Shiba Inu and Dogecoin, former profit kings of the cryptocurrency market, have been busy staying in the top 10 recently. Since the beginning of the year, SHIB has advanced from 50th place by market value to 8th place with the latest whale loot. Now, as the fierce battle between the two continues for tenth place, veteran finance commentator Keith Speights thinks another meme token might surprise him.
Before we move on to Speights’ comments, keep in mind that these are no more than guesses. There is no certainty that the targets will be achieved by what is said by any analyst. Therefore, it is useful to be careful and evaluate your money by doing your own research.
Next meme coin may be Elon Musk linked
Veteran financial analyst Keith Speights thinks Dogecoin and Shiba are definitely linked to Tesla CEO Elon Musk. Announcing himself as the “Dogefather” in the past months, Musk has become a vocal supporter of Dogecoin. Despite not personally owning the Shiba Inu token, his tweets of photos of the Shiba Inu puppy drove the price of the cryptocurrency up. Besides, Elonomics (ELONOM) is inspired by Musk and bases its name on him. Elonomics even uses a picture of a Musk-like person wearing a Viking horned helmet in its logo. So could SHIB or DOGE be next? According to Keith Speights, ELONOM is very close to that.
Could Elonomics be the next DOGE or SHIB?
It’s possible, according to Keith Speights, whose comments we got. However, one of the most important things that increases the value of a cryptocurrency is its availability on exchanges. It is currently available for purchase using Elonomics, TrustWallet, and MetaMask crypto wallets. It is not yet available on leading exchanges like Coinbase though.
Another thing to note about Elonomics is the huge gains it makes in one day. Several major media outlets have published articles about it. Positive news could make a cryptocurrency king or dethrone, according to Speights. In fact, even an eccentric billionaire can move the price with his tweets. Speights also draws attention to the Elonomics performance on November 16.
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