US gubernatorial candidate expresses unwavering support for Shiba Inu, highlighting its potential for regaining traction and attracting more users.
Amid the market turbulence, Shannon Bray, a prominent US gubernatorial candidate in North Carolina’s upcoming elections, has publicly expressed his unwavering support for Shiba Inu (SHIB). Bray took to Twitter to share his enthusiasm for the digital asset, highlighting its potential for regaining traction and attracting more users.
“I get paid tomorrow, and I’m still buying SHIB,” the US political figure remarked.
— Shannon Bray 🪙 (@ShannonBrayNC) June 13, 2023
The conversation began when SHIB KNIGHT, a well-known influencer in the Shiba Inu community, asked the crypto community about the meme coins they were investing in during the current meme coin season of 2023.
Responding to the query, Shannon Bray tweeted confidently, stating that he intends to purchase more Shiba Inu despite the availability of numerous other options.
He emphasized his belief that no other coin could match SHIB’s level of popularity and anticipated that people would flock back to it, largely due to the influence of Robinhood, a popular trading platform.
Recall that in 2021, Bray joined the SHIB Army and changed his Twitter profile to reflect the coin, as reported by The Crypto Basic.
Bray’s endorsement of SHIB holds significance because he is a gubernatorial candidate and his status as a public figure with a considerable following. His support may contribute to the growing interest in SHIB and further consolidate its position in the rapidly expanding market.
Shiba Inu in the Crypto Community
Shiba Inu has gained substantial attention, popularity, and utilities over the past few years. With its Shiba Inu-themed branding and a community of dedicated supporters, the crypto asset has managed to capture the imagination of many investors.
Specifically, according to data from the well-known market tracker, CoinMarketCap, SHIB ranks as the second most significant meme coin, with over $4 billion in market capitalization. Interestingly, SHIB’s closest competitor, PEPE, is more than ten times below, with a market share of only $360 million.
While the overall meme coin market has witnessed both rapid growth and volatility, Shiba Inu has managed to maintain a prominent position, largely due to its loyal community and widespread recognition.
Additionally, platforms like Robinhood have played a significant role in facilitating the accessibility of SHIB to a broader audience. The exchange recently delisted several prominent coins like Cardano and Solana, while still supporting SHIB, as reported by The Crypto Basic.