DeutschAs early as the beginning of 2023, Dogecoin (DOGE) and Shiba Inu (SHIB) were linked to Elon Musk. At that time, it was speculated that both cryptocurrencies could increase their popularity via Twitter. Now the speculation in this regard has certainly intensified. Musk recently published a tweet in which he mentioned the Shiba Inu. This article reveals what the latest developments are all about and how investors can best react to them.
A Playful Conversation
There is currently no concrete evidence for the integration of SHIB or DOGE. However, there was already an exchange between Jonah Katz, a Twitter engineer, and Musk regarding the dog breed in question. The former claimed that he would use the social network even if it turned into a donkey. Elon Musk then reminded Katz that Twitter had already introduced Shiba Inu themes without significant impact. However, the entrepreneur was initially only referring to the dog breed. But this circumstance gives investors hope – after all, the Siba Inu stands for both DOGE and SHIB. So far, Elon Musk has been a loyal supporter of Dogecoin. The SHIB community wants to change this.
Community Expectations are High
With his remarks, Musk may have been alluding to the time when the social network adorned itself with the Dogecoin mascot. The mention of the animal now comes two years after he mentioned potentially promising cryptocurrencies such as Dogecoin. Elon Musk’s tweet was well received in the Shiba Inu community – it has now been shared 100,000 times more than Katz’s message.
Ragnar Shib, a famous representative of the community, has now called on Linda Yaccarino, the current CEO of Twitter, to integrate Shiba Inu. After all, the SHIB has one of the largest and most important communities in the crypto sphere. The latter is ready to facilitate the integration of the Shiba Inu into the social network. Currently, however, it seems that Elon Musk remains loyal to Dogecoin.
The New Leadership and its Impact on Cryptocurrencies
In contrast to Musk, however, Yaccarino showed clear interest in the SHIB. This is mainly proven by her Twitter followers – because she also currently follows the official Twitter account of the Shiba Inu token. A change of heart would also be possible with Musk. After all, he already mentioned Shiba Inu in a tweet, opening the door for further speculation. So there is a possibility that the popularity of SHIB will continue to rise.
But these developments surrounding a possible integration also have an impact on other cryptocurrencies: there is strong demand to buy Bitcoin from Trade Republic and other neo-brokers. This is probably due, among other things, to the recurring media coverage of cryptocurrencies. The possible integration at Twitter is also mentioned here again and again.
How Investors should Act
Investors are now naturally asking themselves whether they should buy the Shiba Inu token. If an increase in value is likely, the investment would definitely pay off. A clear recommendation cannot yet be made. However, interested parties should continue to monitor the situation. If investors do not shy away from the risk, an investment in the cryptocurrency is conceivable.
One should always be aware that memecoins such as DOGE and SHIB are a highly volatile form of investment. For this reason, you should never invest all of your savings in this way. Beginners should familiarize themselves with the topic in detail in advance. It is also recommended to take a look at the previous price development.
Conclusion on the Current Speculations
Current speculations suggest an integration of the Shiba Inu into Twitter. This would of course benefit the popularity and value of the cryptocurrency. Not only the SHIB community, but also potential investors are following this development with great interest. Some investors are already considering buying the virtual currency. However, interested parties should be aware that this investment involves a great risk. It is best to initially invest only small amounts in the Shiba Inu token. This counteracts high losses.
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