#马克思 💥Dogecoin and Shiba Inu Coin have a "deep brotherly love", Musk's Twitter effect has caused a stir again!
#狗狗币崛起 Did you know? In 2021, Elon Musk mentioned raising a Shiba Inu on Twitter, and the cryptocurrency circle went crazy! His mention was not as simple as simply mentioning a dog, the story behind it is huge.
Back then, Dogecoin was already an Internet celebrity, and it was extremely popular based on the Internet meme of dogs. Musk saw that this was good, and began to support Dogecoin in early 2021. As a result, in March, he set his sights on Shiba Inu Coin, which is the Shiba Inu.
Don't say that Shiba Inu Coin is also very competitive. It was unknown at the beginning, but as soon as Musk mentioned it, the price rose like a rocket. It soared from a few cents to several dimes, that speed is simply amazing!
However, this good time did not last long. By the end of 2021, everyone knew that this was a speculative bubble, and the price fell "whoosh". After this fall, it never got up again. In a year and a half, the price fell so badly that 90% of it fell.
Even if the market picks up at the end of 2023, it can't pull up Shiba Inu Coin. As for Musk, he didn't mention it much after July 2022.
But then again, Shiba Inu Coin and Dogecoin are now very close. When one rises, the other also rises. But it's a bit difficult for Shiba Inu Coin to return to its former glory.
Musk's attitude towards cryptocurrencies has also changed now, and he doesn't support it publicly. Dogecoin is still the same, with no technical updates. Shiba Inu Coin has launched a Shibarium Layer 2 solution, but the price hasn't changed much.
In general, there are more and more memecoins on the market now, and the competition is getting more and more fierce. If Shiba Inu Coin wants to stand out again, it may have to come up with some new tricks. Otherwise, it may remain unknown.
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