Shiba Inu surged by 70% in the past 24-hours, going from a daily low of $0.00000827 to a daily high of $0.00001500. Dogecoin competitor Shiba Inu remained mostly inactive even after the rest of the crypto market saw a bullish burst in August and in October. The reason behind the recent price surge in SHIB is Elon Musk's tweet. The billionaire posted a photo of Floki which may have led to the price surge.