Elon Musk Adds To His Crypto Family, Shiba Inu (Shib) adds 10%
2021 is becoming a year in the rise of “The Dogecoinkiller”
Elon Musk, who is notorious for dropping hints in his tweets and indirectly guiding his 57 million followers into the “next big thing” is making noise and planting hints about, Shiba Inu (Shib).
Elon has learned that he has the power to post a tweet and get investors follow, but he usually posts in a way that keeps investors on their toes. Nowadays he doesn’t share his direct opinion or analysis of a stock or coin/token with investors, but rather with a hint or clue in a meme post in a way which investors have to be smart enough to decipher to get in ahead of the crowd.
It’s an art that Musk has mastered over the years and it has become a regular game of investment cloak and dagger for his followers. So how did this clever game of find the clue or hidden meaning get started?
In an August 2018 scenario, Elon ended up in trouble with the US Securities and Exchange Commission when he said, directly, that he wanted to take Tesla private at USD $420 per share, and that he had secured the funding to do it. The direct message in his post cost himself and Tesla to pay up $40 million in penalties (USD 20 million each). It also cost Musk the position of Tesla Chairman.
However, Elon Musk has proven multiple times that he’s the world’s biggest eccentric, with an extremely creative mind. Figuring out ways to continue to be Elon and say and do as he chooses is his forte. Remember, we are talking about the billionaire that bought and crashed a McLaren F1 and wants to build a colony on Mars.
So as only Elon would do, he has continued to get his message across to his most attentive followers via making his direct point of the message hidden within a meme, changing how the subject keywords are used in his tweet, or as an off -topic mention or addition to the his post’s main topic.
For an example, On January 27th, 2021, Elon posted about the Tesla Plaid Model S, but added that one of its features was that the car would allow passengers to play Cyberpunk. Following that cryptic tweet, The video-game maker, CD Projekt SA, had a surge in its share price with the stock climbing 12.6%. Although the tweet was directly announcing the Plaid Model S would start shipping, it was the indirect message in regards to the video game Cyberpunk that investors noticed and quickly acted on.
His recent tweet:
Elon’s tweet references the Token known as the “Dogecoin Killer”, Shiba Inu, and an even lesser known Floki token has gotten many of his most attentive followers searching for entry into the Shiba Inu before what could be a run that may go for years to come, similar to the rise of Dogecoin.
Hardcore Dogecoin fans denounce the tweet as giving reference to anything but Dogecoin, as one would expect from traders that have everything riding on Dogecoin. The last thing they need is another coin taking attention away from Dogecoin. Their argument is that the mascot representing Dogecoin is a Shiba Inu. However, the attentive Elon followers feel they are wrong and are missing the next opportunity by not reading between the lines.
They feel if Elon was just giving reference to Dogecoin and the Floki token, he would have just used Dogecoin in his tweet as he has done so many times in the past. He has even mentioned putting a real Dogecoin on the real moon.
The thought is that Elon wouldn’t typically use the specific dog breed in reference to saying what he will name his pet. No one ordinarily says “My Czechoslovakian Vlcak will be named Rover”. They would usually say, “My dog’s name will be “enter a famous Elon Musk key word here”. Elon’s specific mention of Shiba Inu and Floki, and not his typical Dogecoin mention, is important to attentive followers. The feel that the specific words Elon chose were deliberate and important.
Shiba Inu has become extremely popular amongst the active traders in the crypto world, but Shiba Inu began to gain popularity even before Elon’s tweet. It was originally created in August 2020, and modeled off Dogecoin by the anonymous founder known as “Ryoshi”.
Shiba Inu was centered in the spotlight in May of this year when Vitalik Buterin, the world’s youngest known crypto billionaire and founder of Ethereum, donated 50 trillion SHIB tokens, worth around $1.2 billion, to India’s Covid relief fund, founded by entrepreneur Sandeep Naliwal.
A few things that we have seen in the Dogecoin past, we are now beginning to see come to fruition with Shiba Inu. Just as an example, It was a big deal for Dogecoin, when it became an official logo on a car driven by Landon Cassill, who is sponsored by the company Voyager. Well, now, Voyager CEO Stephen Ehrlich has called on Shiba Inu coin investors and fans to download the Voyager app with the promise that Shiba Inu could be a sponsor of the vehicle.
So here’s the question that the die hard Dogecoin fans have to ask themselves, Are they so emotionally attached to Dogecoin that they have put blinders on and are missing yet another opportunity? We considered the context of the tweet carefully and have to agree that it does appear that Elon was being deliberate in his usual cryptic tweets way by using the words Shiba Inu and Floki together in a one-liner that didn’t mention Dogecoin at all.
So we looked into the risk versus reward involved as an initial Shiba Inu investor and we used $100 as the initial investment, as of today June 29th, 2021. If we were to purchase $100 worth of Shiba Inu at 0.000009214 we would hold 10,853,049 of Shib. If by chance Shiba Inu ever reached 1 cent in value our $100 initial investment would be worth $108,530.00 U.S Dollars.
It may be a long shot, but it seems as though Shibu Inu has everything going in the right direction at this moment and is gaining recognition and exposure at a record pace. So for those of you who feel that $100 is worth having a potential $108K return, Shibu Inu may be one to check into.
