The influence of Elon Musk, despite the appearance that he was seeking to disassociate himself from the world of cryptocurrencies, is still latent and he would have a new favorite cryptocurrency, Shiba Inu, causing a rise of 17%.

Given the storm of volatility and plummeting that we are experiencing in the world of cryptocurrencies, it seems that the billionaire Elon Musk has a new favorite coin, the Shiba Inu.

Recently we were able to learn about the millionaire demand that it currently faces from dogecoin investors. We talk about one class action lawsuit filed Thursday in a Manhattan court by a dogecoin investor who accuses Elon Musk, Tesla and SpaceX of operating an illegal company with which they seek to inflate the price of the cryptocurrency at their mercy.

However, a few days ago (June 19) he tweeted that the accumulation of Dogecoin will continue even after the memecoin crash in the cryptocurrency market. This tweet influenced the price of Dogecoin to rise by 6%.

The novelty is that the billionaire seems to have a new favorite token and he wanted to demonstrate it in his very viral Twitter account. And it is that the result of this has not been long in coming, shooting up the price of the memecoin by 17%. We leave you, then the tweet we talked about.

My Shiba Inu will be named Floki

— Elon Musk (@elonmusk) June 25, 2021

We don’t really know the reason for this shift in thinking, although it seems logical that the demand by dogecoin investors has a lot to do with it. Besides, we are talking about Elon Musk, so anything seems possible.

As for the Shiba Inu, many experts predict that it will emerge stronger from this great crisis, just as bitcoin is expected to do.

And it is that, although the panorama continues to paint very volatileShiba Inu has attracted the attention of several new investors of cryptocurrencies due to several projects related to the Metaverse, Web3 and an inclusion of the currency for the purchase of products (supercars such as Ferrari, Lamborghini, Rolls-Royce, Aston Martin).

Thanks to its rising profits, it could fuel a recovery. This cryptocurrency seems to have been gaining momentum and it looks like it is going to become the main altcoin in this falling crypto market.

On the other hand, as we have already anticipated, the latest addition to the Shiba Inu network is the ShibaBurn and the ShibaSwap and this will predictably generate great benefits.