After the Dogecoin wave, we have a new meme crypto that is seriously promising, and it is called the Shiba Inu coin.
Just on Monday the value of the Shiba Inu coin shot up by 45% and it has everything to do with the mysterious tech mogul who apparently is from the future, Elon Musk.
All he did was post a phot of his cute little family pet Floki, a Shiba Inu puppy.
The tweet had nothing to do with the Shiba Inu coin, he was simple welcoming Floki into the family and introducing it to his twitter followers but, all his supporters and crypto fanatics immediately made a connection and rushed to buy the coin.
Shiba Inu is a breed that is also the mascot of Elon Musk’s favourite crypto currency Dogecoin.
However, the Dogefather isn’t the only reason why the coin is trending.
The Shiba Inu team is currently working on changing the useless meme coin in to decentralized exchange.
Shiba Inu was founded by an anonymous person going by the name Ryoshi last year. According to the official website, the Shiba Token is an experiment in decentralized spontaneous community building.
Whatever the reason it is trending, investing in any cryptocurrencies, crypto-assets or investments involves taking huge risks. So be prepared for the worse case scenario, which is losing all your money.
You should always make sure you have all the information and know the risks when investing in anything online.
