Its better to call musk an opportunity detector instead of boss behind shiba. As he was already a successful businessman behind "doge hype", now he is willing to move on & showing his interest on shiba for react such meme hype. Doge can be considered as okey but shiba is still doubtful to me! Cause it has no use. It might be bubble and value of it, could be go down as fast as it gained volume
That's why Elon Musk can become the richest person in the world, because he is good at detecting opportunities to make money. As he did when
manipulating the price of Dogecoin, I believe Elon Musk is already making a lot of money from Dogecoin. So it's possible he did the same to the Shiba Inu,
but maybe he's not doing it publicly right now, because he learned from experience the many negative words after Elon Musk managed to make a profit
from Dogecoin. So Elon Musk is likely the one who will pump and dump on the Shiba Inu. Therefore, be careful investing in meme coins, the risk is very high,
if we are not careful we can lose our capital.
I don't think Elon is still behind Shiba Inu coin as Shiba is a parody of dogecoin. Yes, they are both meme coins but it does not guarantee that they will create the same future. Dogecoin never had a good impression from most of its investors because it was solely manipulated by Elon who is only concern for his own financial desire and when he already get it, he stops shilling dogecoin and end up seeing it dumping its price, making those investors lose in the end. But Shiba Inu i think will also have a different future as the demand never stops.
However, knowing meme coins don't last long compared to those well established coins, we can still invest in it but with high caution if we don't want to see ourselves losing in the end.
It is true that Dogecoin and Shiba Inu have different future, even though they are both meme coins. Maybe my guess is wrong by saying
Elon Musk is behind the hype that happened to the Shiba Inu, because I don't have any evidence to support my guess. Regardless of who
was behind the Shiba Inu, indeed the demand for Shiba seems to be increasing, so if we are careful we can still generate profit from
the Shiba Inu. But investing in Shiba Inu is only for the short term and if it is profitable, it is recommended to immediately take profit.
Holding a Shiba Inu for too long carries a very high risk, and I don't recommend it for newbies investing in Shiba Inu. Because the newbie is
not ready to invest in Shiba Inu which is used for pump and dump, newbies can't analyze well and can't control emotions well either.
So it is very risky to lose money if newbie force an investment in Shiba Inu.