Elon Musk’s Shiba Inu coin: How did he contribute to a 350% increase in SHIB?

In recent weeks, the price of SHIBA Inu has increased by more than 350 percent.

The coin’s current value is $0.00002836, making it one of the most widely traded cryptocurrencies.

The value of SHIB, as the coin is called, skyrocketed on October 4 as a result of a tweet by billionaire entrepreneur Elon Musk.

It’s important to realize, though, that Shiba Inu, like any other cryptocurrency, may go up as well as down.

That’s because are very volatile, and investing in them carries significant risks.

You may lose all of your money, and because they are not regulated, you will have no one to complain to if something goes wrong.

Only invest money that you can afford to lose on financial items that you understand.

Shiba Inu is a newer currency that is even riskier than more established tokens like bitcoin and ethereum.

Why did the cost of a Shiba Inu increase?

On October 4, Elon Musk posted a photo of his dog Floki.

The puppy is a Shiba Inu, which is the Shiba Inu coin’s mascot.