to feeling that it’s the “people’s crypto.”

Since then, Musk has spoken in support of Dogecoin and other cryptocurrencies numerous times. In many instances, his tweets have impacted the prices of the cryptocurrencies of interest. Although Dogecoin substantially trimmed its first-minute gains thereafter, initially, the memorable logo bearing crypto jumped as much as about 27% after the announcement that Twitter would be purchased by Elon Musk.

Musk’s 2021 crypto-related tweets are recognized to have fueled one of the most breathtaking price actions in the cryptocurrency universe – the one of DOGE. The token started 2021 at roughly $0.005 but grew more than 2,780% to reach $0.139 at time of publication. Many of the Tesla CEO’s memes and bullish opinions of DOGE have preceded a price surge.

In its turn, Shiba Inu is also doing comparatively well. As in the year 2020, Shib is under the spotlight after representing as the ‘Dogecoin Killer’ and it became top crypto investment in the year 2021. Here, for some time, SHIB has also outperformed DOGE and also has entered the list of best 10 cryptocurrencies. Ethereum whales regularly stake up the SHIB investments for yielding exorbitant profits while the cryptocurrency also hit new highs after the dip dive earlier in winter months. In the year 2021, Shiba Inu also soared by a whopping 45,000,000%. Therefore, one should not ignore that once there are more signs of Musk giving air for the token, investors might flock once again to buy SHIB tokens en masse.