Shiba Inu to the Moon? How Elon Musk’s Endorsement Could Send SHIB Parabolic

Elon Musk’s tweets have turned Dogecoin into a cultural phenomenon—now, crypto speculators are betting on Shiba Inu (SHIB) as the next meme coin to ride the Musk hype train. If history repeats, even a single nod from the world’s richest troll could ignite SHIB’s engines.

The Musk Effect: Meme Alchemy Turns Shitcoins to Gold

DOGE’s 12,000% pump in 2021 proved Musk’s influence can override fundamentals. SHIB’s community is itching for similar alchemy—swap the Doge mascot for a Shiba pup, and the playbook looks familiar.

Liquidity vs. Lunacy: The Thin Line Between Rally and Rout

Exchanges list SHIB, whales accumulate, but liquidity remains a concern. One viral tweet could trigger either a 10x surge or a classic ‘buy the rumor, sell the news’ dump. (Wall Street analysts would call this ‘price discovery’—if they weren’t busy downgrading crypto between golf sessions.)

Bottom Line:
In a market where attention is the only scarce resource, SHIB’s fate may hinge on whether Musk wakes up and decides to meme. Proceed with diamond hands—or a very tight stop-loss.

Elon Musk Dogecoin mentioning DogecoinElon Musk mentions Dogecoin DOGE Gained 24,235% Amid Musk’s Support Dogecoin surged from $0.0311 in February 2021 to an all-time high of $0.7376 by May that year, a 2,271% increase in just three months. Notably, the Tesla Shop began accepting DOGE as payment during this period. Considering DOGE’s price of $0.003031 at the time of Musk’s first mention to its peak, it experienced a staggering 24,235% increase, all within a single year. What if Elon Musk Starts Promoting Shiba Inu Like He Did DOGE? This leads to a speculative question: What if Elon Musk promotes Shiba Inu like he did Dogecoin? While this remains speculative and uncertain, we can estimate the potential outcome if SHIB were to experience comparable growth to DOGE’s 24,235%. Applying a 24,235% increase to SHIB’s current price of $0.00001322 would result in a price of approximately $0.003217. This effectively eliminates two zeros for SHIB’s price, just as Dogecoin did due to Musk’s influence. However, the idea of Musk promoting SHIB is purely speculative and unlikely. Musk has shown a stronger preference for Dogecoin over other crypto assets. Moreover, Shiba Inu may have indirectly benefited from Musk’s promotion of DOGE in 2020/2021. While Dogecoin soared from July 2020 to May 2021, Shiba Inu also saw significant growth starting in January 2021. SHIB’s momentum extended until October 2021, when it reached its peak of $0.00008845. Considering its low-to-peak performance that season, SHIB arguably even outperformed DOGE during that period.