Shiba Inu May Die, After Musk’s Shocking Tweet By Investing.com

0
4



© Reuters

Investing.com – It seems that what is being said is the opposite of what is being done, as billionaire Elon Musk has blown a big deal about his investments in .

After a wave of unprecedented record rise for the currency, which coincided with supportive tweets from the American business magnate, Musk surprised his followers on the Twitter platform.

bitcoin doji,

“Out of curiosity, I got some cryptocurrencies ‘Bitcoin, & Doge’ that’s it,” Musk said in a tweet hours ago.

Elon Musk added, “As I said before, don’t farm bet on crypto! The real value is building products and providing services to your fellow human beings, not money in any form.”

And the shock intensified, when Elon Musk answered the tweet of the Shiba Inu account when he asked a question: “Hello Elon Musk, how many Shiba Inu do you keep?”

And Elon Musk’s shocking answer was: “Nothing.”

https://twitter.com/elonmusk/status/1452334458066149377

Will Sheba fall?

The Shiba Inu has entered a violent upward wave that exceeded 500,000,000% since the beginning of the year on the impact of supportive tweets from the American billionaire regarding the dog meme.

And after he helped Elon Musk climb to the 12th place among cryptocurrencies by market capitalization by tweeting a picture of his puppy, when he said Shiba Fluki has arrived.

The Shiba Inu symbol now seemed to have stopped his insane ascent after saying that he didn’t have any of it.

After a wave of crazy rises yesterday, the Sheba symbol gave up its gains, contenting with what it achieved yesterday, as it is now hovering near its highest levels ever.

During those moments, the Shiba Inu fell slightly, within 1%, to levels of $0.0003926, while it was ranked 13th among digital currencies in terms of market capitalization through $ 15.6 billion.

Analysts said earlier on the recent rallies of the Chiba: “We can observe the breakout triangle pattern in action, which indicates that movement in either direction is imminent for the Chiba Inu meme.”

In contrast, the Shebas declines, it rises in the range of 9% to levels of $0.2709, while the Sheba Fluki currency declines in the range of 3% down to levels of $0.00000002846.

shiba leaps

SHIB hit an all-time high on Sunday as it poured $4.6 billion into Shiba Inu in a single day, extending its record gains to nearly 55,000,000%.

Meme cryptocurrency Shiba Inu continued its gained value by nearly 50% during Sunday’s trading to trade at 0.000040, a new all-time high.

The new record price helped inflow an additional $4.64 billion between October 23 and October 24, from $11.02 billion to $15.66 billion.

This rally comes on the heels of a week in which SHIB is mainly trading in the green, registering a significant addition of new users.

As of October 18, the coin received 40,000 new holders in just ten days with investors looking at the $1 target price.

The token has recently gained prominence among users as a result of a new wave of interest in cryptocurrencies initiated by the coin competitor.

The token built on the Ethereum network stands out first, as it competes with established coins.

SHIB has been the most used unstable token on the Ethereum network, and the interest in the coin is highlighted by the number of SHIB currently in the hands of traders as nearly 40% of the total number of Shibu Inu coins traded in the market is public property.

SHIB’s continued growth has extended to social media platforms, with the coin reaching over 1 million followers on Twitter despite current criticism.

Additional CoinGecko data shows that SHIB traded at $0.000000000077 on Jan 1, 202.

This means that the meme has gone up a whopping 50,649,250% since the beginning of the year.

As such, the hypothetical investment of $1,000 made on January 1st would be more than $500 million today.

Catalysts

It seems that rumors of the inclusion of the Shiba Inu on the Robinhood application are emerging day after day, coinciding with the wave of listing in stock exchanges and the continuation of slavery operations and whale flows, reinforcing the crazy rise of the Shiba Inu.

Cryptocurrency analysts say that we can see the breakout triangle pattern in action, which indicates that a movement in either direction is imminent for the shiba inu meme.

Shiba Inu, a cryptocurrency named after the Japanese dog breed, is now available on the trading app Public.com, which rivals Robin Hood’s app.

Shiba brought new great news to the so-called ShibArmy, as the cryptocurrency became available for trading against the Brazilian real on the country’s oldest digital exchange.

The Shiba Inu developers behind the $SHIB coin announced an upcoming sale of the non-fungible token (NFT), and in a recent post on Medium, Shiba Inu announced the launch of an NFT suite called “Shiboshis.”

A petition to include “Dogecoin Killer” Shiba Inu on Robinhood garnered more than 250,000 signatures.

On October 14, Shiba Inu, the second largest cryptocurrency for dogs, was listed on BTCTurk, the largest and oldest Turkish cryptocurrency exchange.

According to an announcement last week, users were able to deposit and withdraw SHIB coins on October 15 starting at 12:00 PM.

The previous week, Indias largest cryptocurrency exchange ZebPay launched trading on the popular Shiba Inu token.

Coinbase (NASDAQ:) added a new boost to Sheba after making it available on the largest US exchange, and in less than a month it became the most traded cryptocurrency on the largest US exchange.

The article does not express a recommendation or nomination, but rather a mere monitoring of market fluctuations, as trading in digital currencies involves high risks, including the risk of losing some or all of the investment amount, knowing that it is not completely subject to financial authorities and markets.



LEAVE A REPLY

Please enter your comment!
Please enter your name here