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Seeking Alpha 2021-10-25 12:35:33

Shiba Inu dips from all-time high after Elon Musk reveals he has none

Shiba Inu dips from all-time high after Elon Musk reveals he has none

The 13th largest cryptocurrency by market cap, Shiba Inu (SHIB-USD), falls from its record high following Elon Musk's tweet reply on how much of the crypto he's holding, saying he has none. Shiba Inu (SHIB-USD) slid from its all-time high of $0.000044 to as low as $0.000035 on Sunday. Its market cap is down by about $2B from its peak of $17.4B, according to data from CoinMarketCap. On the same day, Musk confirms his crypto buys in bitcoin (BTC-USD), ethereum (ETH-USD) and dogecoin (DOGE-USD), but "don't bet the farm on crypto," he tweets. "True value is building products & providing services to your fellow human beings, not money in any form." Recall earlier this month that Shiba Inu (SHIB-USD) climbed 15% after Elon Musk tweeted on what appears to be a rabbit holding a rocket-ship emoji. Dogecoin (DOGE-USD), an alt coin with a similar meme-like presence as Shiba Inu (SHIB-USD),

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