Elon Musk also helped $SHIB

The market is especially excited about Elon Musk's move, so much so that $SHIB, which has nothing to do with Twitter or the Tesla chief, is also rising in value.
Elon Musk has made another move. The change of Twitter's logo, in which the bird was replaced by Doge from Dogecoin, led to a sharp rise in the value of the famous cryptocurrency meme. However, it wasn't just $DOGE that took advantage of this, as almost at the same time another cryptocurrency meme with some followers, $SHIB, also rose significantly in value in the market.
That value has largely held up, and as of this writing, $SHIB is up about 7%. And all this with no news other than from Elon Musk.

Elon Musk also helped another token

Elon Musk, at least this time, seems to have made a bigger deal than usual. Although his stance on $DOGE has earned him several court battles, the Tesla and Twitter boss continues to tickle fans and the market with his tricks that don't always please everyone.
The difference is that, at least this time, it's not just $DOGE that wins. The entire so-called coin and token space was awash in flagging changes, as can easily be guessed by looking at the $SHIB price, which rose nearly 10% in a few minutes and then reached a solid +7% in 24 hours.
For those who do not often visit such markets, such movement is hard to explain, and it also suggests - at least according to detractors - a certain immaturity. The fact is that SHIB closed yesterday in positive territory and even managed to maintain a specific and meaningful portion of that gain.

Waiting for more news: Musk can't last forever

Another issue that needs to be addressed is the impossibility of Musk's release, especially if it has little to do with fundamentals, supporting prices forever. And we expect good news from Shibarium and other projects related to the $SHIB ecosystem. These projects are numerous and continue to attract many enthusiasts - despite the skepticism of many - but they will have to face increasing competition in the metaspace and in the second-tier world during 2023.