Shiba Inu Hits All-Time High After Elon Musk Tweets
On October 24, Shiba Inu, a cryptocurrency inspired by Dogecoin, saw an all-time high. Although Elon Musk doesn’t personally own the cryptocurrency, he frequently promotes it on Twitter. Despite this, supporters have been sniping at one another. The poem has unclear meaning, so it’s unclear if Musk actually owns any SHIB tokens. However, his Twitter feed is a mix of Monty Python sketches and memes. He’s also often updates on SpaceX launches and Tesla Inc. self-driving software.
The price of the Shiba Inu fell following Musk’s tweet, but recovered within a day. In response to the tweet, Crypto Bros Taking Ls, a Twitter account for the cryptocurrency community, posted a screenshot of Musk’s reply. The image has over 170,000 likes as of Wednesday. As a result, the crypto market reacted negatively to Musk’s Tweet, which resulted in a 400% increase in price.
After Musk’s tweet, the price of the Shiba Inu sank again and rose on Dogecoin and Bitcoin, but has since recovered. On Wednesday, a crypto trading account called Crypto Bros Taking Ls tweeted a screenshot of Musk’s reply. The Shiba Inu went down nearly 15% on the same day, but recovered back to above $0.00004 by the end of the day. In response to this, the Shiba Inu community pushed back on Musk, causing the price to spike on Tuesday and Wednesday.
The Shiba Inu price spiked after Musk’s tweet, but recovered on Wednesday. A crypto trading account called Crypto Bros Taking Ls tweeted a screenshot of Musk’s tweet, as well as a short video explaining the cryptocurrency’s history. The video gained over 170,000 likes by Wednesday. The Shiba Inu has received a lot of support for its potential as a crypto asset.
In addition to its Twitter popularity, the Shiba Inu’s price has skyrocketed in recent days. After Musk’s tweet, the Shiba Inu’s prices spiked by nearly 100% in both Tuesday and Wednesday, thanks to a tweet from the crypto investor. By this point, the crypto investor hopes that Baby DogeCoin will be the next Shiba Inu. The price of the cryptocurrency could surpass the cost of the real elon musk.
While the cryptocurrency has not yet been added to the cryptocurrency exchange, its price has recently skyrocketed and soared against Bitcoin and Dogecoin. According to the tweet, the shiba inu has already reached a high of $0.00008845. This means that the currency has been able to grow its value by over 100% since Musk tweeted about it. With the price of a Shiba inu, it’s easy to see why it would become such a popular crypto in the coming months.
Even though it hasn’t been listed on the cryptocurrency exchange, it has surged in recent weeks. As a result of Musk’s tweet, the price of the Shiba Inu has increased by more than 400%. The entrepreneur’s tweets about cryptocurrencies sparked a community of Shiba inu enthusiasts. The shiba inu’s “likes” on Twitter have risen above the normal market value of a month ago.
The Shiba Inu coin’s price has increased by more than 400% today. The price of a Shiba Inu has gone up by more than 1000% after Musk tweeted about it. After Musk’s tweet, the Shiba Inu price has spiked by about 400%. Aside from a new cryptocurrency, the Shiba Inu’s popularity has risen by about a hundred times today.
The Shiba Inu has seen a rise in recent weeks and has recently surpassed Bitcoin and Dogecoin. Its price has also increased after Elon Musk’s tweets about the Shiba Inu. As a result, the cryptocurrency has increased by more than 400% today. And, since there are a lot of people who are using it to invest in it, the price has increased by more than fourfold since the tweet.
The shiba inu has risen to the eleventh largest cryptocurrency in the market, making it the second most valuable one. As of October 24, SHIB has increased by more than 50 percent, making it the eleventh largest cryptocurrency in the world. The shiba inu’s price has jumped more than ninefold in a month, but there are many questions that remain.