The knock off dogecoin named after Elon Musk’s dog started trading on Sunday. Over the past 24 hours it has increased in value by 2,400 percent. Whoever said dogs are a man’s best friend was right! Floki, Musk’s dog, is a Shiba Inu, the same dog which serves as the dogecoin mascot. Not only is a dog themed coin named after his pup, but Baby Doge was promoted by Musk as well. Seems to me the CEO has a type. Critics say that Musk’s habit of sending cryptocurrencies flying presents is a risk to investors.