Shiba Inu resumes bull run amid Tesla adoption rumors

Shiba Inu, SHIB, Robinhood, Elon Musk
Shiba Inu, SHIB, Robinhood, Elon Musk

ASSAM (CoinChapter.com) — Shiba Inu (SHIB) continues to dominate the market, with a 32.69% rise in the token’s trading volume in the last 24-hours and prices rising by more than 20%. As a result, the market capitalization of SHIB also surged by 17.51% today. 

A rumor has been traveling around in the crypto world regarding the adoption of SHIB by Tesla. If true, this would make every major investor out there bullish on Shiba Inu’s trajectory.

SHIBUSD daily price chart. Source: TradingView
SHIBUSDT daily price chart. Source: TradingView

While no confirmation has been received from Tesla’s team or Elon Musk himself, several instances of Shiba Inu being embedded into the official Tesla website can be seen. For example, you can investigate the occurrence of “SHIBA” in the images below shared by a Twitter user by the name Shiba Inu News.

Shiba Inu replaces Dogecoin?

Dogecoin has always been a favorite of Tesla’s CEO, Elon Musk. However, in a recent question, asked in a tweet by a SHIB fan account, Shiba Inu Hodler, regarding the number of SHIB tokens he owned, the billionaire replied, “none.”

Comparatively, in the B-Word Conference held back in July, Musk said:

“I do own BITCOIN and Tesla owns bitcoin, SpaceX owns bitcoin, and I do personally own a bit of ETHEREUM and DOGECOIN, of course.”

Therefore, musk has not confirmed owning SHIB tokens. However, the above images presented on the Twitter page say otherwise. 

Created in August 2020, Shiba Inu has been dubbed the “Dogecoin killer” and has rightfully earned that title after taking the 9th position in the market, defeating Dogecoin in terms of market capitalization. 

Shiba Inu continues to soar

SHIB rose by more than 100% in the last seven days and rose by roughly 830% in October, closing the monthly candle at $0.00006697. Shiba Inu’s successful climb to the top caught the attention of whistleblower, and ex-DELL employee, Edward Snowden, who warned every person who invests in “dog money.”

Snowden issued a warning, saying, “please carefully consider your odds of outsmarting a market that sold you its stake in *not even dog money but a CLONE of dog money.

However, today, Kraken Exchange announced that it would list SHIB if it got 2,000 likes. Surpassing this number in less than 15 minutes, it seems that the bullish outburst of the token will continue for November as well.

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