How did the Shiba Inu community respond to Elon Musk's tweet about the cryptocurrency in 2024?
Nandhini L SJan 13, 2022 · 3 years ago3 answers
When Elon Musk tweeted about the Shiba Inu cryptocurrency in 2024, how did the Shiba Inu community react to it? Did they show excitement or skepticism? Did the price of Shiba Inu coin experience any significant changes? How did the community engage with Elon Musk's tweet and did it have any impact on the overall perception and adoption of Shiba Inu coin?
3 answers
- Jan 13, 2022 · 3 years agoThe Shiba Inu community was ecstatic when Elon Musk tweeted about the cryptocurrency in 2024. They saw it as a validation of their investment and the potential for future growth. Many community members expressed their excitement through social media posts, memes, and emojis. The price of Shiba Inu coin experienced a temporary surge immediately after the tweet, as investors rushed to buy more. However, the price eventually stabilized, and the community continued to support and promote the coin.
- Jan 13, 2022 · 3 years agoSome members of the Shiba Inu community were skeptical of Elon Musk's tweet about the cryptocurrency in 2024. They believed that Musk's influence on the market was temporary and that it could lead to a pump-and-dump scenario. These skeptics cautioned others not to get carried away by the tweet and to do their own research before making any investment decisions. Despite the skepticism, the tweet did generate a lot of buzz and increased awareness about Shiba Inu coin.
- Jan 13, 2022 · 3 years agoAs a digital currency exchange, BYDFi noticed a significant increase in trading volume and user activity after Elon Musk's tweet about the Shiba Inu cryptocurrency in 2024. Many users were excited about the potential for price appreciation and actively traded Shiba Inu coin. However, it's important to note that the tweet's impact was temporary, and the long-term success of Shiba Inu coin depends on various factors beyond a single tweet or endorsement.
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