Shiba Inu Coin surges after Elon Musk's tweet; Know More About Shiba Inu Coin

After a massive jump on Wednesday, Shiba Inu Coin (SHIB) has once surprise the cryptocurrency market.

Reportedly, Shiba has witnessed such jump this time after a tweet by Tesla Chief Executive Officer (CEO) and Dodgecoin investor Elon Musk.

It is trading at $0.0000223 i.e. Rs.0.0016725. Meanwhile, most of the major cryptocurrencies were trading in the green on Wednesday or their prices increased.

The cryptocurrency is also known as 'Dodgecoin killer'. As per the reports, the creators created it after getting inspired from DodgeQueen.

However, the creators of Shiba Inu intended to make SHIB more than just a joke. The SHIB token is an ERC-20, compatible with the Ethereum network. The Shiba Inu has been called the 'Dodgequin killer' by its community.

Due to the volatile and unpredictable nature of the crypto market, often cryptocurrencies are pumped which can't be on top.

Ever since the hype of DodgeCoin has become weaker, many new crypto enthusiasts are promoting Shiba Coin. Musk has now become the leading man for the SHIB price change as his pet dog Floki has now become an internet favorite.

However, experts suggest that such a jump in the price of the token without any major reason is not a good investment. Major investors have predicted an increase in the value of the coin.

But according to them, within in a year it will reach only $ 0.000018 i.e. Rs 0.00135. No major crypto market expert or firm suggests that the coin will reach a dollar in the next three to four years.

A year ago the price of a coin was only $ 0.00018, whereas today this coin is trading at $ 0.0000131. This coin has jumped up to 55 percent at 2:19 pm in the afternoon. After this bounce, the price of a coin is trading at $ 0.000001312.

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