Videos from yesterday show a huge advertisement for SHIB coins in New York’s Times Square. Since then, the token has risen by double digits.
Shiba Inu in Times Square
The SHIB price has risen sharply in the past 24 hours. There are several reasons for this. One of those reasons is the huge Shiba ad in New York.
“We will soon reach the moon,” reads the giant billboard. Next to the text is a cartoon Shiba Inu dog in a shirt and tie.
The promotion comes right after a huge price hike. Shortly after the ad started circulating on the internet in New York, the share price rose by 17%.
— Shiba INU Updates (@ShibUpdates) October 31, 2021
SHIB is an Ethereum-based token created by a developer named ‘Ryoshi’. The token was launched in August 2020 and has received a lot of attention in recent months. This is in large part due to the indirect involvement of Vitalik Buterin.
Last week, SHIB broke into the top ten of the world’s largest cryptocurrencies, overtaking both Dogecoin and the USDC stablecoin. The SHIB price at the time of writing is around $0.00007320. This is 15% away from the ATH.
The SHIB/DOGE trading pair
In addition to the huge billboard, there is more good news to report today. Binance has announced that it will open the new SHIB/DOGE pair. This allows traders to bet directly on any of the competing currencies. According to the announcement, the SHIB/DOGE pair will open on Tuesday, November 2.
Tesla Rumors Drive SHIB Price Up
Furthermore, rumors began to circulate that automaker Tesla might add SHIB as a payment option.
This is what Sawyer Merritt, a twitterer with more than 85,000 followers, pointed out in one of his tweets.
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 📈🚀 (@SawyerMerritt) Nov 1, 2021
More specifically, Merritt noted that the code from the Tesla website mentions Shiba Inu during checkout.
“It appears that the Tesla website source code shows SHIBA (aka $SHIB) under the payment type section in the code when you click ‘inspect element’ during checkout. However, it is not live,” he wrote.”
Web developer under alias hendra.eth responded to Sawyer’s tweet, saying that the code does indeed say that SHIB will be a payment option for Tesla. hendra.eth wrote:
“I’m a programmer and as far as I can tell it looks like $SHIB becomes part of the payment gateway when you choose ‘Crypto’ at checkout.”
He confirmed that the code in question is on Tesla’s website.