Shocking NEWS TODAY! Elon Musk confirmed Tesla to accept Shiba Inu coin!?!

 

Elon Musk recently dropped a tweet bomb on cryptocurrency, which boosted the overall crypto market worth more than 5%. Not only Bitcoin and Ethereum, Memecoins like Shiba Inu were also affected by his action. It is expected that Shiba Inu would become a vast currency that everyone would be looking up to. Many crypto enthusiasts still giving credit to Elon Musk for the recent unbelievable price pump. SpaceX and Tesla CEO Elon Musk has recently tweeted something about cryptocurrency which pushed the crypto prices further. What exactly he tweeted about? How will this impact Shiba Inu Price? These questions will be answered today. We will also check if Shib still holds the potential to make millionaires. So, stick around for that because today’s article is full of major Shiba Inu updates.

No one can forget Elon Musk’s support toward meme coins like Shiba Inu, Floki Inu, and Dogecoin. But, it’s been a long we haven’t heard a word from that tech Billionaire Elon Musk about cryptocurrency. But after his recent tweet about meme coins, the market reflected some positive gains. Recently, Elon Musk crossed 300 Billion worth and surpassed Jeff Bezos to become the Richest man in the world. Today, he tweeted and asked his followers if he should sell 10% of Tesla stock to buy bitcoin? In this tweet, he asked. Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. Do you support this? And, more than 3 million Twitter users voted for this poll from Billionaire and supported him to buy Bitcoin.

What are your thoughts about Elon’s move to save his tax gains? Is this a good choice? Do let us know in the comment section down below.

Currently, Shiba Inu’s price is facing little sell-off and is consolidating. This is not the first time he jumped into this crypto battle to manipulate the market. Earlier, Tesla CEO Elon Musk helped Shiba Inu vault up the ranks of the largest cryptocurrencies by market value by tweeting a photo of his puppy. Now the meme token is down after he said he doesn’t own any Shib. Musk, who has repeatedly touted Dogecoin on social media and frequently commented on cryptocurrencies more broadly, responded to a query from a Twitter user asking how much Shiba Inu he holds, “None”. In a follow up tweet, he said, he has bought Bitcoin, Ether and Dogecoin, and that’s it”. But last month he went bullish on Shiba Inu? Why? Let’s check what he exactly posted and what does the tweet means. In his tweet, he just shared a graphic of Shiba Inu dog with a rocket in his hand. This single tweet helped all major meme coins to get some price boost. This helped Shiab Inu, Baby Dogecoin, and dogecoin to gain massive price pump. This is not the first time Elon Musk tweeted about Shiba Inu Coin. The involvement of celebrities like Elon Musk, can definitely manipulate the price of these meme coins. Recently Elon Musk CEO of Tesla, announced the name of his Shiba Inu puppy on Twitter. Musk, who is quite active on social media and tweets about anything from electric automobiles to space exploration to cryptocurrencies to his 61 million follower, said that “My Shiba Inu will be named Floki”. Shib with its 2,500 percent runin May, it exemplified that it can surprise investors with confounding gains. This followed by his other tweets like. On May 7, he tweeted: “I’m looking for a shiba pup’’ with an image of a Shiba Inu puppy. Then again last month September, he shared an image of his Shiba Inu puppy sleeping on mat with a quote; Floki has arrived” which further helped meme coins to get more price pump. If he really owns nothing other than bitcoin, ethereum and doge. Then why is he so bullish toward baby doge, floki inu, and Shiba Inu? Do share your thoughts in comment section down below.

Last month proved to be a very good month for Shiba Inu. From day one, Shiba Inu is green and reflecting massive returns. When everyone was saying Shiba Inu is dead and has no real world usage. At that time, with the pump of coinbase listing, On October 4^th, Elon Musk added some more thrust to the price of Shiba Inu, by his tweet of an image showing Shiba Inu puppy sitting on Tesla with a quote, “Floki Flunkpuppy”. This helped Shiba Inu to get a price push of more than 350 percent in just 5 days. Interesting right? Further Robinhood showing signs of listing pushed the price to its all-time high. What are your thoughts about this? Is it good to manipulate the price of crypto assets by celebrities? Let’s come and discuss in the comment section down below. Such statements by famous celebrities affect the crypto market as millions of people make decisions about buying and selling crypto assets by their statements. Everyone is familiar with what happened with dogecoin in the second quarter of 2021 and how Elon manipulated the price of dogecoin to hit its all-time high. Created as a joke, the Shiba Inu coin has more than 900,000 holders. The DOGE killer, Shiba Inu, is the new trending cryptocurrency in the market currently. With a Shiba Inu dog as its logo, this meme cryptocurrency is following the path of Dogecoin, aiming to be the best alternative for the same. However, almost 1 year of launch, the Shiba Inu token is still considered as one of the favorites in the meme coin ranking surpassing dogecoin. There will still be highs and lows but nothing like the 2017 bitcoin crash. A significant portion of that is due to the utility of these digital currencies while there is a hypothesis regarding the cost of these assets as Institutions recognize the utility of these tokens. For the time being we cannot say the same for shiba and few things are certain to change as a result of updates. Shiaba Inu crypto is on many investor’s radars as they are waiting for this autoburn and supply algorithms to become live. Holders believe that the listing Shiba on well-known cryptocurrency exchange platform such as Coinbase and Robinhood or auto burn of the massive token supply will increase investor interest, and consequently increase the token’s value by 2021. Before the end of 2021 the price of shib would have to increase by 60% per month compounded over the remaining time. If shiba inu continues at this rate it could reach $0.10 by 2025. If you are holding millions of tokens or want to buy Shiba Inu at the best price, 2021 is the year to do it, because the shib value has been increasing since the beginning of 2021 and is expected to continue increasing until it hits $0.01. So now the best moment to invest in Shiba Inu Token in 2021.

Thank you so much for supporting Crypto and especially Shiba Inu, keep sharing the news with the Shiba army, and let’s raise the shib price to the moon. Let us know in the comments your views on the Shiba Inu token.

Kindly note that prices of cryptocurrencies frequently change, so by the time you read this article, it might have changed to a whole new value. The information provided in this article does not constitute investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the content as such. The content in this article is for educational purposes only and hence should not be considered as financial advice. Do conduct your due diligence and consult your financial advisor before making any investment decisions.