Given the storm of volatility and precipitous decline that we are experiencing in the world of cryptocurrencies, it seems that the billionaire Elon Musk has a new favorite coin – Shiba Inu.
We were recently able to learn about the millionaire demand he is currently facing from dogecoin investors. We are talking about one class action filed Thursday in a Manhattan court by a dogecoin investor who accuses Elon Musk, Tesla and SpaceX of running an illegal company with which they seek to inflate the price of the cryptocurrency they hold.
However, a few days ago (June 19) he tweeted that the accumulation of Dogecoin will continue even after the collapse of memcoin in the cryptocurrency market. This tweet caused the price of Dogecoin to rise by 6%.
The novelty is that the billionaire seems to have a new favorite token and wanted to showcase it on his very viral Twitter account. And that’s what The result of this was not long in coming, raising the price of memcoin by 17%. We leave you, then the tweet we were talking about.
My Shiba Inu will be called Floki.
— Elon Musk (@elonmusk) June 25, 2021
We don’t really know the reason for this change in thinking, although it seems logical that the demand from dogecoin investors has a lot to do with it. Plus, it’s about Elon Musk, so anything seems possible.
As for the Shiba Inu, many experts predict that it will become stronger after this great crisis, as is expected to happen with Bitcoin.
And it is that, although the panorama continues to draw very changeably, the Shiba Inu attracted the attention of several new investors cryptocurrencies due to several projects related to Metaverse, Web3 and the inclusion of a currency to buy products (supercars such as Ferrari, Lamborghini, Rolls-Royce, Aston Martin).
With rising profits, this could help a recovery. This cryptocurrency seems to be gaining momentum and it looks like it will be the main altcoin in this declining crypto market.
On the other hand, as we already anticipated, the latest addition to the Shiba Inu network is ShibaBurn and ShibaSwap, and this is expected to bring great benefits.
Source: Computer Hoy
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
