Quote from: rhodelmabanal on October 25, 2021, 06:31:26 PM

I found a news that the Shiba Inu commuity is not happy with Elon Musk. $SHIB crashed after Musk revealed he didn’t own it and only had BTC, ETH and DOGE. Elon Musk has a Shiba Inu puppy at home. Elon Musk has joked about Shiba Inu, but Elon Musk doesn’t hodl Shiba Inu.

Replying to one of the many Shiba Inu accounts on Crypto Twitter, the famous Elon Musk confirmed that he didn’t own Shiba Inu, despite being a highly influential figure for that community.

I think this will have an effect with the Shiba price but not a big effect because Shiba is still at 0.000042$ at price even if Elon musk revealed he doesn't own Shiba what was your thoughts on this folks?

Elon Musk doesn't own SHIBA simply because the coin is full of sh*t. It's all about hype without providing real use cases to the mainstream world. The same can be said about Dogecoin, although this old cryptocurrency has its own blockchain network with strong community support. Remember, "not all that glitters is gold". There are thousands of cryptocurrencies striving to reach the top, but only a few are well worth the investment. SHIBA is not one of them, simply because it lacks active development and innovation. Not to mention, there are many coins in circulation on the market right now. The bigger the supply, the less valuable the asset in question will be. In crypto land, anything's possible so I wouldn't be surprised if someday Elon Musk change's his mind about SHIBA. Just my thoughts Grin