Mark Cuban And Elon Musk Announced Shiba Inu Coin will Skyrocket To $0.01!!
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Mark Cuban, Dallas Mavericks owner, recently announced that he tripled his stake in cryptocurrencies, $500 to $1500. Earlier in August, Cuban has touted the benefit of cryptocurrencies and suggested their strength as a medium of exchange. $1500 is not a considerable amount for Cuban and maybe like pennies, but it shows the intentions of Cuban that he wants to take the meme token such as Shiba Inu and Dogecoin prices much higher
While Elon Musk was also credited for pumping the meme token Shiba Inu Coin twice this month, the latest tweet of Elon Musk on this Monday rose the Shiba Inu Coin up 21% soon after his tweet. Mr Whales, a famous crypto enthusiast and analyst, tweeted in the reaction of Elon Musk, “BREAKING: Shiba Inu Coin $SHIB has now surged over 21% after Elon Musk’s Tweet.”
A rabbit holding a soaring rocket posted by Elon Musk in his tweet was taken as a signal by most crypto traders. Not later than 10 minutes after Musk’s tweet, Shiba Inu was up 14%. The trading volume also surged with Musk’s tweet, and around $3.8 billion in Shiba Inu has changed hands in just 24 hours. And Elon Musk, another tweet soon after soaring Shiba Inu prices, showed that he did it intentionally, and he is not feeling sorry for that.
Many crypto experts believe that Shiba Inu Coin can sustain its soaring prices in the crypto space. However, the long-term investors trade cautiously because they think meme tokens soar for the short term only. Furthermore, as per long-term investors, celebrities can move the market, whether stock or cryptocurrencies. And it is like a sword that can cut both ways; withdrawing support from celebrities can suddenly drop the prices without giving you a chance to secure yourself.
Currently, Shiba Inu is trading at $0.0000279, up 7.41% in 24 hours and up 0.7% in the last week, with a market cap of $11 billion. This price rose soon after Elon Musk tweeted and bulk buying of 260 billion SHIBs by an anonymous whale. The same whale was the reason for the last prices surge of Shiba Inu when it bought 6 trillion SHIBs in three consecutive transactions earlier this October.
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