Elon Musk Accepted Shiba Inu Coin and price will hit $1.0 soon!!
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If you’re up to date on the current market trends on the cryptocurrency world, then surely, you cannot have possibly missed the recent boom of the meme-based crypto tokens.
One of those lovable tokens is the smash hit, Shiba Inu Coin that snared the market when it first emerged in 2020, branding itself as the Dogecoin killer. With the recent development progress on the Shiba Inu coin and some significant boosting from some big names, Shiba Inu Coin might just see itself become the king of meme and dog-inspired crypto tokens.
Aside from this, a bulk of Shiba Inu Coin’s popularity and trust among investors is mainly owed to its avid fanbase that tirelessly promote and talk about the beloved coin. The fans of the token often take to Twitter to promote and talk about the currency, in hopes of increasing market demand for it.
The crypto coin has experienced some great spikes in activity over the last couple of weeks on Twitter, mainly owed to a wide variety of factors beyond just fan promotion.
Most recently, Shiba Inu experienced a big boom over the last 2 days, with the #SHIB hashtag trending several times on Twitter’s Top 10 on October 4. This sudden rise in talk about Shiba Inu Coin has seen the trading volume of the crypto token rise up by TRIPLE digits that day, even standing at $2.8 billion during the time it was going rounds on Twitter.
As of October 6th, the trading volume over the last 24 hours alone is up by 87.45% and now stands at $9.8 BILLION.
All of that because of very specific tweet.
On the morning of October 4, Tesla Motors CEO Elon Musk posted a picture – not just any picture – it was an adorable picture of his new dog, a Shiba Inu enjoying in the sun while hanging out in a Tesla car. He captioned the photo “Floki Frunkpuppy.”
People were crazy about the photo, not just because of how cute the dog looks, but also because of what it could mean for the dog-themed crypto market. The usual rumors circulated once again once the photo was posted: Will Tesla accept dog-themed crypto coins as payment?
As expected, SHIB trended on Twitter alongside this photo. The price of the coin shot straight up after weeks of seeing a steady upward trend. In fact, the price of the Shiba Inu Coin quite literally deleted a zero,
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