The SHIB token dropped by 20% after Elon Musk disowned having a stake in the coin after it has made waves following all-time high to tag a local top of $0.000044.
Musk’s tweet has caused a stir in the crypto world. Sellers take profits at an all-time high. But Musk’s reply quickly leads to another 10% drop for $0.000035.
Ever since the tweet, the SHIB token has varied around $0.000035 and $0.00004. Although, Elon Musk’s reaction was different counter-reactions with different stands.
According to Shibarium statement, He said:
“It is a community project. There is no need to ask some people if they hold or not, no matter who they are. We keep growing, always remember that. We do not depend on a person if that person holds or not at all.”
However, the latest surge midst rumors that online brokerage platform Robinhood may soon list it. The prices surged over 200%.
A lot of volatility in crypto at the moment traded relatively stable is DOGE. SHIB has gone wild while DOGE is trading well as it hits a peak price of over $0.73 in early May.
37% Bitcoin was bolted as its increased evidence of inflation. The newly launched futures-based exchange-traded funds made investors expect more mainstream money into the crypto market, and it looks like they were right.
A cryptocurrency advocate and supporter Elon Musk of the Dogecoin community returned to Twitter for one final push on dogecoin.
On October 24th, 2019 he made a tweet saying “Lots people I talked to at Tesla or building rockets for SpaceX own Dogecoins. They aren’t financial experts by any means! That’s why it felt right to support this crypto coin- its people- feel like my family.”
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