Why is there a sharp increase in the price of the Shiba Inu coin?

[seoguy]

Recently I found that there had been a sharp increase in the price of shiba inu coin. Is there any specific reason behind this ?

[admin]

Whenever there is increase in price of any coin, it is because some favourable news came in favor of that coin. I think Elon planning to integrate crypto payments on Twitter has given boost to all coins and thus Shiba inu coin price has also increased.

[lyu]

Recently I found that there had been a sharp increase in the price of shiba inu coin. Is there any specific reason behind this ?

There has been no sharp increase recently. The coin is price is flat for last few days.