Shiba Inu $0.00004813 ATH: What’s driving SHIB today?

TL;DR Breakdown

  • SHIBA INU sets new All-Time High price of $0.00004813. 
  • SHIBA INU community react to recent price drop due to Elon Musk Tweet.
  • SHIBA INU price regains a bullish momentum.

SHIBA INU price has resumed its bullish momentum today, with the token recording new ATH a few hours ago. At the time of this writing, the SHIB token is trading at USD 0.00004738. 

The new trend places the “Dogecoin Killer” back at position #11 by Market Cap with a market dominance of 0.086 percent.

Shiba Inu fans recently witnessed a shocking turn of events when the cryptocurrency hit its all-time high (ATH) on October 24th. 

The rally continued smoothly until one of the Shiba Inu accounts on Twitter decided to Ask Elon Musk the amount of SHIB tokens he owns. 

The move, however, backfired on the SHIBA team when Elon Musk responded that he owns “None.” The remark led to a sharp drop in SHIBA INU price, moving the token from number #11 to #13 rank by Market Cap.