Why Shiba Inu Is Skyrocketing? Shiba Up 216% after Elon Musk's tweet ?

Shiba Inu Value Jumps To See SHIB Break Into Top 20 Crypto Coins List

Shiba Inu Crypto Up 216% in a Week With Some Help From Musk

The Shiba Inu cryptocurrency is now the world’s 20th-biggest by market value and has more than tripled in the past week, partly fueled by Elon Musk’s latest tweet about his own puppy.

The SHIB token, centered around a breed of Japanese hunting dogs, is up another 69% in the past 24 hours, according to CoinGecko pricing, putting its market value above $10 billion.

The gains have come amid a broad rally in major digital currencies, underpinned by favorable seasonal factors, positive technical chart signals and a lack of interference from the Federal Reserve. But SHIB’s 216% surge in the past week has well overshadowed the performance of Bitcoin and Ether, the two biggest tokens, which are both up more than 20% in this period.

A tweet by Tesla Inc.’s boss late Sunday night U.S. time with a picture of a dog and the comment, “Floki Frunkpuppy”, may have also contributed to the frenzy. That followed a tweet in June that said, “My Shiba Inu will be named Floki” and one last month that read “Floki has arrived.”

The Shiba Inu cryptocurrency is now the world’s 20th-biggest after surging 216% over the past week

The Shiba Inu cryptocurrency is now the world’s 20th-biggest by market value and has more than tripled in the past week, partly fueled by Elon Musk’s latest tweet about his own puppy.

Floki Frunkpuppy pic.twitter.com/xAr8T0Jfdf
— Elon Musk (@elonmusk) October 4, 2021

Hey @elonmusk what do U own more of $doge or $shib ? Which u think from here has more potential?
— Scott Redler (@RedDogT3) October 6, 2021

Shiba Inu Value Jumps By 49 Percent To See SHIB Break Into Top 20 Crypto Coins List

Soon after an anonymous whale decided to buy 6.3 Trillion Shiba Inu tokens and raise SHIB coin’s valuation, the memecoin also saw another huge jump in value, emerging as one of the most traded coins by volume, this week.

The growth has skyrocketed SHIB coin to a position where it’s now the 33rd largest cryptocurrency in the world, with a market cap of $8.7 billion (approximately Rs. 65,141 crores).

The jump has been fuelled by a tweet from the ‘Dogefather’ himself who took to his profile on Sunday night and posted a photo of his pet Shiba Inu pup named ‘Floki Frunkpuppy’ sitting on an open front hood of a Tesla. What has become a theme lately with Elon Musk‘ posts on Floki is that multiple Doge-styled coins usually get a boost.

Doge – the mascot of Dogecoin is a Shiba Inu too, and Dogecoin is a cryptocurrency that Musk has explicitly endorsed in the past. Hence, both SHIB and Dogecoin witnessed a sharp spike a valuation shortly after Musk’ tweet on Sunday.

This isn’t the first time something like this has happened. Last month too, Musk shared a picture of Floki and a number of floki-themed altcoins saw a sharp spike in values. Musk also isn’t the only one who’s banked big on SHIB. Vitalik Buterin, the co-founder of Ethereum, donated $1 billion (approximately Rs. 7,486 crores) worth of SHIB to India’s Covid-Crypto Relief Fund.

In this case, though, Shiba Inu’s sharp rise in valuation can’t really be attributed to Musk’s tweet alone. On October 1, an anonymous whale decided to buy almost 6.3 trillion SHIB tokens in a span of two days. The whale bought a gigantic 6 trillion SHIB coins worth around $43,838,900 (around Rs. 327 crores). SHIB whale went ahead to buy another 116 billion coins the next day which were followed by two more transactions of 159 billion coins and another 1 billion coins.

Shiba crypto surges 91% in last 24 hours after Elon Musk’s tweet

Memecoin Shiba Inu was trading at $$0.00002383, up more than 90% over the last 24 hours, as per CoinGecko, and has skyrocketed over 240% in the last 7 days

Billionaire Elon Musk has often been responsible for pumping doge and other cryptocurrency prices on several occasions by sharing various references and memes on his social media feed as he is known for his interest on digital tokens and remains a strong believer of cryptos. And now, his recent tweet has pumped up the price of memecoin Shiba Inu.

