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SHIB Not Hurt by Elon Musk’s Negative Tweet, David Gokhshtein Explains Why

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Yuri Molchan

Crypto influencer stresses that the latest SHIB rally has nothing to do with Elon Musk or Robinhood’s potential itemizing

Head of PAC Protocol David Gokhshtein has taken to Twitter to stress that the Shiba Inu (SHIB) meme forex rallied to its Sunday all-time excessive with out Elon Musk pumping it in his tweets, and the mission has not been harm by the centibillionaire’s tweet posted on Sunday.

“SHIB is not hurt by today’s tweet by Elon Musk”

In his latest tweet, the CEO of PAC emphasised the truth that Shiba Unu reached Sunday’s all-time excessive with out Elon Musk pumping the meme coin.

Therefore, Gokhshtein provides, the SHIB mission has not been harm by the tweet Musk posted on Sunday, saying that he doesn’t maintain SHIB and {that a} crypto mission ought to create actual worth by offering “goods and services to fellow human beings” and never attempt to earn a living in any type.

Gokhshtein added that had Musk tweeted in the identical method about Dogecoin, it might probably have impacted the coin negatively, hinting that Dogecoin and its group rely on the appraisal Elon Musk offers it on Twitter.

The PAC Protocol CEO additionally tweeted that the brand new lifetime peak was reached by SHIB without being listed on the Robinhood app.

SHIB plummets after Musk’s tweet

The canine cryptocurrency, referred to by the SHIB group because the “Dogecoin killer,” went down after Elon Musk rejected it in his tweet.

On Sunday, Oct. 24, SHIB soared to a brand new historic peak of $0.00004442. On the identical day, after the Tesla CEO posted his “anti-SHIB” tweet, the second-largest meme cryptocurrency plunged roughly 14% to $0.00003472. However, in a while, SHIB recovered to the $0.00004 stage.

SHIB turned the third-most-traded crypto after Bitcoin and Tether (surpassing even Ethereum) and have become the most-traded crypto on Coinbase by margin.

At press time, the crypto is buying and selling at $0.00003879, as per information supplied by CoinMarketCap.

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Image by way of CoinMarketCap

Robinhood provides SHIB to its buyer survey

On Saturday, U.Today reported that the Robinhood app, which is anticipated to record Shiba Ibu quickly, included SHIB in its buyer survey to examine their crypto preferences.

The survey contained an inventory of cryptos and a query as to whether or not a person has lately purchased any of the cryptos supplied on the record, together with SHIB, XRP, ADA, DOGE and some different fashionable cryptocurrencies, along with Bitcoin.

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