Elon Musk emphatically rejects the notion that he also “invests” in Shiba Inu (SHIB) crypto, in addition to BTC, ETH and DOGE. SHIB looks depressed, not with DOGE. What are the future SHIB price projections? Still brave?
It seems that the war over SHIB versus Dogecoin is raging again. The reason is, Elon Musk, who is famous for supporting DOGE, explicitly says he does not have SHIB, which in fact historically opposes Dogecoin which seems centralized thanks to Musk’s figure.
Elon Musk Doesn’t Invest in SHIB
Elon Musk’s latest statement about crypto, after an account defender of Shiba Inu, on October 24, 2021, asked the Tesla boss if SHIB was part of his investment, besides DOGE, ETH and BTC.
Elon Musk answered straightforwardly that SHIB was not part of his portfolio.
“None,” short answer.
None
— Elon Musk (@elonmusk) October 24, 2021
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In a tweet on October 25, 2021, Elon also confirmed that DOGE is his flagship cryptocurrency. He also did not hesitate to say that crypto is a people’s cryptocurrency (people’s crypto).
“A lot of people ask if the production staff at Tesla and SpaceX have DOGE. They are not Silicon Valley-style financial or technology experts. That’s why I decided to support DOGE, because it is the cryptocurrency of the people.” Elon firmly.
Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge. They aren’t financial experts or Silicon Valley technologists. That’s why I decided to support Doge – it felt like the people’s crypto.
— Elon Musk (@elonmusk) October 24, 2021
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An interesting fact is, this latest statement comes just hours after he said that he and Jared Birchall had nothing to do with the Dogecoin Foundation.
Elon Musk Denies Involvement in Dogecoin Foundation
“Jared and I have no connection at all with the Dogecoin Foundation,” Elon said responded to Mishaboar’s tease on October 24, 2021.
Neither Jared, nor me, nor anyone I know has anything to do with this foundation
— Elon Musk (@elonmusk) October 24, 2021
This statement of course confused DOGE fans. Because, at the beginning of September 2021, The Dogecoin Foundation has officially announced that Elon Musk is a new member of the Dogecoin Foundation Advisory Board. He was represented by Jared Birchall for legal and financial matters.
There was also another new member, namely Vitalik Buterin for blockchain technical matters.
SHIB Price Projection
Despite being quite depressed after Elon’s statement, technically the SHIB price still has the potential to strengthen.
If SHIB is able to break the resistance of US$0.00000397, then there are 3 next achievement targets, namely US$0.00000422, US$0.000045 and US$0.00000492. When this article was written, SHIB was still corrected in the range of US$0.00003814.
While the highest price of all time recently was US $ 0.00004442.
That is, with the scenario bullish This time, the price of SHIB could set a new record high again.
For weekly analysis, patterns candlestick inside-bar hidden last week, October 11, 2021, confirmed an increase in demand for SHIB tokens after the previous breakout of channel growing bearish which kept the price in the range for about thirteen weeks.
As for the daily, the divergence pattern bullish hidden on October 15, 2021 above along with inside bar bullish identified on the weekly timeframe played a key role in the recent spike in the price of the SHIB token beyond the significant US$0.000035 resistance.
Next for time-frame 4 hours, Break above divergence resistance bearish on 23 October 2021 triggered the decision to upgrade the position bullish existing SHIBUSDT. [ps]
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