Hey quick note: this video is brought to you by public.com, where you can now buy and sell cryptocurrencies and you can buy and sell stocks and follow. Creators like me, by going to public.com, meet kevin and following me at meetkevin, on public you'll, also get up to 70 in free stocks, thanks max well folks, we have a lot to talk about in this video and we are going to talk about the brand new Ceo of dogecoin stay tuned for that, as we talk about the epic battle that is continuing between dogecoin and shiv, and some pretty incredible updates that are very bullish. Let's take a look at the updates that we have right after we check a very quick price action. Then we'll get into the updates price action.

We have over twice the shiba inu volume happening within the last 24 hours over 5.2 billion dollars of volume. That's insane yeah. We still sit down about 3.3 percent uh. There's been a lot of dispute over the circulating supply for sheep, which i will clarify in this video.

We have dogecoin sitting at less than half of that sheep volume at 2.3 billion market cap difference almost a 2 billion difference. This is with sheep down three point: four: nine percent and dogecoin up almost a one percent at 27.36 and cheap at 68.73 still got about a two billion dollar difference here she now holding on to that number nine spot is doge going to come back. Well, let's go to elon musk to see if he can give us a little bit of guidance which it's worth noting that elon musk earlier tweeted regarding joe biden, that joe biden quote talks like an npc with limited dialogue or a limited dialogue tree. So an npc is a non-player controlled character in a video game and it's kind of like a robot that just stands there.

Yes, hello, so uh joe uh elon musk's been uh going off on tweets here, as he tends to but uh yesterday. This was really interesting. Yesterday evening he tweeted a cryptic 1800 year old chinese poem about beans, and you might be wondering kevin why? Why are you referring to a tweet from elon musk that says humankind and then provides a poem about beans? Well, it's because this poem uses beans as an allegory to describe a conflict between two brothers. Could two brothers perhaps be dogecoin and sheba inu? Well, to understand that we have to understand a little bit about this poem.

This poem is about two jealous brothers. One is the ruler of one of the warring chinese states, who gives his brother seven steps worth of time to come up with a poem as to why his brother should not be killed. Apparently the brother, the ruler, was so touched by the poem that he spared his brother's life. It translates to something like this: beanstalks are ignited to boil beans in the pot, the beans weep.

We are born of the self same root. Why are you in such a rush to fry me now, elon, musk tweeted, the word humankind followed by this poem with no other explanation, but some have speculated that this is either a reference to the world food program or a reference to cryptocurrencies which specifically relate to Doge and being you now just a quick note on this six billion dollar sidebar, there was a cnn article that said two percent of elon musk's wealth could help solve world hunger says the director of the un food scarcity organization. However, when the article first ran it ran without the word help, so it ran as two percent of elon musk's wealth could solve world hunger, to which elon musk, replied and said, really show me exactly how six billion dollars is going to prevent world hunger or end World hunger and that's because two percent of elon musk's net worth is about six billion dollars. Well, i did a little research on this and, according to action against hunger, dot org, you would need about 16 times two percent of elon musk's net worth to end world hunger.

So you need closer to like 32 percent of elon musk's net worth to end world hunger, which still makes some people scratch their heads, uh or chins. I guess because that's what i'm scratching, but anyway, uh classic kind of uh mis leading headline here, not a surprise. I've had to send a cease and desist article to cnn for stuff like this, but instead what if elon musk's poem did not actually have to do with the world food program, but instead had to do with doge and shiba inu folks are now pointing out that The word bean in mandarin is actually pronounced doja, and this is leading a lot of folks to think wait a minute if this poem is about warring beings or brothers, maybe it's not about solving world hunger, but instead it's a reference to the epic battle between shebe And doshcoin, which has also led to renewed speculation about the market cap for sheep, because folks are wondering hey. Why did all of a sudden 155 trillion dollars or not a trillion coins of sheep? All of a sudden show up on coinmarketcap.com coinmarket.com, all of a sudden showed instead of a 394 trillion dollar circulating supply, they showed a 39 increase of circulating supply at 549 trillion dollars.

Coinmarketcap came out and said: hey folks, don't worry, we know there's a lot of debate about the circulating supply sheet, but don't worry we just made a mistake. We incorrectly showed what the circulating supply was to this satoshi kusuma kasama. Excuse me says that no sheep tokens were added to the circulating supply. Shatoshi has responded and said he will donate 1 billion sheep to anyone who can prove that sheep tokens were actually added to the circulating supply of sheep and fun fact.

One billion sheep translates to sixty nine thousand dollars now to this kucoin replied and said that they are going to be adding sheeb and doge to their exchange very soon and kraken said that if a kraken tweet gets 2 000 likes, they will list shebe on their Exchange that tweet currently sits at 63 000 likes, so we're expecting sheeb to be added to both kraken and kucoin, as well as dogecoin over to kucoin. Now, who is the ceo of dogecoin according to shiptoshi? It is none other than elon musk. The new chairman of the board and ceo is none other than elon musk. I believe he knows a little something about money, leadership and meme, elon's adorable, wonder puppy floki will be nominated fake president receiving doge membership.

Now, for a wee bit of technical analysis, i'm noticing that we're really getting a rubber band right around the 2715 to 2750 level on dogecoin. You can see us kind of hitting 27.15 here. Well, we hit 27.15 on october 6th. You see us bounce off of 2720.

You see us briefly break but come back down bounce off 27 37. Twice we break, but once again, then we channel multiple times bouncing off of this 2730 level and now we're doing what i like to call the rubber band around, where it's really acting as a resistance level right here. But sometimes when we get these kind of false starts and these breakouts, i personally call it like the rubber band, it's kind of like you got a rod. You know like a straw right here and you got a rubber band and you're just kind of going like this round and round and round it's like.

Ah, okay, so doge really needs a breakout, but so does she, but honestly, if one of them moved, i think we'd get a break at the other. The other issue is remember. Our fibonacci, it has been shiva, has been acting perfectly in accordance with our fibonacci. Here i mean we bounce look at this.

We literally came down to 58 38, which is crazy because we drew this fibonacci before then, and it shows you how this stuff works. You can see that by going through my video history and then we basically bounced off this level here, which is about the 75-78 level right and what we've really got. The only real thing i'm noticing right now is we have a lid. We have a little bit of a lid happening and it's no, i'm not loving this okay.

But look at this see this this lid. We have right here. It really started here on the 27th. This is on the 30-minute candle on the 27th on the 28th.

On the 29th, these are all little touch points here almost here on the first and here again on the second. We really got a break above this downtrend because we're really consolidating and we're getting squeezed into the fibonacci over here and if we break below this, we're going to be going right back to that 58 level right. So the fib is working really well here, but i don't like this lid right now, we're really looking for a breakout at this point. Hopefully we get it very soon.

Well, there you have it folks, uh. That is an update on shebe and doge. What do you think about the bean story? Let me know what you think in the comments down below and folks, we'll see in the next one. Thanks again goodbye you.