Crazy SHIB Gains || What You Need To Know
DumbMoney w/ Matt Kohrs
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Check this out trading at 3253 exploding off of roughly 22 roughly give or take at this moment in time. Ever since what feb 6, we are up almost 45. This is ripping ripping ripping. This is kind of showing me um.

What one of the main lessons we've learned over the past year is you can't really bet against communities, because you never know when they're gon na like rear up their head and just rip apart some of the shorts? She, if you were able to diamond hand it coming off of its all-time high seriously, like let's see if this keeps going, i'm right there with you. I still have all of my sheep. In fact, a couple months ago, i even added more to my position when things were getting very, very exciting, so i'm ready for this to rip rip rip now what i want to dive into before we get into some of the other specifics here is really like What what's going on with this i mean yeah, we get that all of crypto is green, but why is like shebe so much more green? Well, you got ta check this out. Bitcoin notch's longest rally since september cbe new jumps so once again making headlines bitcoin moves above 44, 000 and chibi inu leaves a surge in meme tokens.

I mean even the motley fool had to like. Really, i guess, pay a little bit of attention to how crazy the dogecoin killer is going. It's happening again. Shiba inu goes parabolic shooting 38 higher.

Today you know i get it. Bloomberg has to talk about it. You have barons, they have to talk about it. Motley fool, but you know something: crazy has happened when our boy elon musk, so it's finally come to this.

This is absolutely hilarious and then, at the top, instead of simba we have shiba inu. So yes, obviously there's an overall bounce in the crypto sector. So it's like kind of equivalent to like the s p 500 headwinds tailwinds when you see all of crypto bouncing it's easier for, like the individual ones to bounce, but on top of it there are some interesting developments that just came out shape e new partners with Italian fast food restaurant to launch a sheep themed joint, so the shiba inu team actually chose this um restaurant. As of now there's one of them.

It's like a higher quality, fast food type deal in naples, italy um. The name of it is wellies because they were looking for someone who shares the same values, which i i definitely respect, that they refrain from partnering, with huge, centralized conglomerations that are con agriculture and known for selling food that is harmful, subpar and possibly poisonous welly still Has a single store in naples, italy: the company aims to open multiple new ones in the next few years. The partnership with shiba inu should help both sides expand rapidly on a global scale. So that's the development and there was another piece of so.

You have overall kryptos bouncing, yes, there's a partnership, and just so you know there's another one who burned over 200 million sheep, so obviously as supply goes down, demand stays the same or goes up. Naturally, the price that equilibrium between supply and demand will continue to go up, as i was looking more into the story at first, maybe you're thinking it of like. Oh well, okay, um. What what's the actual deal here? Did they just pay to get like the like cartoon, shaving enu, all over? In fact, it's actually like a true through and through business partnership, which i thought was actually very very exciting.
Each of the elements that make up our econ system, as in the sheba like the shebe ecosystem, have unique value propositions to a business that is looking to revamp current practices and make a lasting impact on their industry. In essence, sheep is a method of payment in store and potentially doge. I like doge2, elon ha, but sheep is also burnt through the shiburium transactions and other burns to be revealed and then there's the constant use of bone in the shiburium. Let's not forget that leash and shiba oshi holders will get exclusive access to perks, discounts and rewards.

Finally, for a project like wellies shavurim is the perfect way to track the food that you put into your body. Also, your peace of mind and well-being can be found with every bite. Moreover, specifically within the welly's business model, the sheep community can take part in the deployment of new stores through making choices in the doggie dao, which i love, purchasing, nfts for exclusive benefits or just enjoying good food and sharing our vision with those who still think we Are just a meme so before i get into more of like my in-depth thoughts of this, i just want to show you how good this food actually looks like i get that it's considered quote unquote fast food, but when they say they're trying to make higher quality Fast food they are not kidding around. This looks absolutely amazing anyway.

My true overall thoughts right now on this partnership and cheap. So i get it crypto's ripping right now and we're even seeing the market a little bit of some relief there in the overall equities market. So money's, like pouring back in to kind of like these risk-on assets like higher risk higher growth, which is awesome, that's obviously going to benefit some meme as mainstream media would call it equities. Some mean coins once again as mainstream media would call it but more specific to this partnership.

Hey i get it one deal with one high quality, fast food restaurant chain: that's not going to be the thing that, like completely causes it to rip to a new all-time high, but look at it this way, whenever you're building out an ecosystem whenever you're building out A business foundation it takes time in a long journey. You've got to start with one step and that's how exactly how i view this. This is one step in a very positive direction, hopefully leading to an overall, very positive journey. So right here we know it's one, but between the doggy, dow and people being able to vote and really seeing the positive reaction to this.
It might lead to two which could lead to four and then eight and then 16 and 32. You just never know where it's going to go and hey it's a positive step, and to get more of like a positive reaction overall of like where this could go in a couple months. In a couple of years, you got ta start somewhere and that's exactly how i view this. I view this as just like a reasonable starting point, and hopefully it can catch fire and do even better.

Now, let's take a little bit at like a look at the price action. Obviously we had this explosion at one point, all the way up to 89 and since then, we've been seeing lower highs and lower lows, and that's what's so exciting, at least from a technical perspective. Right now is we're hopefully getting this technical breakout above 33.. Yes, it's on the north side of the keltner, so it's like, maybe potentially a mean reversion.

The technicals are a little hot right now, but i would love to see the run-up and test of 40.. It is the high from basically right around christmas, the end of 2021, if we can break and hold above that, i think this thing keeps cruising hey and once again, similar to the overall journey for the ecosystem, same thing for the chart for this to get back Up here, slow and steady wins the race look for that natural ebb and flow. Look for the push, the consolidation for the technicals to cool off the next push. Once again, let the technicals cool off overall, with continuous, positive developments like this and also with the overall crypto sector.

Look for that to continue to do well - and i talked about this a little bit before, but really, i think in the short term. It's going to continue to do well because the amount of ads that were purchased for the super bowl that relate to crypto is an immense amount. So i think there's other people who are just going to get overall, more and more interested, so short term, medium term. Long term, hey has potential more than excited to see how this does play out.

I'm betting on it myself just to be completely transparent. Yes, i own cheap. I would love for this to rip higher and higher and higher. Now this is the type of content that we get into far more detail on the crypto course channel.

So if you like sheeb, if you like, crypto, if you like, nfts metaphors anything really related to the world of blockchains and crypto smart contracts, all that stuff, you got to check out the crypto course channels. We have live streams. We have vods we're going to be doing some interviews, so if you're, a crypto fan a crypto fanatic and if you're just trying to learn a little bit more about crypto, i do recommend checking that out i'll make sure to have the link in the description below Um, so that's what's going on with shebe, exciting, exciting stuff, i hope you were able to diamond hand it, and i hope you have that big old smile on your face right now. Our things are finally stepping back, but also to be fair, not just in sheep.
We're seeing an explosion in crypt, i mean look at all the green look at all that green. It's a beauty! It's a beautiful! You.

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