When it comes to being the king of the Twitter platform, there is no one that can match the might of Elon Musk. Being the richest man in the entire world, everything said by Musk through the social media platform is perceived to be a prophecy.
Elon Musk is currently followed by an enormous army of 49 million followers and this number is constantly increasing. He has managed to gain the attention of people of all ages over the years and no one seems to be leaving his side.
Ever since the beginning of the year 2021, Elon Musk seems to have taken a lot of interest in cryptocurrencies. The richest man in the world seems to have spoken openly about the potential of cryptocurrencies.
On several occasions, Elon Musk has talked about Bitcoin (BTC) and Dogecoin (DOGE). As per many analysts, Musk is the reason why Dogecoin (DOGE) ended up gaining so much recognition and adoption.
Before Musk’s tweet about DOGE, it was perceived as a meme cryptocurrency and even its enthusiasts didn’t pay much attention to its potential.
However, Musk’s tweet around its potential and worth ended up spiking its price and now it is being adopted as a mode of payment at many American retail sites.
This time, it seems that Musk has taken a pity of another token that has started gaining on its value after Musk had some good things to say about the asset.
No matter what Musk has to say, people start deciphering it like his tweet has a hidden message in it that he wants people to find out. This time, the tweet that ended up creating hype for another digital asset called “SHIB” was made on Saturday, March 13, 2021.
In his tweet, all Elon Musk stated that he was planning to get himself a new house pet. He informed all his followers that the pet he was planning to get was a dog that is from the Shiba Inu breed. For those who want a hint, Shiba Inu is the same breed of dog that is used in the Dogecoin (DOGE) meme.
The symbol of Dogecoin (DOGE) is a Shiba Inu dog that is staring at the viewers with a confused face. As soon as Musk’s tweet made it to the public, there was frenzy among the crypto-followers of Musk.
While some of the people ran for Dogecoin (DOGE) and started investing in it, helping it gain a small surge in its price. The majority of the crypt-followers of Musk started investing heavily in SHIB, as they thought that the billionaire was hinting towards the SHIB asset.
Following the tweet made by Musk, the price of SHIB token has experienced a 300% surge and it is currently experiencing an all-time high figure of $0.00000008 per token.