I'm not sure if Elon Musk has participated in the Shiba Inu project, another meme coin that has been so hot in the market. This project listed the known project as it was because the developers wanted it but for me, it was not enough to determine if that is a good project to invest in. Maybe they have the potential compared to Doge but if we talk about long-term investment, I'm become uncertain knowing that this is a meme coin.
Maybe some people think that Elon will participate in the Shiba Inu project, considering he mentioned it in several of his tweets, besides that Elon likes to play with meme coins so that it reinforces people's assumptions that Elon will participate, but in terms of whether Shiba coins are good or not to invest still needs a lot of research, in the behavior of meme coins nothing can last long in the crypto market but if you are lucky to enter and exit at the right time on a meme coin will make a lot of profit, on the 17th yesterday Shiba experienced a price spike of up to 70 % and it's sure to make a lot of people benefit from it but we can see the graph dropping again, I personally have my doubts about Shiba considering he's just a meme coin.