As the price of the biggest cryptocurrency bitcoin attacks its all time high – this time without any help from Elon Musk – the entrepreneur and crypto enthisuast has proven once again that he still has great influence over the crypto market.
Shiba Inu, which had been adding some handsome gains in the previous days, is now trading at $0.00002735.
Shiba Inu coin, which was launched in August 2020 by mysterious founder “Ryoshi” as a spin-off from Dogecoin, is now up 6.88% in-day at time of writing, according to CoinMarketCap.com. Dogecoin (DOGE) was also up 6.94% following the billionare’s tweet.
Today was not the first time the pet-inspired token has benefitted from the billionaire's support. Earlier this month, Shiba skyrocketed 67% after Musk posted a picture of his own Shiba Inu, Floki, on Twitter.