Yesterday’s videos show a huge advertisement for the Shiba Inu coin in New York’s Times Square. Since then, the token has increased by double digits.
The Shiba Inu coin, a dog-themed cryptocurrency, has fired in the past 24 hours. The reasons are numerous, with a recent announcement in New York City likely contributing.
“soon we will reach the moon”, says the gigantic digital billboard. Alongside the mantra of the cryptocurrency industry is a cartoon Shiba Inu dog in a dress shirt and tie, mimicking the Wall Streeters of yesteryear, just a 20-minute drive from Times Square.
The promotion comes at a time when all dog coins, including Shiba Inu, Dogecoin and Floki Inu coins, have had a bizarre run of good luck. Since the SHIB promotion started circulating on Twitter yesterday, the ninth-largest cryptocurrency has increased a total of 17.3%.
— Shiba INU Updates (@ShibUpdates) October 31, 2021
SHIB is an Ethereum-based token, created by a developer using the pseudonym Ryoshi.
Launched in August 2020, it has attracted a lot of attention within the cryptocurrency industry in recent months – largely due to the indirect involvement of Vitalik Buterin, co-founder of Ethereum.
Last week, SHIB entered the top ten of the largest cryptocurrencies in the world, having reversed both Dogecoin and USDC stablecoin. The asset is changing hands for $0.00007320 at the time of publication, 15% off the currency’s record last week, according to CoinGecko.
In an interesting twist of events, the Binance announced today it will open trading for the SHIB / DOGE pair, allowing traders to place direct bets on any of the competing currencies.
According to the announcement, trading in the SHIB / DOGE pair will open on Tuesday, November 2nd.
Rumors from Tesla made the price of SHIB rise.
To add a dash of intrigue, rumors began to circulate that electric car maker Tesla might be adding SHIB as a payment option.
That’s what Sawyer Merritt, a well-known Twitter personality with over 85,000 followers, pointed out in one of his latest posts.
So it appears the Tesla website source code shows SHIBA (aka $SHIB) under the payment type section in the code when clicking ‘inspect element’ during checkout. It’s not live however. Since I am not a coder or anything, I’ll let ya’ll figure out what the heck this means lol. pic.twitter.com/bhlZfGKHPY
— Sawyer Merritt 📈🚀 (@Sawyer Merritt) November 1, 2021
More specifically, Merritt noted that Tesla’s website source code shows Shiba Inu listed in the “inspect element” during verification.