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Shib News: SHB/USD skyrockets by nearly another 100% in the aftermath of Elon Musk's SNL appearance

Shib News: SHB/USD skyrockets by nearly another 100% in the aftermath of Elon Musk's SNL appearance
Yohay ElamYohay ElamFXStreet

Shiba, a relatively new cryptocurrency that has burst into the spotlight recently, has been extending its gains on Monday. The canine-themed digital asset is up over 90%, changing hands at $0.000028 at the time of writing. 

Shib's price has been spiking following Elon Musk's mention of Dogecoin on Saturday Night Live. The billionaire founder of Tesla and SpaceX appeared on the popular comedy show and mentioned the crypto that started as a joke. While Doge tumbled in an apparent "buy the rumor, sell the fact," response, other assets are on the rise. 

More Dogecoin Price Forecast: DOGE eyes consolidation after its recent pullback

Shib coin, where to buy it? This cryptocurrency is available on various exchanges, but not on Coinbase, the most prominent one. 

Author

Yohay Elam

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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Shib News: SHB/USD skyrockets by nearly another 100% in the aftermath of Elon Musk's SNL appearance