The Shiba Inu Coin (SHIB), which has risen by almost 45 percent in the last 24 hours, has once again stunned the cryptocurrency world. The coin is trading at $0.00001264 as of Tuesday, with a market valuation of $4,987,163,972 after rising by 49% since 4th October, Monday. This however did not affect the prices of all the other major cryptocurrency market prices that remained almost the same, with only a minor uptick in the values of the other coins.
The coin has risen in value following a tweet from Tesla CEO Elon Musk. This has happened even before. After Musk shared a photo of his new pet dog dubbed ‘Floki,’ the price of Shiba Inu surged in a matter of minutes. On 4th October Monday, Musk tweeted another photo of the puppy with the caption “Floki Frunkpuppy,” causing the token’s price to skyrocket once again.
Have a look at the post:
Floki Frunkpuppy pic.twitter.com/xAr8T0Jfdf
— Elon Musk (@elonmusk) October 4, 2021
Ever since the value of the coin shot up, netizens have taken to Twitter, as they tweet about how ‘Dogekiller Shiba is the future’!
Have a look at a few reactions:
Im honestly Happy for Every single #Shiba Holder in the World . pic.twitter.com/zJzsZkgTgN
— ?OFFICIAL?CRYPTO?DRAGON ?OF?SPORTS? (@CRYPTOSDRAGON9) October 4, 2021
and we are still … in your doge-loving face, here is my dogekiller #shiba is the future pic.twitter.com/SBQYx8DkuK
— shiba inu (@shibacoinhold) October 5, 2021
End your day by buying more #shiba thank me later ?
— @cyrpto2050 (@cyrpto2050) October 4, 2021
This is the real definition of ( what money can do, too much money can do) ??? #shiba ??? pic.twitter.com/Tlq91laYrm
— crazy_gray (@alozie_gracious) October 4, 2021
I don’t think shib gonna stop come on new millionaires made this week #shiba #SHIBARMY #SHIBDELETEAZERO
— shibcoinworldwide (@Chris95161629) October 4, 2021
SHIBA to the moon ? #shiba #SHIB pic.twitter.com/iMaC2lI11t
— Jacob ✌️✌ (@LynxJD) October 4, 2021
#shiba !!!!!! Where do you think its going next ??
I have an idea ?#SHIBARMY #shibacoin pic.twitter.com/4s1TQ4fmXs
— O M A R dot C O M ….. ? ? (@OmarDotcomm) October 4, 2021
That Safemoon crowd wishing they wuz #shiba right about now cherry pic.twitter.com/GF6RHU5Clt
— Salad Days (@lagunawellness1) October 4, 2021
And if you look at my Twitter, you will realize that #shiba touched 0.0000150. I repeat, do not sell this coin with patience, it will make you a millionaire #shiba pic.twitter.com/LQHBQJlWAB
— shiba inu (@shibacoinhold) October 4, 2021
#shiba is ? ? buy buy buy and hold it. Let’s all get a nest ? pic.twitter.com/KFcRMfTvJb
— co-starhg (@paulcostar1) October 4, 2021
#Shib Expect a 40% Surge when Robinhood list imminent announcement #Shiba #BreakingNews pic.twitter.com/tK1XnICShx
— Shiba Inu Cryptocurrency ? (@ShibaInuglobal) October 4, 2021
Shiba Inu, also known as Shiba Token, is a decentralised cryptocurrency established by an unknown person or persons identified only as “Ryoshi” in August 2020. The dog pictured in the Dogecoin’s symbol is a Shiba Inu, a Japanese word for a breed of dog. Dogecoin was created as a joke cryptocurrency based on the Doge meme.
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Published on: Tuesday, October 05, 2021, 11:05 AM IST