The leading meme cryptocurrency, Dogecoin (DOGE), may face intensified rivalry from its key competitor, Shiba Inu (SHIB). Lucie, the chief marketer for Shiba Inu, has indicated that SHIB might surpass Dogecoin, particularly with Elon Musk’s backing for DOGE. The competition is further fueled by the possibility that DeLorean Motors, a prestigious car manufacturer, might integrate SHIB as a payment method.
DeLorean Motors Hints at SHIB Payments
On October 12, DeLorean Motors teased the potential acceptance of Shiba Inu for their upcoming electric vehicles through a post on X (formerly Twitter) here. In a light-hearted jab at Dogecoin and Tesla, DeLorean Motors implied that with Tesla accepting DOGE payments, they might consider SHIB as well.
This statement sets the stage for a head-to-head matchup between Musk-backed Dogecoin and Shiba Inu, as both meme coins gain traction from some of the automotive industry’s most iconic brands. Additionally, Lucie stirred interest with another X post, stating that Shiba Inu’s inclusion in DeLorean Motors’ payment model could lead to significant growth for the meme coin. She emphasized a potential competition between both coins, with Tesla supporting DOGE and DeLorean possibly supporting SHIB.
Lucie articulated that if DeLorean Motors opts to accept Shiba Inu payments for its electric cars, it would serve as a strong endorsement that could elevate SHIB’s status, potentially facilitating wider acceptance and a price surge. She also disclosed that DeLorean Motors is reviving its iconic DeLorean DMC-12 sports car, aiming to convert it into an electric vehicle, thus merging nostalgic and innovative automotive technology.
Shiba Inu, Dogecoin, and Tesla: A New Era
With Shiba Inu strategically positioned to tap into DeLorean Motors’ payment ecosystem, Lucie suggested that the coin has the potential to outshine Dogecoin, considering Musk’s Tesla involvement. In a noteworthy move in May 2024, Tesla began allowing DOGE payments for selected items in its merchandise shop.
This unexpected development resonated throughout the meme coin market and cryptocurrency sector due to Musk’s earlier support for Dogecoin in April 2019. According to Lucie’s recent updates, if Shiba Inu captures a similar breakthrough with DeLorean Motors, it could significantly benefit the SHIB community and the overall market valuation of the meme coin.
Furthermore, DeLorean’s backing could open new premium markets for Shiba Inu and foster greater global adoption of the cryptocurrency. Although Lucie has acknowledged that the potential for SHIB payments at DeLorean remains unverified and speculative, she is nonetheless optimistic about its prospects.