Palantir, Shiba Inu, Apple, American Airlines: What to Watch in the Stock Market Today

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Cryptocurrencies turbo-charged by Tesla CEO Elon Musk got another boost Wednesday. The token Shiba Inu gained 48% over the previous 24 hours, adding to a days-long rally after Mr. Musk posted a new photo of his Shiba Inu puppy named Floki on Monday. The coin now has a market value of $9 billion, making it the twentieth largest cryptocurrency, according to CoinMarketCap.com. Dogecoin, a favorite of Mr. Musk’s, also rose 3% over the previous 24 hours.

Does Elon Musk own Shiba Inu coin?

A new crypto coin birthed by fans & members of the Shiba Inu community. Floki Inu is Elon Musk’s very own shiba inu and he’s hungry for outer-space treats! He’s hyper-deflationary and built to reward you, so more Floki Inu coins are added to your wallet with each transaction.

Is Shiba Inu going to burn coins?

The developers appear to have expanded their “new listings plans” to include a coin burn of two major coins in the ecosystem, Shiba Inu (SHIB) and Leash (LEASH). This includes the addition of two new ETH-fueled trading pools on ShibaSwap: Perlin (PERL-ETH)

Can a Shiba Inu hit 1 cent?

Yes, the Shiba Inu coin will reach the penny easily. Shiba Inu price is dropped now. And i think it will take almost 5 to 6 months to reach 1 cent. Just as Dogecoin is going to reach $1, the coin can reach $1 as well.

Is Shiba Inu floki?

Floki, in case you’re not familiar, is Musk’s new Shiba Inu puppy. It’s also a brand-new cryptocurrency. Some smart folks capitalized on the excitement around all things Musk to set up a cryptocurrency devoted to his dog. The project is named Floki Inu (CCC:FLOKI-USD).

Is Shiba dead?

Despite rising quickly and then falling sharply after launch, Shiba Inu coin is not dead. It’s true that its value has fallen dramatically since May, but the Shiba Inu coin market cap is holding steady around $3.5 billion heading into June.

How do I get a Shiba Inu coin in the US?

How to Buy Shiba Inu Coin

Open an Exchange Account. eToro, Voyager and Coinbase offer customers access to Shiba Inu. …
Use Uniswap or a Centralized Exchange. There are 2 main ways to buy Shiba: centralized exchanges and decentralized exchanges. …
Buy a Crypto Wallet (Optional). …
Make your purchase.

Can SafeMoon reach 1 cent?

Can SafeMoon hit $1? It’s definitely possible that SafeMoon can reach a dollar in value at some point in the future. However, it’s worth pointing out that even the most optimistic long-term SafeMoon crypto price prediction sees it valued at less than a cent in seven years from now.

Why Shiba Inu Is Skyrocketing

Shiba Inu (CRYPTO: SHIB) is up a stunning 45.63% in the past 24 hours to $0.00001588 apiece as of 9:08 a.m. EDT. The coin’s marvelous rally came as Tesla’s CEO Elon Musk tweeted about the “Dogecoin killer” cryptocurrency on social media. As a result, Shiba Inu is now the 33rd largest cryptocurrency in the world, with a market cap of $6.42 billion.
So what

At first glance, Shiba Inu is nothing more than a meme token built on the Ethereum blockchain. It was created anonymously by a person or entity known as “Ryoshi” in August 2020. It takes only a few minutes nowadays to launch one’s own token on an existing blockchain. There’s even a graphical user interface site called cointool.app that helps those who cannot write code to make their own cryptocurrency.

Dogecoin Knockoff Named After Elon Musk’s Pet Continues The Bull Run, Surges 2300% In A Day

The price of Flokinomics (CRYPTO: FLOKIN), a Dogecoin (CRYPTO: DOGE) knockoff named after Telsa Inc. (NASDAQ:TSLA) CEO Elon Musk’s pet dog Floki, is extending its bull run by surging over 2300% within a span of 24 hours.

What Happened: Flokinomics, which calls itself the “best rebase token known to man,” is up 2325.56% over the last 24 hours, trading at $0.000001156 at press time.