Gokhshtein backs Shiba Inu again.
Despite the growing adoption of the recently launched meme coin The Protocol (THE), some die-hard investors of other existing meme-based tokens are not planning to switch their preference for it.
David Gokhshtein, a prominent cryptocurrency influencer and the founder of Gokhshtein Media, is among those investors who are unwilling to delve into the newly launched memecoin.
In a recent tweet, Gokhshtein expressed his undying support for Shiba Inu (SHIB) by saying he would stick to the canine-themed cryptocurrency. Gokhshtein added that he has zero interest in the newly launched SHIB killer “THE.”
“I’m sticking with $SHIB — not interested in THE at all,” Gokhshtein said.
— David Gokhshtein (@davidgokhshtein) October 23, 2022
Gokhshtein Favors SHIB Ahead of Others
It is noteworthy that this is not the first time Gokhshtein publicly backs Shiba Inu. The cryptocurrency influencer has frequently visited Twitter to make favorable predictions for SHIB.
Earlier this month, Gokhshtein predicted a “parabolic rally” for Shiba Inu in the next bull run, a period that serves as a catalyst for massive rallies in cryptocurrencies.
Before making the prediction, Gokhshtein had expressed regret over not “going all in” on Shiba Inu while investing in meme-based cryptocurrency.
“When it came to meme tokens, I should have just [gone] all in on SHIB,” he said.
THE’s Sudden Launch
THE Protocol is the rave-of-the-moment meme coin launched based on a suggestion made by Vitalik Buterin, the co-founder of Ethereum. Buterin jokingly said a cryptocurrency dubbed “THE Protocol” should be created, which will be easy for influencers to promote the project. According to Buterin, influencers can promote the token by referencing statements mentioning “THE”.
It did not take long before unidentified persons took his suggestion seriously and decided to launch a token. The token mainly referred to as Shiba Inu killer, took a leaf from the playbook of Shiba Inu by gifting 100 million units of the cryptocurrency to Buterin. Thus, making him the largest token holder.
Since THE’s creation, the token’s value has spiked tremendously, up over 1,000% on Tuesday, October 18, 2022. At the time of writing, THE is down 5%, according to data from Coingecko. THE has been listed on top cryptocurrency exchanges, including MEXC Global and Bitget.