At the gates of the top 10… The cryptocurrency Shiba Inu (SHIB), which is often presented as a rival to Dogecoin (DOGE) hit a new all-time high yesterday. It is now the 11th most capitalized cryptocurrency, as Elon Musk seeks to pull away from it.
Much like Dogecoin, Shiba Inu has always stood out for its ability to bounce back after being buried a bit prematurely by suspicious investors. And its latest breakthrough seems to prove once again that fundamental or not, buyers are there.
As always, Crypto-Auditor knows that Shiba Inu is particularly sensitive to outside influences. As the SHIB price continued to climb, a tweet from Elon Musk on Twitter caused the price to tumble – temporarily:
Hey @elonmusk How Much $Shib You Are Holding!!💯💎🙌
— Shiba Inu (@ShibaInuHodler) October 24, 2021
But the SHIB has been on the assault of $ 0.000042 since then. On the other hand, Shiba Inu’s initial rise was apparently based on equally inconsistent information. Rumors are circulating about a possible listing of SHIB on the Robinhood platform.