Elon Musk Shiba Inu

Shiba Inu (SHIB) saw its share rise 23.83%% on the last day (9:50 am, October 27, 2021), as it continues to be a trending asset in the crypto market.

In fact, this dogecoin used to be made as a joke in 2012, but today it is getting attention from public figures like Elon Musk and Snoop Dogg in 2021 because investors want to increase its price.

Why is the Shiba Inu Skyrocketing?

Reporting from NationalWorld, the Shiba Inu appears to have seen a significant increase in the value of the cryptocurrency – surpassing the leading digital token on October 27, as the market fell 6.46%.

Its market value rose after billionaire entrepreneur Elon Musk posted a picture of his new Shiba Inu puppy under the title Floki Frunkpuppy on Twitter.

Tesla CEO Musk has a habit of posting cryptic messages on Twitter that have a domino effect on the cryptocurrency market.

After he announced that Tesla would no longer accept Bitcoin as payment for products due to environmental concerns, the crypto market crashed.

Dogecoin supporters are eager to get their value to one US dollar during 2021.

Social media posts such as those published by Elon Musk have often seen their market value increase, although they are far from reaching their goal.

Now the same sound is made around the Shiba Inu coin.

Digital token followers are eager for SHIB to go up, up and down to the USD 1 mark despite facing an uphill task at its current price of £0.00003717 (October 27).

However its value has increased by 44,941,199.01% since the start of the year, surging in May before the crypto market crash in places it remained, until now.

Further posting of the Shiba Inu Musk puppy can only work to increase his chances.